Run or Upgrade a Storage Node on StorX Network
This guide will instruct you how to set up or upgrade Storage Node on the StorX Network
Preliminaries
- Running a Storage Node on a live network is a responsible job. The credibility of the complete network depends upon the performance of Storage Nodes.
- If there are any issues the possibility of your node getting slashed.
- To compensate for the efforts, running a community memes are rewarded with SRX Tokens, knowing that you contribute to the security of a decentralized network while growing your stash.
If you need help, please reach out on the Community Page. The community members are there to help answer questions and provide tips from experience.
How many SRX (StorX Native Tokens) do I need?
To qualify for Storage Node on StorX Network, you need between 6000 - 1 Million SRX, with the existential deposit, plus XDC for transaction fees.
Note: The minimum staking amount will be updated as per the new incremental model from 03/08/2021 onwards. Refer
We requests Storage Node operators to maintain Good Node Reputation to ensure StorX Ecosystem works perfectly.
Tips for maintaining a Good Node Reputation:
- Ensure Strong Cloud Infrastructure.
- Higher SRX Stake adds value to “Good” Node Reputation.
- Ensure 100% uptime.
- Always ensure nodes maintain the latest software patch and OS updates.
Warning:
- Underperformance can lead to disqualification of nodes, which can lead to No ‘hosting and staking rewards’. Repeated low reputation can lead to a penalty; Staked SRX might be burned as a penalty as it may harm StorX Storage Network.
- Any SRX that you stake for Storage Node on StorX Network is liable to be slashed, meaning that an insecure or improper setup may result in loss of reputation leading to slashing of Storage Node on StorX Network.
Requirements
The most common way for a beginner to run a validator is on a cloud server running Linux. You may choose whatever VPS provider that you prefer, and whatever operating system you are comfortable with. For this guide we will be using Ubuntu 20.04 64-bit or higher, but the instructions should be similar for other platforms.
The storage operations in Storage Node on StorX were benchmarked on standard hardware. It is recommended that you run at least the standard hardware in order to ensure they are able to process all storage requirements. The following are not minimum requirements but if you decide to run with less than this beware that you might have performance issues.
- Six Processor Core
- RAM 8 GB (16 GB Recommended)
- Minimum HDD 1 TB SSD / NVME Recommended
- Minimum 10 TB of available bandwidth a month
- Minimum upload speed of 25 MBPS
- Minimum download speed of 25 MBPS
- Ensure Node availability 24/7
Note: The Node requirements keep changing as the Network evolves.
Key Management
- Private keys are the central primitive of any cryptographic system and need to be handled with extreme care.
- Loss of your private key can lead to irreversible loss of value.
Method 1:- Setup StorX Storage Node | Bootstrap Script
Bootstrap Command StorX Node Setup :-
sudo su -c "bash <(wget -qO- https://raw.githubusercontent.com/StorXNetwork/Storage-Node/main/clone_repo.sh)" root
cd Storage-Node
sudo bash bootstrap.shOnce identity file process is started in background you need to wait for some hours and then again run bootstrap file
sudo bash bootstrap.shStep 2: Start your Node
For MainNet Run:
sudo bash start-node.shFor Checking logs if the node is running
sudo bash check-logs.shTo stop the node or if you encounter any issues use::
sudo bash stop-node.shStep 3: Stake SRX token
After setting up StorageNode please Stake SRX token from the URL : https://farmer.storx.io/
IMP Note : You have to stake SRX token to get hosting and staking rewards.
To check status of your node you can visit your node dashboard anytime by visiting the URL : http://:14002
How to upgrade your StorX node with the latest changes?
sudo bash ./upgrade.shPublic discussions on the technical issues, post articles and request for Enhancements and Technical Contributions.