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ORIGIN Storage provides an efficient FIL mining solution to help achieve the multi-billion dollar distributed storage market

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ORIGIN Storage provides an efficient FIL mining solution to help achieve the multi-billion dollar distributed storage market

December 06
16:11 2021

ORIGIN Storage is committed to providing improved underlying technologies and solutions for the Web 3.0 ecosystem with safe, flexible and reliable technologies and product services.

IPFS – Peer-to-peer Storage Network

As of 2021, the number of Internet users worldwide exceeded 4.9 billion, accounting for over 62% of the world’s population. With this amount of users spread around the world, the large amount of data generated by access to the Internet every day has created an emerging market for data storage.

Currently, more than 80% of the data on the Internet worldwide is unstructured data (documents, photos, videos). With the spread of 5G technology, corporate data will become the mainstream and this market will double.

The forecast of the global data storage market size shows that it will exceed $ 100 billion in 2024.

The continued growth of the storage market has triggered fierce business competition among storage service providers, and large companies such as Amazon, Alibaba Cloud, and Tencent Cloud continue to increase their investment in this sector. While the rise of the centralized data storage market has brought significant commercial benefits, it also produces a variety of security issues.

In addition to being prone to single points of failure, users can also have service providers disrupt services, delete or shield stored files due to regulatory violations. Also, the more files that are saved, the higher the cost.

Due to the rapid rise of information leaks and other incidents, more and more people are questioning the centralized storage model.

As the shortcomings of centralized storage become more and more prominent, a new type of decentralized peer-to-peer hypermedia transmission protocol (IPFS) based on content addressing is beginning to appear.

Compared to HTTP network protocols, IPFS storage is safer, faster, cheaper, can improve system reliability, availability, efficiency, is easier to scale, and has deployment stability. According to expert analysis, IPFS is one of the key factors for the success of the Internet of Things in the future.

Due to its decentralized nature, many consider IPFS to be a blockchain technology/project, but it is easy to confuse it with Filecoin. In reality, IPFS is an internet technology and has little to do with blockchain itself. The IPFS protocol has been in the market for over five years since it was announced in January 2015, and the technology is mature. As a next-generation Internet-based communication protocol, IPFS has already been applied in various fields such as data storage, file transfer, Internet video, social media, and decentralized transactions, and these apps, applications, and platforms are rebuilding the entire Internet.

Filecoin Mining via ORIGIN Storage

IPFS is causing a huge reaction in the market, not only because of its wide range of application prospects and market size but also because of the emergence of Filecoin.

Filecoin is an incentive layer that runs over IPFS and is a blockchain-based distributed storage network. Filecoin uses smart storage processes to form consensus, turning cloud storage into an algorithmic market and avoiding the huge waste of resources and energy in traditional mining.

The Filecoin protocol has two trading markets, data retrieval, and data storage, both of which submit their needs in the market to complete the transaction and are cheaper, safer, and faster integrated for the Internet and blockchain. It provides a storage solution. In this process, Filecoin’s ecosystem token FIL is responsible for communicating resource (storage and search) users (IPFS users) and resource providers (Filecoin miners), providing an opportunity for everyone in the storage market. 

In the entire digital currency market, Filecoin is one of the few applications with truly large commercial value, and FIL is also known as a token with innovative technological breakthroughs next to ETH.

As a type of mining coin, Filecoin investors can participate in secondary market purchases and mining. Purchasing in the secondary market is the easiest and most convenient way, but it requires investors to have a certain level of investment and analytical skills, and also requires some understanding of the crypto market.

Otherwise, it’s easy to miss opportunities in the face of severe market volatility. On the other hand, mining, which is close to the regular investment model, allows investors to participate stably, does not impose a high-hurdle, and is available to the large public.

The essence of Filecoin is not like Bitcoin. Miners need to provide storage services 24 hours a day, 365 days a year. Therefore, Filecoin has a mortgage compensation mechanism, but in the daily home environment, the power and network supply are not stable, the environment and conditions required for Filecoin mining cannot be met, and ordinary miners need to specialize. It is difficult to meet the demands for technical maintenance.

Filecoin mining is not as easy as Bitcoin mining due to the high technical requirements, maintenance difficulty, and input costs.

Filecoin is not suitable for personal or home mining but it does not mean that ordinary users cannot participate in mining. A specialized vendor in IPFS mining services, represented by ORIGIN Storage, emerges to provide investors with convenient and efficient mining services with end-to-end level solutions.

As a single node, the conditions of a single miner are different, it is difficult to provide a stable and good quality resource with the network, which affects the mining quality. The hardware equipment and services provided by mining pool operators are more standardized than mining alone.

About ORIGIN Storage

ORIGIN Storage’s mining pool uses a T3 + level IDC room, stable internet bandwidth, and a sealed cooling control system to monitor the operating status of equipment such as CPU temperature, memory, and hard disks in real-time 24 hours a day, 365 days a year. It immediately alerts in the event of an abnormal situation, and at the same time adopts dual electric access + diesel generator + UPS power supply system and dual network mode to fully guarantee the demand of Filecoin network, making it easy for investors to participate.

ORIGIN Storage’s mining pool capacity reaches thousands of PB levels and employs real-time main network synchronization, entirely based on IPFS basic research and development. It employs a double cluster system with separate computation and storage and has a uniquely developed high-performance storage optimization algorithm for distributed placement.

It has improved storage and mining efficiency by 30% and has a 7-tier safety verification system to improve service stability and efficiency while improving the miner rate of return and financial security.

Filecoin Testnet 1.0

Filecoin Testnet 2.0

ORIGIN Storage can provide a variety of solutions to minor groups with different needs. ORIGIN Storage can also provide role management and account management models.

ORIGIN Storage also offers customized 7 series mining solutions to meet users’ needs, dig deeper into the market and customize services for investors.

Founded in 2018, ORIGIN Storage is a professional technology company engaged in research and development in the field of distributed storage, with the mission of providing distributed storage solutions to users. Products include services such as servers, computing machines, smart application development, and server hosting maintenance, with a mature technology development structure and a complete supply chain.

It currently has millions of dollars in strategic investment from ChainUP, the world’s leading blockchain technology provider.

So far, ORIGIN Storage has an average daily mining efficiency of over 20% of all nets, can fill 1.5T of storage per day per computing device, and has the top 3 average mining efficiency of all nets. Over 90% of the team members were engineers, including some of the early IPFS source code contributors.

The storage recovery system launched in the first stage of Filecoin space racing solves Filecoin’s storage loss challenge and is highly valued by investors. ORIGIN Storage have close cooperation with well-known companies and investment institutions in the mining industry.

Today, data sources such as the Internet, smart cities, edge computing, and blockchain are naturally associated with distributed storage. It has created many online collaboration platforms and electronic contract applications, and it is expected that large amounts of data will be stored in SMEs in the future.

With the arrival of the new infrastructure era, ORIGIN Storage need options that can provide security to data storage against the explosive growth of data, and ORIGIN Storage can certainly expect the development of IPFS and Filecoin.

Reasonable investment is important for investors. If people want to invest in Filecoin directly in the secondary market, they need to think carefully and never invest with too much heist.

In addition, investors who want to mine must choose a reliable business operator, a well-known brand, a reputable and strong mining pool, and invest reasonably according to their needs.

ORIGIN Storage: https://www.originstorage.io 

Contact: [email protected]

Customer Service: [email protected]

Media Contact
Company Name: ORIGIN Storage
Contact Person: Amber Li
Email: Send Email
Country: Singapore
Website: https://www.originstorage.io