Host a Node
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Storage Node Hardware Requirements
- 6 Core Processor
- RAM 8 GB (16 GB Recommended)
- HDD 1 TB SSD / NVME Recommended
- Minimum 10 TB Bandwidth
- Minimum Upload / Download Speed of 100 MBPS
- 24/7/365 Availability
- Software : Linux / Ubuntu / Centos
- Docker : Latest Version
Farm Node Staking Requirements
- User would have to setup Storage Node as per the guidelines.
- Once Storage Node setup is complete. The node operator would have to proceed with staking SRX Tokens.
- Minimum SRX Staking is 40000 as per Incremental Model and Maximum 1 Million SRX tokens can be at stake.
- Acquire tokens from the exchanges
Setup Storage Node
StorX Rewards
Based on input from the StorX Community, starting September 1, 2024, StorX Network will realign its Storage Node Rewards as follows.
- Storage node Operator’s rewards for eligible nodes is 300 SRX per month
- Staking rewards 7%
- Storage Node Operators will continue to receive Staking Rewards based on the number of SRX staked.
- Minimum Staking for New Nodes is currently 40,000 SRX.
- Storage Node Hosting Rewards will be reduced by 5.00 % every three months to adjust for inflation.
Under the upgraded storage node program, all Storage Nodes must provide at least one month’s notice to exit and reclaim staked SRX. Exiting without notice will result in forfeiture of staked SRX.
Critical Factors for Deciding Storage Node Reputation
- Quality of Storage Nodes
- Performance of Storage Nodes
- Key Location of Storage Nodes
- Response to StorX Audit Requests
- Number of SRX Staked for the Node