What is the Filecoin mining storage auction? What's the usage? Filecoin mining storage auction aims to improve transaction success rate, speed and function through economic means. Not like The default transaction process in Filecoin mining. The auction introduces storage providers into the transaction flow, encouraging them to compete for storage transactions in real time. Storage auctions can make it easy for anyone who wants to store data Emerging markets such as Filecoin mining have received huge returns. What is a Filecoin storage auction? What's the use? Today we focus on ipfs mining Server hosting Let's take a look at the Micron Network, and hope it can help you.

Currently, two new libraries are already in Open source in the stack of StorageBrokers. Storage brokers (brokers) will help transfer high-throughput data to Filecoin mining storage service provider. Broker contains many unique innovations that can enhance the user experience. The core of the brokerage system is a new storage auction mode, in which storage service providers compete for the transaction data of storage brokers, thus ensuring the low cost and eager demand of storage service providers.

Default storage mode Filecoin mining

establish The default process of Filecoin mining network storage is called online transaction. Online transactions are stored on demand. When users decide to store some data, they will choose a storage service provider, negotiate transactions, send data and get confirmation on the chain.

Online transaction to large enterprises Filecoin mining customers and the storage service providers they choose to trade with pose challenges. Users need to determine the storage service provider they decide to send the transaction. That is to say, storage service providers may be affected by the surge in customer demand, and there are not many ways to increase or reduce transaction flows to meet hardware restrictions.

To solve the problem of For the problem of high throughput, high success and high value transactions in Filecoin mining, we are introducing a new online transaction form, namely auction.

Auctions

Textile has been developing an auction to create a The new mode of Filecoin mining transaction. Filecoin mining auctions allow storage service providers to bid on open storage requests in real time. Storage service provider driven bidding has many direct benefits, including authorizing them to adjust the bidding frequency and enthusiasm (such as price) according to the current infrastructure load. They can also better select storage requests that meet their common functions.

For example, in online transactions, storage service providers prove that the speed of transactions on the chain may lead to transaction failure, and storage service providers will never choose among auction mechanisms.

For customers, there are several main benefits of using auction to store data. The cost is most obvious. As storage service providers compete more directly for each transaction based on cost and reputation, customers will get a better final price for storage data (usually $0 now due to block incentives). At the same time, we also believe that auctions can help organize storage service providers to compete directly with their data, so as to provide a better user experience for mass storage users.

Who is using Filecoin mining auctions?

So far, we have two major user groups. First, external blockchain. We originally designed the auction to expand storage from NEAR, Ethereum and other smart contracts on the blockchain.

The other type of users is what we call direct auction users. Most of them are large data storage users, and they have Filecoin mining stores data, and is looking for more effective ways to transmit data to storage service providers.

How will the auction go?

Set The Filecoin mining CAR file is packaged and ready to be saved on the network. The CAR file is encapsulated in the auction payload together with metadata. Auctions are released through pubsub channels, Pubsub contains storage service providers waiting for a new auction. The storage service provider submits a bid to the bidding transaction. When the auction ends, we will select from a list of valuable storage service providers. Bidding, complete list of storage service providers and selection criteria will be publicly released. After that, we will start to anchor the auction summary in Filecoin mining chain. When we understand how storage service providers organize and compete in the system, the auction algorithm itself will change. Finally, the stored transaction parameters are proposed and accepted by both parties. The storage service provider extracts data and completes a series of transactions.

Some exciting technologies have been developed to enable customers and storage service providers to successfully complete this process. Now, we open source the first code.

Published: Lightweight File Packaging Tool

get The high throughput and cheap storage of Filecoin mining depends to some extent on the way you package the stored data. Storage service providers do not obtain the smallest files separately, and they have not yet stored files with a specific size. Medium size files are not suitable for filling Files in most or all sectors of Filecoin mining. Whenever possible, customers will package their data into a file filled with most or all sectors, which ensures that a large number of storage service providers are interested in and motivated to store data.

Now, we have released a new tool in Powergate, which allows you to quickly generate and prepare these batches with minimal dependencies CAR files without having to run ipfs mining.

Release: A storage service provider utility that automatically participates in auctions

Currently, The Filecoin mining node does not contain methods for storage service provider connections or auctions. To do this, we have implemented the storage service provider to run daemons on its infrastructure called bidbot. This The bidbot daemon is designed as a different machine than the Filecoin mining node of the storage service provider. For the sake of expansion and security Filecoin mining node isolation is very important for storage service providers.

To install bidbot, the storage service provider first signs a message from its storage service provider address, confirming that The bidbot is under its control. After preliminary verification, the bidding robot can be identified as a known storage service provider (no private key is required) for bidding. Access to private keys is an important security implementation. Bidding robot simplifies the handling of bid winning auction. When you run the background program, the storage service provider can quickly download and start processing data to report on the chain.