Introduction
Arweave is a decentralized storage network offering permanent, verifiable data storage solutions. With backing from prominent investors like a16z and Coinbase, Arweave presents a compelling alternative to Filecoin for miners and investors alike.
Key Features of Arweave
- Permanent Data Storage: Ensures immutable archival of information.
- Mining Mechanism: Similar to Filecoin but with distinct economic models.
- Strong Investor Support: Funded by top-tier blockchain VCs.
Mining Setup Requirements
To start mining Arweave, ensure your system meets these specifications:
| Component | Minimum Requirement |
|---|---|
| CPU | 4 Cores |
| RAM | 8GB (4GB functional) |
| Storage | 512GB–1TB |
👉 Get started with Arweave mining
Step-by-Step Mining Process
1. Obtain an Arweave Wallet
- Download the Arweave wallet plugin from the Chrome Web Store.
- Generate a wallet address to receive mining rewards.
2. Deploy a Mining Node via Ankr
- Use Ankr’s one-click deployment for Arweave nodes.
- Default configurations suffice (4GB RAM works despite official recommendations).
- Enter your wallet address and pay via USDT/ANKR/credit card ($89/month).
3. Synchronize the Node
- Initial synchronization takes 10+ days.
- Storage expansion may be required during syncing.
Expected Mining Rewards
- Daily earnings: Calculated post-synchronization.
- Long-term strategy: Mining offers cost-effective token accumulation but requires patience.
Advantages of Arweave Mining
- Simplified Deployment: Ankr’s one-click setup.
- Flexible Pricing: Pay-as-you-go model.
- Cost-Efficient: More affordable than AWS.
FAQs
Q: How long does node synchronization take?
A: Typically over 10 days due to block height complexity.
Q: Can I mine with less than 8GB RAM?
A: Yes, 4GB RAM works but may slow initial syncing.
Q: Is Arweave mining profitable?
A: Earnings vary; sync completion is required to assess returns.