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July 10, 2014, 07:56:05 PM |
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I think you might have a few misconceptions about how Storj works. No mining actually takes place in our first app, Metadisk. It just distributes the stored data across the web in encrypted chunks. When our second app, DriveMiner, launches, users will be "mining" (this isn't exactly the best term) their own excess HDD space and bandwidth. That is to say, the users will be offering these resources to the Storj network, allowing other users to rent them in exchange for cryptocurrency. The content itself is not what's being mined, in fact, it's not even stored in the blockchain. Only the pointers to where the data is located on the network are stored in the blockchain.
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