VERY minimum 4gb of ram. I've ran IPFS on servers with 4gb of ram, it works, but it's not great. I'd recommend 16-32gb in production with a decent processor.. We (3speak) run a server with old Xeon processers (Intel(R) Xeon(R) CPU E5-2450) from the Sandy Bridge days. 32GB of ram with 32 threads in total hosting a little over ~9TB. Works really well... The biggest thing is having a fast enough internet connection I'd recommend 100mbit minimum. 1Gbit is more than enough. I'd recommend 1TB of free storage, depending on how much traffic you get you might need more. Overall 1TB is more than enough unless you are getting consistent heavy traffic.
You can pretty much get all the above via publicly available dedicated server hosting providers. Or if you're lucky, you can setup everything locally.
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Thanks a lot for the detailed answer. Going with providers is the preferred way. I don' have heavy boxes under my desk any longer :)
What about the IOPS? Many providers throttle the disk speed ...
Good luck with all your endeavours!
If it's a dedicated server there should be no throttling present. I am not sure on this one as I've only used dedicated servers in production. I think any CMR hard drive should be fine. More advanced rigs should run ZFS with ram/ssd caching, but that's a whole other monster to deal with.
Thanks again. Yes, dedicated servers are not throttled while VPSs are.