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I don't have any experience with IPFS so I just downloaded the client and ran `ipfs daemon`. It's been using 500-1500Kbps down and 200-500Kbps up for the last 15min or so. It also has 330+ open connections. Is that expected? It seems a bit aggressive for idling. No message on the console indicating what exactly it's doing either.

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By default every node acts as DHT server. If you have easily reachable node this is fairly typical load. You may opt-out from serving DHT requests by adding --routing=dhtclient parameter to the daemon.

That did it, thank you! For now that's more manageable to start learning about it.

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