🌐 Ecosystem Filecoin l Mining Discussion

Mate2237

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Quote from: icopress on March 03, 2024, 02:28:46 PM

Filecoin is already at 10.7 but I am skeptical about what Arthur Hayes said about the target price of $100. Cool

This coin has been created for a long period of time and I checked the capital market to see the price and I saw $10.61, which is very far from the prediction you mentioned which is the $100. This amount can't be achieved in the coming All Time High but there is probability in the upper coming bull market of 2028. Arthur Hayes prediction might be realistic if the population of the coin is high because in any project the number of people using the project determine how valuable the coin will be. And I don't want you to be skeptical but to have faith to achieve the goal. This is the first time I am even hearing this coin because coins are lifting up every day in the cryptocurrency ecosystem space.

icopress

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light_warrior ... 🕯️

Filecoin is already at 10.7 but I am skeptical about what Arthur Hayes said about the target price of $100. Cool

icopress

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light_warrior ... 🕯️

It seems that the flat that lasted more than 700 days has come to an end. I have witnessed each of the 4 upward impulses in the last 2 years, but have not seen the price return to $8 so quickly. So let's hope for the best.

I don't think we'll see anything like the momentum we had in 2021, but I think $15 is a realistic price.

FP91G

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Quote from: icopress on July 22, 2023, 04:17:03 PM

Quote from: FP91G on July 21, 2023, 02:41:36 PM

I may write a wrong thought, but I understood from the comments that AntPool is luring coin holders with a larger reward who are staking Filecoin to their delegated staking pool, which will enable this pool to run more mining hard drives on it.

In this case, AntPool takes on many millions of risks ... can you, as a person closer to mining, understand the details?

For a detailed post, I would happily reward you with some merites. Tongue

You say that the pool has risks, but I do not notice their risks. The pool must have its own coins for mining rewards or attract coin holders to stake coins in the AntPool pool for a better reward.

"Antpool is the mining spinoff of Bitmain and also the second largest mining pool in the world."
https://bitcoinmagazine.com/business/bitmain-antpool-antalpha-offer-bitcoin-mining-industry-lifeline

Rather, Bitmain makes a big profit from the sale of these asics, which he invests in the development of his mining pool. A very important detail is the production cost of this ASIC for Bitmain.

icopress

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Quote from: FP91G on July 21, 2023, 02:41:36 PM

I may write a wrong thought, but I understood from the comments that AntPool is luring coin holders with a larger reward who are staking Filecoin to their delegated staking pool, which will enable this pool to run more mining hard drives on it.

In this case, AntPool takes on many millions of risks ... can you, as a person closer to mining, understand the details?

For a detailed post, I would happily reward you with some merites. Tongue

FP91G

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Quote from: icopress on July 21, 2023, 06:44:34 AM

I'm confused.

- Firstly, as far as I know, when mining FIL, any equipment will start working at 100% only after the expiration of time (six months or a year).
- Secondly, for mining you need to have a fairly large FIL reserve, so I don’t quite understand how you can receive a reward immediately after buying.

Quote from: theblock

Crypto mining machine manufacturer Bitmain is venturing into the Filecoin mining field for the first time, offering a new model that's priced at $38,888 per unit. The machines come with a hash rate of 4,300T, and users can host them at the Bitmain-associated Antpool mining pool platform to begin earning rewards right after purchase.

I may write a wrong thought, but I understood from the comments that AntPool is luring coin holders with a larger reward who are staking Filecoin to their delegated staking pool, which will enable this pool to run more mining hard drives on it.

icopress

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I'm confused.

- Firstly, as far as I know, when mining FIL, any equipment will start working at 100% only after the expiration of time (six months or a year).
- Secondly, for mining you need to have a fairly large FIL reserve, so I don’t quite understand how you can receive a reward immediately after buying.

Quote from: theblock

Crypto mining machine manufacturer Bitmain is venturing into the Filecoin mining field for the first time, offering a new model that's priced at $38,888 per unit. The machines come with a hash rate of 4,300T, and users can host them at the Bitmain-associated Antpool mining pool platform to begin earning rewards right after purchase.

icopress

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Bump

icopress

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God, the first mega-impulse in 15 months, I was sweating when I saw it.

Quote

The fact of the matter is that this asset has had insane growth with in a 48 hour cycle... on the weekend mind you

OgNasty

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Quote from: icopress on May 24, 2022, 12:49:42 PM

Quote from: icopress on May 23, 2022, 09:24:11 AM

In addition, the RSI indicators are at an all-time low. With ATH, the price dropped by 97% after being in a downtrend for 400 days. Now is the best time to enter if you are planning to replenish your FIL reserves in order to start mining this coin in the future.

On the daily chart, I can see the price of FIL is falling and ADL is rising, indicating that there is huge buying pressure, but the price is still falling.

How can this be? ^{[I would appreciate a detailed answer]}

This can be logically explained, but I do not have enough data to do this. Does anyone know the FIL reserves in the pockets of investment companies? And periods of defrosting purchased coins. I don't believe that miners can constantly move the price down, as Filecoin is a huge project with a rich history.

Filecoin seems to be on a race to the bottom. I don't see any signs of that stopping. I'm not familiar enough with it to know the details of how it's mined, but I'm aware there are plenty of sites offering large % returns to hold it... That's not the best sign for an investment, that previous investors are getting handed tons of new coins for free to dump, and I think the market has shown what happens when this is the distribution plan. The thing about an asset falling 97% is that it can always still fall another 97%.

icopress

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Quote from: icopress on May 23, 2022, 09:24:11 AM

In addition, the RSI indicators are at an all-time low. With ATH, the price dropped by 97% after being in a downtrend for 400 days. Now is the best time to enter if you are planning to replenish your FIL reserves in order to start mining this coin in the future.

On the daily chart, I can see the price of FIL is falling and ADL is rising, indicating that there is huge buying pressure, but the price is still falling.

How can this be? ^{[I would appreciate a detailed answer]}

This can be logically explained, but I do not have enough data to do this. Does anyone know the FIL reserves in the pockets of investment companies? And periods of defrosting purchased coins. I don't believe that miners can constantly move the price down, as Filecoin is a huge project with a rich history.

icopress

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Found some interesting tools for Filecoin fans.

Filecoin Storage Provider Reputation Dashboard: provides actor-level activity analysis to generate reputation scores. This helps you find a trustworthy SP to store your valuable data.

Filecoin Network Health Dashboard: Using the Dashboard, users can easily gain access to key insights regarding the health of the Filecoin network. The Dashboard includes data on network storage capacity, circulating supplies, scheduled data expirations and more.

Filecoin ROI Calculator: the ROI calculator helps users determine the profitability of providing storage on the Filecoin network to help current and future storage providers make informed decisions before investing in equipment.

- https://www.reddit.com/r/filecoin/comments/uqykkp/filecoin_spotlight_starboard_ventures/
- https://tradingview.com/chart/FILUSDT/ZsGAuHEE-fil-usdt-moj-favorit-na-otskok/

In addition, the RSI indicators are at an all-time low. With ATH, the price dropped by 97% after being in a downtrend for 400 days. Now is the best time to enter if you are planning to replenish your FIL reserves in order to start mining this coin in the future.

casparthefriendly

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Count me in. I'm looking into this as well.
Edit: Sh*T Just Saw that Dollars Entry Cost... $38,000...Dammit!

Quote from: icopress on February 04, 2021, 06:15:01 PM

Considering the enormous cost of energy in my country, it seemed to me that filecoin mining is smart, even though the instant payment is only 25%, (well, of course, conversion to USDT and expectation of a bear market). This thread is kind of like a reminder of what I should be doing in the near future.

Quote from: Eliovp on February 04, 2021, 06:02:28 PM

I might just actively participate here Wink

Great, now there are two of us at this party Roll Eyes

icopress

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Pretty good news for Filecoin mining fans Tongue

After the last bearish jump, the FIL cost has dropped to $ 40 and the cost of securing one terabyte of power has dropped to 4,72 FIL, (Total Cost Of Sealing Sector). Thus, the minimum entry threshold has significantly decreased and is only $18,000 + equipment (min amount of FILs for 100TiB / 472FIL * 40).

Quote from: icopress on August 12, 2021, 11:52:35 AM

Answering my own question ... and the question that has appeared in this thread more than once ... I found a simple calculator that displays the required collateral in real time in relation to 1TiB. At the moment, this number is varied at 6 FIL, which means if you have 100TiB (equipment for $ 12,000) you need a three-fold lock, equivalent to 600FIL ($ 36,000).

Frankly speaking, these are terrifying but real numbers, which actually throw payback for a year and a half and the minimum acceptable entry threshold is equal to $ 50,000. In case anyone is interested ... everything fell into place when I rummaged a little in the specifications / Clause 2.6.3.

By the way, [here] you will find infographics on projects that joined the Filecoin ecosystem in 2021. Wink

icopress

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Quote from: miner29 on September 27, 2021, 07:43:45 AM

You also need $38,000 needed to play?

See post above yours.

It's not just a big threshold of entry ... it's also a matter of time, since you have to wait until your vaults are full. I have not asked this question for a long time, but a couple of months ago the payback was about 14 months due to a rather long filling process, (I hope I have not confused anything).

miner29

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Quote from: adiwibowosakti on September 26, 2021, 02:06:54 AM

I have an old HP Proliant server laying around the house from the time I was hosting websites, maybe I should try mining on it, just lacking this 128Gb of RAM mentioned in the article on their website Undecided
Is anybody else here planning on building a physical rig or you are all looking thinking of a cloud mining?
Cheers

You also need $38,000 needed to play?

See post above yours.

adiwibowosakti

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I have an old HP Proliant server laying around the house from the time I was hosting websites, maybe I should try mining on it, just lacking this 128Gb of RAM mentioned in the article on their website Undecided
Is anybody else here planning on building a physical rig or you are all looking thinking of a cloud mining?
Cheers

icopress

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Quote from: icopress on September 08, 2021, 02:45:38 PM

According to the news, Filecoin storage is expanding rapidly ... "The global community of Filecoin storage providers has dedicated over 10(EiB) of decentralized storage capacity to the FIL network. 10EiB is equivalent to 190 Internet Archives, 45,000 Wiki, and 6,850,000 years worth of video calls". But no matter how good it sounds, the minimum entry threshold remains VERY high, (the min required FIL volume has decreased and is now 580FIL*$80 = $46k).

So, in three weeks the storage volume increased by 14%, but whether it is full is another question ... By the way, the minimum entry threshold for participation in mining has dropped to $ 38,000, which is, as it were, an order of magnitude less, but still, unfortunately, not a little. So far, there is no particular news, some conferences and hackathons together with other projects, so that's all ..

There is mention of the opening of the MoNa NFT gallery but I will not go into details as everyone is already tired of this overpriced market. Roll Eyes

icopress

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light_warrior ... 🕯️

According to the news, Filecoin storage is expanding rapidly ... "The global community of Filecoin storage providers has dedicated over 10(EiB) of decentralized storage capacity to the FIL network. 10EiB is equivalent to 190 Internet Archives, 45,000 Wiki, and 6,850,000 years worth of video calls". But no matter how good it sounds, the minimum entry threshold remains VERY high, (the min required FIL volume has decreased and is now 580FIL*$80 = $46k).

Quote from: icopress on August 12, 2021, 11:52:35 AM

Answering my own question ... and the question that has appeared in this thread more than once ... I found a simple calculator that displays the required collateral in real time in relation to 1TiB. At the moment, this number is varied at 6 FIL, which means if you have 100TiB (equipment for $ 12,000) you need a three-fold lock, equivalent to 600FIL ($ 36,000).

Frankly speaking, these are terrifying but real numbers, which actually throw payback for a year and a half and the minimum acceptable entry threshold is equal to $ 50,000. In case anyone is interested ... everything fell into place when I rummaged a little in the specifications / Clause 2.6.3.

icopress

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Quote from: icopress on July 23, 2021, 06:48:42 AM

Guys I have a question ... Now for every TiB, there is 0.04 Fil per day. How much FIL/TiB need to be held in the current situation in order to join the mining process?

Answering my own question ... and the question that has appeared in this thread more than once ... I found a simple calculator that displays the required collateral in real time in relation to 1TiB. At the moment, this number is varied at 6 FIL, which means if you have 100TiB (equipment for $ 12,000) you need a three-fold lock, equivalent to 600FIL ($ 36,000).

Frankly speaking, these are terrifying but real numbers, which actually throw payback for a year and a half and the minimum acceptable entry threshold is equal to $ 50,000. In case anyone is interested ... everything fell into place when I rummaged a little in the specifications / Clause 2.6.3.

Topic: 🌐 Ecosystem Filecoin l Mining Discussion (Read 1374 times)