🌐 Ecosystem Filecoin l Mining Discussion

Mate2237

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Eloncoin.org - Mars, here we come!

Quote from: icopress on March 03, 2024, 03:28:46 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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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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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, 05:17:03 PM

Quote from: FP91G on July 21, 2023, 03:41:36 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, 03:41:36 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, 07:44:34 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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Leading Crypto Sports Betting & Casino Platform

Quote from: icopress on May 24, 2022, 01:49:42 PM

Quote from: icopress on May 23, 2022, 10:24:11 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, 10:24:11 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, 07:15:01 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, 07:02:28 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, 12:52:35 PM

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, 08:43:45 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, 03:06:54 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, 03:45:38 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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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, 12:52:35 PM

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, 07:48:42 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.

icopress

legendary

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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? On the Internet, you can find anything you like, including calculators and equipment setup details, etc, but I never came across even approximate figures on this issue, (Hodl FIL/TiB).

I'll leave it here in case someone wants to understand the mechanics of the Filecoin block reward. ^{[https://ipfs.io/ipfs/QmPsGjMQ55WHG9tdocjP1u7y2FFLxZWBjCBHB3Msw3UTLR]}

icopress

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Some fresh news / Infrastructure and related projects / also updated info in OP Wink

Quote

Digital MOB has launched the first version of their Filecoin Miner Reputation System, available now at Filrep.io. A reliable reputation system is crucial to the health of the Filecoin ecosystem. Storage clients must navigate a sea of storage miners to discover those who are the best match for their specific needs.

Quote

IPFSUnion announces an investment to build a large Industrial Park focused on Filecoin mining / A long-time tremendous supporter of the IPFS mission and ecosystem, IPFSUnion has established deep economic ties with tech companies in Asia — including Alibaba — to support the growth of decentralized technologies. Upon completion, it will be the largest IPFS- and Filecoin-distributed storage infrastructure project.

arielbit

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ddr5 is coming that can do 512gb per module. at x4 slots that's 2TB of ram vs 128gb for x4 slot ddr4 max capacity (32gb per module).

that's at least an x10 more...mining VMs with quad lan cards.

ddr5 is a major leap that can outclass current miners by a magnitude...helps with competition, eth gpu mining is x2 over the previous generation, ddr4 is x2 capacity over ddr3. it is like an algo that got asic'd or fpga'd by the next generation.

gpu miners are always shunned when time comes specially when a coin gets a big enough, or fpga'd or asic'd. now..how can you asic and fpga mining that is basically 1PC = 1miner? or in the near future 1VM = 1 miner?

i really hope filecoin do really well.

icopress

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Quote from: hatough on March 24, 2021, 03:33:49 PM

I still can’t figure out the return, but I have one major question, does your location affect your deals? I live far away from the US, but we have decent fiber connections here.

I have not gone into details yet, since according to my calculations, it will take me about $ 15,000 to connect, but I have something to add .. As far as I know, the location does not play a special role if you have a stable connection, (and you are unlikely to need a redundant link for uninterrupted connectivity unless you plan to scale). In addition, you instantly receive only 25% of the mined coins, (the rest of the award is paid within six months). The only question I couldn't find an answer to is the FIL to hardware ratio, this is a kind of pledge by which you confirm the quality of your compute node.

hatough

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Hello, I am really new to all of this and have been looking to mine Filecoin.
It will probably cost me around 6k to get a 10th generation cpu with the 128Gb ram and around 48 Tib HDD with 2x2 Tib SDD, like you guys I still can’t figure out the return, but I have one major question, does your location affect your deals? I live far away from the US, but we have decent fiber connections here, did anyone of you guys go through with this and started mining?

icopress

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So, Filecoin claims that their Decentralized Data Warehouse could partially reduce the load on the Ethereum blockchain. "The role of Filecoin in DeFi is already happening. The network has incorporated Infura’s developer API to allow programmers throughout the Ethereum ecosystem to easily integrate with the platform. Additionally, Filecoin is supported by The DeFi Bridge, which allows people to use FIL in the Ren VM." If anyone is interested, you can learn more about it here.

btcxz

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Sounds not like the best bet. Look how much it costs to start a Filecoin miner..

CPU: AMD Epyc 7402 (24 cores) - $2000
RAM: 128gb - $1000
Storage: 6tb ($600-800)
GPU: Nvidia Quadro RTX 6000 - $4000 each, sometimes required 2!

Thats $8,000 for something you don't even know how much it profits (I couldnt find ANY profit calculations.)

Don't be stupid and chase hyped up cryptos Grin

icopress

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Filecoin [+] Ocean Protocol ^{[Decentralized Data Markets]}(rather unexpected collaboration) / I think a few recent updates will not hurt, "Filecoin is creating new possibilities for programmable storage and algorithmic data markets".

Discover more potential Filecoin use cases, (Filecoin News, Issue 12): https://filecoin.io/blog/posts/filecoin-news-issue-12/

Ardvark69

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Quote from: icopress on February 22, 2021, 03:28:19 PM

Quote from: Ardvark69 on February 10, 2021, 08:16:57 PM

I assume there must be a "perfect" spec for the fastest equivalent to eth hashrate and then an "affordable" spec thats the best hashrate to price. Do you happen to have these? I read over the hardware guides but it seems like they are a tad old and they give general "ssd" instead of identifying specific brands or required speeds for them.

I thought about it too, and even asked Whattomine.com ("Calculate how profitable it is to mine selected altcoins in comparison to eth or btc"). At the moment, theoretically, it is possible to calculate profitability depending on "TB used for storage", but as has been accurately noted and with which I agree, there are many other unknown factors that need to be taken into account when calculating. I also agree on the relevance of the information on the equipment on docs.filecoin, so in order to get a complete picture, I plan to find someone who is already doing this. Btw, have you viewed the subreddit/Filecoin?

Sorry for the late reply things have kept me running around, I viewed it a few days ago.

icopress

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Quote from: philipma1957 on February 23, 2021, 07:05:38 PM

1)going off line fucks you hard. My 200 speed optimum cable goes off line often.
2)There is a second problem you store info for people you don't know.

I also thought about this, since as far as I know, any complications with the equipment will affect the staking (including temporary shutdown). Correct me if I'm wrong, but before starting work, bitcoin miners must also agree that their coins can be confiscated for a number of reasons (I do not remember what the fund of confiscated coins is called). As for the alleged FBI visits, I doubt that they will be interested in someone else's encrypted information posted at your home.

amags

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There are some good getting started resources here https://www.youtube.com/watch?v=XlqW3LrN578&t=1s and https://filecoin.io/blog/posts/a-guide-to-filecoin-storage-mining/

Also lots of good advice and troubleshooting on the community slack https://filecoin.io/slack

arielbit

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Quote from: chohav on February 24, 2021, 03:42:50 AM

Quote from: philipma1957 on February 23, 2021, 07:05:38 PM

I have a beast a monster and it looks like I can mine it but staking makes me not want to do it.

A amd threadripper 3970x
128gb ram
nvidia 3090 gpu

I would add 3x 4tb ssd as that is cheap compared to the other parts

I spent a long time looking at requirements and I find 2 issues

1)going off line fucks you hard. My 200 speed optimum cable goes off line often.

2)There is a second problem you store info for people you don't know.

If your government decides to knock on your door in the name of security to find what is on your pc files they would legally have cause. I do not want my friendly FBI or homeland security telling me my files hold nasty stuff for nasty people.

Hmm, it's strange that the team behind Filecoin haven't thought about this? I guess everything you store will be encrypted or even diversified between many different users and can only be compiled to the original file only by the initial uploader... IDK, just thinking out loud.

Maybe somebody from the team could help us and enlighten us regarding this issues?

encrypted, distributed and decentralized. then we are talking, a miner can just allocate a small portion of filecoin mining to GPU and ASIC mining.

internet connections are getting better these days....and starlink Wink

chohav

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Quote from: philipma1957 on February 23, 2021, 07:05:38 PM

I have a beast a monster and it looks like I can mine it but staking makes me not want to do it.

A amd threadripper 3970x
128gb ram
nvidia 3090 gpu

I would add 3x 4tb ssd as that is cheap compared to the other parts

I spent a long time looking at requirements and I find 2 issues

1)going off line fucks you hard. My 200 speed optimum cable goes off line often.

2)There is a second problem you store info for people you don't know.

If your government decides to knock on your door in the name of security to find what is on your pc files they would legally have cause. I do not want my friendly FBI or homeland security telling me my files hold nasty stuff for nasty people.

Hmm, it's strange that the team behind Filecoin haven't thought about this? I guess everything you store will be encrypted or even diversified between many different users and can only be compiled to the original file only by the initial uploader... IDK, just thinking out loud.

Maybe somebody from the team could help us and enlighten us regarding this issues?

philipma1957

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'The right to privacy matters'

I have a beast a monster and it looks like I can mine it but staking makes me not want to do it.

A amd threadripper 3970x
128gb ram
nvidia 3090 gpu

I would add 3x 4tb ssd as that is cheap compared to the other parts

I spent a long time looking at requirements and I find 2 issues

1)going off line fucks you hard. My 200 speed optimum cable goes off line often.

2)There is a second problem you store info for people you don't know.

If your government decides to knock on your door in the name of security to find what is on your pc files they would legally have cause. I do not want my friendly FBI or homeland security telling me my files hold nasty stuff for nasty people.

chohav

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I am thinking about mining Filecoin too, still doing the research on the required hardware, however it seems nobody that is actively mining is posting on BTT.
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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light_warrior ... 🕯️

Quote from: Ardvark69 on February 10, 2021, 08:16:57 PM

I assume there must be a "perfect" spec for the fastest equivalent to eth hashrate and then an "affordable" spec thats the best hashrate to price. Do you happen to have these? I read over the hardware guides but it seems like they are a tad old and they give general "ssd" instead of identifying specific brands or required speeds for them.

I thought about it too, and even asked Whattomine.com ("Calculate how profitable it is to mine selected altcoins in comparison to eth or btc"). At the moment, theoretically, it is possible to calculate profitability depending on "TB used for storage", but as has been accurately noted and with which I agree, there are many other unknown factors that need to be taken into account when calculating. I also agree on the relevance of the information on the equipment on docs.filecoin, so in order to get a complete picture, I plan to find someone who is already doing this. Btw, have you viewed the subreddit/Filecoin?

Ardvark69

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Quote from: icopress on February 10, 2021, 07:54:57 PM

Bump

Honestly filecoin has my interest personally "as a miner".
I assume there must be a "perfect" spec for the fastest equivalent to eth hashrate and then an "affordable" spec thats the best hashrate to price. Do you happen to have these? I read over the hardware guides but it seems like they are a tad old and they give general "ssd" instead of identifying specific brands or required speeds for them. I also still don't understand if its the memory size or transfer rate that matters...it doesn't seem like having 100tb+ helps? Sorry I'd love to know more but I'm not very technical myself so I'm asking questions I can probably figure out with some time I'll do my own research if you'd prefer not to answer or to wait until I am a bit more educated.

GPU mining is much simpler for me to figure out Wink

icopress

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Need to learn about Filecoin cloud mining, (the entry threshold is much lower). Cons: no real hardware + so far, there are no cloud mining providers in the market. If there are already suppliers on the market, need to find out how long they have been using Filecoin's disk space. And more details are needed regarding the verified storage ("how long and at what speed the 1/10 TB storage will be filled") ^[1]

arielbit

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Quote from: icopress on February 08, 2021, 08:06:57 PM

Quote from: arielbit on February 04, 2021, 07:37:29 PM

32gb ddr4 sticks will run out next...specially now that frustrated gpu miners cannot find those damn gpus in stores Cheesy

To be honest, I'm surprised that there is no hype about Filecoin yet, and I might not have been particularly interested in mining this coin if Protocol Labs hadn't been behind the development of the IPFS technology. Although the entry threshold is quite high, but by hearsay, the return on equipment is within 70 days, which is quite tempting. I heard about the $15,000 threshold + it is not known how many coins to buy (didn’t go into details yet).

It is not just the equipment but also the internet connection requirements are higher than the typical POW mining.

I think they are going for dapps too, i already speculated in the past that filecoin can be the next best thing. Forces miners to have 1pc = 1miner unlike the current gpu setup 1pc = up to x amount of gpu miner (pcie sockets)

1pc = 1 miner, how are you gonna asic that? --->economy

knowing that filecoin mining uses gpu, rams, ssd and cpu means it can do more stuff than ethereum.

in computer world analogy kind of way...

bitcoin = logic gates = like basic calculator

ethereum = microprocessor = like the 8080 for automation

filecoin = modern desktop = what can the modern desktop do? it can be the "world computer" like what vitalik buterin first envision for ethereum.

hellscreamer

jr. member

Activity: 47

Merit: 2

yes you need to invest miner & coins to mine 10 TB to get block reward and ROI otherwise don't bother. Specs are high

icopress

legendary

Activity: 1456

Merit: 5874

light_warrior ... 🕯️

Quote from: arielbit on February 04, 2021, 07:37:29 PM

32gb ddr4 sticks will run out next...specially now that frustrated gpu miners cannot find those damn gpus in stores Cheesy

To be honest, I'm surprised that there is no hype about Filecoin yet, and I might not have been particularly interested in mining this coin if Protocol Labs hadn't been behind the development of the IPFS technology. Although the entry threshold is quite high, but by hearsay, the return on equipment is within 70 days, which is quite tempting. I heard about the $15,000 threshold + it is not known how many coins to buy (didn’t go into details yet).

arielbit

legendary

Activity: 3388

Merit: 1059

32gb ddr4 sticks will run out next...specially now that frustrated gpu miners cannot find those damn gpus in stores Cheesy

icopress

legendary

Activity: 1456

Merit: 5874

light_warrior ... 🕯️

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, 07:02:28 PM

I might just actively participate here Wink

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

Eliovp

legendary

Activity: 1050

Merit: 1293

Huh?

Quote from: icopress on February 04, 2021, 06:41:12 PM

So, I didn't find a suitable thread regarding the discussion of Filecoin mining, so for this purpose I decided to use the old thread, (for obvious reasons). In the near future I will edit the OP, and formulate a list of questions of interest to me, (as there are gaps in the filecoin documentation). Do not hesitate to join the discussion, especially I will be glad to see those who have already started mining this coin here.

Hah!, someone who's looking beyond just deploying mining units (which is in terms of "difficulty rate" -> "My grandma can do it") for a quick ROI.

I might just actively participate here Wink

icopress

legendary

Activity: 1456

Merit: 5874

light_warrior ... 🕯️

Secondary links: filecoin/comment [1], Mining Hardware Specs [2], Mining Tooling Ideas [3], Mining Financial Analysis [4].

icopress

legendary

Activity: 1456

Merit: 5874

light_warrior ... 🕯️

Quote

Mine: https://docs.filecoin.io/mine/

The Filecoin project documentation homepage offers all the necessary resources to learn about Filecoin, the software and the tools to contribute to the network, either as a user looking for storage, or as a miner providing it.

Store data on Filecoin: https://docs.filecoin.io/store/

Storing data on Filecoin lets users harness the power of a distributed network and an open market served by thousands of different storage providers or miners.

Hardware requirements: https://docs.filecoin.io/mine/hardware-requirements/

Miners in the Filecoin network are in charge of storing, providing content and issuing new blocks. The above requirements will not increase in the presumable future, and money spent on hardware should provide users with many years of reliable service, paying for themselves several times over.

Useful Links

[1] Filecoin Ignite: https://ignite.fil.events/
[2] Filfox Explorer: https://filfox.info/en
[3] Official Forum: https://discuss.filecoin.io/
[4] Filfox Wallet: https://wallet.filfox.info/en

[5] Roadmap: https://app.instagantt.com/shared/s/1152992274307505/latest
[6] Github: https://github.com/filecoin-project/

I didn't find a suitable thread regarding the discussion of Filecoin mining, so for this purpose I decided to use the old thread, (for obvious reasons). Do not hesitate to join the discussion, especially I will be glad to see those who have already started mining this coin here, (as there are gaps in the filecoin doc).

Topic: 🌐 Ecosystem Filecoin l Mining Discussion (Read 1297 times)