This article will let you know how to mine Filecoin! What are the benefits?

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The fil coin mainnet was launched on October 15, 2020. Now is the best time to mine the first mine. At the same time, the market has risen sharply in the bull market, attracting the attention of many miners. Many people may not know much about fil coins. What is fil coin? How to mine it? What is the profit? And how much does it cost to mine fil coins? This article will explain the relevant issues.

1. What is fil coin?

Filecoin is an incentive mechanism in the Internet's underlying transmission protocol IPFS. In the IPFS network, there are many data nodes consisting of storage hard disks. These nodes are linked together to form a distributed mesh file storage and transmission system. Whenever a node's hard disk stores data, it will receive a certain reward, which is filecoin, or fil coin.

IPFS is a global, peer-to-peer distributed version file system, which is an underlying Internet protocol. The current Internet hypertext transfer protocol is "HTTP", which is the four letters at the beginning of many URLs. It has been used for more than 30 years. With the advent of the big data era, "HTTP" seems a bit outdated. The goal of IPFS is to supplement or even replace the hypertext transfer protocol (HTTP) that currently dominates the Internet.

Take the model started by Didi Express as an example. Private cars are the node hard disks that are contributed. In the early stage, due to the limited number of users, the Didi platform will burn money to subsidize drivers and encourage private cars to accept orders. Filecoin is the official reward given to nodes composed of hard disks storing data in the early stage of the IPFS project. When the system is widely used, users will pay for the node fees.

The total issuance of Filecoin is 2 billion, with a six-year decay mechanism. According to the official settings of the project, the distribution plan consists of 6 parts:

2. How to mine Fil coins? How to calculate the amount of coins produced

There are three key things you cannot ignore if you want to obtain FIL coins through mining.

1. Hardware conditions, requiring a larger storage mining machine

The mining mechanism of Filecoin is very complicated, because Filecoin mining has proof of replication and proof of time and space, involving calculation, data encapsulation, block packaging, etc. In July 2020, Filecoin officially released a mining guide stating that the higher the computing power capacity of the Filecoin mining machine, the more conducive it is to obtain mining coins.

When a new mining machine is put on the shelf, it needs to be filled with data, which will consume a certain amount of fil coins, called gas fuel fees. Usually, the length of the packaging period is related to whether the gas fee is sufficient. When the gas fee is sufficient, the packaging will be faster. Usually, a 192T mining machine takes about 3 months to fully gas-pack. When the packaging is completed, the mining machine's computing power will reach its peak.

2. Network conditions, a stable static IP address is required

Another requirement for Filcoin mining is network speed. In the IPFS distributed network, each node needs to continuously respond to network inquiries. If the network is unstable, it may affect the node response, thus punishing the system penalty mechanism, which may result in the confiscation of pledged coins or zero computing power, so a stable IP address is critical.

3. Linear release mechanism

Linear release means that 25% of the coins produced by the mining machine in one day are directly obtained by the miners, and the remaining 75% are released linearly within 180 days. The motivation of the project official to set up this mechanism is to encourage long-term cooperation and not optimistic about short-term speculation, so as to maintain the health and stability of the filecoin market and escort the future development of the IPFS network.

3. How to calculate the income of fil coins?

The income from Fil coin mining is related to many factors. According to official settings, miners have three ways to obtain income: block packaging rewards, data storage income, and retrieval income. At present, mining by mining machines is mainly for block packaging rewards, which are proportional to the effective storage of miners. This part of the reward is equivalent to the subsidy that Didi gave to drivers in the early stage of development, and it is the main source of income for early miners. If the IPFS network becomes popular in the future, the users who store data will pay the fees, just like Didi.

According to the official data of Protocol Labs, in the first year after the mainnet was launched, an average of about 418,000 fils were issued every day as block packaging rewards for miners. In the early days, due to the small number of miners entering the market, there were too many miners and too few miners. Each mining machine can mine more coins more easily. As more and more miners enter the market, the price of coins may rise, and the difficulty of mining will increase.

According to the market conditions as of March 16, 2021, one fil coin is worth about $52. A 192T mining machine with full computing power can bring miners about 8-9 fil coins a day, which means a daily income of about $400-450. (Since the coin price is not a fixed value, the specific income is based on the coin price on that day)

4. How to invest in mining fil coins?

Investing in fil coin mining, miners' main inputs are

1 Mining machine costs, market prices vary

2. Mining machine hosting fees. The hosting fees for mining machines of different capacities are different.

3. Mining machine operation and maintenance fee, generally 20% of the fil coins mined by the mining machine;

4. The initial pledge coin fee is different and the mining machine fee is different;

5. Mining machine gas fuel fee, which is a fluctuating value.

5. When choosing filecoin mining, you need to consider three key points

1 Hardware server, with its own IDC room, mining pool or mining farm;

2. Blockchain network environment, including computer room construction, preferably an IDC computer room;

3. Software technology and operation and maintenance capabilities. It is best to have a professional operation and maintenance team with strong technical capabilities.

It is not too late to enter the market now. If you need to mine, you should arrange it early or you will miss it.

The advantages of HashBee are as follows:

Platform introduction: It was launched in November 2018 and has 700,000 registered users and accumulated sales of more than 3 billion yuan

Headquarters: Shanghai Headquarters: No. 515, Qifan Road, Pudong New Area, Senlan Meihuan 1512 Branch: Changsha and Hefei have companies. Welcome to visit

Event: 1. The first mining farm tour in China (pioneer)

2. At the end of 2019, we signed a 100 million yuan mining machine order with Xindong manufacturer

3. Support real-time monitoring of Bitcoin and Ethereum mines

4. Support to connect with the mine staff to watch the mine, etc.

Platform official website: suanlifenggw.com   (Click on the official website to view the mining field video, etc.)

Choosing a company is very important. There is no free lunch in the world. There are many scams under the guise of blockchain.

The common mode is that the profit is far below the cost price. It is impossible to get a refund after mining.

There is no such thing as a pie in the sky, only traps. The wool comes from the sheep. It is important to choose a formal company.

1. The current machine costs and output are transparent and can be checked on the entire network. When you encounter a price far below the market price, you should be careful.

2. High returns (low returns and super high returns) and promise that the profits after mining will belong to you and the principal will be returned after mining (will we get such a good thing?)

3. Mining some unknown air coins to attract people (there are no actual mining machines and no online exchanges, which are actually artificially issued coins)

4. Summary: There is no free lunch in the world. Wake up, young man. How could it be possible that only you and I know about such a good thing?

In fact, who can tell whether a company is a Ponzi scheme or a scam? It is mostly human greed. Everyone thinks they can run fast.

Little do people know that out of 100 people, only a few can escape. Sooner or later, they will fall into it. Let's encourage each other!

1. Choose a company and see how long it has been operating and whether it has an entity

2. Company’s operating years

3. For FIL, you can look at the company’s nodes. It is easy to see how much computing power and staked coins the company has.

The following nodes of our company have staked more than 40 million RMB per node, not counting the computing power cost.

IPFS: Node Number

1. Account f097386 SW-MinerHub

2. Account f0134682 HashBee2-SW-MinerHub

3. Account f0149765 HashBee3-SW-MinerHub

4. Account f0134006 HashBee-NM-1

5. Account f0159632 HashBee-NM-2

Registration address: http://api.suanlifeng.com/wap/invite/63378559/92c3a4e896f4ad93315a1828b5c0b913

Scan the QR code to register, and you will be automatically redirected to the APP download page after registration:

Currently the company supports mining: Bitcoin Ethereum IPFS/FIL coin. If you want to know the layout, you can add the following

Professional miner Xiaoxin consultation: lz1005zc (welcome to copy and add consultation)

(Not the Do Not Disturb account registered under our name)