When can Filecoin start mining (what coins does Filecoin mine)?
When can Filecoin start mining? When can Filecoin start mining?Filecoin\’s minin
When can Filecoin start mining? When can Filecoin start mining?
Filecoin’s mining mechanism is based on the size of the hard drive, allocated to users and storage space proportionally, with a reward of 10 Filecoin per block. If the maximum capacity of a sector reaches 10 million FIL, the sector will be destroyed and transferred to the black hole address (estimated within 3 months).
In order to prevent network overload and the inability to pay Gas fees from happening again, the official has set a specific time point, starting from 3:00 AM on August 15, 2020, for the snapshot. This time point means that all users participating in this event can divide a total of 200,000 FIL tokens based on their contribution.
What coins does Filecoin mine?
What coins does Filecoin mine? Currently, Filecoin is conducted through FIL tokens. The specific names of the mining machines are: Antminer S19 (such as Shenma M3, Xindong A4, etc.) and Ebang International G5 (Bitmain B2C).
According to the official introduction, storing data in the Filecoin network can be divided into three parts: mainnet blocks; data processing capabilities on subchains; the relationship between effective computing power and total circulation. After the mainnet goes live, a new fork coin FIL will be generated.
In addition to Bitcoin, Filecoin also supports other digital currencies, such as DEFI projects on Ethereum, decentralized exchanges, DeFi platforms, etc., but these currencies are not endorsed by any institution, they just need to go through some testing and verification. Additionally, for ordinary investors, it is recommended to use USDT or USDJ if they want to participate.
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