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https://www.filminer.co/blog/the-golden-shovel-of-filecoin-mining-era

1. New Track of Filecoin Mining

With the advent of the era of 5G, the Internet of things and big data, human data is growing rapidly at the rate of doubling every 18 months. The need to store these data, remove duplicate data and search has become increasingly important. A large market of several trillion dollars has been formed, which requires a safe, reliable and huge infrastructure.

At present, the most advanced and leading technology in this track is IPFS or Filecoin, which overcomes most of the weaknesses of data storage technologies such as a centralized database in the past. In particular, it provides data security to blockchain distributed nodes and achieves the self-control of data producers. Therefore, IPFS is known as the "file system that will never disappear".

The main network of Filecoin has been launched for three months, and the data stored on the whole network has exceeded 2EB, equivalent to 200 Google data.

Filecoin is a star project in the coin circle in 2020. According to the data from BlockVC, there are at least 200 to 300 Filecoin miner sellers in China, and the sales volume of several leading manufacturers even exceeds 1 billion yuan. The cost of the mining machine was blown to about 100000 yuan.

2. Pain Points of Filecoin Mining

Based on the development of Filecoin and the special mining mechanism, currently, FIL miners need to face many problems, such as mining machine performance, pledge currency, GAS fee, packaging hour, mining revenue distribution, mining machine life, computing contract cycle, etc., which make the selection of computing service providers and the protection of mining revenue difficult.

There are even following behaviors in the market. For example, the mining machine can't dig out the mine, the distribution of mining income is non-transparent, the return cycle is lengthened, and the computing contract cycle is shortened.

The lack of standards in the Filecoin mining industry has led to a decline in the reputation of the industry. At the same time, it has also blocked a lot of foreign funds from the market, which not only damages the interests of miners, but also greatly limits the development of the industry.

In addition, Filecoin miners put a lot of capital into the costs of mining machinery, pledge currency, GAS fee and so on, and the capital liquidity is greatly limited. In particular, most large-scale miners are faced with the problem of capital liquidity.

Can the large amount of computing power owned by large miners circulate in the secondary market to obtain better financial services? If miners can really trade their own computing power in the secondary market, will it create a new financial market based on FIL mining ecology?

Stocking up money is better than speculating money, and mining is the most stable and convenient way to obtain value assets at low cost. To do good work must first sharpen the tools. If Filecoin is a gold mine, SFIL is the gold shovel.

FIL MINER provides digital currency storage, crypto currency storage, crypto currency cold storage and etc. If you want to know filecoin coin price, contact us.