FILECOIN, biggest ico ever!

[Freebieindia]

so now filecoin is trading and is not near its ICO price. Good goods made for ICO investors. But it got dumped hard from approx 270$ to 33. The main problem was, it was overhyped and thus was over priced. Price looks good now but i think there is still room for more dump and specially in case of any bitcoin volatility. Lets see how it goes.

[Buttermellow]

so now filecoin is trading and is not near its ICO price. Good goods made for ICO investors. But it got dumped hard from approx 270$ to 33. The main problem was, it was overhyped and thus was over priced. Price looks good now but i think there is still room for more dump and specially in case of any bitcoin volatility. Lets see how it goes.

This is a sad scenario for all who had done investing in ICO. No one can actually tell what the project will went through despite the management of the coins always promising to its community a good result. But this is just a normal scenario to where after get good market price increase suddenly they get dumped. So, now investors had learn their lesson and we cannot deny that some of them are already done or quiting cryptocurrency investment.

[Daltonik]

For FilCoin in addition to the launch of the network so far, then there is no good news, and now FilCoin miners went on strike the reason was the disagreement of the miners with the economic model FilCoin on Saturday October 17, five FIL of the largest miners suspended work at Zhihu Cloud of 8000 units worked only 276 units of storage, still have 4 major miners power has fallen to 0. The fact that the reward for mining in the network FIL rasplachivaetsya linearly for 180 days, and to start mining a Deposit must be paid in tokens FIL, and as it is believed that the overvalued token, many don't want to risk the others just not have the funds as they were acquired before mining hardware FIL. As stated by ST Cloud CEO Chuhan Lai:"all our miners are stopped after the launch of the FIL network, this is not some kind of protest, we just do not have tokens to provide mining"
After this turn of events, Filcoin developers said that they decided to release 25% of tokens to reward miners immediately after the block was created.

[Michael Andrew]

where is this information at?

[Daltonik]

where is this information at?

Information can be found here: https://www.8btc.com/article/657293
developers are already actively refuting these reports, pointing out that the FileCoin network has not experienced power losses and miners are earning tons of money, as stated in Twitter CEO of Protocol Labs Juan Benet  https://twitter.com/juanbenet/status/1318219184254324737

Benet explained the slowdown in the growth rate of the network's power by saying that the collateral in FIL tokens is provided by miners. Previously, developers recommended that miners reduce their power or take a pause to match the flow of tokens, said the head of Protocol Labs. https://twitter.com/juanbenet/status/1318221758198018049

Also according to his reports the FileCoin project is working to reduce the cost of entry to attract new miners. https://twitter.com/juanbenet/status/1318223481478115328

[bobyhodob]

where is this information at?

Information can be found here: https://www.8btc.com/article/657293
developers are already actively refuting these reports, pointing out that the FileCoin network has not experienced power losses and miners are earning tons of money, as stated in Twitter CEO of Protocol Labs Juan Benet  https://twitter.com/juanbenet/status/1318219184254324737

Benet explained the slowdown in the growth rate of the network's power by saying that the collateral in FIL tokens is provided by miners. Previously, developers recommended that miners reduce their power or take a pause to match the flow of tokens, said the head of Protocol Labs. https://twitter.com/juanbenet/status/1318221758198018049

Also according to his reports the FileCoin project is working to reduce the cost of entry to attract new miners. https://twitter.com/juanbenet/status/1318223481478115328

It should have been if there was such a clarification it could give rise to prices, it's just that there might be a cloud of atmosphere that makes filecoin miners scared and ultimately has a negative impact on the price of filecoin on the exchange.

[Michael Andrew]

where is this information at?

Information can be found here: https://www.8btc.com/article/657293
developers are already actively refuting these reports, pointing out that the FileCoin network has not experienced power losses and miners are earning tons of money, as stated in Twitter CEO of Protocol Labs Juan Benet  https://twitter.com/juanbenet/status/1318219184254324737

Benet explained the slowdown in the growth rate of the network's power by saying that the collateral in FIL tokens is provided by miners. Previously, developers recommended that miners reduce their power or take a pause to match the flow of tokens, said the head of Protocol Labs. https://twitter.com/juanbenet/status/1318221758198018049

Also according to his reports the FileCoin project is working to reduce the cost of entry to attract new miners. https://twitter.com/juanbenet/status/1318223481478115328

It should have been if there was such a clarification it could give rise to prices, it's just that there might be a cloud of atmosphere that makes filecoin miners scared and ultimately has a negative impact on the price of filecoin on the exchange.

thank you both for the info!

[South Park]

Yeah, from its price you can find out how big it was, price in private sale was 5$ and now trading about 70$ in exchanges, It was something like uniswap , most of the exchanges added it and are encouraging people to invest in it and bring volume to their exchange.

This is important, exchanges are not on the business of helping their clients to make money, they are on the business of charging fees and for that they need their clients to trade and make movements on their platform, they do not care about your losses and your wins, you are the only one that does so, why am I mentioning this? Because when people lose their money they blame the exchange, they blame the fact they promoted a coin on their platform and they decided to invest in that coin and lost everything, remember it is our job to take care of our money and if we do not do it then no one will.

[disconnectme]

Yes, biggest ICO ever but will end up being the biggest legalised cam in the history of Crypto, the who drama around the project is just unveiling and I would advice people not to buy the coin because it can only go one side and that is down and this would make Zcash dump a child play. Some people have invested more than $100 million into the mining gear and when you see their daily returns you will smile, some are making $50 per day on $100 million investment

[seoincorporation]

where is this information at?

Information can be found here: https://www.8btc.com/article/657293
developers are already actively refuting these reports, pointing out that the FileCoin network has not experienced power losses and miners are earning tons of money, as stated in Twitter CEO of Protocol Labs Juan Benet  https://twitter.com/juanbenet/status/1318219184254324737

Benet explained the slowdown in the growth rate of the network's power by saying that the collateral in FIL tokens is provided by miners. Previously, developers recommended that miners reduce their power or take a pause to match the flow of tokens, said the head of Protocol Labs. https://twitter.com/juanbenet/status/1318221758198018049

Also according to his reports the FileCoin project is working to reduce the cost of entry to attract new miners. https://twitter.com/juanbenet/status/1318223481478115328

Woha, some miners are making a big profit by mining this coin:

Top miner:    11K FIL * $32 = $352,000 / day

$1 million in 3 days is a serious business, i will invest more about the way to mine it, maybe worth a shot. If I'm not wrong it's done with hard disk drives, so I will read more about it.

[BayAngelo]

There are reports that the project requires costly hardware for miners. making it very hard for people interested in mining the token. the market price is gradually dropping and it might affect the project currently. we are yet to see storage projects regain their full strength in crypto. it might be hard to come back but we as it stands.

[Daltonik]

Ethereum Studio ConsenSys has announced a collaboration with Protocol Labs, which is behind the development of a decentralized platform for storing Filecoin data https://twitter.com/Consensys/status/1318972846589214722  The result will be the integration of the new project with ConsenSys products, including Infura and MetaMask. ConsenSys noted that by storing data in Filecoin, applications on Ethereum will become fully decentralized.

[Daltonik]

Woha, some miners are making a big profit by mining this coin:

Top miner:    11K FIL * $32 = $352,000 / day

$1 million in 3 days is a serious business, i will invest more about the way to mine it, maybe worth a shot. If I'm not wrong it's done with hard disk drives, so I will read more about it.

I don't think it's that simple Twitter user @NicoDeva is sure, even after deciding that the math still doesn't add up. According to his calculations, even with the decision to give out 25% of the reward at once, the daily earnings of a miner in FIL tokens will be only $6. The cost of one 6block F3 FIL miner is from $20,000 to $40,000 (including hosting and maintenance), which is caused by high requirements for RAM least 128 GB per machine. That is, it will take more than 10 years to pay back the miner in the basic configuration, and even more with the cost of electricity and personnel. https://twitter.com/NicoDeva_/status/1317689811046522880
And the figures you provided are data for the largest miner of the FileCoin network and the cost of this equipment is $16 million and it really receives revenue as of October 20  10,800 FIL ($324,000) and it now takes 2 months to pay back. Although the process of awarding Filecoin blocks is stretched for six months.

[Daltonik]

FileCoin miners started receiving 25% rewards for a block immediately after it was mined. Filecoin miners who installed the new software started receiving 25% of the block reward immediately after it was mined. This is reported by The Block The FIP-004 solution was activated on Thursday, October 22, at the 170,000 block. Before adding it, the developers recommended installing the Lotus 1.1.0 software to anyone who wants to continue to participate in the support of a decentralized network for data storage. In the FileCoin network, 143,087 FIL were issued per day. The block reward is 11.1378 FIL

[fentanyl08]

$22 already. Has the price hit the bottom yet

[seoincorporation]

$22 already. Has the price hit the bottom yet

Well, right now is on $32, it's having a nice bump so worth to have an eye on it. Not is listed in important exchanges so, the prize should go up for some months before the dump. We can be sure it will dump because there will be a total of 200M coins.

[Febo]

i bought this coin at 65 thinking the price will go up because some people got fomoed and hype but i am wrong  price plummet and hit my stop loss at 60. Never enter again unless the price will go to ico price or less and have a good feedback come from fil miners because according to news fil under threat because of miners crisis.

Not sure how you could thought that. Cant you see that there is
Circulating Supply 22.030.603 FIL
Max Supply 2.000.000.000 FIL

There is only 1% trading. 99% are still to food market. Price will go down a lot more. 

[suparigach]

Filecoin has performed better than other ICO tokens.

[bussybuddy]

Filecoin does have good potential going forward, prices on the exchange are currently quite high. Listed on 35 exchanges. But after the ICO is over, of course there will be price changes, drops. However I think it will get better soon even though the price drops.

Agreeing with you about the potential of the project is undisputed, the evidence of what the project has happened in the past time is still difficult. Since all we've seen potential is a pump and dump process, but I think things need to cool down.

[Ayiranorea]

In terms of market capital according to coinmarketcap it has come under the top 25 number of cryptocurrencies. This is quite evident about the growth it has attained. This is an universal concept which is something a needful thing, because storage space buying is simply a big thing and security is much more concerned. If filecoin provides both, it'll be a big success.