🌐 Ecosystem Filecoin l Discussion

[icopress]

• 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).

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[icopress]

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

[Eliovp]

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 

[icopress]

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.

I might just actively participate here 

Great, now there are two of us at this party 

[arielbit]

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

[icopress]

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

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).

[hellscreamer]

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

[arielbit]

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

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.

[icopress]

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]

[Ardvark69]

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  

[icopress]

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?

[chohav]

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 
Is anybody else here planning on building a physical rig or you are all looking thinking of a cloud mining?
Cheers

[philipma1957]

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]

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?

[arielbit]

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 

[amags]

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

[icopress]

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.

[Ardvark69]

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]

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/

[btcxz]

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