🌐 Ecosystem Filecoin l Discussion

[icopress]

So, Filecoin claims that their Decentralized Data Warehouse could partially reduce the load on the Ethereum blockchain. "The role of Filecoin in DeFi is already happening. The network has incorporated Infura’s developer API to allow programmers throughout the Ethereum ecosystem to easily integrate with the platform. Additionally, Filecoin is supported by The DeFi Bridge, which allows people to use FIL in the Ren VM." If anyone is interested, you can learn more about it here.

[1714927751]

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[1714927751]

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[hatough]

Hello, I am really new to all of this and have been looking to mine Filecoin.
It will probably cost me around 6k to get a 10th generation cpu with the 128Gb ram and around 48 Tib HDD with 2x2 Tib SDD, like you guys I still can’t figure out the return, but I have one major question, does your location affect your deals? I live far away from the US, but we have decent fiber connections here, did anyone of you guys go through with this and started mining?

[icopress]

I still can’t figure out the return, but I have one major question, does your location affect your deals? I live far away from the US, but we have decent fiber connections here.
 

I have not gone into details yet, since according to my calculations, it will take me about $ 15,000 to connect, but I have something to add .. As far as I know, the location does not play a special role if you have a stable connection, (and you are unlikely to need a redundant link for uninterrupted connectivity unless you plan to scale). In addition, you instantly receive only 25% of the mined coins, (the rest of the award is paid within six months). The only question I couldn't find an answer to is the FIL to hardware ratio, this is a kind of pledge by which you confirm the quality of your compute node.

[arielbit]

ddr5 is coming that can do 512gb per module. at x4 slots that's 2TB of ram vs 128gb for x4 slot ddr4 max capacity (32gb per module).

that's at least an x10 more...mining VMs with quad lan cards.

ddr5 is a major leap that can outclass current miners by a magnitude...helps with competition, eth gpu mining is x2 over the previous generation, ddr4 is x2 capacity over ddr3. it is like an algo that got asic'd or fpga'd by the next generation.

gpu miners are always shunned when time comes specially when a coin gets a big enough, or fpga'd or asic'd. now..how can you asic and fpga mining that is basically 1PC = 1miner? or in the near future 1VM = 1 miner?

i really hope filecoin do really well.

[icopress]

Some fresh news / Infrastructure and related projects / also updated info in OP

Digital MOB has launched the first version of their Filecoin Miner Reputation System, available now at Filrep.io. A reliable reputation system is crucial to the health of the Filecoin ecosystem. Storage clients must navigate a sea of storage miners to discover those who are the best match for their specific needs.

IPFSUnion announces an investment to build a large Industrial Park focused on Filecoin mining / A long-time tremendous supporter of the IPFS mission and ecosystem, IPFSUnion has established deep economic ties with tech companies in Asia — including Alibaba — to support the growth of decentralized technologies. Upon completion, it will be the largest IPFS- and Filecoin-distributed storage infrastructure project.

[icopress]

Guys I have a question ... Now for every TiB, there is 0.04 Fil per day. How much FIL/TiB need to be held in the current situation in order to join the mining process? On the Internet, you can find anything you like, including calculators and equipment setup details, etc, but I never came across even approximate figures on this issue, (Hodl FIL/TiB).

• I'll leave it here in case someone wants to understand the mechanics of the Filecoin block reward. ^{[https://ipfs.io/ipfs/QmPsGjMQ55WHG9tdocjP1u7y2FFLxZWBjCBHB3Msw3UTLR]}

[icopress]

Guys I have a question ... Now for every TiB, there is 0.04 Fil per day. How much FIL/TiB need to be held in the current situation in order to join the mining process?

Answering my own question ... and the question that has appeared in this thread more than once ... I found a simple calculator that displays the required collateral in real time in relation to 1TiB. At the moment, this number is varied at 6 FIL, which means if you have 100TiB (equipment for $ 12,000) you need a three-fold lock, equivalent to 600FIL ($ 36,000).

Frankly speaking, these are terrifying but real numbers, which actually throw payback for a year and a half and the minimum acceptable entry threshold is equal to $ 50,000. In case anyone is interested ... everything fell into place when I rummaged a little in the specifications / Clause 2.6.3.

[icopress]

According to the news, Filecoin storage is expanding rapidly ... "The global community of Filecoin storage providers has dedicated over 10(EiB) of decentralized storage capacity to the FIL network. 10EiB is equivalent to 190 Internet Archives, 45,000 Wiki, and 6,850,000 years worth of video calls". But no matter how good it sounds, the minimum entry threshold remains VERY high, (the min required FIL volume has decreased and is now 580FIL*$80 = $46k).

Answering my own question ... and the question that has appeared in this thread more than once ... I found a simple calculator that displays the required collateral in real time in relation to 1TiB. At the moment, this number is varied at 6 FIL, which means if you have 100TiB (equipment for $ 12,000) you need a three-fold lock, equivalent to 600FIL ($ 36,000).

Frankly speaking, these are terrifying but real numbers, which actually throw payback for a year and a half and the minimum acceptable entry threshold is equal to $ 50,000. In case anyone is interested ... everything fell into place when I rummaged a little in the specifications / Clause 2.6.3.

[icopress]

According to the news, Filecoin storage is expanding rapidly ... "The global community of Filecoin storage providers has dedicated over 10(EiB) of decentralized storage capacity to the FIL network. 10EiB is equivalent to 190 Internet Archives, 45,000 Wiki, and 6,850,000 years worth of video calls". But no matter how good it sounds, the minimum entry threshold remains VERY high, (the min required FIL volume has decreased and is now 580FIL*$80 = $46k).

So, in three weeks the storage volume increased by 14%, but whether it is full is another question ... By the way, the minimum entry threshold for participation in mining has dropped to $ 38,000, which is, as it were, an order of magnitude less, but still, unfortunately, not a little. So far, there is no particular news, some conferences and hackathons together with other projects, so that's all ..

There is mention of the opening of the MoNa NFT gallery but I will not go into details as everyone is already tired of this overpriced market. 

[adiwibowosakti]

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

[miner29]

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

You also need $38,000 needed to play?

See post above yours.

[icopress]

You also need $38,000 needed to play?

See post above yours.

It's not just a big threshold of entry ... it's also a matter of time, since you have to wait until your vaults are full. I have not asked this question for a long time, but a couple of months ago the payback was about 14 months due to a rather long filling process, (I hope I have not confused anything).

[icopress]

Pretty good news for Filecoin mining fans  

After the last bearish jump, the FIL cost has dropped to $ 40 and the cost of securing one terabyte of power has dropped to 4,72 FIL, (Total Cost Of Sealing Sector). Thus, the minimum entry threshold has significantly decreased and is only $18,000 + equipment (min amount of FILs  for 100TiB / 472FIL * 40).

Answering my own question ... and the question that has appeared in this thread more than once ... I found a simple calculator that displays the required collateral in real time in relation to 1TiB. At the moment, this number is varied at 6 FIL, which means if you have 100TiB (equipment for $ 12,000) you need a three-fold lock, equivalent to 600FIL ($ 36,000).

Frankly speaking, these are terrifying but real numbers, which actually throw payback for a year and a half and the minimum acceptable entry threshold is equal to $ 50,000. In case anyone is interested ... everything fell into place when I rummaged a little in the specifications / Clause 2.6.3.

By the way, [here] you will find infographics on projects that joined the Filecoin ecosystem in 2021.  

[casparthefriendly]

Count me in. I'm looking into this as well.
Edit: Sh*T Just Saw that Dollars Entry Cost... $38,000...Dammit!

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  

[icopress]

Found some interesting tools for Filecoin fans.

Filecoin Storage Provider Reputation Dashboard: provides actor-level activity analysis to generate reputation scores. This helps you find a trustworthy SP to store your valuable data.

Filecoin Network Health Dashboard: Using the Dashboard, users can easily gain access to key insights regarding the health of the Filecoin network. The Dashboard includes data on network storage capacity, circulating supplies, scheduled data expirations and more.

Filecoin ROI Calculator: the ROI calculator helps users determine the profitability of providing storage on the Filecoin network to help current and future storage providers make informed decisions before investing in equipment.

- https://www.reddit.com/r/filecoin/comments/uqykkp/filecoin_spotlight_starboard_ventures/
- https://tradingview.com/chart/FILUSDT/ZsGAuHEE-fil-usdt-moj-favorit-na-otskok/

In addition, the RSI indicators are at an all-time low. With ATH, the price dropped by 97% after being in a downtrend for 400 days. Now is the best time to enter if you are planning to replenish your FIL reserves in order to start mining this coin in the future.

[icopress]

In addition, the RSI indicators are at an all-time low. With ATH, the price dropped by 97% after being in a downtrend for 400 days. Now is the best time to enter if you are planning to replenish your FIL reserves in order to start mining this coin in the future.

On the daily chart, I can see the price of FIL is falling and ADL is rising, indicating that there is huge buying pressure, but the price is still falling.

How can this be? ^{[I would appreciate a detailed answer]}

This can be logically explained, but I do not have enough data to do this. Does anyone know the FIL reserves in the pockets of investment companies? And periods of defrosting purchased coins. I don't believe that miners can constantly move the price down, as Filecoin is a huge project with a rich history.

[OgNasty]

In addition, the RSI indicators are at an all-time low. With ATH, the price dropped by 97% after being in a downtrend for 400 days. Now is the best time to enter if you are planning to replenish your FIL reserves in order to start mining this coin in the future.

On the daily chart, I can see the price of FIL is falling and ADL is rising, indicating that there is huge buying pressure, but the price is still falling.

How can this be? ^{[I would appreciate a detailed answer]}

This can be logically explained, but I do not have enough data to do this. Does anyone know the FIL reserves in the pockets of investment companies? And periods of defrosting purchased coins. I don't believe that miners can constantly move the price down, as Filecoin is a huge project with a rich history.

Filecoin seems to be on a race to the bottom.  I don't see any signs of that stopping.  I'm not familiar enough with it to know the details of how it's mined, but I'm aware there are plenty of sites offering large % returns to hold it...  That's not the best sign for an investment, that previous investors are getting handed tons of new coins for free to dump, and I think the market has shown what happens when this is the distribution plan.  The thing about an asset falling 97% is that it can always still fall another 97%.

[icopress]

God, the first mega-impulse in 15 months, I was sweating when I saw it.

The fact of the matter is that this asset has had insane growth with in a 48 hour cycle... on the weekend mind you

[icopress]

Bump

[icopress]

I'm confused.

- Firstly, as far as I know, when mining FIL, any equipment will start working at 100% only after the expiration of time (six months or a year).
- Secondly, for mining you need to have a fairly large FIL reserve, so I don’t quite understand how you can receive a reward immediately after buying.

Crypto mining machine manufacturer Bitmain is venturing into the Filecoin mining field for the first time, offering a new model that's priced at $38,888 per unit. The machines come with a hash rate of 4,300T, and users can host them at the Bitmain-associated Antpool mining pool platform to begin earning rewards right after purchase.