Filecoin was launched on October 15th. The project that has been waiting for many years is finally launched. At present, in addition to the attention of various miners, more investors are pouring their energy. Compared with Bitcoin, Filecoin is also a blockchain project, which also produces digital currency through mining.
There is a news about Bitcoin before that there was a teacher in a college who bought a personal mining machine and installed it in the school for mining. In the end, it was discovered because the store was too expensive, and it was finally locked in for 3 years. When it came out Discovery has become a billionaire. This news shows that Bitcoin can be mined at home by purchasing a mining machine.
Does that mean Filecoin can also be mined at home? The answer is really too much! To know whether Filecoin can mine at home, we must first figure out what are the requirements for Filecoin mining, and what other factors are required in addition to hardware.
The essence of Filecoin mining is that miners obtain block rewards by providing storage space to the network, so not only hardware is needed, but also a lot of storage capacity. In the current market, even the largest storage computer equipment, its storage capacity will not exceed 2T, even if these capacities can be all effective computing power, the probability of obtaining block rewards is very slim.
In addition to the hardware, the Filecoin network has a unique pledge mechanism, and it is also pre-stake, which means that you personally need to invest a certain amount of pledge coins in the process of using the home mining machine; and once the home is disconnected In the case of pre-staking, the pledged coins will be punished by the system.
Since Filecoin mining competes with all miners on the network for block rewards, it has strict requirements on network bandwidth, but the current family network bandwidth is only about 10M, which is far from enough for Filecoin mining. Because the bandwidth of general mining pools is around 10G, in contrast, the two are not in a competitive dimension at all.
As everyone knows from the above content of this article, household personal mining machine mining may work in Bitcoin mining, but it is impossible in Filecoin mining. If you want to solve the above problems, the cost will be more than Your investment in pool mining is even higher.
So if you want to participate in the Filecoin project, in addition to buying FIL spot in the secondary market, participating in mining pool mining is almost an inevitable choice.