#Filecoinmining

[amelia111222-blog]

What is Filecoin & Cloud Mining?

Mining

In the course of recent years, cryptocurrencies like Bitcoin have been discreetly developing in popularity, with an ever-bigger number of people purchasing and selling them. Presently that Bitcoin has hit the mainstream and become a worldwide phenomenon, more individuals than ever are hoping to get into the digital currency game.

Mining is a process of adding transaction records to Bitcoin’s public ledger called the Blockchain. It exists so that every transaction can be confirmed, and every single user of the network can access this ledger. It is also used to distinguish legitimate Bitcoin transactions from attempts of re-spending money that has already been spent somewhere else.

However, the creation of cryptocurrency is nothing similar to that of regular money. There's no focal authority that issues new notes; rather, bitcoins ( or any of the other alleged 'alt-coins') are generated through a procedure known as 'mining'. So what is cryptocurrency mining, and how does it work?

Mining new blocks

As there is no central bank or central authority, there has to be a way of collecting every transaction carried out with crypto in order to generate a new block. Network nodes that carry out this process called “miners”. Every time a lot of transactions are amassed into a block, this is added to the blockchain. Whoever adds the block gets rewarded with some of that cryptocurrency.

In order to avoid the devaluation of the currency by miners generating lots of blocks, the task is made harder to conduct. This is done by forming miners to solve complicated mathematical problems called proof of work.

Hashes Calculation

To successfully create a block, it must be followed by a cryptographic hash that fulfills certain requirements. The only best way to arrive at a hash matching the right criteria is to simple calculation and wait until you get a matching hash. When the correct hash is accessible, a new block is formed and the miner that found it is awarded units of cryptocurrency. 

Just consider it as a competition where you have to guess the weight of the box- only you get unlimited guesses, and the first one to submit a right answer wins. Whoever can make guesses at the fastest rate has the highest chance of winning.

What is Filecoin & Cloud Mining?

Filecoin mining pool  is a method of bitcoin mining using a remote datacenter with shared processing power. This type of cloud mining allows users to mine bitcoins or alternative cryptocurrencies without managing the hardware. All these mining rings are maintained and housed in a facility owned by a mining company and the customer simply needs to register and purchase mining contracts. 

 Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. Miners earn the native protocol token (also called “filecoin”) by providing data storage and/or retrieval. Conversely, clients pay miners to store or distribute data and to retrieve it. “Filecoin” can refer to a) the network, b) the protocol, c) the token powering the network, and d) the project.

Advantages of Cloud Mining

No need for space

Less cost of electricity

No requirements for hardware/software/technical experience

Instant connection

24/7 uptime

No Pre-ordered mining hardware that may not be delivered on time

Disadvantages of Cloud Mining

No fun! If you like building your own mining systems.

Cloud mining services cost high expenses

[cloud-rush-en]

In the real capital market, the research value is very meaningful.💰💰💰 

 Filecoin has become a meaningful project with real application. 💻💻💻 

 It benefits Internet users all over the world. 🌎🌎🌎 

 Joining Cloud Rush makes you feel the value of filecoin.💪💪💪 

[cryptofighter94]

How Filecoin is up 50% in a week and could take more profits After a week of significant gains, Filecoin (FIL) is shaping up to become one of the biggest earning cryptocurrencies of the month. Journalist Colin Wu has recorded increasing interest in the cryptocurrency and its file-sharing platform: Filecoin surpassed $100, benefiting a large number of Chinese miners and investors. Reasons: the first investor token will be released over, Coinbase launched new storage tokens, the dual mining test of Filecoin and LPT started, the cooperation between Filecoin and LINK, etc. (…) A lot of Chinese funds are entering this industry. Grayscale announcement and Chainlink’s partnership With an annualized fee of 2.5% and $1.3 million in assets under management, investment firm Grayscale announced its Filecoin-based trust. The firm’s product will hold 16,000 outstanding shares that will be worth 0.99 FIL per share. Another announcement around Filecoin that has positively impacted its price was consolidated with Chainlink. The cooperation will allow Filecoin’s integration with Chainlink’s oracle service to form “a bi-directional connection”: As a result, smart contract developers will have a full Web 3.0 infrastructure stack including blockchains for on-chain logic and state changes, Chainlink oracles for off-chain communication and computation, and Filecoin for decentralized storage and data solutions. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #filecoin #filecoinmining #filecoinfutures #file https://www.instagram.com/p/CM6DlgTA5fH/?igshid=plubdhevk1g

[cloud-rush-en]

Four rights and interests of Cloud Rush dealers: rich promotion rewards, too many mining pools, rich weighted dividends, and opening their own operation center. Cloud Rush is waiting for you to join us! 

[cloud-rush-en]

Cloud Rush provides 1-to-1 product introduction and scheme guidance to assist customers in scheme planning and demand analysis, so as to maximize the comprehensive economic benefits of customers' investment.

[cryptofighter94]

FILECOIN ANALYSIS FIL/USD Filecoin’s FIL token is in a strong uptrend. After its sharp rally on March 16 and 17, short-term traders seem to have booked profits, which has resulted in a minor correction on March 18. However, the shallow pullback is a positive sign as it shows that the majority of the traders are not rushing to the exit. The bulls are attempting to keep the FIL/USD pair above $73.79, which is just below the 38.2% Fibonacci retracement level at $75.74. If the bulls succeed, the pair could again rise to $96.66. A breakout and close above this resistance could start the next leg of the uptrend, which could reach $128.55. On the contrary, if the bears sink the price below $73.79, the pair could drop to the 20-day EMA ($59.95). A strong rebound off this support will indicate that the trend remains positive but a break below it will suggest a short-term top may be in place. The rebound off the $73.79 support indicates strong demand at lower levels. However, the bears are not relenting as they are aggressively defending the $86 level. If the bears sink the price below the 20-EMA, the pair could again drop to $73.79. A break below this level will suggest advantage to the bears. Alternatively, if the pair rebounds off $73.79, it may extend its stay inside the range for a few more days. The flattening 20-EMA and the gradually weakening RSI also point to a possible consolidation. A break above $86 could signal resumption of the uptrend. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #filecoin #filecoinmining #filecoinfutures #nftcoin #nftcoins #nfts #nft #altcoinfeeds #altcoiner #altcoinarmy #altcoindaily #altcoin #altcoingenius #altcoininvesting #altcointrading #altcoinnews #altcointrader #altcoinfinale https://www.instagram.com/p/CMtc4FcAfRm/?igshid=1t5dyj7juzaod