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What is the situation of locking mining machines in mining pools (Fil mining pool)

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What is the situation of locking mining machines in mining pools? What is the c

What is the situation of locking mining machines in mining pools (Fil mining pool)

What is the situation of locking mining machines in mining pools? What is the cost and efficiency of mining? How is mining revenue obtained? In many cases, mining revenue can be proportionally distributed among all users. However, under certain conditions, some users may choose not to allow the mining pool to use their mining power for mining. This is actually a very typical problem. Due to the fact that the mining pool executes tasks through its own controlled hardware, the mining pool can only take certain measures to protect its interests based on the selected time, amount, and device type of these machines.

The mining pool provides this service for those who have the capability, and it can obtain profits and guarantee their business development. When miners enter this industry, it is difficult to achieve such high prices without sufficient technical expertise and operational experience to maintain the operation of the entire mining farm. As more and more customers enter, the mining pool also begins to open this channel to more people to meet the trading needs of users. But that is not the case now. Because the development speed of the mining industry is much faster than the growth rate of the Bitcoin mining industry-the scale of the mining industry continues to expand, and the mining difficulty is also increasing. For some small coins, even if the price fluctuates, the number of coins mined still maintains a steady growth rate. Therefore, people in the mining circle generally believe that “mining” itself is a profitable way that can help miners increase their income while reducing risks. “Mining” requires a large amount of electrical resources, and mining pools usually have “mining machines” specially designed for specific groups, such as Bitmain’s S9, etc.

Fil mining pool

The Filecoin mainnet will be launched on October 15, 2020. Currently, the total computing power of Filecoin’s network exceeds 100PiB, and the total pledge amount is close to 5 billion FIL coins.

Filecoin is the incentive layer of IPFS, and it has built a decentralized storage market on IPFS through a token incentive mechanism. Filecoin uses token mechanism to ensure the rights and benefits of storage providers, as well as the security and effectiveness of the storage network. At the same time, Filecoin also uses blockchain technology to make data storage more secure, trustworthy, and promote the development of distributed applications.

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