1 year ago
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Filecoin mining machine released
Bitmain, a major crypto asset (virtual currency) mining equipment, announced on the 20th that it will release a mining machine for Filecoin (FIL) for the first time. On sale on the 21st, it will be about 5.45 million yen ($38,888) per unit.
BITMAIN is launching $FIL miner
38,888/unit 
4,300T/unit
One-stop service: mine w/ BITMAIN and host w/ @AntPoolofficial Delegated staking service fee rate as LOW as 0.5% per month Earn 
RIGHT AWAY
Sales will start on July 21, 10AM (EST)
Mark your calendar pic.twitter.com/HGrkgkCgtZ
— BITMAIN (@BITMAINtech) July 20, 2023
The hashrate (mining speed) of this machine is 4,300 terahashes per second. Terahash is the ability to perform 1 trillion calculations per second.
In addition, users will be able to connect their machines to the Antpool mining pool linked to Bitmain and earn rewards immediately after purchase.
Bitmain also offers optional staking services to buyers. It is possible to use the Filecoin staking service with a low monthly fee of 0.5%.
What is a mining pool
An organized server created to collect the hash power of each miner and cooperate in mining. A mechanism in which multiple miners cooperate in mining in order to gain an advantage in the mining business, where scale is important. Rewards are paid according to the degree of mining contribution.
Cryptocurrency Glossary
SEC considers FIL to be a security
Bitmain has a large customer base in the U.S., but it was revealed in May that the U.S. Securities and Exchange Commission (SEC) considers Filecoin to be a security.
Under these circumstances, Bitmain dared to launch a new mining machine for Filecoin.
Filecoin is a blockchain launched in 2014. It is a decentralized storage network that is used for payment of storage usage fees, blockchain rewards, and governance.
The SEC decision was made public by cryptocurrency management company Grayscale. According to Grayscale, when the company had applied for registration of a Filecoin investment trust, the SEC requested that the application be withdrawn because Filecoin is a securities.
connection: U.S. SEC judges Filecoin (FIL) as securities Grayscale announces
Filecoin Foundation Rebuttal
The Filecoin Foundation disputes the SEC’s position. Filecoin’s blockchain network is a “decentralized peer-to-peer network for storing files,” he said, noting that FIL tokens are not securities.
Further, emphasizing dispersion, he continues:
Over the past decade or so, thousands of people around the world have contributed to the Filecoin open source project, building a decentralized, efficient and robust foundation.
Contributors include hundreds of organizations and teams building on the network, thousands of storage providers, and nearly 13,000 Github contributors.
In addition, the SEC has filed a lawsuit regarding Ripple’s virtual currency XRP as an unregistered security.
In this case, a U.S. District Court judge ruled in favor of Ripple on the 13th, stating that “XRP itself is not a security.”
connection: “The virtual currency XRP itself is not a security” US district court rules
The post Bitmain Launches Mining Machine for Filecoin (FIL) appeared first on Our Bitcoin News.
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