As Miners Leave Bitcoin in Droves, Space Allocation Dedicated to Filecoin and...
While a large quantity of hashrate has stopped dedicating resources to the Bitcoin network, a great number of alternative mining ecosystems are swelling with new participants. China’s ASIC exodus has ignited a significant increase in demand for accessing storage power on both Filecoin and Chia’s proof-of-storage networks. Both networks have seen space allocation spike significantly since the bitcoin mining crackdown in China. Alternative Consensus Algorithms Reap Benefits of the SHA256 Hashrate Drop A lot has been happening in the cryptocurrency mining space recently, as the....
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There’s a lot of buzz in China around the Bee mainnet soft launch following the recent hype surrounding Filecoin and Chia. Reports detail that Swarm is set to kickstart the mainnet on June 13, and droves of miners from China are getting prepared to obtain rewards from the distributed storage platform and content distribution service. Swarm Preps to Launch Mainnet and Native Token BZZ This Sunday, the anticipated Bee mainnet launch is supposed to happen according to a blog post published by the Swarm Foundation. The Swarm project details can be found on ethswarm.org which details that....
Some of the largest Filecoin miners stopped mining on Saturday, complaining the project’s mining incentive scheme has made it impossible for the miners to start operations.
The Filecoin network is facing liquidity problems, forcing some miners to borrow the native token at outrageous rates.
The Filecoin project has surely seen a lot of hype but during the last few weeks before the launch, the cooperative digital storage crypto project has been criticized a great deal. This weekend a few Filecoin miners have been on strike and claim the economic model is not working out for them. Just recently the Filecoin (FIL) token offering has been a topical conversation, as the project joins the cryptocurrency economy. Moreover, controversy recently surrounded the project when the crypto community questioned the movement of 800,000 FIL tokens. Now another story is arising that shows a few....
The Filecoin network is recovering as miners upgrade to a new client after a four-hour network outage. Decentralized storage protocol Filecoin (FIL) came to a standstill on Dec. 19 as a bug caused instability on the network. According to a project status report issued by the Filecoin team: “The Filecoin network is halted with most nodes stuck at height 336459 with mismatched state compute error due to indeterminate behavior.”Based on the timeline given in the status update, it took less than four hours for the Filecoin dev team to fix the problem. As part of the solution, miners had to....