Filecoin Miners Go On Strike One Day After Mainnet Launch, Prompting Early Re...
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.
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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....
Five Filecoin miners have gone on strike. Bitcoin miners are seeing depressed earnings. And Binance is closing its Jersey branch.
Three years after its $257 million ICO, decentralized data storage provider Filecoin has said mainnet will go live in mid-October.
This project is continuing to build momentum three years after their token sale. After securing millions of dollars via an initial coin offering in 2017, decentralized data housing platform Filecoin now aims to launch its mainnet.Filecoin will move over to its own blockchain in stages, rather than all at once, according to a Sept. 27 blog post. "Launching a blockchain is an involved and lengthy process," the post said. "Like many other networks (including Polkadot, NEAR, and others), Filecoin is taking a phased approach to launching mainnet, with different groups and communities onboarding....
“Miners are following the protocol, and making a ton of money doing so,” said Juan Benet on Twitter. Juan Benet, the creator of Blockchain-based data storage platform Filecoin, has called allegations that miners of its token have been on strike since Saturday “nonsense.”According to a report by 8btc.com, five of the largest Filecoin miners turned off their machines to protest the project’s “unfair” economic model, which currently requires a significant amount of FIL tokens to begin mining. Crypto Twitter user Nico Deva was one of the first to claim that “a majority of miners” were on....