How to Install A Filecoin Mining Rig
To be able to install a filecoin mining rig, you will need to purchase the hardware and different servers that might be needed. The basic requirements for the mining process to efficient and financially stable are as follows:
| Type | Name | Quantity |
| CPU | AMD Ryder Threadripper 3960X/ 3.0 GHz/104MB cache/24 cores/ 48 threads/ Socket sTRX4 | 1 |
| Main | MSI TRX40 PRO WIFI (socket sTRX4 for CPU 3960X/3970X) | 1 |
| Cooler | XIGMATEK AURORA 360 (EN42814) – ARGB, SUPPORT AMD TR4. ALL IN ONE WATERCOOLING | 1 |
| RAM | CORSAIR Vengeance LPX 64GC (2*32GB) DDR4 SDRAM DDR4 3200 | 1 |
| NVMe | SSD M2-PCle 1TB Samsung pm981a NVMe 2280 (OEM Samsung 970 Evo Plus) | 1 |
| PSU | Seasonic 1300w Prime Ultra 1300 PD – 80 PLUS PLATINUM | 1 |
| Case | Case Thermaltake Core p3 Tempered Glass | 1 |
| Hard Drive | HDD Enterprise WD Ultrastar HC320 8tv 3.5” 256 MB Cache SATA 6GB/s 7.2 Krpm | 1 |
| Graphic Card | Gigabyte GeForce GTX 1660 OC 6GB (GV-N1660OC-6GD) | 1 |
Best Hardware for Filecoin Miner
If all filecoin mining operations are performed by one machine, then miners need to ensure that the following hardware is present in this machine:
You will also need to consider the following basic requirements for Filecoin storage mining:
- Storage: A miner server must have storage that customers can rent out, and 1TiB of raw storage is the minimum amount of storage miners must pledge to Filecoin. The minimum is raised to 100 TiB for the mainnet. There are severe consequences for losing any type of data, so storage miners are urged to take extra care with the storage requirements.
- Network: It is recommended to use 10GbE+ network cards and switches, especially if network-attached storage is being used.
The above filecoin hardware requirements will not increase in the presumable future, and money spent on hardware should provide users with many years of reliable service, paying for themselves several times over.
Filecoin (FIL) Wallet
Cryptocurrencies must also be stored in wallets, much like real money does, even though these wallets aren’t physically different from the virtual currency they store. When you are investing in a mining rig to get started with Filecoin mining, you should also make sure the rig comes with the wallet. In addition to private keys, Filecoin wallets also keep the FIL currency. These keys can be used to access transaction data and approve transactions as necessary.
The wallets listed below are supporting Filecoin. A wallet is required for Filecoin mining in addition to a server-based mining rig in order to authorize transactions such as the purchase of FIL or the transfer of FIL to other accounts.
Filecoin Mining Servers
All different types of miners must have specific servers that adhere to the minimal hardware specifications established by the altcoin in order to mine filecoin. This is due to the fact that Filecoin depends on servers and storage space in addition to the GPU. On the market, there are various servers, each with unique features that set them apart. These fully integrated servers make mining easier and faster, especially for larger operations.
| Specifications | rack-mounted 2U/8 disk full modular server (including rails); |
| CPU | 2 Intel Xeon Platinum 8260 24C 2.40GHz 35.75MB 165W processor (supports ≥ 2 CPU extensions); |
| Memory | 4 64GB DDR4-2933 ECC REG RDIMM memory (supports ≥ 24 memory slot expansion); |
| Hard drive | 2 pieces 3.84TB U.2 NVMe SSD enterprise hard drives and 1 piece 480GB 2.5″SATA interface SSD enterprise hard drive (supports ≥24 front 2.5″ and ≥2 rear 2.5″ hot-swap hard drive bit expansion); |
| Network | 1 four-port gigabit network card, 1 dual-optical 10 Megabit network card (including 2 SFP-10000 multimode optical modules) and 1 IPMI management port; |
| Slots | 8 PCIe 3.0 slots (supports ≥ 2 enterprise GPU cards); |
| Power supply | 2 blocks of 750W 1+1 redundant hot-swap platinum power supply; |
| Specifications | rack- mounted 2U/8 disk full modular server (including rails); |
| CPU | 2 Intel Xeon Platinum 8260 24C 2 40GHz 35.75MB 165W processor (supports 2 2 CPU extensions); |
| Memory | 4 64GB DDR4-2933 ECC REG RDIMM memory (supports 2 24 memory slot expansion); |
| Hard drive | 2 pieces 3.84TB U.2 NVMe SSD enterprise hard drives and 1 piece 480GB 2.5″SATA interface SSD enterprise hard drive (supports ≥24 front 2.5″ and 22 rear 2.5* hot swap hard drive bit expansion); |
| Network | 1 four- port gigabit network card, 1 dual- optical 10 Megabit network card (including 2 SFP-10000 multimode optical modules) and 1 IPMI management port; |
| Slots | 8 PCle 3.0 slots (supports 2 2 enterprise GPU cards); |
| Power supply: | 2 blocks of 750W 1+1 redundant hot-swap platinum power supply; |
| Specifications | rack-mounted 4U/36 disk full modular server (including rail); |
| CPU | 2 pieces Intel Xeon Gold 5117 14C/28T 2.0GHz 19.25MB 105W processor (supports ≥ 2 CPU extensions); |
| Memory | 2 pieces 32GB DDR4-2933 ECC REG RDIMM memory (supports ≥ 16 memory slot expansion); |
| Hard drive | 1 piece 500GB M.2 NVME SSD enterprise drive and 36 16TB 3.5″7.2K SATA enterprise hard drive (supports ≥24 pieces front 3.5″ and ≥12 pieces end 3.5″ and ≥2 pieces 2.5″ hot-swap hard drive expansion); |
| Array card | 1 piece 12Gb 2GB cache SAS RAID controller and battery supercapacitor module (supports Raid 0/1/5/6/10/50/60, etc.); |
| Network | 1 dual-electric gigabit network card, 1 dual-optical 10-megabit network card (including 2 SFP-1000-mega-mode optical modules) and 1 IPMI management port; |
| Slots | 7 pieces PCIe 3.0 slots (supports ≥ 2 enterprise GPU cards); |
| Power supply | 2 pieces of 1200W 1-1 redundant hot-swap platinum power supply; |
| Specifications | rack-mounted 2U/12 disk full modular server (including rails); |
| CPU | 2 pieces AMD EPYC 7282 16C 2.80GHz 64MB 120W processor (supports ≥ 2 pieces CPU extensions); |
| Memory | 4 pieces 64GB DDR4-3200 ECC REG RDIMM memory (supports ≥ 32 pieces memory slot expansion); |
| Hard drive | 1 piece 500GB M.2 NVMe SSD enterprise hard drive and 1 piece 2T U.2 NVMe SSD enterprise hard drive (supports ≥24 pieces front 2.5″ and ≥2 piece 2.5″ hot-swap hard drive bit expansion); |
| Network | 1 piece four-port gigabit network card, 1 piece dual-optical 10 Megabit network card (including 2 SFP-10000 multimode optical modules) and 1 IPMI management port; |
| Slots | 8 pieces PCIe 3.0 slots (supports ≥ 2 enterprise GPU cards); |
| GPU card | 2 pieces NVIDIA RTX3080 turbine card (locking force); |
| Power supply | 2 blocks of 1600W 1-1 redundant hot-swap platinum power supply; |
| Specifications | rack-mounted 2U/8 disk full modular server (including rails); |
| CPU | 2 pieces Intel Xeon Gold 6230 20C/40T 2.10GHz 27.5MB 125W processor (supports ≥ 2 CPU extensions); |
| Memory | 4 pieces 64GB DDR4-2933 ECC REG RDIMM memory (supports ≥ 24 memory slot expansion); |
| Hard drive | 2 pieces 1.92TB 2.5″SATA interface SSDs and 1 480GB 2.5″SATA interface SSD enterprise hard drives (supports ≥24 pieces front 2.5″ and ≥2 pieces 2.5″ hot-swap hard drive extensions); |
| Network | 1 four-port gigabit network card, 1 dual-optical 10 Megabit network card (including 2 SFP-10000 multimode optical modules) and 1 IPMI management port; |
| Slots | 8 PCIe 3.0 slots (supports ≥ 2 pieces enterprise GPU cards); |
| Power supply | 2 blocks of 750W 1+1 redundant hot-swap platinum power supply; |
Filecoin Mining Rewards
Filecoin mining rewards are the incentives paid out to miners who provide storage capacity to the Filecoin network. The mining rewards are paid out in Filecoin’s native cryptocurrency, FIL, and are designed to encourage miners to participate in the network and provide storage capacity to users who need it.
The Filecoin network uses a unique mining mechanism called Proof of Replication (PoRep), which requires miners to prove that they are storing data on their storage devices. This mechanism ensures that miners are providing genuine storage capacity to the network, and rewards them for their contributions.
The mining rewards for Filecoin are determined by several factors, including the amount of storage capacity provided by the miner, the current network difficulty, and the current market price of FIL. The current mining reward for Filecoin is 0.025 FIL per GiB of storage per day. This means that if a miner provides 100 GiB of storage capacity to the network, they can earn a reward of 2.5 FIL per day.
It’s important to note that the mining rewards for Filecoin are subject to change based on network conditions and market factors. The Filecoin network is designed to adjust the mining rewards based on the amount of storage capacity provided to the network, so as the network grows, the rewards may change accordingly.
In addition to mining rewards, miners can also earn transaction fees for processing transactions on the Filecoin network. These fees are paid in FIL and are another way for miners to earn rewards for their contributions to the network.
Filecoin Mining Pools
We recommend that you choose the right pool to increase your Filecoin mining capacity.
Arweave Vs Filecoin: Comparing Two Decentralized Storage Platforms
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Filecoin Data Tools (FDT) Introduction: Solve Your Storage Challenges
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Filecoin Mining FAQs
Does Filecoin have a future?
After the analysis of the prices of Filecoin in previous years, it is assumed that in 2024, the minimum price of Filecoin will be around $10.60. The maximum expected FIL price may be around $13.35. On average, the trading price might be $11.00 in 2024.
Can Filecoin be mined?
Filecoin miners compete with one another to mine and build blocks, just like Bitcoin miners do. In contrast to Bitcoin, the amount of active storage is directly connected with the mining power of Filecoin.
What are the minimum requirements for Filecoin mining?
Hardware requirements
- An 8+ core CPU.
- 128 GiB of RAM at the very least.
- A powerful GPU to speed up SNARK computations.
- 1TiB NVMe-based disk space for cache storage.
- Additional hard drives for storing sealed sectors, the Lotus chain, and more.
How much RAM do I need for Filecoin?
128 GiB of RAM are needed at the very least. This should be complemented with 256 GiB of swap on a very fast NVMe SSD storage medium.
Why does Filecoin mining work best on AMD?
Currently, Filecoin’s Proof of Replication (PoRep) prefers to be run on AMD processors. See this description of Filecoin sealing for more information. More accurately, it runs much much slower on Intel CPUs. It runs competitively fast on some ARM processors, like the ones in newer Samsung phones, but they lack the RAM to seal the larger sector sizes. The main reason that this benefit on AMD processors is due to their implementation of the SHA hardware instructions.
Filecoin Blogs & News
Arweave Vs Filecoin: Comparing Two Decentralized Storage Platforms
Filecoin VS IPFS: Are They the Same Thing?
Filecoin Data Tools (FDT) Introduction: Solve Your Storage Challenges
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Venus Node
Node
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