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What is Filecoin (FIL)?

Filecoin () is an open-source, public cryptocurrency and digital payment system intended to be a blockchain-based cooperative digital storage and data retrieval method.

Filecoin Mining Guide

Here is an ultimate guide to mine Filecoin, you’ll get information on what Filecoin is, how Filecoin works, and how to mine Filecoin to earn money. Click to get more information.

Filecoin Miner

The amount of active storage is directly connected with the mining power of Filecoin.
Three categories of FIL miners may be distinguished (although one group has not yet entered service):

Storage Miners

These Filecoin miners store customer data as storage providers. The amount of storage they produce directly relates to how much money they make. This also requires large storage data.

Retrieval Miners

Servers (also known as retrieval miners) acquire Filecoin by charging a fee for their services. Their pay is based on how quickly and nearby they can provide service.

Repair Miners

Repair miners are yet to be used in Filecoin mining, but their purpose is to step in when an unstable miner is present.

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:

TypeNameQuantity
CPUAMD Ryder Threadripper 3960X/ 3.0 GHz/104MB cache/24 cores/ 48 threads/ Socket sTRX41
MainMSI TRX40 PRO WIFI (socket sTRX4 for CPU 3960X/3970X)1
CoolerXIGMATEK AURORA 360 (EN42814) – ARGB, SUPPORT AMD TR4. ALL IN ONE WATERCOOLING1
RAMCORSAIR Vengeance LPX 64GC (2*32GB) DDR4 SDRAM DDR4 32001
NVMeSSD M2-PCle 1TB Samsung pm981a NVMe 2280 (OEM Samsung 970 Evo Plus)1
PSUSeasonic 1300w Prime Ultra 1300 PD – 80 PLUS PLATINUM1
Case Case Thermaltake Core p3 Tempered Glass1
Hard DriveHDD Enterprise WD Ultrastar HC320 8tv 3.5” 256 MB Cache SATA 6GB/s 7.2 Krpm 1
Graphic CardGigabyte 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:

Filecoin Miner

CPU

A multicore CPU will be required for filecoin mining and it is our recommendation that you use an 8+ core CPU that will support Intel SHA Extensions: AMD. The more quickly the sealing procedure is carried out, the quicker data can be uploaded onto the network and storage fees can be assessed.

RAM

The sectors that can be sealed off currently on the Filecoin network are 32 GiB and 64 GiB. A significantly larger RAM of at least 128 GiB is needed in order for you to be able to perform the calculations required for the sealing processes. Not only that, but there should always be a 256 GiB fast NVMe SSD storage device on hand to replace the RAM. You’ll experience the process more quickly the more RAM you have.

Filecoin Miner
Filecoin Miner

GPU

Much like the CPU, the GPU has to be powerful and quick to be able to perform the computations within the time frame. Lotus GPU is currently recommended as it supports NVIDIA-manufactured chips for filecoin mining. 

Disk

The Filecoin miner’s performance may be affected by a slow disk. To maintain the high performance of the miner, a slow disk or less RAM should always be available for a quick swap with an SSD with more disk space. A 1TiB NVMe-based disk space is advised as the absolute minimum for cache storage.

Filecoin Miner

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.

lotus

Lotus Wallet

filfox-wallet

Filfox Wallet

filsnap-metamask-plugin

FilSnap MetaMask Plugin

filwallet

FILWallet

foxwallet

FoxWallet

Trust Wallet Review

Trust Wallet

imToken Review

ImToken

glif-web-wallet

Glif Web Wallet

mathwallet

MathWallet

ledger-wallet

Ledger Wallet

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.

Filecoin Node Server

A node is a computer that connects to other computers and keeps track of the network’s rules and policies. Nodes are crucial to the synchronization of the entire Filecoin blockchain in Filecoin networks. Additionally, it is essential for separating legitimate from unauthorized Filecoin transactions and preventing the latter from taking place.
The specifications of an Node server are mentioned below, and they exceed the basic, minimum requirements of Filecoin for this step of mining process。

Specificationsrack-mounted 2U/8 disk full modular server (including rails);
CPU2 Intel Xeon Platinum 8260 24C 2.40GHz 35.75MB 165W processor (supports ≥ 2 CPU extensions);
Memory4 64GB DDR4-2933 ECC REG RDIMM memory (supports ≥ 24 memory slot expansion);
Hard drive2 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);
Network1 four-port gigabit network card, 1 dual-optical 10 Megabit network card (including 2 SFP-10000 multimode optical modules) and 1 IPMI management port;
Slots8 PCIe 3.0 slots (supports ≥ 2 enterprise GPU cards);
Power supply2 blocks of 750W 1+1 redundant hot-swap platinum power supply;
Specificationsrack- mounted 2U/8 disk full modular server (including rails);
CPU2 Intel Xeon Platinum 8260 24C 2 40GHz 35.75MB 165W processor (supports 2 2 CPU extensions);
Memory4 64GB DDR4-2933 ECC REG RDIMM memory (supports 2 24 memory slot expansion);
Hard drive2 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);
Network1 four- port gigabit network card, 1 dual- optical 10 Megabit network card (including 2 SFP-10000 multimode optical modules) and 1 IPMI management port;
Slots8 PCle 3.0 slots (supports 2 2 enterprise GPU cards);
Power supply:2 blocks of 750W 1+1 redundant hot-swap platinum power supply;

Filecoin Hash Server

The Poseidon hashing algorithm is used by the storage miner to seal off data to be stored in a particular sector, producing cryptographic hashes to ensure the security of the data being stored. Hash servers are specialized servers that design and manage hashing algorithms for large operations.

Filecoin Storage Server

After a deal is made, and the storage miner has received the data from the client for storage, the miner can outsource this data to a Filecoin storage server. The server will produce proof of storage in regular intervals for both the client and the miner.

Specificationsrack-mounted 4U/36 disk full modular server (including rail);
CPU2 pieces Intel Xeon Gold 5117 14C/28T 2.0GHz 19.25MB 105W processor (supports ≥ 2 CPU extensions);
Memory2 pieces 32GB DDR4-2933 ECC REG RDIMM memory (supports ≥ 16 memory slot expansion);
Hard drive1 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 card1 piece 12Gb 2GB cache SAS RAID controller and battery supercapacitor module (supports Raid 0/1/5/6/10/50/60, etc.);
Network1 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;
Slots7 pieces PCIe 3.0 slots (supports ≥ 2 enterprise GPU cards);
Power supply2 pieces of 1200W 1-1 redundant hot-swap platinum power supply;
Specificationsrack-mounted 2U/12 disk full modular server (including rails);
CPU2 pieces AMD EPYC 7282 16C 2.80GHz 64MB 120W processor (supports ≥ 2 pieces CPU extensions);
Memory4 pieces 64GB DDR4-3200 ECC REG RDIMM memory (supports ≥ 32 pieces memory slot expansion);
Hard drive1 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);
Network1 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;
Slots8 pieces PCIe 3.0 slots (supports ≥ 2 enterprise GPU cards);
GPU card2 pieces NVIDIA RTX3080 turbine card (locking force);
Power supply2 blocks of 1600W 1-1 redundant hot-swap platinum power supply;

Filecoin Post Server

The Poseidon hashing algorithm is used by the storage miner to seal off data to be stored in a particular sector, producing cryptographic hashes to ensure the security of the data being stored. Hash servers are specialized servers that design and manage hashing algorithms for large operations.

Filecoin Miner Server

Miners in Filecoin are not similar to miners on other cryptocurrency networks as here, they provide storage to clients. This storage is on their computers if they are a solo miner or on specific servers if it is a large operation. These servers are referred to as Filecoin miner servers to make the mining process quicker. The packet information of the miner server is as follows:

Specificationsrack-mounted 2U/8 disk full modular server (including rails);
CPU2 pieces Intel Xeon Gold 6230 20C/40T 2.10GHz 27.5MB 125W processor (supports ≥ 2 CPU extensions);
Memory4 pieces 64GB DDR4-2933 ECC REG RDIMM memory (supports ≥ 24 memory slot expansion);
Hard drive2 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);
Network1 four-port gigabit network card, 1 dual-optical 10 Megabit network card (including 2 SFP-10000 multimode optical modules) and 1 IPMI management port;
Slots8 PCIe 3.0 slots (supports ≥ 2 pieces enterprise GPU cards);
Power supply2 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.

Filecoin Miner
IPFSMain
Filecoin Miner
6Block
Filecoin Miner
智合云
Filecoin Miner
hellofil.com
Filecoin Miner
IPFSUnion

Filecoin – Decentralized Storage Network

The only difference between mining Filecoin and mining other popular cryptocurrencies is that storage is mined in Filecoin rather than coins. Filecoin is a decentralized storage protocol. Similar to other cryptocurrencies, the miners receive similar rewards. It is based on the storage protocol IFPS, which also relies on peer-to-peer networks. However, IFPS is designed so that users can store data on the network, but they are unable to store data for others and earn rewards. Although that is a feature that is exclusive to filecoin, using both protocols simultaneously is frequently preferred and the users in this case are known as filecoin IFPS miners.

Filecoin Miner

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.

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