The uniqueness of the IPFS/Filecoin project is two-fold for us as miners. On one hand, we want to lower the price of the currency to reduce our collateral costs. On the other hand, we anticipate that the currency price will rise and shorten the current cycle, putting us in a dilemma.
Before introducing the IPFS/Filecoin storage business to the market in an organized manner, we believe it is best to maintain price stability. Filecoin is the highest cost-effective mining project among mainstream tokens. Compared to other currencies, it can mine back its cycle faster, such as traditional Bitcoin and Ethereum. The layout of IPFS/filecoin must guarantee the coins. With strict release and punishment mechanisms, computing power not only does not decrease but continues to rise in a linear fashion. On the contrary, the number of miners has increased, with more and more joining the network.
In the current market, any Coin can skyrocket with popularity, such as various Dogecoin, Pigcoin, Dolphincoin, and even Aircoin. It may eventually go to zero, but it cannot resist the frenzy. It can rise by 100 times or even 1000 times. Such extreme enthusiasm only brings harm. In this situation, doing nothing is unrealistic. Arm yourself with knowledge and use your skills to mitigate risks. The cryptocurrency market has given grassroots individuals opportunities for rapid advancement, but it has also worn down the spirits of those who fantasize about getting rich overnight. To be honest, it is not easy to make money safely in the cryptocurrency market. Before I have a piece of meat, I will be stitched up. Returning to the essence of mining is the most basic foundation of blockchain, and mining is undoubtedly the lowest-cost way to obtain IPFS-Filecoin. All investments carry risks, and all we can do is minimize risks and maximize profits. We must approach investments rationally.
The full-scenario ecological landing of Filecoin enhances the ecological value of FIL. The goal of Filecoin is to establish a distributed network based on Web3.0 civilization, characterized by decentralized, fault-tolerant features, and to realize human digital life. The landing of Filecoin's ecological applications achieves the interconnection between distributed storage technology and the real world, bringing about practical changes in human social life.
Filecoin's application ecology empowers and its world ecological value is immeasurable. As a new generation of distributed storage protocol represented by IPFS, it is a strong complement to the existing Internet based on the HTTP protocol. Distributed storage and decentralized cloud computing, as important infrastructures of Web3.0, will accelerate the digital transformation of related industries, create new business scenarios, and promote profound changes in the economic and social systems.
For Fil, it does not have the high energy consumption of BTC and ETH mining and has prospects for practical applications. Countries around the world are also laying out and vigorously developing distributed storage. For FIL mining farms, they are IDC data centers registered with the Ministry of Industry and Information Technology (MIIT), which perfectly comply with the nation's development needs for new infrastructure. Furthermore, the Ganzi County government in Sichuan Province has previously released a statement in February guiding Bitcoin mining farms to transition into distributed cloud computing centers. IPFS distributed storage is recognized by government agencies and has been adopted for implementation.
As the underlying infrastructure for Web3.0 data storage, Filecoin has advantages in decentralized, high-speed transmission, and efficient security in the data storage market. With the improvement of basic applications and the ecosystem, Filecoin will achieve greater application landing on a larger scale.
We have high expectations for the future. FIL will be the pioneer leading the blockchain to new heights.
Our company provides users with all mining-related services, such as mining machine leasing and sales, listing and delisting, hosting, operation and maintenance, and repairs. After customers select the mining machine model, they make payment to the company's account, sign a formal three-party contract, and receive a value-added tax invoice. They download the company's wallet app and monitor the daily income. The mined coins can be traded on major exchanges at any time. Our company and mining farms are located in Shanghai, and we welcome leaders to visit and inspect at any time.
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