Filecoin is still in development but you will be able to run Filecoin mining software in a same way like Bitcoin and Ethereum mining process. Filecoin Mining Rig is a set of hardware setup for mining Filecoin and we are trying to give you a best Filecoin Mining Profit calculator using Filecoin Rewarding Algorithm.
Please come back later when Filecoin is on Mainnet for the Filecoin Mining Profit Calculator. For now please read through to have more information.
According to FileCoin FAQ:
Storage miners earn filecoin by storing data for clients, and computing cryptographic proofs to verify storage across time. The probability of earning the block reward and transaction fees is proportional to the amount of storage the miner contributes to the Filecoin network, and not hashing power.
Retrieval miners earn filecoin by winning bids and mining fees for a particular file that are determined by the market value of that file. A retrieval miner’s bandwidth and bid/initial response time for deals (i.e., latency and proximity to clients) will determine its ability to close retrieval deals on the network. The maximum bandwidth of a retrieval miner will set the total quantity of deals it can make.
Therefore, there are some main factors will affect the score of your mining rigs and your Filecoin Mining Profit:
- The Storage Size – your mining rig must support multiple hard drives
- The Internet Speed (upload speed) – no lower than 16Mbps (upload speed 2M/s)
- Speed of your rig (CPU, RAM, GPU) – Searching and multi-channel data transport both require a lot of RAM minimum of 128GB RAM
Check out the minimum requirements of a Filecoin Mining Rig in this article: https://www.tron2moon.com/category/decentralized-storage/
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