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What’s the difference between FIL cloud mining, joint mining and physical storage server?

What’s the difference between FIL cloud mining, joint mining and physical storage server?

As cryptocurrencies become focused, the importance of choosing a proper cloud mining free farm keeps increasing. What’s the difference between cloud mining, joint mining and physical storage server to participate in the FIL track? FIL has various methods on the market such as purchasing storage servers, using cloud mining free, and joint mining.

Cloud Mining Free

We all know that FIL mining is actually different from that BTC mining. It refers to the effective storage power and how much data can be stored. Cloud mining is sold separately from the storage server. There is cloud computing power with pledged cryptos and cloud mining free with pledged coins and GAS fees provided by customers.

What’s the advantage of cloud mining? First, the packaging speed is fast. Buy it on the first day and package it the next day. Second, there is no redundancy. You can produce coins according to the amount of T you bought. Third, the investment threshold is low. But, is fast packaging speed and no redundancy really an advantage?

First of all, FIL's economic model has three benefits. Including block rewards, storage revenue and retrieval revenue. Since the main net went live in October last year, it has been the blockchain reward stage. Whether it is cloud mining or physical storage servers, there is only one benefit. However, when there is real data storage, after the storage income and retrieval income are added, who owns the increased FIL income? The answer is that it belongs to the platform. Because the cloud mining you buy can only get FIL during the 540-day contract period. One is a machine whose mining cannot be compared to physical hard drives and things. Cloud mining only obtains the FIL of the average block reward, and it is difficult to obtain the coins for storage and retrieval revenue.

Secondly, because it is difficult to benchmark machines, it is difficult to know whether the platform on which your free cloud mining will be oversold and whether it will pay taxes due. Some platforms will develop APPs and back-end management in the name of cloud mining free, etc., but it is not known whether they actually hold physical storage servers and sell computing power. If they are oversold, it does not match the storage server they actually hold. The pledged coins handed in by customers are actually not on the main chain of storage. The inflowed funds and pledged coins may be misappropriated, and may even be suspected of illegal fund-raising.

Again, blindly pursue packaging speed to attract customers. If the technology is unstable, once the computing power is lost, it will cause the miner's pledged coins to be fined. There are already many companies. You can check it yourself.

There is also storage space redundancy. Knowing the economic model of FIL means that the purchase of storage servers must be redundant. This part is needed to back up data to prevent data loss and damage. Generally, the company has 2 copies, and the more powerful company will have 4 copies. Generally, the redundant part ranges from 20% to 40% of the storage server. This can effectively protect the security of the stored data. Less redundancy and fewer copies seem to increase the revenue of a small part of the block reward, but in fact, what greatly increases is the risk cost of the collateral being penalized.

Joint Mining

Let's compare joint mining again. When the market was in a downturn some time ago, when FIL became popular, all kinds of joint mining came out. What is the truth behind it?

Joint mining has two parties, a joint storage party and a coin issuing party. There are three parties, the machine party, the technical party and the coin issuing party. There are four to six points and three to seven points. Joint mining provides more possibilities for all parties to participate in the FIL track. Calculating a long-term account, is it cost-effective to buy the machine directly or to pay the money. Weigh the costs and benefits clearly, but we should be wary of some false alliances and real routines. For example, a mining farm collects more pledge coins and GAS and does not divide the coins according to the 24-hour average mining efficiency. Without noticing it, some informal companies will deduct the cost of the storage server. What's more, if it is a pure capital company, the machine also provides cloud mining free services.

Whether it is cloud mining or joint mining, FIL mining has a sector life cycle. It is difficult to see the problem in the short term, and the currency is also divided normally. However, if it is not possible to correspond to the physical storage server, it is difficult to distinguish whether the divided coins are block rewards obtained by the server or purchased from the secondary market.

The FIL mining is on the right track, but you must keep your eyes open to participate in the head company, make a reasonable layout, and calm your mind. Provide storage servers to participate in network construction. The formation of a distributed data storage network must continue to inspire builders. Only they can get higher profits.

What’s the future of the blockchain and cloud mining free? How will cryptocurrency develop? Just follow the OXBTC website, and hope to see you next time.