What is the difference between Filecoin mining and Bitcoin mining?

Different economic models

The total issuance of bitcoins is 21 million, which is halved every four years. So far, it had been halved three times, and the remaining unissued bitcoin is less than 20%. Currently, it is enormously difficult to mine Bitcoin, and the mining output has also been greatly lowered.

Different mining principles

The principle of bitcoin mining is to solve equations by consuming a lot of computing power of PCs. Whoever gets the result first will get bitcoin rewards, which means that people with higher specifications will get more bitcoins. Bitcoin mining requires a lot of energy in the continuous calculation process, so it consumes a lot of electricity.

Different upside potentials

It has been more than ten years since the birth of Bitcoin. The price of the coin has changed from 10,000 bitcoins for a pizza in the early stage, to a highest of nearly 70,000 US dollars. Bitcoin has experienced several times of huge ups and downs, which had turned away a lot of investors who don’t speculate in coins, there are some lucky ones who enjoy the price breaking through. The current price of Bitcoin is almost at another peak, and the future space for growth is also limited.

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Filet brings Filecoin to DeFi. It is a great boost for IPFS. Stake FIL to get FIL, APY is about 30%. Filecoin, BSC, HECO and Mixin supported. ✔www.filet.finance

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Filet -Stake FIL to mine FIL

Filet -Stake FIL to mine FIL

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Filet brings Filecoin to DeFi. It is a great boost for IPFS. Stake FIL to get FIL, APY is about 30%. Filecoin, BSC, HECO and Mixin supported. ✔www.filet.finance