China’s Bitcoin Crackdown Might Lead to an Increase in Filecoin and Chia Mining

Jun 22, 2021

Last week, the global cryptocurrency industry took a major hit when Sichuan’s local government ordered the suspension of 26 large Bitcoin mining farms. The Sichuan Development and Reform Commission and Energy Bureau issued a notice on June 18th, requiring 26 “suspected key projects” in...

Xinyuan Technology Buys 580M Yuan Worth of Filecoin Miners

Mar 19, 2021

Xinyuan Technology Co., a computer hardware company based in Shenzhen, has just signed a huge deal with Sesumg, a Jiangxi-based electronic component manufacturer. According to a report from AI Express, Xinyuan announced that they have signed a sales contract for a “Distributed Storage ...

Wrapped Token’s Bridge of Filecoin with Ethereum’s DeFi A Boom for Miners

Dec 4, 2020

Chinese miners' influence on the Filecoin ecosystem is set to get bigger with the Wrapped Filecoin (wFIL) launch of its mainnet to bridge Filecoin's decentralized storage network with Ethereum. The wFIL mainnet will enable Filecoin (FIL) miners to “borrow+convert renFIL to na...

Huobi Likens Decentralized Storage Revolution to DeFi’s as Filecoin Hits 1 Bln GiB Capacity

Nov 25, 2020

The Huobi Group has likened the Filecoin ecosystem's potential to the decentralized finance DeFi) revolution - which has seen a surge in 2020 - saying decentralized storage solutions, such as Filecoin, will lead a new wave of blockchain revolution and bring more innovation opportunities to de...

Filecoin Launches as Litecoin Plans Privacy Option to Mark 9

Oct 16, 2020

Filecoin, the much talked-about decentralized storage network designed to store global information, has now entered what its team describes as "a quiet post-launch monitoring period". The stage, according to them, is to ensure that the network is operating smoothly and to track its performance clo...

IPFS Compliance Issue in China

Oct 10, 2020

More and more people in China begin to worry about the compliance issue as IPFS/ Filecoin test in full swing. Will decentralized storage like IPFS be banned due to conflicts with Internet supervision and data security policies in China? There is no need to worry too much about comp...

Filecoin Enters Mainnet Ignition Phase, Set Launch Date

Sep 30, 2020

Chinese miners' dream of profiting from the launch and expected popularity of Filecoin may be about to come true as the supposed world’s largest decentralized storage network reports it has entered its penultimate development phase ahead of launch next month. Filecoin confirms the mainnet lau...

China Crypto Roundup (Sept 14- Sept 21): Chinese Team to Fork Filecoin, The Upcoming Whatsminer M50S May Surpass Antminer S19, Crypto Interest Rising Between Africa and China

Sep 21, 2020

The top stories from the Chinese cryptocurrency sphere this past week includes: Chinese team to fork Filecoin, Chinese bitcoin miner maker Whatsminer’s next-generation main product M50S may surpass Bitmain’s Antminer S19, a significant volume of cryptocurrency transactions is now being...

Chinese Team to Fork Filecoin

Sep 18, 2020

On the afternoon of Sep 18, Han Weiping, chairman of MIX group, said that they would fork Filecoin. A number of miner manufacturers confirmed that there will be a number of subsequent teams will announce fork. Du Jun, the founder of Node Capital, a heavy supporter of Filecoin, said he ...

Released Filecoin Mining Structure May Eliminate 80% Miner Makers

Sep 3, 2020

Filecoin storage network has revealed the details of its cryptoeconomic structure in a report titled Engineering Filecoin’s Economy, in which three key points are introduced: punishment mechanism, amount of mining release, and pre-pledge ratio. The revealed economic model is extremely hars...