Filecoin is not a pure mining project, the next step is to build efficient data storage, so you can see the price drop, but it's only temporary! The government's demand for ecological construction is more urgent.
When the price of FIL exceeds 80 US dollars, the ratio of new miners' hardware investment and pledge investment is 1:1. That is to say, after the miners have invested 1 million to buy the hardware equipment, they need to invest 1 million as a pledge. At such a high price, most miners do not have the courage and financial strength. When the price is $20, the ratio of hardware investment and pledge investment is 1:0.2. That is to say, after the miners have invested 1 million to buy hardware equipment, they only need to invest another 200,000 as a pledge to make new miners invest in new miners, thus promoting the development and expansion of the basic network of old miners.
Regardless of the storage service, when the network benchmark reaches 2.5exB, the release volume reaches 100%. At this time, the supply increases, while the demand for collateral gradually decreases. The supply exceeds the demand, and the currency price drops again. The current price of the currency makes the mood of many investors once again fall to the bottom of the valley. The reason why the current low price of the currency is because there is no storage business, and Filecoin application does not land on a large scale. As long as the storage demand floods in, supply and demand reach balance. The price of the coin will continue to rise before the Filecoin app reaches mass adoption. Bitcoin made the world aware of the greatness of blockchain technology 12 years ago and was called the 1.0 version of blockchain technology, but who created it is still a mystery to this day. The emergence of Ethereum has promoted the development of smart contracts based on blockchain technology, known as the 2.0 version of blockchain technology, which was created by V god. It has the most mature and powerful blockchain technology team in the world. IPFS was introduced six years ago, and Filecoin mainnet went live last year, making storage more secure, fast, and reliable, and building the next generation of Internet transport technology, dubbed Blockchain 3.0. FileOcin officials have been emphasizing the FileOcin ecosystem recently, encouraging participants to actively develop storage, storage scale, storage requirements and application delivery, and committed to creating a truly floorable application. Storage business is very important to FileOcin's construction. Learn more about GAA (Z18571569707)! [image.png](/img/bVcTrAZ) There are a lot of Filecoin enthusiasts out there, and they are actively developing Filecoin applications, expecting a decentralized storage application to go live within a month, and a growth explosion within three months. This leads to a large number of developers buying FIL as storage, and once supply and demand reach equilibrium, the price of FIL will rise again, reaching our desired goal. Filecoin data storage is similar to the spread of Ethereum smart contracts; In addition, the Filecoin app ecosystem is growing faster than the original Ethereum smart contract 9 months ago. EIB app growth has reached a temporary rate and is bound to rise. Since the total production of FIL is limited, and the output has been halved in six years, the value of FIL currency in the future may even exceed that of Bitcoin, so the production of FIL will be halved, so, FIL is in the first mining period, and the output has not been halved, so what we need to do now is to mine. Pay attention to the IPFS layout public