Bitmain launches Filecoin mining machines with a $38,888 price tag

Quick Take

  • Bitmain is expanding into Filecoin mining with the launch of machines priced at $38,888 per unit.
  • Bitmain is also offering a delegated staking service at a fee rate of 0.5% per month.

Crypto mining machine manufacturer Bitmain is venturing into the Filecoin mining field for the first time, offering a new model that's priced at $38,888 per unit.

The machines come with a hash rate of 4,300T, and users can host them at the Bitmain-associated Antpool mining pool platform to begin earning rewards right after purchase, according to an announcement.

Filecoin offers a unique combination of both mining and staking to support its decentralized storage network. Storage providers contribute their computing resources for data storage and retrieval, earning mining rewards based on their storage capacity. Meanwhile, token holders can stake FIL tokens to support the network's consensus and governance, earning staking rewards. 

In addition to the mining machines, Bitmain is introducing a delegated staking service for Filecoin at a 0.5% monthly fee, allowing users to delegate their tokens to a third party, such as Antpool.

Sales of Bitmain's Filecoin mining machines begin on July 21.

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