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Digital Currency 101 – Filecoin mining as a business
Mining Filecoin with Cloud Rush is an exciting business (or side business) opportunity. As a Filecoin miner, you are in the “driver’s seat” when it comes to decisions about how to store your products, when and if you want to sell or trade them, and how you want to move forward with your storage space.
What does it mean to be in the Filecoin mining business?
Cloud Rush has many mining plans for you to choose from. If you’re a new miner, you may want to start with the 16T or 32T plan. If you are interested in a larger return, you can opt for our 64T, 96T, or 192T mining plans. If you are an experienced miner, you will want to take a look at our 288T, 512T, or 1P mining plans. Each plan has tremendous profit potential.
All Cloud Rush plans have low out-of-pocket prices and low hosting fees. Our hosting fee includes the costs for maintenance, operation, site, electricity, and regular repair. In addition to the hosting fee, Cloud Rush takes 20% of your daily mining pool to help cover expenses. (More about this later.) You can monitor your equipment on the Cloud Rush App to see how it is performing.
You’re now a miner – now what?
Once you become a miner, you will be able to decide where to store your Filecoin tokens. As a Cloud Rush miner, your earned tokens are automatically moved into your wallet inside the Cloud Rush App. You can move your tokens into another wallet at any time.
You may want to use your Filecoin tokens to pay some or all of your “Gas” (messaging) fees. If you want to use your tokens outside of Filecoin, you will need to convert them into cash or digital currency coins using an exchange. There are plenty of digital currency exchanges that will be happy to convert your Filecoin tokens into usable currency.
After you have created your data storage, Filecoin will fill your storage with random information. Filecoin then runs Proof-of-Spacetime (PoSt) tests to make sure that the data stored on your drive(s) is secure and readily available. If you pass Filecoin’s PoSt tests Filecoin may allow you to store a client’s data. (Not all miners are selected to store client data as the Filecoin network is not completely filled as of yet.) If you are selected to store a client’s data, Filecoin will pay you a storage fee on top of your regular Filecoin mining tokens.
You will want to be a Cloud Rush Distributor
As a Cloud Rush miner, you can help others become a miner on the Cloud Rush platform. When you refer someone to Cloud Rush and they become a CR miner, you will receive a portion of their daily mining pool rewards. As a Cloud Rush Distributor, you can put a LOT of money in your wallet without having to pay anything out-of-pocket. For more information on how to become a Cloud Rush Distributor, please contact Cloud Rush at 626-779-2286 or [email protected].
Is now a good time to begin mining for Filecoin?
Absolutely! The cost of mining new Filecoin tokens is significantly less than today’s Filecoin market price. For more information on Filecoin mining, please contact Cloud Rush TODAY, 626-779-2286 or [email protected] for a FREE digital currency consultation.
Disclaimer: This blog is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
