Bitdeer Announces Availability of the Highly Demanded Filecoin

Bitdeer, the world's leading digital assets mining and cloud service platform, announces support for the increasingly popular Filecoin (FIL) on their platform. This adds yet another option to their existing and wide-ranging portfolio of digital assets, diversifying the platform’s offerings for its users and reinforcing its leading position in the miner sharing economy with the inclusion of IPFS mining capability on top of ASIC mining.

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Bitdeer Announces Availability of the Highly Demanded Filecoin (Graphic: Business Wire)

Built on top of the InterPlanetary File System (IPFS) created by Protocal Labs, FIL is the native currency that powers the Filecoin blockchain, a decentralized information storage protocol first launched in 2017 through an initial coin offering, which quickly became one of the largest token sales that year. The network promises that anyone globally can participate as online storage providers, also known as storage miners who are incentivized by FIL. Filecoin was included as one of the latest trust offerings by Grayscale, the world's largest digital asset manager in March 2021, placing the decentralized data storage provider under the spotlight again and pushing FIL’s price to historic highs.

Being the incentivized layer of IPFS, Filecoin has attracted various institutions and organizations to implement the faster, safer and less costly distributed storage network. However, the barrier to become a storage miner is rather high as Filecoin mining’s hardware is far more capital intensive and complex than usual GPUs, which consists of computational and storage requirements. The requirements are beyond most potential network participants’ affordability and reach. Storage pledge, although regarded as an alternative to FIL mining, lengthens the return cycle and demands a certain level of capital investment, preventing general users from participating.

Plans that Benefit Users Principally

Bitdeer’s FIL offering significantly lowers the barrier for global participants who are interested in acquiring FIL, with its all-in-one platform that boasts greater accessibility, higher transparency and simpler operation. The streamlined and more user-friendly service model has become the widely preferred option for global users.

The platform’s sharing model also helps reduce users’ participation costs. The FIL package comes as a Full Effective Plan, and no Filling Period is required, considerably shortening the cycle of return period compared with other industry offerings. Output rate is also accelerated greatly thanks to the rapid computing power output and stable data ensured via the platform’s adoption of high-performance computing servers, high-reliability storage servers and cluster systems.

In addition, no pledge coin is required for plan purchases and sector pledge coins are owned by users ultimately. The platform also bears all gas fees and mining seal costs.

Secure and Reputable Platform with Professional Services

Bitdeer serves users from over 200 countries around the world with monthly traffic of over 3 million users. The platform’s high uptime and smooth operation is guaranteed by Bitdeer Group’s Mining Datacenter, one of the latest verticals introduced in Q3 2021, leveraging its unrivalled aggregate mining capacity to provide reliable and trustworthy digital asset mining services to users. Transparency is key and users can track their returns and profits easily on the platform which is supported by its professional back-end management and financial systems. Bitdeer not only ensures stable and consistent operation, but also strives to provide top-notch services to its customers worldwide, twenty four hours a day.

The thriving development and growth of intelligent mining is extensively welcomed by global mining enthusiasts and investment community. Filecoin is one of the most successful projects that made great achievements over the past year. As Bitdeer is committed to the unremitting pursuit of innovative technologies and services that co-create value with our global community, the company started building of the FIL mining resources to diversify its portfolio, also empowering global miners with easier access to this rapidly prevailing project.

Bitdeer is part of the Bitdeer Group founded and chaired by Jihan Wu, also the co-founder of Bitmain and Matrixport. It aggregates the world's top mining pools from across the world, such as BTC.com, Antpool, F2Pool, Foundry USA, ViaBTC, and BTC.top, and aims at providing users with more flexible mining options with proven track record. The inclusion of the FIL Full Effective Plan embodies the platform’s latest efforts to bring in one of the best digital assets mining options to its global users, solidifying the bond and engagement between Bitdeer and the global community.

About Bitdeer

Bitdeer is the world's leading provider of digital asset mining services, enabling global users to mine cryptocurrencies in a transparent, reliable, and convenient way. It saves users from the complicated process of purchasing, installing, and hosting mining machines. Individual miners can enjoy the service with just one click.

*Information provided in this article is for general information and reference only and does not constitute nor is it intended to be construed as any advertisement, professional advice, offer, solicitation, or recommendation to deal in any product. No guarantee, representation, warranty or undertaking, express or implied, is made as to the fairness, accuracy, timeliness, completeness or correctness of any information, or the future returns, performance or outcome of any product.

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