Do we need to talk about censorship
Censorship is becoming bigger problem in today’s society. Search engines that keep specific views or pages hidden are becoming common. Governments are shutting down websites, newspapers, or are in complete control of what can be seen on the internet in many countries. Social pressure is causing people to be more careful about what they say so they don’t offend others.
Filecoin has created a censorship-resistant network. Why is this important?
It is estimated that people create around 1.145 trillion MB (megabyte) of data PER DAY. As society relies more and more on digital data to work, study, socialize and shop, especially with the emergence of 5G and other technologies such as the internet of things (IoT), data storage needs are expected to increase exponentially.
Currently, Amazon Web Services (AWS) has 32% of the world’s cloud storage market, while Microsoft Azure has 19%, which means that 51% of the world’s data storage is held on the servers of two companies. Having so much of the world’s data on centralized servers makes it easy to remove data that is unpopular, restrict or eliminate access to specific content, or “accidentally” lose information that certain people don’t want others to see.
The Filecoin Network resists censorship because no central entity can force or coerce anyone into deleting files or withholding service. The decentralized network is made up of many different computers run by many different people and organizations so there are no gatekeepers and no single point of failure. Faulty or malicious actors are noticed by the network and removed automatically.
How does Filecoin’s decentralized network work?
Filecoin enables an unlimited number of cloud providers and developers to provide reliable data storage. Filecoin’s peer-to-peer network is much more efficient and secure than centralized servers under corporate control. Filecoin’s network also achieves staggering economies of scale by allowing anyone to participate as a storage provider and compete for cloud storage business.
Filecoin puts empty disk space to use. Miners are incentivized to join Filecoin because they get paid for their participation, unlike other distributed networks with no economic incentive. Filecoin also makes it easy to join because miners self-manage their storage, earning Filecoin tokens without needing human intervention.
Files are referred to by the data they contain, not by fragile identifiers such as URLs. Files remain available no matter where they are hosted or who they are hosted by. When a file becomes popular, it can be quickly distributed by swarms of computers instead of relying on a central computer/server, which can become overloaded by network traffic.
What’s the best way to get into Filecoin?
Cloud Rush has Filecoin mining platforms that work for people just getting into digital currency as well as those who are experienced miners.
Low out-of-pocket costs; excellent profits!
A 16T (terabyte) machine plan from Cloud Rush has an initial out-of-pocket cost1 of only $3,319. The estimated mining cost-per-token is $21.50 or less. On October 18, 2021, Filecoin was available for purchase for $62.64. can see where this is going.
Is now a good time to begin mining for Filecoin?
Absolutely! The cost of mining new Filecoin tokens is significantly less than today’s market price. For more information on Filecoin mining, please contact Cloud Rush, 626-779-2286 or ConsultCR@CloudRush.io for a FREE digital currency consultation.
1 Out of pocket costs are defined as machine buy-in price and the first year’s hosting fee. The remainder of the term’s hosting fees will be due yearly upon the anniversary date of the contract.
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.