Bitcoin miners lay out Filecoin and Chia,Cloud Rush helps to build a complete distributed storage network

Bitcoin miners lay out Filecoin and Chia,Cloud Rush helps to build a complete distributed storage network

After the major ceased operation of Bitcoin computing power, an alternative mining ecosystem is emerging in the market. Some ASIC miners have moved to cryptocurrencies with distributed storage network functions such as Filecoin and Chia. Since Sichuan rectified Bitcoin mining, the computing power of these two networks has soared.

Since the regulation of Bitcoin mining, the cryptocurrency mining market has undergone great changes. Bitcoin hashrate plummeted to 93.19 EH/s in the past few weeks. On July 3, the difficulty of Bitcoin mining dropped by nearly 28% in 689,471 blocks.

However, since Inner Mongolia announced in March that it would crack down on cryptocurrency miners, data from filfox.info showed that the effective storage of Filecoin has increased by 600 PIB. As time goes by, the effective storage rate is getting higher. As of July 7, it has reached 7.165 EiB.

In addition, the storage space of the Chia network has also increased exponentially, especially after the Sichuan rectification, which has greatly increased the computing power of the Chia network. Statistics show that on July 5th, 30,505 PiB was used for the allocation of storage for the chain. It was only 26,718 PiB on June 22, an increase of 14.17%.

In early July, the founder of Chia also stated on social media, “After the launch of new protocol, the old plot will continue to work and support multiple mining. The Chia ecosystem is getting stronger, and it may become the next Ethereum.” Then, the MASS community announced that it is compatible with the Chia file format for parallel mining. It is expected that the payback period can be shortened by 30%”.

In the future, there will be more than 100 consensus algorithms based on Chia’s plot files. The next Ethereum may be born, and the Chia network will grow stronger.

Cloudrush is an innovative technology company registered in California, USA. Cloudrush is committed to using AI to build a global super distributed storage computing power platform, empowering the technology industry to realize blockchain reform, promoting the rapid growth of the global distributed economy, and providing the construction of blockchain’s bottom technology. It also provides the cultivation of blockchain projects and mining pools, consulting services, blockchain computing power, computing power aggregation and other related businesses.

Cloudrush is based on the application of blockchain technology combined with the closed loop system of online application as well as the offline industries to promote the cooperation of upstream and downstream entities in the industry chain. It can accelerate the commercialization of the industry as a whole and form an effective closed loop of commercial value, driving the innovative development of the industry.

In the future, Cloudrush will provide services such as IC design and manufacturing, R&D of chip and mining machine, server construction, packaging and testing, and cloud solutions in the fields of AI applications and blockchain.

If you are interested in us, you can join us https://t.me/cloudrushglobalization

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Cloud Rush can provide the most professional blockchain(Filecoin) one-stop mining service solution

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Cloud Rush

Cloud Rush

Cloud Rush can provide the most professional blockchain(Filecoin) one-stop mining service solution

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