Rao Marij Hassan

$FIL has been on quite the rollercoaster lately, hasn't it? Got everyone talking again. First off, major respect to the Filecoin team – sticking with it through thick and thin for over three years is no small feat.
But let's be real: that elusive $1 mark? Still feels like a mirage, with the price often stuck in high-level fluctuations. Trading volume tells a story too – it's noticeably quieter than before.
Honestly? I wouldn't mind seeing $FIL
dip below $1. Counterintuitive? Maybe. But hear me out, especially from the angle of us miners and the network's long-term health.
Here's the core issue as I see it: Buying FIL right now is largely about supplying coins to the miners below us. Why? Because the ecosystem demands it. The mining machines many invested in? Power's often cut, internet disconnected – they're idle. But... the agreements in place often still require those miners to produce coins according to the protocol's mechanism.
So, what's the solution? Miners have to buy FIL off the market to meet these obligations. Crunch the numbers, and it becomes clear:
* Miners typically pay an annual service fee (around 1000 RMB).
The expected coin production payout is roughly *19.25 FIL per year**.
*At current prices, buying that 19.25 FIL outright is often significantly cheaper than paying the electricity and operational costs to run the hardware!**
That's the economic reality forcing miners to be buyers.
My take? A temporarily lower FIL price could be beneficial:
1. For Miners: Allows us to acquire the necessary coins for protocol compliance at a much lower cost basis. Lower chips = less financial strain to stay active in the network.
2. For the Project: A healthier, less financially stressed miner base is crucial for network security and long-term decentralization. Relieving this buy-pressure burden helps sustain participation.
3. For Everyone: Resolving this underlying pressure could pave the way for more organic, sustainable price discovery later, built on actual utility and demand, not just miners scrambling for coins.
I'm not rooting for a crash, but a strategic reset. Let FIL find a lower support level, ease the burden on the miners essential to the network's function, and build a stronger foundation from there. Sometimes, going down is necessary to climb higher later.
#FIL #Filecoin #CryptoMining #CryptoEconomics #BinanceSquare #Blockchain #Altcoins

$FIL has been on quite the rollercoaster lately, hasn't it? Got everyone talking again. First off, major respect to the Filecoin team – sticking with it through thick and thin for over three years is no small feat.
But let's be real: that elusive $1 mark? Still feels like a mirage, with the price often stuck in high-level fluctuations. Trading volume tells a story too – it's noticeably quieter than before.
Honestly? I wouldn't mind seeing $FIL dip below $1. Counterintuitive? Maybe. But hear me out, especially from the angle of us miners and the network's long-term health.
Here's the core issue as I see it: Buying FIL right now is largely about supplying coins to the miners below us. Why? Because the ecosystem demands it. The mining machines many invested in? Power's often cut, internet disconnected – they're idle. But... the agreements in place often still require those miners to produce coins according to the protocol's mechanism.
So, what's the solution? Miners have to buy FIL off the market to meet these obligations. Crunch the numbers, and it becomes clear:
* Miners typically pay an annual service fee (around 1000 RMB).
The expected coin production payout is roughly *19.25 FIL per year**.
*At current prices, buying that 19.25 FIL outright is often significantly cheaper than paying the electricity and operational costs to run the hardware!**
That's the economic reality forcing miners to be buyers.
My take? A temporarily lower FIL price could be beneficial:
1. For Miners: Allows us to acquire the necessary coins for protocol compliance at a much lower cost basis. Lower chips = less financial strain to stay active in the network.
2. For the Project: A healthier, less financially stressed miner base is crucial for network security and long-term decentralization. Relieving this buy-pressure burden helps sustain participation.
3. For Everyone: Resolving this underlying pressure could pave the way for more organic, sustainable price discovery later, built on actual utility and demand, not just miners scrambling for coins.
I'm not rooting for a crash, but a strategic reset. Let FIL find a lower support level, ease the burden on the miners essential to the network's function, and build a stronger foundation from there. Sometimes, going down is necessary to climb higher later.
#FIL #Filecoin #CryptoMining #CryptoEconomics #BinanceSquare #Blockchain #Altcoins $ETH