ASIC Manufacturer Bitmain Unveils $38K Filecoin Mining Rig 

ASIC Manufacturer Bitmain Unveils $38K Filecoin Mining Rig 

Bitmain, the mining rig manufacturer, has announced the launch of a new rig that mines the digital currency filecoin (FIL). Similar to the company’s KAS Miner KS3, the new FIL miner carries a hefty price tag of $38,888 per machine.
Bitmain Introduces On-Rack Filecoin Miner
Bitmain announced Thursday that it will begin selling a newly manufactured Filecoin (FIL) mining rig. Filecoin, a decentralized, blockchain-based storage network, was launched by Protocol Labs in 2017. Its mining algorithm, known as proof-of-replication and proof-of-spacetime, was originally designed to resist application-specific integrated circuits (ASICs) in an effort to encourage decentralization. Despite this, Bitmain and other manufacturers have developed ASICs specifically for mining FIL and also offer FIL cloud mining contracts.

In the announcement on Thursday, Bitmain stated that the on-rack filecoin miner will be sold throughout the day on Friday for $38,888 per unit. Bitmain detailed that the machine of

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