#Bitmain Bitmain started selling #Filecoin mining machines for the first time on July 21. Below is the information about the mining machines.
The effective storage capacity of this mining machine is 430TiB and the computing power is 4300TiB.
The total cost of purchasing this mining machine is
$19,131 (mining machine fee) +
$5,544 (package computing service fee) +
$14,213 (540 days of mining machine operation and maintenance fees), a total of $38,888.
According to the official statement, the return on investment will be 400 days at a price of $5.
38888/400 = 97.22
97.22/5 = 19.44 deduction
After deducting some custody fees, the profit is 97.22/5 = 19.44 FIL
Filecoin's historical highest price is $237.61, which occurred on April 1, 2021. The current price is $4.47, down 98.12% from the highest price.
The total supply of Filecoin is 1.967 billion, the circulation is 437 million, and the circulation rate is 22.23%.
So, if there is another bull market for Filecoin, is it worthwhile to buy now?
