{"id":30342,"date":"2020-10-20T09:44:47","date_gmt":"2020-10-20T06:44:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30342"},"modified":"2025-08-27T21:49:18","modified_gmt":"2025-08-27T18:49:18","slug":"filecoin-calls-miner-strike-claims-nonsense","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/filecoin-calls-miner-strike-claims-nonsense\/","title":{"rendered":"Filecoin calls miner-strike claims nonsense"},"content":{"rendered":"<p>The CEO of Protocol Labs, Juan Benet, called the reports of a miner strike nonsense a day after <a href=\"https:\/\/u1f987.com\/en\/news\/filecoin-mainnet-goes-live\">launch<\/a> of the Filecoin mainnet.<\/p>\n<p><!--more--><\/p>\n<p>According to him, miners are following the protocol and &#8220;making a ton of money.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">(7.0) I was asked about a supposed \u201cMiner Strike\u201d \u2014 This is nonsense. There is no strike. Miners are proving their storage just fine. There\u2019s been no power loss out of the ordinary in the network. Miners are following the protocol, and making a TON of money doing so. <a href=\"https:\/\/t.co\/3U9MN0JGm9\">pic.twitter.com\/3U9MN0JGm9<\/a><\/p>\n<p>\u2014 Juan Benet (@juanbenet) <a href=\"https:\/\/twitter.com\/juanbenet\/status\/1318219184254324737?ref_src=twsrc%5Etfw\">October 19, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Benet attributed the slowdown in the network&#8217;s growth to miners funding the collateral in FIL tokens. Earlier the project had advised them to slow down or pause to match the token flow, the head of Protocol Labs noted.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">(7.4.) Fact: in last 2 weeks, *we* the devs recommended to many miners to slow down growth rate to match their token flow, or pause until they can afford to grow steadily.<\/p>\n<p>Some of miners\u2019 growth decrease is from following our advice.<\/p>\n<p>\u2014 Juan Benet (@juanbenet) <a href=\"https:\/\/twitter.com\/juanbenet\/status\/1318221758198018049?ref_src=twsrc%5Etfw\">October 19, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Benet said that the Filecoin team is working on lowering the entry cost for new miners.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">(7.9.) Fact: Adding capacity to the network is very hard right now. This is unfortunate, and painful. The community is working on R&#038;D to make it easier and cheaper. But we had to start somewhere \u2014 so here we are.<\/p>\n<p>\u2014 Juan Benet (@juanbenet) <a href=\"https:\/\/twitter.com\/juanbenet\/status\/1318223481478115328?ref_src=twsrc%5Etfw\">October 19, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As of October 17, five of the largest Filecoin miners <a href=\"https:\/\/cointelegraph.com\/news\/filecoin-creator-denies-strike-allegations\" target=\"_blank\" rel=\"noopener noreferrer\">paused<\/a> operations, while the others chose not to increase storage capacity.<\/p>\n<p>The reason was the project&#8217;s economic model, which requires posting FIL as collateral. Miners lack the funds for this, and buying tokens on the secondary market is considered risky by some.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CEO of Protocol Labs, Juan Benet, called the reports of a miner strike nonsense a day after the launch of the Filecoin mainnet.<\/p>\n","protected":false},"author":1,"featured_media":30343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1488],"class_list":["post-30342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-filecoin-fil"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30342"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30342\/revisions"}],"predecessor-version":[{"id":30344,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30342\/revisions\/30344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30343"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}