Filecoin creator denies strike allegations

Juan Benet, the creator of Blockchain-based data storage platform Filecoin, has called allegations that miners of its token have been on strike since to a report by 8btc. com, five of the largest Filecoin miners turned off their machines to protest the project’s “unfair” economic model, which currently requires a significant amount of FIL tokens to begin mining.

Crypto Twitter user Nico Deva was one of the first to claim that “a majority of miners” were on strike following allegations that they needed to buy Filecoin tokens (FIL) to take advantage of mining capacity. Filecoin’s founder showed data stating the 24-hour reward for the token’s top miner was $352,000, with the top 50 reportedly bringing in $3.7 million daily.

Timeline of Filecoin