DMEX
  • DMEX Overview
  • the nitty-gritty
  • What Does DMEX Try To Solve
  • DMEX Platform Introduction
  • DMEX Contact Info
  • DMEX Mining Models
  • DMEX Mission
  • DMC Token Economy Model
  • DMC’s Practical Applications
  • Security Audit
  • DMEX dapp instruction
    • (1) Create a New Wallet
    • (2) Four Easy Steps to Purchase DMC
    • (3) DMC Single Asset Staking Mining
  • (4) Purchase Mining Power NFT
  • (5) Single Token Mining
  • (6) Liquidity Mining on Huobi Eco Chain (HECO)
  • (7) FIL Mining Power NFT Collateral Loan
  • (8) DMEX's Refer-and-Earn Program
  • (9) DMEX DAO Governance Voting Instructions
  • (10) Liquidity Mining on Binance Smart Chain (BSC)
  • DMEX Questions & Answers
    • Basic Crypto Concepts
    • DMEX's Platform Token $DMC
    • DMEX DApp
    • DMEX Staking and Mining
    • DMEX NFT
    • DMEX Mining Power NFT Collateral Loan
    • DMEX Refer and Earn Program
    • DMEX Super APY Event
  • DMEX Announcement
    • Latest DMEX Announcements
    • 1216 - Announcement on the upcoming launch of DMEX's BTC mining power NFT product
    • 1101 - Announcement on DMEX's upcoming discontinuation of access in mainland China
    • 1008 - Announcement on DMEX's upcoming launch in Binance Smart Chain (BSC)
    • 0819 - Announcement on collateral loan income compensation
    • 0816 - The 180-day linear release mechanism of FIL mining
    • 0817 - Announcement on adjusting the mining pool output ratio
    • 0813 - Announcement: DMEX platform's 14th batch of FIL mining power NFT is now online
    • 0813 - Announcement on the upcoming DMC mining reward reduction
    • 0812 - Customer service hour adjustment
  • Knowledge
    • WHAT IS MINING AND CLOUD MINING
      • What is mining
      • What is cloud mining?
    • WHAT IS FILECOIN
      • What is Filecoin?
      • Glossary
      • How Filecoin Works
      • Why Filecoin?
      • IPFS and Filecoin
      • Network performance
      • Comparing Filecoin
      • Managing assets
    • HOW MINING WORKS
      • How mining works
      • Hardware requirements
      • Understanding Filecoin Circulating Supply
      • Mining architectures
      • Mining rewards
      • Slashing
    • FILECOIN FAQ
      • Filecoin FAQ
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On this page
  • 1. What is cloud mining?
  • 2. What is Filecoin (FIL)?
  • 3. I think FIL's price will definitely go up in the future. How do I make more FIL on DMEX?
  • 4. What is Heco?

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  1. DMEX Questions & Answers

Basic Crypto Concepts

Previous(10) Liquidity Mining on Binance Smart Chain (BSC)NextDMEX's Platform Token $DMC

Last updated 3 years ago

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1. What is cloud mining?

Cloud mining is the process of using cloud mining service to mine cryptocurrencies. You pay third party mining platform to do all the work for you (e.g. buying mining machine, configuration, paying for electricity, cooling down the sever room, routine maintenance and emergency repair). You receive mining incomes proportionate to the percentage of cloud mining power you purchase. In essence, cloud mining is highly convenient for the average users.

2. What is Filecoin (FIL)?

FIL (Filecoin) is a highly popular open-source public cryptocurrency and digital payment system built by Protocol Labs (). It is a highly practical cryptoecosystem that allows users to rent unused hard drive space. You can read more about FIL (Filecoin) on their official website here:

3. I think FIL's price will definitely go up in the future. How do I make more FIL on DMEX?

Token price wise, FIL is indeed a very promising token with great future values:

On DMEX, you can stake $DMC, $HUSD or $HFIL to earn $HFIL, $HUSD is the stable coin on Heco Chain. $HFIL is FIL (Filecoin) on Heco Chain.

4. What is Heco?

HECO is the smart chain of Huobi (). One of the biggest crypto exchanges in the world. HECO is a cost efficient public chain that is fully compatible with Ethereum. HECO is much faster than Ethereum while the gas fee is minimal. Gas transaction fees at HECO are as low as0.001 $USD.

HECO official website:

https://protocol.ai/
https://docs.filecoin.io/about-filecoin/what-is-filecoin/#for-users/
https://coinmarketcap.com/currencies/filecoin/
https://www.huobi.com/
https://www.hecochain.com/en-us/