Chinese company New Universal (Newu) has announced plans to purchase mining equipment for the filecoin (FIL) cryptocurrency. According to a disclosure, the Shenzhen-listed company wants to buy computing servers and data storage systems from a Chinese company called Sesumg.
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The equipment will be connected to the InterPlanetary File System (IPFS) decentralized storage protocol that Filecoin runs on. It is expected that the first delivery of equipment will include 500 units of computing servers and 100 data storage systems. It remains unknown when exactly the company plans to deploy all the equipment.
In October last year, Filecoin's ecosystem faced miners' resistance as almost 1.2 million FIL tokens had been sold on cryptocurrency exchanges shortly after the mainnet launch. The five main cryptocurrency miners of the Filecoin network suspended mining operations due to the project's "unfair economic model." One of the miners even reportedly reduced the number of working InterPlanetary File System (IPFS) machines from 8,000 down to 276 as miners were required to stake a big sum of FIL tokens as "Initial Pledge Collateral" in order to start mining.
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