{"id":269460,"date":"2020-07-24T14:35:12","date_gmt":"2020-07-24T18:35:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=269460"},"modified":"2021-07-27T15:22:29","modified_gmt":"2021-07-27T19:22:29","slug":"qber-to-focus-majority-of-business-efforts-on-filecoin-mining","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/qber-to-focus-majority-of-business-efforts-on-filecoin-mining","title":{"rendered":"QBER to Focus Majority of Business Efforts on Filecoin Mining"},"content":{"rendered":"<p>QEBR, or the Virtual Medical International, Inc., a group that &#8220;develops or acquires promising technology companies from around the world that specialize in data processing, warehousing, encryption, and analysis,&#8221; is planning to focus all of its resources on Filecoin mining operations, a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/qebr-streamlines-holdings-to-concentrate-on-filecoin-development-and-mining-301098731.html\">press release from the group notes<\/a>.<\/p>\n<p>As you may know, Filecoin is a &#8220;decentralized storage system based in the cloud. Its InterPlanetary File System, or IPFS, requires FIL coins as payment to miners in exchange for storage space.&#8221; The project was a massive ICO back in 2017 when it launched, receiving funding from Andreesen Horowitz, Winklevoss Capital, and more.<\/p>\n<p>Speaking on the matter is Jun Liang, the CTO of QEBR, who said:<\/p>\n<blockquote><p>&#8220;The divesture of Sheen Boom and Jihye will allow our team to focus solely on the upcoming worldwide launch of Filecoin.\u00a0 QEBR&#8217;s subsidiary, Shenzhen DZD Digital Technology Ltd (&#8220;DZD&#8221;), has a strong background in blockchain development, data mining, encrypted data acquisition, data processing, and researching of data technology.We strongly believe that Filecoin has the ability to be a leading blockchain-based cryptocurrency and will put all efforts into making QEBR a significant player when the Filecoin mainnet launches soon.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">QEBR, or the Virtual Medical International, Inc., a group that &#8220;develops or acquires promising technology companies from around the world that specialize in data processing, <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/qber-to-focus-majority-of-business-efforts-on-filecoin-mining\" title=\"QBER to Focus Majority of Business Efforts on Filecoin Mining\">[&#8230;]<\/a><\/div>","protected":false},"author":1722,"featured_media":222366,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[7596],"tags":[8168,7571],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - 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