Filecoin Weekly-63: The space race begins, a turbulent week!

 

Co-edited by Steven Li and Iris

 

Project Introduction

[Project Introduction] Filecoin is a decentralized storage network that transforms cloud storage into an algorithm market.

[Project Progress] Space Race (August 25th-September 15th, Beijing time)

• On August 25, 2020, Space Race started on time;
• The growth rate of computing power is unprecedented, 10PiB/day;
• The network is stuck at 101 height, the engineer of the Force area found the first bug;
• Robot upgrade, order suspension;
• Economic model explanations are introduced.

 

[FIL trend last week] 1FIL=162.16CNY, a weekly increase of 13.09%.

(Data from coinmarketcap.com )

 

Hot last week

[Filecoin] Major events:

• The space race started as scheduled and experienced bugs (pause block production) and DDoS attacks (computation power loss), and the network is currently operating relatively well.
• "Creating the Filecoin Economy" was released. The Filecin economic model explained in more detail, and the preliminary parameter settings (subject to change). The official is currently collecting opinions and suggestions.

• According to the network data last week, the official adjusted the reward unlocking: 10T--25k FIL

  100T - 50k FIL

  1P - 100k FIL

  5P - 100k FIL

  10P - 500k FIL

• Current network data (14:00)

[The Force Zone] Major events:

• 10+ nodes will be activated at the same time as soon as the force zone space race is opened.

• The engineer discovered the first bug in the Filecoin network at the height of 101, which caused the block production of the entire network to be suspended. Officially: This is the first victory of the space race.

• The force area node t02438 has a steady increase in computing power and a steady increase in revenue last week.

 

The Force Report

"The Force Research | Mining Guide (1): Filecoin network construction logic and the dilemma of innovators"

[Introduction] It’s been almost a week since the space race. The computing power of large miners has increased or decreased, and a large number of order success rates are still not up to standard, not to mention that small miners are still "heating up" and trying to connect to the network. How to become a Filecoin miner? How can small miners participate in the space race to get a share? This report answers for you.

 

Activity review

[IPFS Force Zone × Force Xinsheng] "Li Xin, CTO of Force Zone: The stability of Filecoin mining has always been of vital importance"

[IPFS Force Zone×Mars Cloud Mine] How long will it be before the mainnet launch of the Filecoin space race?

[IPFS Force Zone×IPFS100 Questions] " Fore Force Zone Baili: The most noteworthy thing about the space race is actually the operation and maintenance capabilities"

[IPFS Force Zone × Milin Finance] "The forefront of the Filecoin space race, you are all concerned here! 》

 

[Filecoin official event]

• Space Race Opening Ceremony "What is the key message at the opening ceremony of the Filecoin Space Race? 》

  Review link:

  https://www.bilibili.com/video/BV1mp4y1Y7PW

• Filecoin Mining Workshop #1 review link:

  https://www.youtube.com/watch?v=D9qdv_3yNbM

• Miner Show and Tell review link:

  https://www.youtube.com/watch?v=HddZ0qJgG2g

• Space Race Report #1 review link:

  https://www.youtube.com/watch?v=Tx3BAwmUnSU

 

This week event

• Filecoin Mining Workshop #2, this Wednesday at 0:00
• Filecoin Live AMA, this Thursday at 9:00
• Central China Blockchain and Wuhan International Summit, this Friday at 9:00
• Miner Show&Tell, this Friday at 9:00
• Space Race Report, this Saturday at 8:00
• More activities are in preparation...

 

Technical Update

• Space Race code is frequently updated: 0.5.0, 0.5.1 to 0.5.6;

  The current stable version is v0.5.6;

• Repair a lot of problems: DNS address tracking problem;

  Message error detection and handling;

  The random number of the genesis block is randomized to prevent pre-mining;

  Fix the problem caused by the wrong sector in Post;

• A large number of improvements in the message pool, including gas cost estimation, message selection, etc.;
• Add more tracking information of blocks and improve block synchronization;
• "Interpretation of Filecoin Economy" was released, with detailed explanations and basic economic parameter settings;
• Design document update: add tags to document pages to indicate the status of the document;

  Complete payment channel documentation, etc.

 

Popular reading

"Li Xin, CTO of The Force District: The stability of Filecoin mining has always been crucial"

"Iceberg Model: Uncovering the Secrets Behind the Stability and High Yield of The Force Mine"

"Mining Guide (1): Filecoin network construction logic and the dilemma of innovators"

Filecoin Weekly Report is originally produced by IPFS Force Zone

【IPFS Force Zone】

Values: value building and sharing glory

Headquartered in Shanghai, it gathers many technical experts and enthusiasts based on distributed network & storage to deeply cultivate the business ecology and community development based on IPFS.

The “Distributed Storage Network” theme salon is held every Tuesday, bringing together many technical experts and IPFS enthusiasts. Through continuous output of comprehensive, detailed and high-quality IPFS consulting and technical support, the enthusiasts in the ecology are transformed into IPFS supporters and Participants, build the healthy development of the IPFS ecosystem.