The Filecoin mainnet was officially launched on October 15th, and the miners finally went online after waiting for many years, which made many miners say that their hair was white. From the early proofs used for storage and replication, to a huge decentralized advanced system project, this also makes Filecoin a more powerful project ecology. V| jasonbody
With the attention of the global market, Filecoin has upgraded the network through an open, distributed, and verifiable storage layer. The Filecoin network represents a new point-to-point way of storing and retrieving data, protected by an encryption certificate to verify whether the data is uniquely stored and copied over a period of time.
The successful launch of the mainnet this time is undoubtedly a great change for the blockchain industry. This has laid the foundation for the application and development of IPFS. Participants around the world will work together for the application of distributed storage. The development value of Filecoin occupies a very important position.
But after the mainnet went live, a series of problems also appeared. Under the superposition of various contradictions, most of the top miners have been shut down these days.
On the evening of October 17, it was reported by the media that the five leading miners of the pioneer system, including Zhiheyun, had collectively suspended their demonstrations in order to compete with the government. . In addition to the sharp drop of Zhiheyun’s mining machine equivalent from more than 8,000 to 276, the equivalent of four other mining machines such as 1475 has been zero, and the mining machine equivalent of Space Cloud has also dropped from more than 1,000 last night to the current 1870. It is reported that There are still many companies who choose not to increase their computing power.
The main reason for the suspension of top miners is the official pre-mortgage mechanism and the 180-day linear release cycle. As mentioned in the previous article of the original interstellar community, the pre-staking mechanism of the Filecoin network is an important part of the economic model. This mechanism can ensure the exit threshold of miners and ensure that miners can continuously and stably serve network customers. Ensure the stable operation of the network. However, the pre-staking fee is too high, which creates a certain dilemma for miners.
First of all, the amount of pre-staking is large, and the current currency price is relatively high. In the case of a large number of mining machines, miners need to purchase a large amount of pledged coins, so in the case of no mining, in addition to the machine cost , Also need to invest a large amount of pledge cost, which is unbearable for miners. In addition, another point is that the price of FIL tokens is still in a relatively high range when the mainnet is currently online. No one can guarantee that the price of the pledged coin will remain at the current high point after the pledged coin passes through 24 pledge cycles in a year. . If the staking period passes and the price of the staking currency drops, it will be a considerable loss for the miners who bought the staking currency.
Therefore, this problem caused the suspension of the head miners. So we see that even though the mainnet has been online for 5 days, the head miners still haven't invested a lot of mining machines to participate in mining. It's not that they don't want to, but that they can't buy so many pledge coins.
After a few days of gaming between miners and the official, the initial results have been achieved, and the official has also made concessions and announced a new economic model, that is, from the previous block reward 100% into a 180-day linear release cycle, which 25% is released immediately, and the remaining 75% undergoes a 180-day linear release cycle. The emergence of this new economic model will definitely ease the pressure on miners.