After three years, Filecoin successfully ushered in the mainnet launch. Over the past three years, the IPFS/Filecoin industry has undergone new changes every day, with gradual maturity of technology, ever-changing number of nodes, the stabilization of the community ecology, and the increasingly transparent truth of the industry.
Before the mainnet went live, the entire industry, including the Filecoin development team, was crossing the river by feeling the stones, seeking the best solution in the process of continuous exploration to build this great ecology. It's just that the complexity of Filecoin itself makes many people more and more confused. Economic models, release rules, mortgage mechanisms, distribution systems, unit output... make people silly and unclear, and also cast a layer of mystery for Filecoin. Veil, some people began to question whether this distributed storage technology, which claims to be able to subvert the next-generation Internet's underlying transmission protocol and realize the Internet of value, is really worth the wait for three years?
Of course, after the Filecoin mainnet is launched, as people who have participated and are watching, they are most concerned about the output and price of FIL. Through the screen, you can feel the crypto market players from all over the world in major communities. Discuss the passion for FIL. There seems to be a phenomenon in this industry, that is, there must be a battle between miners and code farmers. It is nothing more than a pledge issue on Filecoin. The development team wants to pledge to build the ecosystem, and the manufacturers are of course hope under pressure. Can be released to customers as much as possible to realize as soon as possible. In fact, for Filecoin, miners and manufacturers have been full of complicated feelings, and these feelings are mainly manifested in the FIL unit output and distribution system after the mainnet launch (take StarPool as an example):
. Regarding the distribution of Space Race rewards 1. SR1 (2020-08-25 to 2020-09-15) StarPool nodes t01231, t016398 and an overseas node with a total computing power of 10PB. Total number of rewards: 130,000 FIL
A total of 297000T storage capacity participates in the distribution. According to the previous StarPool settlement instructions, customers who purchased the steel box mining machine before 0:00 on August 25th have already distributed the income and displayed it in the StarPool App (without deducting technical service fees). Unlocking rules: 180 antennas are released.
2. SR2 track 1 (September 15th-October 15th 22:45 mainnet launch), for miners, all computing power & pledged coins will be migrated to the mainnet until October 15th at 22:45, Star Pool The total computing power of the four nodes f01231, f016398, f023530, and f021479 is about 30PB. Total rewards: 500,000 FIL
A total of 360,000T storage capacity participates in the distribution (without deduction of technical service fees).
Unlocking rules: about 228,000 FILs are used for mining pledges. According to Filecoin's official economic model rules, the sector life cycle is 540 days. After 540 days of the sector life cycle, you can choose to continue mining or withdraw. Fans after withdrawal The life cycle of district computing power ends automatically. The remaining about 272,000 pieces are block revenue (released according to 180 antennas)
3. For detailed data, please refer to https://filscout.io/zh browser query. It should be noted that according to Filecoin official rules, the life cycle of the encapsulated sector completed during the space race is 540 days, and the pledged FIL will live in the sector. After the period ends, it will be released according to the official release mechanism at that time.
2. Regarding storage space and effective computing power, storage space and effective computing power are two concepts. Many people may misunderstand this. The so-called storage space is all the capacity purchased by the customer, and the effective computing power refers to the purchase In the space capacity, that part of the computing power that can actually produce FIL with efficiency.
Filecoin allocates the corresponding block packaging rights according to the percentage of effective computing power of customers, and the percentage of effective computing power is in direct proportion to the block generation rate. The data on the block explorer is calculated based on the effective computing power, but because the effective computing power conversion rate of each node is different, and the allocation of customers is based on the storage space or the effective computing power conversion rate of the storage space. Therefore, there are differences between each family.
3. Regarding the release mechanism and single-T output Filecoin mainnet launch, the block reward will be released according to 180 antennas, that is, only 1/180 of the daily output FIL will be released. However, according to the FIP-004 proposal, the FIP-004 proposal (implemented) will be implemented at the block height of 170,000, and 25% of the block reward will be released directly, and the remaining 75% of the block reward will still be released according to the 180-day antenna.
According to the original official release rules, 420,000 FIL is released every day, but after adjustment, the economic model stipulates that only 30% can be released before the network baseline reaches 2.5EB. That is, the amount that can be released every day on the entire network is only about 150,000 FIL.
To facilitate calculations, the data uses integers as an example. If the entire network is currently 650PiB, the daily output of the entire network is 150,000FIL, assuming StarPool 65PiB computing power, the calculation formula is as follows:
(StarPool 65PiB/full network 650PiB) *150000FIL/65PiB/1024T=0.225FIL The calculation result shows that the current effective computing power output of StarPool is higher than the average value of the entire network.
However, due to the issue of staking, the FIL produced by the current effective computing power of Star Alliance must be allocated to the entire StarPool capacity. After the mainnet is launched, the total amount of the mining pool is 490000T, 490000T/1024=478PiB.
The specific calculation formula is as follows: (StarPool 65PiB/full network 650PiB)*150000FIL/(478PiB capacity*1024T)*80% technical service fee (the above is an example value, not the actual value, the specific output is subject to the StarPool APP data display)
Taking the specific products of Star Alliance 8T as an example, the daily output FIL calculation formula is as follows:
(65/650)*150000FIL/(478*1024)*80%*8=0.196130FIL (The above is an example value, not the actual value, the specific output is subject to the data displayed by StarPool APP)
The above picture shows the network data as of 10:05 on October 30th. You can calculate the actual value according to the corresponding parameters. At the same time, StarPool will release the previous day's output at 12 o'clock every day, divided into locked balance and available balance. According to the official release mechanism, the output of that day will be released to the available balance the next day by 25%, and the remaining 75% of the locked balance is daily Release 1/180 to the available balance.
Since the user’s device hosting service has a service cycle, the block rewards or sector pledged income received by the user during the service cycle will follow the release mechanism of the Filecoin network after the service cycle ends, and within 180 days after the end of the service cycle The release is complete.
4. Regarding the issue of staking and the growth rate of computing power. At present, the issue of staking has become the biggest game between the official and the manufacturers. Having equipment without collateral has become the top problem. Because of the insufficient staking, all nodes cannot use their full power to carry out the sector. Encapsulation, so computing power is also facing the embarrassment of weak or even negative growth
However, fortunately, the implementation of the FIP-004 proposal has eased the mobility of miners to a certain extent. The higher computing power that StarPool users obtained during the space race also helped StarPool solve a large part of the pre-staking problem. Although it is still a problem for the entire industry to pledge, everything is gradually moving in a good direction. development of.
Taking the data displayed on the entire network at 11:43 on October 30 as an example, 1T capacity space is equal to 1024 GiB, and a sector is 32 GiB. The calculation formula for the required pledge FIL is as follows:
(1T*1024GiB)/32GiB*0.1941=6.2112 FIL Taking the specific product of Star Alliance 8T as an example, the daily required pledge of FIL is as follows:
(1 * 1024) /32*8*0.1941=49.6896 sheets FIL
Because pledge affects the growth rate of computing power, and our output is closely related to the growth rate of computing power. For example: the effective computing power of the current StarPool is 65PiB, and the effective computing power of the entire network is 650PiB, then the number of FILs that StarPool can produce per day is 65÷650×150000=15000; when the effective computing power of the StarPool increases by 2PiB the next day, that is The effective computing power is 67PiB, so the calculation is 67÷652×150000=15414 pieces. By analogy, with the continuous increase of daily effective computing power, the corresponding FIL output is also continuously increasing.
Going back to the beginning, the reasons why the output per T-day that everyone is most concerned about is low, the main reasons are summarized in three points:
1. Staking FIL: Since the beginning of the space race, the top manufacturers in the industry have basically grown with PiB-level computing power. After the mainnet launch, due to the pledge problem, the top manufacturers basically only have a few hundred TiB increase in computing power every day. , The growth rate of the whole network's computing power has dropped by more than 90%, so the income will also decline, so in the final analysis, it is caused by the pledge problem.
2. Daily release of the entire network: The official release rule is to release only 30% when the network baseline of 2.5EB is not reached, so currently only about 150,000 FIL can be released per day, which is the release of the entire network To decide.
3. Release mechanism: The current economic model distribution mechanism is to release 25% immediately every day, and the remaining 75% are released linearly. This rule is for all nodes in the entire network, and staking is a variable. When the staking problem is obtained After the improvement, single T production will gradually accumulate.
Finally, Fileocoin must be a long-term market investment behavior. The price and transaction volume also reflect the true market sentiment. In the past three years, Fileocoin has been in a state of obscurity for most of the time, despite the previous historical performance. Obscure, but Filecoin is gradually accumulating strength.
As the saying goes, three years old look old, seven years old look old, in this industry, for Fileocoin, the leapfrog development is the launch of the mainnet, and now it has a unique style and a clear-cut stand. However, everything in the past is a prologue. The story of Filecoin has just begun, and the future is long. Let us look forward to everything about it with confidence.
