Professionalism and focus, win-win cooperation For Filecoin, whether it is the project party, major manufacturers or market participants, the FIP-0014 proposal vote from March 23 to March 27 has undoubtedly become the biggest focus of this week, because the results of this proposal vote will have a great impact. 01. What is the FIP-0014 proposal? Filecoin launched the testnet before the mainnet. At that time, some manufacturers did not use a full 540-day sector packaging cycle. In order to be more flexible, they adopted 180 days, 270 days, or 360 days. This means that if the packaging cycle expires, there will be a question of whether to repackage. Repackaging means that it will take time to re-stake and run computing power, which means that the benefits of some market participants have slowed down. So the question of whether to extend the period has been raised, and now two camps have been formed, either supporting the extension period or opposing it. Supporters believe that the development team did not notify the matter in advance, otherwise everyone would adopt the 540-day plan, which would seriously affect the output. Opponents believe that early participants who used the 540-day cycle have already benefited a lot during the test network period, and it is fair to give it to later participants. To put it bluntly, it is still a question of revenue and security, because V1 proves that it is not actually very secure. At this time, after new proposals and improvements from some community members, the FIP-0014 proposal was put forward based on fairness (interests of participants) and security (Filecoin network security) , which means that the packaging cycle can be extended while setting a maximum life cycle to limit it. Whether it is due to issues of production, fairness or safe development, the community’s supporters, core developers, official personnel, etc. ultimately reached this result after concessions and discussions, but is this the end? 02. Filecoin Community Autonomy Milestone The greatest significance of this proposal vote is that it was initiated by the community for the first time, and the result was decided by community autonomous voting, which means that the people themselves decide whether to adopt the FIP-0014 proposal. Therefore, this vote is of great significance. Previous proposals were put forward by the development team and discussed with the community, and most of them were enforced, but this time it is not the case. Of course, whether this proposal will be passed depends on the actual results of the nodes participating in the voting, and it may also affect the interests of some participants, but in the long run these are all necessary steps in the development process of Filecoin. You may ask, doesn’t repackaging just take some time? Can’t you just use the previously pledged coins? In fact, if it is repackaged, the factors affecting the output are not just a matter of time. There are two very important factors, that is, the amount of pledge is increasing, and the gas fee is also increasing. This is another hot topic discussed in Filecoin this week. For example, when a participant participated in the test network in the early stage, he might only need 6 FILs to stake per TB. However, in recent times, taking Filecoin browser data as an example, the cost of computing power growth per TB is 22.89 FILs, of which 9.9 are staked. If it is repackaged, the current pledge amount will be much larger than before. Not only that, the current Gas fee is also getting higher and higher, so this is also the reason why early participants who used the 540-day packaging cycle requested an extension. In the past few days, the gas fee has risen again. The gas fee fluctuation is inevitable, and it is also the inevitable volatility in the Filecoin mining process. Some users stare at the output in their APP every day, and they get startled by the slightest fluctuation. Fil output is a wavy line that is close to a straight line. It is normal for many factors to affect daily output. It’s like if you go to the secondary market to trade in waves and stare at the market every day, wouldn’t you be tired? That’s why more and more people choose the mining method, which is to extend their vision, choose the long-term and the final big returns. It doesn’t matter what happened in the middle or where you have been. The most important thing is where the destination is. 04. 64G sector packaging is still the first choice! There are currently two sector packaging solutions for Filecoin mining equipment, either 32GiB or 64GiB . Almost all manufacturers on the market use 32GiB . The current 64GiB sector packaging solution can save 50% in gas fee consumption! According to the blockchain browser on March 24, the number of Fils required for a single terabyte computing power increase in a 64GiB sector is approximately 16, while a single terabyte computing power increase in a 32GiB sector requires approximately 23. From the perspective of overall computing power growth, as more and more people participate in the future, the computing power of the entire network will inevitably continue to increase, and its pledge and gas fees will also grow slowly in a spiral. Therefore, the sooner the computing power packaging is completed, on the one hand, the packaging cost will be relatively lower, and on the other hand, the full computing power output can be obtained sooner. 05. Filecoin is still in the bonus period Some people may have questions. Since the cost of increasing computing power per T is so high, is it still suitable to participate now? Of course it is worth it. First of all, Filecoin mining is halved every 6 years , and now the total circulation of Filecoin in the entire network is only about 100 million . As time goes by, more and more people will join, and the output will gradually decrease in the future, so it is still in the early stages. It has only been more than 5 months since the mainnet was launched. Compared with Bitcoin and Ethereum, they have been mined for several years, and there are still many people mining. Moreover, the current price of Fil is only around 80U, and its value is far from being released. Don’t focus on the current price, but the future. Because in the near future, you will find that more and more enterprise-level participants will join, even national-level participants, and the competition will become more and more intense. This also means that the value of Filecoin is being magnified. Once a large amount of capital enters the market, how many chances will you have? Finally, joining earlier means lower costs and higher returns! |