Filecoin Entry Notice

There are two types of Fiecoin mining, one is storage mining and the other is retrieval mining. Storage mining is more difficult than retrieval mining, and a certain amount of tokens must be pledged, but the income of storage mining is higher than that of retrieval mining.

FiIecoin is a distributed storage project. Mining is achieved by packaging data for storage and proving effective storage to the network to obtain effective computing power and Filecoin token rewards.

Storage space refers to the physical storage space of the hard disk, while effective computing power is based on Filecoin's economic model. Miners convert physical solid-state hard disk storage space into effective computing power. Computing power is also called storage power and the storage capacity of effective data. The size of storage space is not equivalent to effective computing power.

Filecoin uses a linear release rule. 25% of the mined tokens will be released on the first day, and the remaining 75% will be released linearly after 180 days. If you find a service provider that says it is not a linear release service, you need to pay attention! This is because linear release is the rule of the Filecoin mainnet .

FIL's mortgage mechanism allows miners to ensure that files are securely stored and readable at any time within a specific time as agreed. It can be understood that once a mortgage is made, the qualification right to storage is obtained. If a storage accident occurs, the mortgage will disappear as a punishment for the miner.