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Professionalism and focus, win-win cooperation At 22:44 on October 15th, Beijing time, after three years, Filecoin successfully welcomed the launch of the mainnet. In the past three years, the IPFS/Filecoin industry has undergone new changes every day, with gradually mature technology, constantly changing number of nodes, stabilization of the community ecology, and gradually transparent industry truth. Yes, before the mainnet was launched, the entire industry, including the Filecoin development team, was crossing the river by feeling the stones, and in the process of continuous exploration, they sought the best solution to build this great ecosystem. However, the complexity of Filecoin itself has made many people increasingly confused. The economic model, release rules, mortgage mechanism, allocation system, unit output... It is hard to tell them apart, and it has also cast a veil of mystery over Filecoin. Some people began to question whether this distributed storage technology, which claims to be able to subvert the next-generation Internet underlying transmission protocol and realize the value Internet, is really worth waiting for three years? Of course, after the launch of the Filecoin mainnet, for those who have participated or are watching, the most important thing is the output and price of FIL. Through the screen, you can feel the enthusiasm of crypto market players from all over the world in major communities to discuss FIL. There seems to be a phenomenon in this industry, that is, there must be a battle between stone workers and coders. In Filecoin, it is nothing more than a pledge issue. The development team wants to pledge to build an ecosystem, and the manufacturers are under pressure to release as much as possible to customers to realize it as soon as possible. In fact, for a long time, stone workers and manufacturers have been full of complicated feelings about Filecoin, and these feelings are mainly reflected in the FIL unit output and distribution system after the mainnet is launched (taking the Alliance Pool as an example) : 1. About the Space Race1 pledge issue As of 22:44 on October 15, the total storage capacity of the three LDPool nodes "f02770", "f02775", and "f02767" is 500PiB, generating a total of 1,139,433.96 staked FILs, which have been transferred to the main network. Users who purchase Lingdong products before 00:00 on August 25 can be allocated 2.278 staked FILs per TiB . It should be noted that according to the official rules of Filecoin, the life cycle of the sectors packaged during the space race is 540 days. The pledged FIL will be released after the sector life cycle ends according to the official release mechanism at that time. 2. About storage space and effective computing power Storage space and effective computing power are two different concepts . Many people may have misunderstandings about this. The so-called storage space refers to all the capacity purchased by the customer, while the effective computing power refers to the part of the computing power that can actually produce FIL in the purchased space capacity. After considering multiple factors such as security, stability and utilization, the Alliance Pool adopts a 1.5x redundancy solution to maximize customer benefits. Filecoin allocates corresponding block packaging rights based on the effective computing power ratio of the customer, and the effective computing power ratio is directly proportional to the block generation rate. The data on the block browser is calculated based on the effective computing power, but because the effective computing power conversion rate of each node is different, and the customer's allocation is calculated based on the storage space or the effective computing power conversion rate of the storage space, there are differences between each company. 3. About the release mechanism and single T output After the Filecoin mainnet is launched, block rewards are released linearly according to the 180-day period, that is, only 1/180 of the daily FIL output is released. However, according to the FIP-004 proposal, the FIP-004 proposal (already implemented) will be implemented at the block height of 170,000, directly releasing 25% of the block rewards, and the remaining 75% of the block rewards will still be released linearly according to the 180-day period. According to the official initial release rules, 420,000 FIL are released every day. However, after adjustments, 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 on the entire network every day is only about 150,000 FIL . For the convenience of calculation, the data is taken as an example of integers. If the current network size is 650PiB, the daily network output is 150,000 FIL, and LDPool has a computing power of 65PiB, the calculation formula is as follows: (Alliance Pool 65PiB ÷ 650PiB in the whole network) ✖150000FIL÷65PiB÷1024T=0.225FIL. The calculation results show that the FIL produced by the current effective computing power of LDPool is higher than the average of the whole network. However, due to the current pledge issue, the FIL produced by Lingdong’s current effective computing power must be allocated to the entire LDPool capacity. The specific calculation formula is as follows: (Alliance Pool 65PiB ÷ Whole Network 650PiB) ✖150000FIL ÷ (500PiB capacity ✖1024T) ✖80% technical service fee (the above is an example value, not the actual value, the specific output is subject to the LDPool APP data display) Taking the Lingdong 22T product as an example, the daily output FIL calculation formula is as follows: (65÷650)✖150000FIL÷(500✖1024) ✖80 % ✖22 =0.515625FIL (The above is an example value, not the actual value. The specific output is subject to the data displayed on the LDPool APP) The above figure shows the network data as of 13:55 on October 29. You can calculate the actual value based on the corresponding parameters. At the same time, LDPool will release the previous day's output at 14:00 every day, divided into frozen balance and available balance. According to the official release mechanism, 25% of the daily output will be released to the available balance the next day, and the remaining 75% of the frozen balance will be released 1/180 to the available balance every day. Since the user's device hosting service or computing power contract has a service period, the block rewards obtained by the user during the service period or the income transferred to the sector pledge will be released within 180 days after the end of the service period in accordance with the release mechanism of the Filecoin network. 4. Regarding the issue of pledge and computing power growth At present, the pledge issue has become the biggest game between the government and manufacturers. Having equipment without pledge has become the top problem. Due to insufficient pledge, all nodes are unable to operate at full capacity to package sectors , so the computing power is also facing the embarrassing dilemma of weak growth or even negative growth. Fortunately, the implementation of the FIP-004 proposal has eased the liquidity of Shi Guang Gong to a certain extent. The higher computing power obtained by LDPool users during the space race also helped LDPool solve a large part of the pre-staking problem. Although staking is still a problem for the entire industry at present, everything is gradually moving in a good direction. Taking the network data at 14:42 on October 29 as an example, 1T capacity space is equal to 1024GiB, one sector is 32GiB, and the calculation formula for the required pledged FIL is as follows: ( 1T✖1024 GiB )÷32 GiB✖ 0.1948 =6.2336 FIL Taking the Lingdong 22T product as an example, the FIL required to be pledged every day is as follows: ( 1✖1024 )÷32 ✖ 22 ✖ 0.1948=137.1392 FIL Because staking affects the growth rate of computing power, and our output is closely related to the growth rate of computing power. For example: the current effective computing power of the Alliance Pool is 65PiB, and the effective computing power of the entire network is 650PiB, so the number of FILs that the Alliance Pool can produce every day is 65÷650×150000=15000 pieces; when the effective computing power of the Alliance Pool increases by 2PiB the next day, the effective computing power is 67PiB, so 67÷650×150000=15461 pieces. By analogy, as the daily effective computing power continues to grow, the corresponding FIL output is also increasing. Back to the beginning, regarding the low daily output of a single T, which is what everyone is most concerned about, the main reasons can be summarized into three points: 1. Staking FIL: Since the start of the space race, the leading manufacturers in the industry have basically grown their computing power at the PiB level. However, after the mainnet was launched, due to the staking issue, the computing power of the leading manufacturers basically only increased by a few hundred TiB per day. The computing power growth rate of the entire network has dropped by more than 90%, so the income will also decline. In the final analysis, it is caused by the staking issue. 2. Daily release volume of the entire network: The official release rule is to release only 30% when the network baseline of 2.5EB is not reached. Therefore, only about 150,000 FIL can be released every day, which is determined by the release volume of the entire network. 3. Release mechanism: The current economic model distribution mechanism is to release 25% immediately every day, and the remaining 75% is released linearly. This rule applies to all nodes in the entire network, and pledge is a variable. When the pledge problem is improved, the single T output will gradually accumulate. Finally, Fileocoin must be a long-term market investment behavior. The price and transaction volume also reflect the real market sentiment. In the past three years, Filecoin has been in obscurity for most of the time. Although its previous historical performance was obscurity, Filecoin is also gradually accumulating strength. As the saying goes, you can tell a person's future at the age of three and his character at the age of seven. In this industry, the leap forward for Fileocoin is the launch of the mainnet, and now it has a unique style and a clear-cut stance. However, all the past is just a prologue, and the story of Filecoin has just begun. The future is long, and let us look forward to everything about it with confidence. |
