[Filecoin Weekly Report-65] The first round of the space race is about to end, what are the highlights of the second round?

• The space race aims to conduct stress testing and security testing on Filecoin, and to detect the effective storage and order transactions of miners;

• The current Space Race version is 0.7.0;

• The economic model parameters have been slightly adjusted;

• There is a second round of the space race, which is expected to start next week.

(Data from coinmarketcap.com)

• On September 12, Filecoin officially released a blog announcing the start of the second round of the space race:

  1) There will be no storage capacity reward in the second round of the space race;

  2) Some sectors successfully packaged and maintained by miners will be directly transferred to the main network;

  3) Part of the test FIL obtained by miners in the competition will be directly exchanged for mainnet FIL.
  

• On September 8, Filecoin’s economic model parameters were adjusted:

  1) The baseline initial value is increased, and the annual growth rate is reduced to 100%, and 5EB needs to be reached in the first year;

  2) The minimum amount of Deal pledge is reduced from 5% of the original circulation to 1% of the circulation;

  3) Undeclared sector error (sector error detection fee): changed from 5 days of income to 3.5 days of income;

  4) The early termination fee for sectors is changed to a maximum of 70 days or half of the sector service time, whichever is smaller. That is, if the sector service time is less than 140 days, the penalty will be less than 70 days;

  5) Block rewards: cancel the 20-day delayed release and change to no delay, and the 180-day linear release remains unchanged.
  

  
  

• On September 9, the official launched the Drand outage simulation. I wonder how many miners survived this simulation?

• At 21:58 on September 12, the Filecoin Space Race network computing power reached 200PiB.

  
  

• Current state of the space race:

  1) The current global computing power exceeds 218PiB; Asia’s computing power is 200PiB, accounting for 92% of the world’s total;

  2) The storage success rate has risen to 78%, and the retrieval success rate has risen to 97%. Miners who do not meet the standards still need to work harder;

  3) The dashboard shows that all rewards in Asia have been unlocked, 100,000 FIL have been unlocked in Europe and North America, 250,000 FIL have been unlocked in Oceania, and 50,000 FIL have been unlocked in South America and Africa.

• Current network data (14:00):

• On September 10, IPFS Force Zone Brand Business Director Bai Li was once again interviewed by Filecoin's official partner media Forkcast News.

• On September 8, IPFS Force Zone Brand Business Director Bai Li was invited to participate in the online AMA of Mist Finance & Ostrich Blockchain.

• The computing power of the Force Zone node t02438 grew steadily last week, and its revenue also increased steadily.