When will the 4.25 million Fil reward be launched? Officials say: The miners have the final say on the launch time!

When will the 4.25 million Fil reward be launched? Officials say: The miners have the final say on the launch time!

At 11 a.m. on July 31, Filecoin officials said in Slack: "We will not start the reward test next Monday (August 3). The specific start date depends on the order success rate and the progress of the improvement of network congestion." The current official plan is to go online late next week or early the week after next, which is around August 10.

The 4.25 million reward has been postponed again. What is going on? Filecoin official Slsck gave the reasons: insufficient order success rate and network congestion need to be improved.

However, according to the latest official news, the miners have the final say on when the 4.25 million rewards will be launched!

01

From 100,000 Fil to 250,000 Fil reward

For miners competing for block rewards, there will be a new competition dashboard to track block reward rankings at:

https://reward.calibration.fildev.network/

The purpose of this reward is to incentivize real-world attacks based on mainnet rewards to win block rewards. The official expects the network to pass the stress test and increase the original 10Fil reward to 250,000Fil.

01

Restart the Calibration Network tap

Restarted calibration network tap URL:

https://faucet.calibration.fildev.network/

This time you need to have a GitHub account oauth to access, simulating a large miner test.

03

Calibration Network Restart

The calibration network was restarted on August 1, Beijing time. The code modules are basically fixed, and the economic parameters are continuously adjusted. They will be adjusted continuously before the main network goes online.

04

75% transaction success rate

Currently, the official plan is to conduct a rewarded test next week, August 6th. However, in order to ensure that all miners can meet the competition requirements, the official hopes that large miners can achieve a 75% transaction success rate before conducting a rewarded test.

If the goal is not achieved by August 12, the authorities will select qualified miners to participate in the test, and miners who do not meet the requirements will not be able to participate.

When will the reward test be launched? Who will get the 4.25 million Fil? All this is in the hands of all miners.

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