When will Filecoin's biggest dividend period come? How can you maximize your own interests in Filecoin?

When will Filecoin's biggest dividend period come? How can you maximize your own interests in Filecoin?

Friends who follow us know that the Filecoin project has been heating up recently. Thousands of miners at home and abroad are waiting for the launch of the Filecoin mainnet, and they all want to get a piece of the pie. But there is only so much pie, how can we stand out among the thousands of miners, and how can we get the biggest bonus from Filecoin?

Revenue = number of coins × price of coins

Profit = Revenue - Cost


1. The higher the number of coins, the higher the profit.


Filecoin's block rewards are set according to the half-life of elements, and each block will decay once. The earlier you participate in mining, the more coins you will mine.


In the early stage of Filecoin mining, the number of nodes is small, the proportion of miners' storage capacity is high, and the probability of obtaining FIL coins per unit time will be higher. After the main network is launched, a large number of miners will join, and the total storage capacity of the entire network will grow rapidly. This growth rate is much higher than the growth of the storage capacity of a single node. Therefore, as time goes by, the proportion of a single miner's storage capacity in the entire network will be smaller, and the probability of obtaining block rewards will also be smaller.


Therefore, it is easier to mine more coins and earn more profits if you participate in mining in the early stage.



2. The higher the price of the coin, the higher the profit.


Participating in Filecoin mining as a storage miner requires paying a certain amount of mortgage coins. At the same time, during the transactions in the retrieval market and the storage market, Filecoin tokens will be locked until all orders are completed. Therefore, early miners will not put a large number of Filecoin tokens into the secondary market for circulation, which will lead to currency scarcity.


Although investors who participated in Filecoin's private and public offerings hold 10% (200 million) of Filecoin tokens, the distribution period of these tokens ranges from 6 months to 3 years, so there will not be many of these tokens flowing into the secondary market in the first 6 months after the launch, which will also lead to the scarcity of the currency.


Before the Filecoin mainnet is launched, some off-market funds will be on the sidelines. They have high expectations for the project, but will choose to participate in a conservative way to avoid risks. Once Filecoin is launched and the market is good, these funds will enter the market. With financial support, Filecoin will have a good trend.


Therefore, the price of Filecoin will be relatively strong in the first few months after its launch, and the price advantage will increase our profits.



3. The reduction of costs will increase our profits.


The most basic requirement for mining is a server. The production cycle of a server is about one to two months, and the production cycle varies with the number of servers and different manufacturers. As the launch of Filecoin is getting closer, server manufacturers have also begun to increase server prices. From now on, server prices will only get higher and higher. At the Q&A meeting on March 6, Juan Bennett made it clear that home computers cannot participate in mining. If you want to participate in mining, a professional server is essential.


If you want to have a good mining environment, you also need fast enough bandwidth, computer rooms, cabinets, etc. The whole system is costly. Now there are many computer rooms that can provide server hosting services, which can greatly reduce the mining costs of miners while creating a good mining environment for mining.


Therefore, purchasing a server in advance and hosting it in a professional computer room can greatly reduce our mining costs.




To summarize the above points, participating in Filecoin's "first mining" is a good choice. During the "first mining", miners will mine more coins and the period of first mining is also a time when the coin price is relatively strong.


The launch time of Filecoin mainnet is between June 15th and July 17th. Excluding the server production cycle, those who want to participate in Filecoin's "first mine" need to prepare the server around May.


Currently, there are about 30,000 to 100,000 effective mining machines on the market that can actually mine coins. In the early stage, the income of Filecoin miners mainly comes from "block packaging rewards". In the first year after the main network is launched, an average of 418,000 Filecoins will be released every day. Conservatively estimated, there are 100,000 effective mining machines on the market in the first year, so each mining machine can mine about 4.18 FILs per day on average.


Taking a 96T server as an example, the annual revenue = 4.18 × 54 × 365 = 82387.8 yuan

(The current Filecoin futures price is 54 yuan)



However, among these 100,000 servers, the competitiveness of each server is different, and the actual benefits will be very different. The server of Zhilan Bofeng Technology Co., Ltd. is the highest configuration selected after testing. It is also a server launched in 2018. When many manufacturers' servers can no longer participate in testing and mining, Zhilan Bofeng's servers have already successfully mined blocks in the test network. Its strength can beat 80% of the mining machine manufacturers on the market.


Finally, I’ll tell you a secret: the price of Zhilan Bofeng servers has not been raised since they were first sold. As for whether the server price will increase as Filecoin becomes more popular, it is still unknown...


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