The essence of Filecoin miners: serving the entire network

Storage: Miners need to pledge FIL, quote, and grab orders. After obtaining the task, they download the file to their local disk. After completion, they need to submit the copy proof and time-space proof to the system to prove that they have completed a complete storage link. After completing the staged storage, they can get the corresponding handling fee, that is, FIL.

Packaging (mining): Block packaging rewards can be understood as subsidies given by Filecoin officials to miners

Retrieval: Miners perform hash retrieval on the entire Filecoin chain based on the target file, determine the storage node of the file based on the distributed hash table, and submit it to the client. The corresponding handling fee (also FIL) is obtained by retrieving information (partial fragments of the entire file). The packaging link is mining. In this link, miners actually package the transaction information as well as the storage and retrieval information on the chain, and complete the entire link through block explosion. FIL comes from two channels: ① FIL in the block, which is the most fundamental mining; ② The packaging fee comes from the storage miners.

Incentive mechanism - mining to obtain FIL

Competition mechanism - fighting for the right to explode blocks

Penalty mechanism - Failure to deduct FIL in time