Official Blog | What does the Filecoin Mainnet Participation Guide say?

This article was originally written by IPFS Force Zone

In less than 24 hours, Filecoin mainnet is finally online after three years. As always, the official releases key blogs before major updates to help miners smoothly transition to the mainnet.

This article will organize the key information of this blog for you.

The network scale exceeds any previous distributed storage project . From SR1 to SR2, miners have stored a huge amount of data for the Filecoin network. As of the 14th, the network scale has reached 530PiB, equivalent to more than 10 billion Youtube videos!

The network has frequent major updates, with significant improvements in stability, efficiency, and flexibility. Since the end of SR1, a total of 8 large-scale updates have been completed, including Lotus 0.8.0 (reducing WindowPost failure costs), Lotus 0.9.0 (easier and clean updates of Filecoin core actors logic), and Lotus 0.10.0 (hot fix for state interrupts).

Orbital Burn is about to end, but Slingshot is still going on. Two days ago, the official announced that due to Slingshot's enthusiasm for participation, the competition was extended for another week, and some targeted auxiliary measures were also released.

• All committed sectors in SR1 and SR2 are 100% migrated to the mainnet;

• The existing sector pledge will be migrated to the main network at the same time, and will be rewarded to miners after the transaction is completed (540 days after the package by default);

• Block rewards are still released linearly every 180 days. If FIP-0004 is approved, miners can immediately receive 25% of the rewards as an emergency measure when they are in arrears.
  

• Miners participating in Slingshot will receive payments for providing storage and retrieval transactions to clients.
  

Faucet changes. The current faucet has cancelled the automatic fault compensation service and the commitment compensation service (PCR bot), which means that after the mainnet is launched, miners need to provide their own staking funds and be fully responsible for the relevant information in their own nodes, such as available balance, control rights, and miner balance.

Account reimbursement. The official will replenish the accounts of all miners with negative balances, turning their net balances from negative to 0, to ensure that all miners have no debt when entering the main network.

Bonus distribution: The official distributed a one-time bonus of 100 FIL to reward miners who have been actively participating in SR2 in the past week.

Slingshot Faucet: For the ongoing Slingshot competition, the official will continue to run some small faucets for participating miners, such as PublishDeals and WindowPoSt reimbursement robots.

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Tip: Investment is risky, so be cautious when entering the market. This article is not intended as investment and financial advice.