The official Twitter account posted: What is the most important thing before the 4.25 million FIL reward test starts?

The official Twitter account posted: What is the most important thing before the 4.25 million FIL reward test starts?

On August 6, Beijing time, Filecoin officially released a notice on the social network Twitter about the upcoming miners' meeting. The meeting time is set at 13:00-14:00 on August 11, US time, which is 4:00-5:00 on August 12, Beijing time. At the same time, Twitter announced that project parties can use a 3-minute demo to demonstrate the project.

Although the official miners’ meeting is held every month, Filecoin’s official announcement on Slack on July 31st:
“The Filecoin reward test was originally planned to start on August 6. Since most miners failed to meet the test qualification requirements, the official decided to start the reward test as long as most miners achieve a transaction success rate of more than 75%. If most miners still cannot reach more than 75% before August 12, the official will select qualified miners to start the reward test network.”
Combining the two, the miners’ meeting was held the day before the reward test, which is most likely to announce the official launch of Filecoin’s reward test. Therefore, this meeting will also sort out the testing status of miners on the cailbration network, so the importance of this meeting is self-evident.
As Filecoin becomes more and more popular, especially with the upcoming launch of the 4.25 million FIL reward test, which node has the most outstanding strength? I believe this is the question everyone wants to ask.
If you actually want to measure the strength behind the node, you only need to look at these four data.

Effective computing power

Core strength of miners

If miners are real estate developers, a hard drive with 100T of storage space is equivalent to having 100 empty rooms. However, no matter how well the houses are decorated, there will be no income if they cannot be rented out.

Effective computing power is the house you can rent out. But please note that effective computing power does not just increase, it may also drop. Because in the field of filecoin, in addition to miners (landlords) and data (tenants) , there is another important role, the official (rental administrator) .

The government will launch a time-space proof system to prove whether the data is still effectively stored. Once the data is lost, not only will the effective computing power decrease, but it will also cause trust issues in the nodes. There will be no more data to request storage, and the effective computing power will no longer increase.

24-hour computing power growth

Core soft power of miners

24-hour computing power growth. If we want to understand the significance of this data, we actually need to analyze it from the perspective of real estate developers. If we want to rent out a house faster, in addition to the decoration and hardware issues of the house itself, what is more important is the soft power of a dedicated sales team and property management.

The 24-hour computing power growth can largely reflect the node's algorithm and operation and maintenance soft power.

If the algorithm is strong and the hardware is sufficient, even if the effective computing power is not high in the early stage, you can still surpass your opponents by increasing the speed, and you can also achieve a counterattack and overtake with the accumulation of strength.

Total Block Output

Miner profitability

The data on the total number of blocks actually shows the profitability of miners. From the perspective of real estate developers, it is the rent that tenants pay to us after renting a house.


But everyone must pay attention here, because blocks are not mined by a single miner, there is also competition. So if the competitiveness is not enough, even if the tenant has already moved in, the rent may be taken away by the competitor.


Total Filecoin coin

Specific display of miners’ benefits


The total amount of Filecoin coins and blocks is positively correlated, but there will be a slight difference. According to current data, the number of FIL coins contained in each block is not necessarily the same, and fluctuates in a wave-like manner.



At the same time, in the Filecoin field, the FIL coin will decrease every week and be halved every 6 years. Although 700 million coins will be issued in the first 6 years after the mainnet is launched, there is a slight difference between the amount of blocks produced and the amount of coins received, but just remember that the more you mine, the more income you will naturally get.

 


Such important data

Where to watch it?


If you choose the Filecoin official website, you not only need to bypass the firewall, but also need strong English skills. This is a challenging choice for most people.


Therefore, in order to make it easier and more intuitive for everyone to see these important data, the 1475 team has specially created a filecoin block browser, which can be seen by searching the link below.


https://www.1475ipfs.com/#/blockBrowser


The big miner test is coming soon, and the level of each node will also surface. Who will be the final winner? The 1475 block browser will let you see it at a glance!





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