At 6:00 a.m. on September 15, 2020, Beijing time, this round of space testing will end the competition. Up to now, the effective computing power of the entire network has reached 230PiB, which far exceeds the target value originally set by the official (twice the initial setting). The global reward of 1.5 million FIL was also successfully unlocked. It can be clearly seen from the figure below that Chinese miners almost monopolize the computing power of the entire network, and the expected rewards of test tokens are also clear at a glance. Among them, Starland, Pomegranate Miner and Space-Time Cloud are the final top three effective computing power rankings. The Force Zone is a close second.

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Why Space Test Round 2?

According to the calculation results of the first stage, there will still be many different types of bugs in the Filecoin network, and it is difficult to determine the reward distribution parameters for mining FIL, and the growth rate of computing power far exceeds official expectations. However, if the mainnet is launched in a hurry, if there are large-scale network congestion, constant bugs, large mining operations, etc. after the launch, causing the network to freeze or even completely stagnate, not only the Filecoin project itself will avalanche, but it may even bring down the entire project. Decentralized storage track.

Therefore, after the end of the first phase of the space race, the second phase of the space race will be launched immediately to simulate the scene of the mainnet launch, which is equivalent to leaving enough room for trial and error before the FIlecoin mainnet goes live.

Because it is only testing, it is normal for bugs to appear; because it is only testing, economic parameters can be modified; because it is only testing, network instability is normal; because it is only testing, all accidents are possible.

The incentive model of the second-stage test has important reference significance for the token reward model after the mainnet is launched later. Unlike the previous mechanism where the effective computing power is cleared after all the tests are completed, the effective computing power accumulated in the second-stage space test can even be calculated according to The ratio is mapped to the main network, which means that for users who invest in mining machines, the second phase of the space race is more meaningful than the first phase of the space race, which can directly map the input-output ratio of FIL mined after the main network goes live.

The accumulation of effective computing power in the second phase of the test is of great significance to the proportion of effective computing power after the mainnet launch. It is not only that the FIL income per T of effective computing power after the mainnet is launched is more, but it also determines the future The first-hand right of the miner's pledge.

Many small miners did not have enough tokens to pledge to mine in the initial stage of the mainnet launch, and most of them could only be purchased from the secondary market, which would greatly increase the input cost of initial mining. And the miners who hold the first-hand right can not only obtain the right to produce blocks with an advantage in computing power, but also do not need to go to the secondary market to purchase additional FIL to pledge mining. Undoubtedly, the miners who performed well in the second phase of the test will have more and more advantages after the main network goes live, entering a spiral positive cycle.

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What's new in Phase 2 space testing

1. In the second stage of the space test, the effective computing power capacity target reward is not set, but it is confirmed that the reward this time will be more than the 4.6 million FIL in the first stage.

2. In the second phase of the test, additional order matching and storage client rewards will be added. Miners do not need to compete for a large number of storage targets in a limited time to increase the reward pool. Miners can increase their storage at their own pace. Officials also expect certain miners to have time to rest and regroup after a stage of intense competition in space testing.

3. The accumulated effective computing power of this test and the FIL and gas consumption during this test will be mapped to the main network in a certain proportion.

4. This test will still increase the stress test and revise the economic incentive plan.

5. The test time is still tentatively scheduled for three weeks, and the test time will be extended or shortened according to the actual situation.

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Looking Ahead to Phase Two of Space Testing

Review the reward rules for the first phase of the space test: within 3 weeks of the test, miners will compete with each other to provide as much storage computing power as possible for the network. The top 100 miners in the world and the top 50 miners in each continent will share the corresponding FIL rewards according to the ratio of their storage capacity to the network during the test period.

Therefore, the first-stage space test mainly focuses on whether the Filecoin network can support the rapid growth of storage computing power. On the basis of ensuring an 80% order success rate, the higher the proportion of total computing power, the more rewards will be obtained. On the basis of maintaining the original test pressure, the second stage space test also pays more attention to the burst rate of each miner, single T profit value, lucky value, etc.

The mechanism that the FIL test coins and effective computing power of the second-stage space test can be mapped to the main network in proportion will undoubtedly intensify the competition among miners. A comprehensive test of the technical strength of major miners and the size of mining machines.

If the first phase of the space test is an advantage for large-scale miners, then the upcoming second phase of the space test will undoubtedly be a comeback for small-scale miners in terms of block burst rate and single T income.

Are you ready, miners, for the upcoming second phase of space testing?