Is the miner data real? Is the currency price stable? How to purchase pre-mortgage currency? Who will pay for the extra cost? Will there be "data smashing" on the exchange?
Near the launch, some problems broke out in the Filecoin-related communities. From the disputes in the community, it can be seen that a considerable number of mining machine investors still do not understand the mining model of Filecoin.
Tonight, miners, investors, mining machine manufacturers, and exchanges gathered at Filecoin.
Near the launch of FIL, Chen Xin (pseudonym) is still further confirming the method of calculating the number of pre-mortgage coins and calculating the income of mining machines.
Self-proclaimed "Miner Xiaobai", he doesn't know much about Filecoin's economic model that has been changed many times. When buying a mining machine a few months ago, he was moved by the data calculation results shown by the seller. It was not until the eve of the launch of the FIL mainnet that I learned the rules after the pre-mortgage adjustment, and hurriedly started to supplement the calculation method of relevant data.
Calculated, buying mortgage coins will cost him a lot of extra money. In Chen Xin's community, some investors even reported that the additional cost of buying coins may be higher than the price of buying mining machines.
When he consulted with the mining machine seller, he saw the reply from the merchant in the community: "The pre-mortgaged coins need to be purchased by members themselves, and if they don't buy them, they will not be turned on." Chen Xin opened the market software and saw that the price of FIL futures had once risen to 38 US dollars. You know, when he bought the mining machine a few months ago, FIL futures were still around $15.
Facing the negative attitude of merchants towards mortgage coins, the community was tense for a while.
In addition to the increased pressure to buy mortgage coins. Chen Xin also saw that more and more concerns about the purchased mining machines have been raised in the community: Mining machine investors who have taught themselves how to calculate Filecoin mining income have found more problems, and many people have tested data through mining machine manufacturers The calculated results do not match what was advertised when purchasing the mining machine.
Whether the currency price is too high, how to obtain the pre-mortgage currency, and whether there will be "data smashing" on the exchange, these questions have been thrown out by investors one after another, and they have concentrated on unprepared mining machine investors.
secondary title
Merchants meet the "big test", investors learn to calculate data by themselves
In the past week, the price of Fil currency has risen again by 55.61%, and the current price is about 31 US dollars. Until October 15th, according to the feedback from Filecoin mining machine investors, a considerable number of investors still have doubts about Filecoin's economic model and are not familiar with how to calculate the number of pre-mortgaged FIL.
This kind of doubt directly caused many miners to "panic".
In the first half of 2020, the entire market has already made a great response to Filecoin. The Filecoin market ecology has begun to take shape. Upstream capital, mining machine vendors, and project parties, middle-level user groups, developers, and ecological participants, and downstream media, trading, and consulting links, Filecoin still forms a complete closed-loop ecosystem. Among them, the number of mining machine manufacturers is growing rapidly.
According to incomplete statistics, from 2018 to 2019, hundreds of mining machine manufacturers have entered the market. In the mixed Filecoin mining machine market, manufacturers are also changing rapidly. However, it is undeniable that when a large number of participants enter the market, many manufacturers try to deceive investors with one-sided information, and there are false and exaggerated publicity, which has led to the serious stigma of Filecoin. At the same time, some mining machine manufacturers lack technical strength and focus on marketing and promotion.
After the launch date of the mainnet was postponed several times, the popularity of the Filecoin market has not cooled down, and the entire market is in a relatively chaotic state. However, this kind of exaggerated publicity and emphasis on marketing has come to an end.
After the mainnet goes online, the number of tokens mined by mining machines will not lie. So, for mining machine investors, how to simply calculate the mining machine data?
Blocklike consulted a mining machine manufacturer from Hangzhou. He introduced a relatively simple calculation method for investors. Through the mining machine test data within 21 days of the previous test phase, the input-output ratio for one year can be calculated.
Investors first need to obtain the effective storage capacity of the platform, that is, the effective storage capacity generated per 10,000 RMB invested per hour.
Effective storage capacity × 21 (days) = total effective storage capacity (T)
The number of FIL obtained in the factory test (pieces) ÷ the total effective storage capacity (T) = the average amount of tokens obtained per T (pieces / T)
The average amount of tokens obtained per T (pieces/T) ÷ 21 (days) = the average amount of tokens obtained per T day (pieces/T/day)
Then the annual production of mining machines purchased = the average amount of tokens per T per day (pieces/T/day) × 365 (days) × 50% of the total scale of purchased mining machines (according to model requirements)
At the same time, the preliminary calculation of the annual income can be calculated by using the amount of currency produced by the mining machine purchased each year × the annual average currency price of FIL
According to the person, according to the official website data, the calculated value of the average amount of tokens obtained per T per day is about 0.22, and the figure calculated by some well-known Filecoin mining machine manufacturers is about 0.3. According to the performance of each node in the competition, the range of this number fluctuates greatly, between 0.18-0.55.
Blocklike found that the difference between this data will greatly increase the return on investment ratio of mining machines. Blocklike calculated by taking the official data of 0.22 and the data provided by a mining machine manufacturer of 0.4, and the final income can be about 45% higher.
secondary title
The chain reaction between the initial pledge and the currency price of the exchange may start
However, even if satisfactory data can be obtained on the mining machine, investors still face other risks.
The fastest response to the launch time of Filecoin is the exchange. After the launch time was announced, Huobi and OKEX immediately announced that they would launch Filecoin's withdrawal, deposit and transaction functions on October 15th. Previously, some popular exchanges have launched FIL futures. Among the three major exchanges, OKEx has launched the FIL perpetual contract.
And part of the urgent need to buy FIL is the Filecoin miners. Due to the pre-mortgage rules in Filecoin mining, if you want to mine the first mine, you must provide a certain amount of FIL pre-mortgage every day. Whether the mining machine can be started smoothly is subject to the limitation of pledge coins.
According to the Filecoin economic model, miners need to pledge sectors to participate in mining. Take the current sector pledge amount on the official website as 0.22 FIL / 32 G as an example, that is to say, miners need to submit 0.22 pledged coins for each 32 G sector, and this value will change as the economic model parameters change.
Some voices from the community believe that the number of tokens currently in circulation is small, and the pledged tokens are seriously in short supply. This serious tightness may make the market generally bullish on FIL in the early stage.
From Filecoin's token distribution model, it can be seen that there were fewer FIL tokens in circulation in the early stage: a total of 2 billion FIL tokens were issued, of which 70% were rewarded to miners for providing data storage services and maintaining the blockchain, etc.; the remaining 30 % is given to the official Filecoin team, investors and foundations, and is divided into unlocking periods ranging from six months to six years. After Filecoin goes online, the FIL tokens circulating in the market mainly come from the FIL unlocked and released by investors, Filecoin officials, and miners. At the same time, some FIL tokens will be held by investors and miners for long-term storage or mortgage mining. mine.
According to the current rules, miners package 331,250 sectors per day at a rate of 10.6 PiB/day. Based on the current average figure of about 0.4 FIL/sector, the entire network needs to mortgage 133,000 FIL per day. During the 180-day unlocking period, the FIL tokens obtained from mining will be released linearly, which is a computationally complex function model. According to media calculations, according to the initial 6-year halving function model that gradually decreases with the block, the release of block rewards in the first year is 155.1 million pieces, with an average of 424,900 pieces per day, and 127,470 pieces will be issued every day.
From the community's point of view, the supply of FIL currency in the early stage is still relatively tight, which is not enough to meet the number of mortgage coins.
An investor from an investment institution told Blocklike: "This will cause most people in the market to be bullish and push up the currency price when it first goes online. However, most exchanges have sold a lot of cloud computing power before. Selling cloud computing power is too much. If the exchange does not have enough coins, there is no way to cash them, and they can only smash the market, not to mention the contract market. If they are all open, whoever can make money can only insert pins in the end. .”
In the public speech of William, the chief researcher of OKEx Research, he said: "Filecoin has practical applications, and FIL has real application value. This is very valuable in the currency circle. If it is not the "air currency" a few years in advance, even if this year's popular DeFi mining Most of the DeFi coins have no real application value. Although the project party claims that these DeFi coins can be used to participate in community governance, most of the chips are concentrated in a few addresses. For decoration. But Filecoin is different. FIL has obvious applications in Filecoin's economic system and can be used for mortgage mining, payment of storage and retrieval fees, etc. This alone makes it a worthwhile investment than most currencies.
He also pointed out: "The biggest risk of Filecoin lies in its legal risk. At present, most of Filecoin's network nodes are concentrated in East Asia. After the official launch, there may be problems of content infringement and whether the data complies with local laws. For example, the data Cross-border flow, storage of sensitive data, etc. are all facing great risks. It is recommended that Filcoin developers, miners and users consciously abide by local legal requirements.”
We can see that when mining data is most important, more investors begin to teach themselves how to calculate data. The stage where mining machine manufacturers rely solely on "brand" and "marketing" has passed. On the more positive side, some mining machine manufacturers have already made some countermeasures to the pre-mortgage currencies to help miners make a smooth transition in the early stage.
