FileCoin How about the profitability of mining? Relatively speaking, it is certainly not as difficult as mining Bitcoin and Litcoin,filecoinMining is very profitable. belowBy（wakuang58.com）'s expert beltLet's get to knowfilecoinMining related knowledge, and understand the currentIPFSHow much does data storage earnfilecoinToken?

FilecoinInterpretation of mining

Similar to Bitcoin,FilecoinMiners compete with each other to dig and create blocks. Compared with Bitcoin,FilecoinminingCapabilities are directly related to active storage. The system aims to create an incentive structure that allows miners to accumulate as much storage space as possible, which in turn can be leased to customers.FilecoinThe data storage and retrieval in the protocol are directly related to the mining mechanism of the whole system.FilecoinThe construction is to adapt to a decentralized and verifiable market structure. It has two main components: the retrieval market and the storage market. The retrieval market exists off the chain, while the storage market is based on the chain.

FilecoinThe protocol is the nerve center for operating order book, allocation table and transaction broadcasting system. The center provides services for the upper and lower parts of the system by sending and receiving order matching and settlement information. Miners and customers can then set their own prices for their services and submit orders to the market. Throughout the process,FilecoinThe network benefits three user groups:

Store miners by providing storage and receiving tokens

Retrieve the token received by providing data

Customers who pay for storing and retrieving data

FilecoinDistribution and storage

FilecoinA highly complex cloud based data storage and retrieval solution is constructed.FilecoinThe balance between protocols on either side of the data storage market (through data retrieval and storage) is important to ensure transparency and equal access. At the same time, the protocol provides users with reception, based on the computing power of suppliers and active storage space of minersFILToken incentive.

FilecoinoffiveBig benefits

In this section, you will better understand the use ofFilecoinTo provide a better understanding, describe each benefit in detail.

oneCreate storage space

FilecoinOne of the characteristics of providing storage space.Filecoinunrestricted. Anyone can joinFilecoin。FilecoinMany users send money to the Internet to save their information. This information is kept on the computer where the file is saved, and there is evidence of the storage time. This is done by adding a timestamp during file storage.

FilecoinAllow users to store and get paid to preserve people's information. This means that the quantity and pricing of storage is not controlled by a single entity.FilecoinSupport users to seek cooperation in the open market to retrieve and save data.FilecoinStorage space saving for exchangeFilecoinTransactions. It also has an authentication record from the storage miner responsible for the data.

FilecoinProvide ultra-low cost blockchain.FilecoinAllows users to choose the tradeoffs they choose in terms of redundancy, cost, and others. In addition, it allows to verify the data stored each time and establish more negotiation space with any miner on the blockchain. Creating storage space is necessaryFilecoinA characteristic different from other coins.

twoDurable and safe storage

FilecoinOver time, data accessibility provides an acceptable reason.FilecoinData storage is usually paid; Therefore, there is no omission. Therefore, users save files on their computers to ensure good Internet bandwidth, security and reliability.

threeopen source

FilecoinProvide collaboration and storage between customers on open source code. This means that storage vendors do not need to build their infrastructure applications. Instead, it provides this functionality and corresponding enhancements.

fourStorage Verification

FilecoinVerify storage. It has a good way to browse the file history and cross check its storage structure. It will cross check and store over time to ensure everything is ready. The specification states that all storage providerstwenty-fourThe latest files are available every hour.

Knowing this, users can view the history to see if the vendor has correctly stored their data.

5.NFTStorage Provider

FilecoinCommands can retain irreplaceable digital assets. Irreplaceable digital assets are evidence of ownership. The storage capacity of digital art and video is limited. So, as a better choice,FilecoinThe storage network of the actual asset.

It saves tangible assets, while art buyers receive and exchange certificates of ownership.NFTThe most important exchangeOpenSea.iouseFilecoinNetwork, proving its storage capacity and durability.FilecoinNetwork for processing storage transactions and reliable file storage.

FilecoinofValue Model

FilecoinIt provides individuals and organizations with highly adaptable data storage solutions at a price far lower than that of competitors in mature industries.Filecoin, users can access and select more flexible service plans, so that they can pay for the exact storage space to reflect their needsFILcost. In addition, byFilecoinNetwork, users can access and use data more easily.

FilTokenofeconomics

Filecoin2017yeareightmonthoneSolsticetwo thousand and seventeenyearninemonthsevendayICODuring this period, they raised amazing funds,two thousand and seventeenRaised intwo point five sevenUSD100mn Its initial financing objective isfour thousandUSD 10000, initial token price isfiveUSD. This token has performed well, doubled, and reachedten point six sevenUSD. If you arefiveBuy in locations, and the ROI is113%。 In the next section, we will discuss pricing.

FilecoinThe circulation of tokens is abouttwo point one two sevenUS $100 million, market valueseventeenUSD100mn

FILfutureeconomics：Future Data Storage

Filecoin(FIL)AsFilecoinNative assets constituting the blockchainFilecoinThe core data storage and data retrieval market of the project provides impetus. In order to produce the best storage and retrieval miners and provide customers with honest services, the blockchain contains economic incentives and disincentives.FILThe upper limit of supply istwentyAnd will be distributed through block awards in the coming decades.

FilecoinToken allocation mechanism

70%toFilecoinMiners and mining area block awards are used to provide data storage services, maintain blockchain, distribute data, and operate contracts.

15%Give agreement lab, Genesis distribution,sixAnnual linear attribution, used for research, engineering, deployment, business development, marketing, distribution, etc.

10%To investors,sixMonths tothreeLinear attribution in, used to fund network development, business development, partnership, support, etc.

5%ToFilecoinFoundation, Genesis Distribution,sixAnnual linear attribution is used for long-term network governance, partner support, academic support, public works, community construction, etc.

I can usefilecoinHow much do you make by storing data?

FilecoinCurrently stored on the networktwenty-fourThe hourly rolling reward is about0.25FIL/TB, orsixteen point two fivedollar/TB。

The above contents are explainedfilecoinminingProfit model andProfit space and how much money can we get from providing storage hardware.FilecoinCompared with other cryptocurrencies, the profits from mining appear more substantial，of course,filecoinThe price of，So investfilecoinMining should be considered carefully.