As the blockchain market becomes more and more popular, many new investors have begun to understand Filecoin initially and have begun to invest in mining. This article is mainly to refine some important knowledge points, including baseline, total reward trend, Fil/T trend income and input-output ratio, so that everyone has a deeper understanding before investing in Filecoin.
1. Baseline: not static
According to Filecoin economic model settings, Filecoin storage miners’ income is divided into simple release and baseline release. Simple release accounts for 30%, while baseline release accounts for 70% (affected by baseline standards). Many people think that the benchmark remains the same, but it is not. If the actual network size does not meet the network baseline requirements, the release of the baseline part will be restricted. When the scale of the entire network’s computing power reaches the baseline standard, the total daily income will greatly increase. The total income is not a sudden process, but a process that is gradually released as the scale grows. Please review the detailed process:.
How to calculate the current baseline?
Source: spec.filecoin.io, 2020-12-17
The baseline change is an exponential growth process with an annual growth rate of 100%. The Filecoin document mentions that the current benchmark calculation formula is (where t is the number of seconds at the height, b0 is the initial benchmark 2.50571167981217EiB, and e are constants):
Then we ask for g. Known formula (ga is the annual growth standard 100%):
Substitution can be obtained g=ln2/31536000s.
It is known that the current height is 359030, that is, t=359030*30=10770900s. Substitute
Therefore, at the height of 359030, the baseline standard value is 3.17501502411888EiB.
How will benchmarks affect baseline returns? Released about 37.91% of the baseline release
Because we know that 70% of the FIL income in the daily release is affected by the benchmark, how much is the current baseline part released? According to our rough calculation, limited by the baseline network, the actual reward released by the baseline is about 37.91% of the baseline part, and most of it has not been released. In the future, as the scale of computing power exceeds the baseline standard, the block rewards released to miners will increase. According to the current increase in computing power (700TiB/H), it is expected that the benchmark network requirement will be met in May 2020.
2. Total reward trend
Daily total reward release forecast (the turning point of time is not for investment reference), source: IPFS Force Zone, 2020-12-28
Forecast of the future daily total reward trend: As the scale becomes larger and larger, the total reward will become larger and larger. There are two main rewards increased in this part: return to the normal baseline network level, and the delay before the baseline standard has not been met. Release part. But it does not increase indefinitely. When the effective time is close to the natural time, the daily reward will gradually decrease, returning to the normal 6-year halving release cycle.
3. Fil/T income trend
FIL/T forecast (time turning point is not used as investment reference), source: IPFS Force Zone, 2020-12-28
As the total reward increases, it is predicted that the single-T revenue will increase to a certain extent, and after the increase, it will gradually decrease slowly. In general, only the computing power that has been deployed in advance can catch up with the single-T revenue growth area.
4. Input-output ratio in a single T year
Some people will be concerned, if you start investing now, what will be the future benefits? Rough calculation based on current data, set the known premise: single T effective computing power income is 0.14FIL/day, computing power growth mortgage is 8.2304FIL/T, computing power growth fee is 9.12FIL/T, computing power remains 0.000668880374627501FIL/T /Day, FIL unit price is 150 yuan, single T computing power cost is 2000 yuan.
Current setting conditions, source: IPFS Force Zone, 2020-12-28
Single T year expenditure: computing power cost + computing power growth mortgage + computing power growth fee + computing power maintenance*365=17.59FIL+2000 yuan≈4639.18 yuan; single T income = single T daily income *365+ computing power growth mortgage =59.33FIL≈8899.56 yuan, the income is 91.83%, this part will be all obtained after one and a half years of mining. In the first year, about 40.8975 FIL can be withdrawn, which is about 6134.63 yuan, and the profit of 32.24% is realized in the first year.
