Remember when homestay booking platforms like Airbnb were not yet born? Back then, if you wanted to travel elsewhere, you had to book a room at a local hotel, and you didn't have many options for finding shelter for yourself. Now with Airbnb, any house on the street may become your temporary residence, as long as you want, you can even become an Airbnb host yourself and provide residential services for others.

The reason why so much Airbnb is said is because ""and""and"Mining in the Filecoin network"There are actually many similarities betweenFilecoin seems to be the Airbnb of distributed storage, comparing the two can help people easily understand Filecoin's mining economics. Specifically, we can break down this topic into the following five aspects.

Preparation Phase

if you want to be aAirbnb host, then of course youFirst need to have a house for people to live in, after all that's the living space you need to offer your customers, and forFilecoin minersAs far as they are concerned, what they need to provide is not a real living space, butStorage capacity - the amount of storage space on the hard drive. Therefore, if you want to become a miner on the Filecoin network, you don't need to purchase and register a house like an Airbnb host, but you need to purchasemining hardwareand submitsector for storing data。

Since some homeowners may break the appointment or not respond after the transaction is concluded, in order to avoid such risks,Airbnb hosts are required to provide a security deposit to pay fines to prevent irresponsible behavior by hosts.In the Filecoin network, there are risks associated with storage errors, soMiners need to pledge certain tokens in advance, so that once miners act irresponsibly or maliciously, it will triggerslashing mechanism, and thus be punished.

Operation stage

Airbnb hosts still need to pay during the official operation stageandandcleaning fee, to maintain their houses, Filecoin miners also need to paygas feeand other classes such asInternet fee, electricity fee and other related expenses, to jointly maintain the entire Filecoin network. When Airbnb hosts have malicious behaviors such as breaking appointments and non-response, fines will be imposed. For Filecoin, if miners fail to store customer data normally or submit storage-related proofs on time, they will also be fined.

block rewardblock rewardand from customersTransaction/Retrieval Fee。

One of the biggest differences between Airbnb and Filecoin in the operation stage is that the Airbnb platform will charge a part of the owner's income, whileThe Filecoin network does not charge any fees from the miners' income, and the miners' income belongs entirely to the miners themselves.

exit phase

When the Airbnb homeowner decides not to be the homeowner anymore, he can sell his house and get back the security deposit. The same is true for Filecoin miners, when theyinvest

invest

Just like Airbnb hosts have to invest firstreal estateThat way, for Filecoin miners, theMining related hardwareInvestment is also essential, and these hardware form the foundation of a distributed storage network. besides,Airbnb hosts are also required to submit a security deposit, in response to possible irresponsible behavior,Filecoin miners need to submit pledged coins, in case of possible storage failure, they can all be returned eventually.

Before Airbnb hosts receive their first substantial income from customers,Homeowners will naturally need to have sufficient funds to cover early utilities and cleaning costs at the outset, Filecoin miners are the same, theySufficient funds need to be prepared to pay for the initial gas fee, until they earn enough revenue in the form of block rewards etc. to cover these fees.

final value

Airbnb hosts can calculate their overall benefit by estimating the ultimate value of their property, includingfinal value of the home、Cumulative income、Other incomeas well asOther incomewait. For Filecoin miners, the final value of their assets includesresidual value of hardware、Cumulative income、as well asas well asincome from other assetswait. Most of the income of Filecoin miners comes from block rewards, transaction fees and retrieval fees paid by customers, miner tips, etc.

The concept of a distributed storage network may be difficult to understand for those who do not understand this field, but just as Airbnb wants to solve the problems existing in the housing service supply market, the Filecoin network wants to solve the existing problems in the cloud storage supply market. The problem.Think of the space used to store customer data in the Filecoin network as the space provided to customers in Airbnb, Comparing the two, then many concepts are actually easy to understand.