Understand the changing trend of single T revenue in the whole network of Filecoin in one article
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1 What is single T income
The single T income of the Filecoin network refers to the value of computing power invested in the entire Filecoin network within a predetermined cycle to generate a certain amount of new FIL, and after taking the average value, the new FIL generated by each T of computing power in this cycle is obtained.
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2 How to calculate the single T income
Before understanding how the whole network single T revenue is calculated, we must first understand what factors are related to the whole network single T revenue? From the Filecoin economic model and the data of various FIL browsers, it can be known that the income of a single T is mainly related to the effective computing power of the entire network and the daily output of FIL. Therefore, the calculation formula for single T profit is:
Single T revenue = 24hFIL output ÷ effective computing power of the entire network
According to Filfox browser data, at 14:30 on January 29, 2021, the effective computing power of the entire network is 2.166EiB, and the 24h FIL output of the entire network is 273,183. According to the formula:
Single T revenue = 24hFIL output ÷ effective computing power of the entire network
=273183FIL÷2.166EiB
=273183FIL÷2271215.616TiB
≈0.1203FIL/TiB
(Note: 1EiB=1024PiB, 1PiB=1024TiB, so 2.166EiB=2271215.616TiB)
Data source: Filfox browserhttps://filfox.info/zh
Time: 14:30, January 29, 2021
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3 Why the single T income decreased after the mainnet went live
As a Filecoin miner, everyone is most concerned about the issue of income. I believe careful miners have noticed that after the launch of the mainnet, the overall revenue per T presents a downward trend.
Data source: Filfox browserhttps://filfox.info/zh/stats/miner
Time: 14:30, January 29, 2021
So, why did the single T revenue decrease after the mainnet went live?
The principle of joint cake sharing: the effective computing power of the entire network increases faster than the FIL output of the entire network
From the above calculation formula of single T revenue, we can know that the impact on single T revenue is mainly related to the output of 24hFIL and the effective computing power of the entire network. After the launch of the Filecoin mainnet, the effective computing power of the entire network is 569.36 PiB. After more than 4 months of going online, the effective computing power of the entire network has reached 2.166EiB, an increase of nearly 289.57%.
As the effective computing power of the entire network increases, the number of coins produced by 24hFIL is also increasing. But let’s compare the total number of miners participating in mining (612) at the beginning of the mainnet launch. Today, more than 4 months after the mainnet launch, the number of miners participating in mining has reached 1229, a growth rate of about 100.82%. ,what does that mean?
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4 The effective computing power of the entire network has reached the baseline value, and the revenue per T is expected to increase
When the effective computing power of the entire network reaches the network baseline standard value of 2.5EiB, the FIL output of the entire network will reach the original release amount (328,800 FIL/day). According to the current growth rate of the effective computing power of the entire network, it is predicted that the baseline standard will be reached in mid-February 2021, and the 24h FIL output of the entire network will reach the original release amount by then.
It can be seen that as the effective computing power of the entire network increases, the total output of FIL of the entire network will also increase. This increase is mainly divided into two parts:
Return to normal network baseline level;
The FIL that has not reached the network baseline standard and was released later (released in proportion).
When the effective computing power of the entire network reaches the baseline of 2.5EiB and the total output of FIL in the entire network is increasing, according to the calculation formula of single T revenue, the entire network single T revenue will rise to a certain extent. After reaching a certain peak value, the single T revenue of the whole network will gradually decrease slowly:
When the computing power of the entire network reaches above the network baseline value, it will return to normal decay, that is, the daily FIL output will be released in half according to 6 years, and the output will be gradually reduced;
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5 summary
To sum up, when the effective computing power of the entire network does not reach the baseline value, the single T revenue shows a downward trend; when the effective computing power of the entire network reaches the baseline value, the single T revenue shows an upward trend; After the baseline value, the single-T return shows a downward trend. Overall, it presents a trend of "decline→rise→decline", as shown in the figure below:
Although the single T revenue of the entire network is showing a trend of "decline → increase → decline", the effective computing power of the entire network is increasing rapidly, indicating that more and more miners are joining the Filecoin network, indicating that the recognition of Filecoin is constantly improving , The value of Filecoin is also optimistic.
From a longer-term perspective, Filecoin can provide a storage method with low cost, good security, and strong privacy protection, which makes it expected to become an important infrastructure for the future digital world. On the other hand, the new infrastructure has been raised to a new level, and the inclusion of IPFS distributed storage into the new infrastructure has also brought great assistance to the development of Filecoin and continuously promoted the development of Filecoin.
It is foreseeable that more and more miners and applications will join the Filecoin network in the future to jointly promote the prosperity and development of the Filecoin ecosystem. The prosperity of Filecoin will also promote the rise in the value of FIL, and the price of FIL is bound to continue to rise by then. Therefore, Shensuan Mining Pool believes that miners should pay more attention to the future potential of Filecoin itself while paying attention to the income of a single T, and the future potential of Filecoin, do you still need to worry about it?
Remarks: The calculation scheme and income of the Filecoin whole network single T income in this article are only for estimation and do not represent the official reality.
