Filecoin has attracted much attention since its inception, and Filecoin mining is a brand new opportunity. Miners can directly profit from storing and retrieving customer information on the Filecoin network.

How does Filecoin reward miners, and how does the underlying technology work?

How to become a Filecoin miner and make more profits?

In this article, Jack, the core development engineer of Starchain, shared in detail the background, principles, underlying technology, mining logic, mine pools, etc. of Filecoin, and brought you the world's first Filecoin mining pool.

solution.

01Filecoin Background Back in 2017, Filecoin raised US$186 million in financing in just one hour, and ultimately raised US$257 million in total, which is one of the largest financings in the history of blockchain.

In the financing that year, Filecoin received investment from many well-known institutions such as Sequoia Capital and Wenke Wallis Capital.

The total number of Filecoins is 2 billion, and its specific distribution and price are as follows: Total distribution & price: 2 billion Miners: 70% Protocol Labs: 15% Investors: 10% Filecoin Foundation: 5% Cost: $0.75 Reward: 153 per block

One block*$3=$459, 1920 blocks*$459=$881,280 per day.

02 Filecoin Principle Description of how Filecoin works Users entrust the storage of data files to Filecoin Miners in the network provide storage Miners are rewarded based on the size of the storage space Core problems that need to be solved Witch attack: Miners cheat, multiple nodes read the same archive,

Or claim multiple awards with one document.

Solution - Zero-knowledge proof can prove that a file is stored without exposing the contents of the file.