Filecoin changed the system of distributing rewards to miners

In the Filecoin blockchain on the block 170 000 FIP improvement proposal activated-004. Miners will now receive 25% rewards for the mined block immediately, a 75% – in six months.

Майнеры Filecoin, who installed the latest network update, will now receive 25% rewards for your blocks immediately. Filecoin previously distributed all rewards within six months of block creation, which led to a "strike" of miners shortly after launch
main network.

Filecoin lead developer Molly announced on Wednesday on Slack, that Lotus update 1.1.0 available for download. This is a must-have update for those, who wants to continue to participate in the decentralized storage network.

“You must upgrade to the era 170 000 (Thursday, 22 October, ~ 22:40 UTC), otherwise you will lose sync with the chain ", – she wrote on the channel.

One of the update functions includes FIP activation-004, whose purpose – “Improve the ability of miners to reinvest FIL, releasing 25% mining rewards immediately ".

Over the past 24 hours, Filecoin miners have mined about 150 000 FIL. Based on this indicator, 37 500 FIL of daily block mining rewards will be distributed to miners under the new system. According to CoinGecko data, Filecoin's current supply is approximately 19.3 mln FIL, of which more 13 mln FIL blocked for miners as initial collateral.