Filecoin miners "strike" against the unfair economic model of the project

The largest miners of decentralized network storage network Filecoin announced a “strike” after launching the main network in protest against the unfair economic model of the project.

According to 8BTC.com, Five largest miners of a decentralized network Filecoin data storage disabled their devices in protest against the "unfair" economic model of the project, which requires a significant number of fil tokens to start mining.

Zhihu Cloud, One of the five largest miners Filecoin, Manages more 8 000 IPFS mining devices, However, only on Saturday it worked 276 devices. Four other large miners also turned off most of the devices, According to the publication.

Filecoin goal is to provide users with decentralized storage services and data transfer through servers, offered by miners. However, miners must block a large number of FIL tokens as a "initial collateral", To start your production operations.

Thus Filecoin guarantees, that miners fully provide their services in accordance with user contracts. However, this creates the situation, when they do not have enough tokens to start work. Miners can earn fil and use them as a collateral, but Filecoin distributes the remuneration within six months after the creation of the block. As a result, miners receive very few tokens at the beginning.

Miners can also buy tokens on exchanges. However, this has great expenses and risks, Since many believe, that Fil is currently overvalued and a high commission for the transaction may be required. The price of the Fil tokene is greatly fluctuated on the day of starting the main network, Taking up to $100, and then dropping to almost $40.

“All miners were disconnected from the moment the main network is launched, This is not some kind of protest, But we must disable them, Because we really have no tokens, To start prey ", - said General Director ST Cloud Chukhan Lai (Chuad).

In response to the concern of miners, the developers of Filecoin decided to release 25% tokens for the remuneration of miners immediately after creating a block. Miners complained about the economic model of Filecoin mining long before the launch of the main network and offered to create a fork project.