When will Filecoin mainnet go live (When can Filecoin be mined)?

When will Filecoin mainnet go live? When can Filecoin be mined?

According to official sources, the second phase of the testnet was launched at 20:00 on August 15th (UTC+8). The project plans to release the mainnet in September and start the FIL deposit and withdrawal services, as well as the reward distribution mechanism. In addition, Filecoin founder Juan Benet will host a two-week video livestream event at the end of August to introduce the latest progress and advantages of the project. (Source: Official website)

As of now, all Filecoin miners have completed their deployment and public testing is expected to start in early October. Storage mining function will be open in the future. Filecash has been officially launched and will be fully open source in mid-August.

When can Filecoin be mined?

The mining reward for Filecoin has been halved and mining has stopped since yesterday.

Until December 2nd, if the price of FIL does not significantly rise, the activity will be stopped. Currently, the overall network has seen a decline in computing power, so mining can be done normally for now. According to the official statement, pledging mining for Fil can officially start until the end of January 2021.

In January, Fil mining will end, and the total supply of Fil will be 1 billion coins. In the first batch, users were able to mine approximately 40,000 Fil coins per day, which was worth about 150 million RMB at the time. The second round of FIL mining machines will gradually phase out the old machines, and a new mining mode will be introduced, where each block can only produce 3 fil coins. This means that new tokens will be generated every year, and a new hard cap will be reached each time Fil coins are produced.