Star Pool Sharing Plan

Dear Starpool miners, the Filecoin mainnet was officially launched at 22:45 on October 15, 2020, US time. Prior to this, StarPool participated in the development of testnet, testnet, SR1 and SR2, all of which achieved good results. Due to the adjustment of the economic model, the token income and computing power accumulation of SR1 and SR2 are mapped 1:1 to the host. Network, adhering to the principle of openness and transparency in the blockchain, the StarPool mining pool reward distribution announcement is as follows:

1. SR1 (2020-08-25 to 2020-09-15) StarPool nodes t01231, t016398 and one overseas node, with a total computing power of 10PB
Total number of rewards obtained: 130,000 FIL
A total of 297,000 T storage capacity is allocated. According to previous settlement instructions of StarPool, customers who purchased the steel box mining machine before 0:00 on August 25th have had their income distributed and displayed in the StarPool App.
2. SR2 track one (mainnet launched at 22:45 from September 15th to October 15th), for miners, all computing power & pledged coins will be migrated to the mainnet
As of 22:45 on October 15, the total computing power of the four Starpool nodes f01231, f016398, f023530, and f021479 was approximately 30PB.
Total number of rewards obtained: 500,000 FIL
A total of 360,000 T storage capacity is allocated.
Unlocking rules:
About 228,000 FIL are used for mining pledge. According to the official economic model rules of Filecoin, the sector life cycle is 540 days. After the 540 days of the sector life cycle, you can choose to continue mining or withdraw money. The sector computing power after withdrawal The life cycle ends automatically. The remaining approximately 272,000 coins are block revenue (released according to the 180-day schedule)
3. SR2 Track 2 is mainly for developers. It is not over yet. We have a small amount of rewards. The specific amount will be announced separately after the end. The distribution principle is the same as the calculation logic of SR2.
4. For detailed data, please refer to https://filscout.io/en browser query

The specific distribution of StarPool participation rewards is as follows:

1. During the Star Pool computing power sharing open event period, users who deposit coins to the platform from the date of participation will share the million USDT Star Pool computing power sharing block dividend rewards based on the cumulative (deposit) amount in 7 days and the proportion of deposits. .

2. Seven days after applying to participate in the Starpool computing power sharing event
(1) An amount of USDT equivalent to 20% of the total assets of the account needs to be deposited into the account every day to activate the mining pool.
(2) 50% of the active trading volume of the account balance must be completed every day.

3. Users need to complete real-name authentication before the event

Shared block dividend calculation formula:
Proportion of dividend rewards = number of users’ net deposits + sum of net profits (total account asset balance)

The Star Pool Sharing Plan reward on the first day = 3% of the total balance of the user’s account will be distributed.
The Star Pool Sharing Plan reward = 3% of the total balance of the user's account will be distributed the next day.
The three-day Star Pool Sharing Plan reward = 3% of the total balance of the user’s account will be distributed.
The four-day Star Pool Sharing Plan reward = 5% of the total balance of the user’s account will be distributed.
The five-day Star Pool Sharing Plan reward = 5% of the total balance of the user’s account will be distributed.
The six-day Star Pool Sharing Plan reward = 5% of the total balance of the user’s account will be distributed.
The seven-day Star Pool Sharing Plan reward = 8% of the total balance of the user’s account will be distributed.

Note:

Xingchi has discretion over hosting fees.

After rigorous calculations and comprehensive consideration of the current market transactions, Star Pool decided not to release the tradable income temporarily, but to use it as pledge to accelerate the growth of computing power until the income is greater than the required pledge. The mining pool can be activated for 7 days. released.

The StarPool homepage has the following information: Total revenue: The total revenue generated by users from the time the storage server is launched to mining to the day before settlement, including all revenue from the reward portion and the unlocked portion of the revenue that participated in the SR1 and SR2 miner tests.

Total pledge: The total amount of sector pledge generated by the user from the start of mining on the storage server to the day before settlement.

Total storage: The total capacity of the storage server purchased in the user's order.

Unlocked earnings: Unlocked earnings, 1/180 of the daily unlock rewards and earnings, including rewards for participating in the SR1 and SR2 miner tests.

Rewards will be distributed to the user's asset account before 23:59 after completing the task on the event day.
The minimum personal holding to participate in the event is 100 USDT. Canceling the event midway is not supported.

Note: The final interpretation right of this activity belongs to coinbase.