WBF IPFS Hashrate FAQ

What is IPFS?

IPFS (The Inter Planetary File System), also known as "interplanetary file system", is a distributed network transmission protocol with content addressable, versioned, and point-to-point hypermedia. It complements or even replaces the existing Internet HTTP protocol. It can achieve file sharing and decentralized permanent storage of each node on the Internet. The goal is to create a more open, fast, and secure Internet.

What is WPT?

WPT stands for WBF POOL TOKEN. WPT carries community rights, circulation and value attributes, deeply links mining pools and users, opens up mining pool ecology, shares mining pool development dividends, and passes tokens throughout mining Each link of the mine will increase the stickiness and profitability of the miners. On the premise of accommodating multiple consensus mechanisms such as pow and pos, the use of a stock equity certification mechanism, adhere to the concept of mining is mining, requires users to mortgage a certain number of tokens to verify transactions, and entrust participation in node governance and community voting.

What is Filecoin?

Filecoin is the incentive layer of IPFS. It builds a decentralized storage network through the Token incentive model of blockchain. Under the incentive model of Filecoin, the storage market and the retrieval market are constructed. Miners provide storage services and retrieval services to obtain FIL tokens paid by users.

About technical service fees

IPFS Watt cloud computing power leasing service will charge 18% of the number of Filecoin mining output as a technical service fee. Technical service fees include: mine maintenance, mining machine deployment, mining machine maintenance, technical services, human resources expenditure and other expenses.

How to distribute Filecoin and WPT produced by mining?

From the 7th day of the IPFS cloud computing power leasing service output Filecoin after the IPFS main online launch, the Filecoin of the mining output is calculated and allocated daily based on the number of IPFS equity certificates in your WBF account. At the same time, FIL:WPT reward ratio=1 :5, that is, every time a Filecoin is dug, 5 WPT will be rewarded. (One million WPT is waiting for you to collect. The limit is 1 million WPT, first come first serve.) WBF will issue Filecoin and WPT to your WBF mining pool account the day before before 24:00 the next day. Funds flow-mining pool account" page view records.

What is WBF IPFS Hashrate?

WBF has launched IPFS cloud computing leasing services, cooperated with well-known mining pools, and participated in the joint mining of Filecoin blockchain project. Based on deep technical experience and successful product experience, the mining pool will achieve higher mining efficiency under the same hardware conditions, and professional operation and maintenance will make products and services safer and more stable.

About IPFS Proof of Stake?

The IPFS equity certificate only represents the 365-day IPFS cloud computing power leasing service. WBF will log off and destroy the IPFS equity certificate after the service expires; the user holding the IPFS equity certificate in the WBF account represents the enjoyment of this service. The future IPFS master After going online, the system will allocate Filecoin output daily according to the IPFS equity certificates held in the user's account. At the same time, every time a Filecoin is dug out, 5 WPT will be rewarded. (One million WPT is waiting for you to collect, limited to 1 million pieces);

About product term: equity cycle

The product is valid for 365 days (calculated from the day when the IPFS cloud computing power rental service generates mining output after the main online);

After the lease service expires, it will automatically terminate and expire, the platform will no longer undertake related support services, and the IPFS equity certificate held by the user will also expire and be destroyed. (If you don’t return the money within 365 days, extend it until you return the money)

Why is there a difference in the price of computing power per period?

The IPFS cloud computing power will change according to the price fluctuation of the mining machine, so the price of computing power will be different in each period.

How does IPFS calculate and distribute Filecoin output?

The user's share of the IPFS Watt cloud computing power accounted for the proportion of the mining pool's total computing power to allocate the daily mining Filecoin output, and the management fee is the amount of Filecoin actually obtained by the user. (Please note: Dynamic changes, for reference only)