Which method of FILecoin mining is the most cost-effective?
When we analyze the investment value of any project, we must first look at its prospects and potential. The same is true for IPFS+Filecoin. Regarding its investment value analysis, I have conducted a detailed analysis with you before, so I won't repeat it here. Generally speaking, I am optimistic that this project is a very promising project. Its scale effect and consensus have a high probability of entering the top ten of the global cryptocurrency market value. V | czdn222
Does "Filecoin" mining choose physical mining machines or IPFS cloud computing power?
So which of these two methods has the more technical advantage? Before analyzing the advantages, let's take a look at how Filecoin mines and how to get rewards. Only by understanding the principles of Filecoin mining can we see where the key points are and which technology is more advantageous.
In the IPFS+Filecoin system, when a user pays Filecoin to the system to request the data he wants, the request is submitted to the entire network, and then the entire network of miners begins to compete. In this competition, miners have key data to submit to the system, and this data is a "reproducible proof." "Reproducible proof" is a proof that a certain miner does store certain data. Assuming that three miners closest to the user have submitted the correct "reproducible proof" to the system at the same time, the one submitted and approved first among the three miners will be singled out to the user and be rewarded. So in this process, calculating the "reproducible proof" is the key. Note: This "reproducible proof" is a calculation process, so what factors are related to the speed of this calculation process? CPU? RAM? Graphics card? Or is it related to the overall performance of the system? There is currently no absolute standard. This is what all mining companies, whether they are cloud computing power or single mining machine companies, are competing and estimating.
In addition, how to submit the result as soon as possible after calculating the "reproducible proof" is related to network performance and system performance. Therefore, the calculation and submission process of the "reproducible certificate" involves multiple factors, and which factor is decisive is not yet conclusive. It is the focus of competition and trade secrets of various manufacturers.
In addition, the real efficiency of coin mining is also involved in this process. We can understand efficiency as follows: Suppose a large node (10T) with a strong computing power mined 10 coins, and another small node (1T) with a weak computing power mined 1 coin. On the surface, this big node digs 10 coins at one point, while another small node digs 1 coin at a point. The big node digs more coins than the small node, but 1T of the big node corresponds to digging. There is one coin, and the coin corresponding to the small node 1T is also one, so the efficiency of the two is actually the same.
So in the competition for efficiency, is it the larger node with stronger performance that is more dominant or the nodes of various performances are similar? It is currently impossible to draw a definitive conclusion based on authoritative data. V | czdn222
We have analyzed these aspects, but unfortunately we have not been supported by authoritative data. In fact, this is not only our embarrassment but also the root of the chaos of the entire industry. Because there is no authoritative data, there is only one who speaks his own words.
So is there really no data for reference? Yes, and currently only the development network and the Lotus network.
The IPFS+Filecoin project has developed a development network for various mining businesses to test. But this development network is constantly changing, and the data will be cleared every once in a while. Although this is an informal test platform, as a merchant who really hopes to be rooted in this industry for a long time, we think it is impossible to ignore this test platform. Therefore, we believe that the data on this test platform has certain reference value.
Therefore, we comprehensively look at the development network and the Lotus network. We believe that although its data is of limited reference significance, it is doubtful that the strength of manufacturers who have not participated in the test ranking or participated in the test but have never achieved a good ranking on it. In the previous analysis of this project, I analyzed the project from the technical aspect, but besides the technology, there is another point that investors must consider, that is, the investment cost. A good return requires a low cost. If the return is high and the cost is too high, the overall calculation may not be suitable for investors.
At present, the investment in the two mining methods of single mining machine and cloud computing power is different. Generally speaking, single mining machine manufacturers directly sell mining machines to customers, and the mining machines will always belong to the customers. However, after Filecoin is launched, the customers will have to pay the manufacturers operation and maintenance fees. Cloud computing power vendors rent computing power to customers, usually in units of T. How much is each T. The lease term is generally one year. During the lease term, the customer does not need to pay any other fees.
Generally speaking, the cost is considered: the customer who buys the mining machine pays a larger amount at one time, and the mining machine belongs to the customer and has to pay the operation and maintenance fee every month, but the unit price is lower for every 1T; and the customer who buys the computing power It can be purchased flexibly. If you only buy 1T at a time, the payment amount is small, but the computing power is only one year, and no other fees are paid, but the unit price is higher if it is counted as 1T. In the IPFS+Filecoin project, the key point is technology. IPFS+Filecoin belongs to a brand-new field, and both its technical framework and technical elements are brand-new attempts. Although the code and algorithm of the project party are open source, how to use the optimal method to run the algorithm to calculate the result is the key to the specific implementation of each mining company. V | czdn222