At present, the global cloud service market is growing rapidly. According to statistics, it is estimated that by 2024, the global cloud service market will grow to US$284 billion, or approximately RMB 2 trillion.
With the advent of the digital economy, people have more and more data to record and store. After 5G, big data, cloud computing, artificial intelligence, etc. flourish, the demand for data storage has also exploded.
IPFS mining machine is different, it has created a different Internet world from the past. In the files of the IPFS network, we will obtain a unique ID number, which professionals call a hash value.
Therefore, based on the hash value, the files in the IPFS network will not be stored repeatedly, nor will they be maliciously tampered with by hackers, and will be "decentralized" and "traceable" in the digital economic currency circle.
Under this premise, it can be said that IPFS miners truly solve the problem of resource storage waste in the Internet era. In the context of the huge data storage requirements of the current Internet demand, IPFS mining machines mainly allow hard disks distributed around the world to join the work, so IPFS needs more nodes and distributed storage space.
In the mining circle, there is a popular saying that the design scheme of distributed mining pools needs to be determined according to the distribution law. Therefore, according to the current demand distribution of the Internet economy, IPFS miners use Filecoin as an incentive mechanism. Filecoin mainly provides storage services and retrieval services. Therefore, the price of Filecoin depends on the supply and demand of the storage market.
It is like when the miners are restricted and the demand for stored files is high, the price of Filecoin will rise, but if there are more miners and the demand for stored files decreases, then Filecoin is more likely to fall. To put it simply, Filecoin is more like a hard disk currency, and the main income model is to use storage space to replace coins. If miners want to get more from it, they must choose a good IPFS miner for mining.
Because of the low mining competitiveness and the large amount of tokens released per unit time, the profitability of early IPFS mining should be the highest, which we call the "early mining bonus". Just like Bitcoin mining, the early excavation has a low price and many more can be mined. In the future, the profitability of IPFS mining machine mining in the medium and long term should be quite impressive.
Blockchain is an extension and application of cryptography, but the fatal weakness of blockchain is that the capacity to carry data is too small, with the advent of the 5G era. In the face of a rapidly growing data market, IPFS/Filecoin has filled this shortcoming and brought huge vitality and development to the blockchain. Of course, with the launch of the IPFS/Filecoin mainnet, the popularity of Filecoin will reach its extreme, and the Filecoin market will flood a large amount of funds. The price of FIL will increase step by step. No matter what happens during the period, the general trend is a steady rise. of.
Because there are economic models that will affect the price trend of Filecoin after it goes online, the estimated price of Filecoin is determined by the relationship between supply and demand. If supply exceeds demand, it will be sold and prices will bottom out. If supply exceeds demand, prices will rise.
On the other hand, the long-term ecological value of IPFS determines the long-term trend of Filecoin's price. Compared with the HTTP protocol, IPFS distributed storage has the advantages of low cost, security and durability, and is expected to create a new Internet technology framework for web3.0. At present, more than 5 billion documents have been submitted to IPFS, and more than 100 blockchain projects have chosen IPF to store data information and documents. The value of the IPFS network will gradually be released to the contributors participating in the construction. IPFS and Filecoin are complementary and mutually successful.
According to IBM's calculations, the proportion of enterprise-level data storage is increasing year by year. In 2018, it will reach 32 billion U.S. dollars. By 2022, the cost of cloud services will reach 100 billion US dollars. As long as IPFs distributed cloud storage occupies 10% of the market share, that is $10 billion! Limited by the baseline and 180 antenna release factors, by mid-2021, the total outflow of Filecoin will not exceed 100 million, and the price of one fil will also reach $100. If Filecoin's network ecology develops smoothly, it will occupy more storage market share