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The so-called virtual currency mining mainly focuses on the virtual currency representative bitcoin mining. The basic principle is to generate a piece of code through a computer calculation function to obtain a system reward, that is, Bitcoin. In the calculation process, the entire Bitcoin network consumes a lot of electricity and computing power. According to research conducted by the Alternative Finance Research Center of the University of Cambridge, as of May 10, 2021, the annual power consumption of global Bitcoin mining is approximately 149.37 terawatt hours. This figure has exceeded the power consumption of Malaysia, Ukraine, and Sweden, and is very close to Vietnam, which ranks 25th in power consumption.

Attracted by the hype effect and extremely high trading profits, high energy consumption obviously has not stopped the pace of "miners". On the contrary, the scale of this industry is quietly becoming larger and larger.

In China, although cryptocurrency mining is not considered illegal, the industry has been criticized due to the extremely high energy consumption and the non-compliant electricity consumption of some mines. Since the beginning of this year, new changes have taken place in the global energy industry. Energy prices in the international market have continued to rise, and electricity prices in some countries have risen sharply. In this context, the basic production and life of many places have already encountered the predicament of "restriction of electricity". In this case, it is not surprising that the mining industry, which is extremely power-hungry, is included in the list.

ETH broke an all-time high and reached a high of $4,375. After Bitcoin hit a record high of $66,999, it triggered a full-scale upward effect of cryptocurrency. Yesterday, Ethereum broke the high of $4,371 created in May of this year with a daily increase of 8.94%. , Creating a new high of 4375 US dollars.

Ethereum, after experiencing the trough in September, once again ushered in a strong rise in the market, which reversed the recent downturn in Ethereum's performance. Prior to this, Bitcoin went out of independent rising market, while Ethereum has been underperforming for a long time. Not only did it not follow the rise, but it presented a downside risk, which greatly reduced investors' interest in Ethereum.

  In particular, the news that the Ethereum difficulty bomb plan was postponed to June next year: Ethereum core developer Tim Beiko tweeted that according to the latest Ethereum conference call discussion, the Arrow Glacier (Arrow Glacier), which includes the improvement proposal EIP-4345 Glacier) network upgrade will be carried out at block height 13773000 (approximately December 8th), and the difficulty bomb plan will be postponed to June next year. Tim Beiko said that if the merger (The Merge) has been prepared before, it can be done before then, and the decision will be made through a conference call again in February next year. In addition, the difficulty bomb is based on the current network computing power. If the computing power drops rapidly before the merger, it may accelerate the emergence of the difficulty bomb.

This news was interpreted by some analysts as a slowdown in the advancement of ETH 2.0, which in turn appeared to be negative for Ethereum. However, from the overall situation, Ethereum is still the representative of industry technology and application value. Although the market and technical upgrades may appear weak, the market is full of confidence in the future of Ethereum, just like Ethereum founder Vitalik Buterin (Vitalik Buterin). ) As you think, Ethereum can surpass Bitcoin as a store of value asset.

 V God was asked in an interview recently whether he could see that Ethereum can surpass Bitcoin not only in price value, but also as a store of value asset. He simply answered "it can" and said: "I I believe that the biggest difference between Ethereum and Bitcoin is that Bitcoin is a platform, and the value of the ecosystem comes from the value of the currency, while in Ethereum, the value of the currency comes from the value of the ecosystem.

Especially after EIP1559, when the cost is burned, this will become a reality in a more direct economic sense. "When asked whether DAO will become the next sector in the cryptocurrency ecosystem that will emerge with the success of DeFi and NFT, V God said: "I think DAO will definitely become more important over time. In terms of what is still lacking in the DAO field, I don't think any one is a big thing, but more small things. "In addition, V God believes that from a cultural perspective, NFTs are interesting because they bring people into Ethereum, and their thinking is completely different from DeFi and ordinary cryptocurrency people.  This shows that the value of Ethereum will not be questioned because of the sluggish market performance. However, the sluggish performance of the market, coupled with the strong upward momentum of Bitcoin, still affected the distribution of the market. More traffic entered Bitcoin, which had a significant short-term impact on Ethereum. Bitcoin almost seized the entire cryptocurrency market. All hotspots and traffic, Ethereum users are therefore inclined to Bitcoin. Therefore, to some extent, Ethereum's breakthrough rise yesterday saved the recent Ethereum market.

  Ethereum outbreak With the price of ETH breaking through a record high, Ethereum once again ushered in a new outbreak, which is mainly manifested in: 1. The Ethereum Whale increases the number of ETH holdings. Santiment data shows that as prices increase, the top 10 Ethereum non-exchange whale addresses are buying more Ethereum. In addition, the top exchange whale addresses sold more Ethereum during this period.  Operation Whale may be a preparation for the estimated price of 5,000 USD in Ethereum at the end of the year. In addition to the continuous expansion of spot holdings, Ethereum ETFs have also increased their holdings. According to the data of the masters on the Ouke Cloud Chain, as of today at 10:00, the number of BTC held by the Purpose Bitcoin ETF is 22548.98, an increase of 466.48 BTC from the previous day; the number of ETH held by the Purpose Ether ETF reached 76073.43, an increase from the previous day Holds 1093.27ETH. Since September, the holdings of Purpose Ether ETF have increased from 64,400 ETH to the current 76, 000 ETH, increasing its holdings by 11,610.93 ETH.

 2. The total lock-up volume of the DeFi protocol exceeded US$233 billion, while the total lock-up volume of Ethereum's Defi exceeded US$150 billion, a record high! According to data from DeFi Llama, there are now more than $233.88 billion in value locked in the agreements of various blockchain networks. According to DeBank data, the total amount of DeFi locks on the entire Ethereum network exceeds 150 billion US dollars. As of yesterday, the data is 151.914 billion US dollars, a record high; the current total locked positions on Ethereum is 101.08 billion US dollars, and the net locked position is 777.3 One hundred million U.S. dollars.

 On October 13, the Centre for Alternative Finance at the University of Cambridge in the United Kingdom released data. According to the Cambridge Bitcoin Power Consumption Index, after China banned Bitcoin mining, the United States has replaced China and became the world's largest Bitcoin mining country.

In September 2019, China's Bitcoin mining power once accounted for 75.53% of the world. In May of this year, China’s Bitcoin mining power still accounted for 43.98% of the world’s total computing power. However, after China banned Bitcoin mining in April, the global share of China’s Bitcoin mining power fell to zero in July, a decrease of 38%.

Bitcoin, as a virtual currency, is invisible and intangible, but it is very valuable. Unlike most currencies, Bitcoin does not rely on specific currency institutions to issue, but due to its special encryption form and open and transparent transaction records, it can ensure that its value cannot be manipulated through a large number of "printing money".

For these reasons, the attitude of global economists towards Bitcoin is also polarized. Some economists believe that the government should actively control the total amount of money and use the tightening of monetary policy to timely fuel or brake the economy. Therefore, they believe that Bitcoin's fixed aggregate currency sacrifices its controllability, and what is worse is that it will inevitably lead to deflation and harm the overall economy. On the other hand, some economists hold the opposite view. They believe that the less government intervention in currency, the better. Deflation caused by a fixed amount of money is not a big deal, and it is even a sign of social progress. The Bitcoin network is composed of a series of complex codes generated by a computer. According to its unique algorithm, it is obtained through a calculator transfer operation. This operation process is called "mining". In order to obtain these "data gold", "miners" all over the world are using high-power computers to "mining."

However, in the process of "mining", these "mining machines" consume a large amount of power resources and are recognized as "electric tigers". In addition, the total amount of Bitcoin is fixed. As the “gold mine” gradually dries up, “mining” will become more and more difficult, and the electricity consumption per unit of Bitcoin will increase. Consumption will become higher and higher. At the beginning of 2017, the annual power consumption of Bitcoin mining was 6.6 TWh (1 TWh is 1 billion kWh); by 2018, it has increased by about 7 times to 48.37 TWh; October 2020 , The power consumption rose to 67 TWh. According to data from the Alternative Finance Research Center of the University of Cambridge, as of May 17, 2021, the annual power consumption of global Bitcoin “mining” is approximately 134.89 TWh. If Bitcoin is regarded as a "country", then it ranks 27th in the world's electricity consumption rankings. Although China's power resources are basically self-sufficient, it is not easy to bear such a large energy expenditure. What's more, most of the "mining" activities are also concentrated in Inner Mongolia, Xinjiang and other places where thermal power is the mainstay and the pollution is greater. From the perspective of environmental friendliness, China is working hard to reduce thermal power generation. In addition, Bitcoin is different from currency in the traditional sense. It does not have the value of national legal tender and is not subject to national supervision and regulation. Because of its privacy, many criminals use Bitcoin as money laundering in some countries and regions. Tool of.

If you are interested in BTC ETH filecoin mining, please contact me

 BTC's new 24-hour high is $64,476, which is almost a loss from the all-time high of $64,888. It is possible that today will be able to set a new historical high. BTC can rise in the past few days, the key is that BTC's ETF has been approved in the United States and started trading. In theory, this can attract an influx of investors, but of course, it is actually a reason for hype.

Judging from the current pace, unless the Fed raises interest rates next year, and it is the kind of rate hike that caused the U.S. stock market to collapse, raising interest rates to above 3%. Otherwise, BTC should not fall back below $40,000. Perhaps, after this round of madness is over, BTC will still have a buying opportunity of $50,000. However, if the Fed advises it, after BTC refreshes a record high, it will continue to refresh its record high. BTC now has a market value of US$1.2 trillion, and there are already several stocks worth over US$1 trillion in the US stock market, and one more BTC can hold it. For BTC, it is now equivalent to a US stock, stock code: BTC. If the market does not collapse, BTC will not plunge, but will only fluctuate.

As shown in the screenshot above, according to the official website of the US Treasury Department, the total US Treasury debt is 28.821 trillion US dollars. Compared with the 28.428 trillion US dollars on October 13 before the debt top was raised by 480 billion US dollars, nearly 400 billion US dollars have been issued. In other words, the quota for new bonds issued by the US Treasury Department leaves about 80 billion U.S. dollars. The central purpose of the Fed's frantic release of water and leeks is to use the money printing machine to pay for the deficit of the US Treasury Department.

According to the latest August data released by the US Department of the Treasury, in August 2021, China (Mainland) held US$1.047 trillion in US debt, which is a reduction of US$21.3 billion compared to US$1.0683 trillion in July. A month’s reduction of US$21.3 billion in holdings. According to this rhythm, China’s US debt positions may fall below US$1 trillion this year. The Fed is madly releasing water, and now it can only cut more Japanese leeks. Japan held US$1.3198 trillion in US debt in August and US$1.3102 trillion in US debt in July. In March 2021, Japan’s US debt position was US$1.2403 trillion. Japan, because there are US troops stationed in Japan. We can only honestly increase our holdings of U.S. debt. This is the data for August. Perhaps in October, our country is still selling US debt. As shown in the chart below, the RMB is appreciating against the U.S. dollar and the Japanese yen is depreciating against the U.S. dollar.

It is possible that our country is selling U.S. Treasuries and then buying overseas renminbi after getting U.S. dollars (exchange rate appreciation), while Japan is selling Japanese Yen and hoarding U.S. Treasuries after getting U.S. dollars. Therefore, Japan's US debt positions may continue to increase. In Japan now, it is the American imperialism that engages with the two sides of the Pacific Ocean: pawns. Increasing holdings of US debt is a rigid demand for Japan. Suppose our country’s U.S. debt positions were less than $1 trillion in October. This is bound to become international news. In December, the U.S. Treasury Department will release data for October, a two-month lag.

The U.S. Treasury Department’s additional issuance of U.S. Treasury bonds has caused the 10-year U.S. Treasury yield to rise to 1.648%. As shown in the above chart, it is still rising. There are voices that the Fed’s taper may be more aggressive. If the Fed’s taper does not buy 15 billion dollars less, it will continue to buy 105 billion dollars. Rather, if you buy 40 billion US dollars less and continue to buy 80 billion US dollars, the 10-year U.S. Treasury yield may exceed 1.7%. Therefore, the FOMC meeting in November may also be expected.

Crude oil prices are now fluctuating at a high level. After stabilizing, as long as there is good news, they should rise. The cloth oil fell back to $84 a barrel.

The U.S. stock futures index is now going up and down. The U.S. stock market rose sharply yesterday. Today may be a negative fall. If the 10-year U.S. Treasury yield breaks through 1.7%, and the distribution of oil rises to $88 a barrel, the U.S. stock market may pull back slightly. The Dow may give up 400-600 points. The U.S. stock market is very strong now. If you want to short the Dow, you must wait for them to pull up. You can't wait for them to fall back and they will soon rebound and rise. If the oil distribution is less than $100 a barrel, the Fed’s taper will definitely be more moderate.

Bitcoin once again hit the mark of $60,000 per coin after a lapse of six months. AI Finance learned from AssetDash that the total market value of Bitcoin ranks sixth among global assets, with Apple, Microsoft, Saudi Aramco, Google and Amazon ahead of Facebook and Tesla. Currently, the market value of $1.13 trillion is equivalent to two TSMCs, three Wal-Marts, and four Toyota companies.

With the popularity of digital currencies, other currencies have also begun to appear on the market. Because Bitcoin's technical code is open source, many currencies are based on Bitcoin's code. The currency born in this way is later called a counterfeit currency.

In order to seize the opportunity in the bull market, people have switched from Bitcoin to other competitive currencies, and more people have chosen the faster and cheaper Ethereum and Litecoin, which led to the second wave of the bull market-smart contract public chain Skyrocketing. Then, with the help of Ethereum's ERC20 standard, ICO is used for recruitment. In the bull market, ICO myths such as a hundred, a thousand, and ten thousand times are constantly being created.

Some people say that "de-sinicization" has promoted the development of the bull market, and some people say that the price of Bitcoin will reach $100,000 in the second half of the year. It doesn't matter, because "de-sinicization" has been thoroughly implemented. The domestic currency circle will only get smaller and smaller. When another bull market comes, a single spark can start a prairie fire. So what about the future trend of FIL? From the perspective of the progress of 5g construction, in 2021, the number of 5 base stations nationwide will exceed 600,000 covering more than 50 key cities, and major network operators are still building non-stop.

The inevitable trend IPFS

When you come to terms such as the Internet of Everything, Autonomous Driving, and Artificial Intelligence, will you feel very excited? I am looking forward to the maturity and improvement of such technologies, but do you know that with the maturity of these technologies, we will face The data becomes exponential and the growth data is coming to us like a tsunami.

Whether IPFS can be applied is the most important condition that affects the price increase. In addition to the strong support for Filecoin, the attitude of the Internet giants to FIL also determines the price of FIL. If Filecoin can meet its huge practical application value, the network giant will return to Filecoin's distributed storage system, which proves that the business data storage logic that Filecoin has been advocating is achievable, and when Filecoin is widely used in the network world When FIL broke out.

With the development of the big data era, IPFS technology is expected to become the underlying Internet protocol to replace HTTP in the future. At present, China's new infrastructure level attaches great importance to emerging technologies including distributed storage. Now people’s Internet URL starts with "http//", and it is likely to be "ipfs//" in the future. It is conceivable that in the future IPFS ecology will be implemented on a global scale, FIL coin may become a very precious Internet data storage and transmission resource, and the value of FIL coin will be out of reach.

The vigorous development of the crypto world has given birth to many new formats. DeFi, NFT, Meta universe and Web3 have been born one after another. More and more people are beginning to explore the implementation form of these concepts and their potential value in the future. The NFT monkey avatar used by the top NBA star Stephen Curry on Twitter sold for 180,000 U.S. dollars. A few months ago, it only needed 0.08 ETH for less than 2,000 U.S. dollars. The increase shocked the entire Internet world.

IPFS helps NFT secure storage

Under the upsurge of blockchain development, the NFT field is vying for the flow, but the development ecology of NFT is not unbreakable. The hidden crisis can still be seen through the phenomenon. This is Damocles hanging on the head of NFT. The sword is the centralization of metadata. At present, most of the metadata of NFT is still stored on centralized servers, such as Alibaba Cloud or AWS, which causes the data to be out of power or failure in the centralized server and face the predicament that it cannot be extracted.

And the metadata stored on the centralized server is very likely to be tampered with. At the same time, because the HTTP protocol is used for location addressing to view the stored ownership records and metadata, the data and records are lost or offline due to location changes. Danger.

How to ensure the permanence, security, uniqueness and retrievability of these digital assets is a problem that NFT must face.

In this regard, Opensea adopts a decentralization + frozen storage of metadata, allowing creators to use the decentralization of IPFS content addressing (called CID) and the uniqueness of hash values ​​to ensure data security, permanence, and retrieval and recovery. use. The application of IPFS in NFT and Metaverse is just the tip of the iceberg. It has a broader prospect on the way to build Layer 2 network protocols and platforms and build Web 3.

IPFS subverts the traditional Internet through change

The first change in IPFS is the browser change. The web browser plug-in IPFS Companion launched by the IPFS official application community can be used in different browsers to facilitate users to view the resource information of IPFS nodes at any time. Let the browser add ipfs:// address , To simplify the process of IPFS resource access and improve the search efficiency of the browser at that time. However, the expansion space for browser plug-ins is very small, and the new version of the extension specification Manifest V3 promoted by Chrome also affects the extension of IPFS Companion to a certain extent. After that, Opera browser integrates crypto and IPFS on mobile devices. Users can directly access IPFS nodes and decentralized data hosted on IPFS on mobile or computer terminals. At the same time, mainstream browsers such as WebKit, Chromium, etc. all support it by default. IPFS, thus promoting the large-scale application of IPFS. In addition, IPFS has worked with igalia to fix the browser identification compatibility problem, so that the browser can better meet the needs of IPFS developers, and the prelude to the grand cause of IPFS has since begun.

Actively embracing JavaScript is the second step of IPFS. The complete p2p protocol of IPFS is written in JavaScript. At the same time, JavaScript can be used to develop IPFS networks and make them compatible with Linux, Windows and FreeBSD. IPFS also shows in detail the whole process of casting NFT through JavaScript, and the latest iterative version of js-ipfs v0.48.0. JavaScript provides important support for the application of IPFS. If the browser is the foundation of the development of IPFS, then JavaScript is the driving force for the development and growth of IPFS. Continuously encouraging developers to cooperate and expand boundaries is the third step of IPFS reform. Now the IPFS ecological track has begun to take shape. IPFS’s ecological participation roles include research and development collaborators, NFTs, decentralized video, DeFi, browsers, DAPP protocol versions, etc., and accelerate cooperation with other public chains such as Ethereum, diverse participants, and increasingly mature The ecological construction of IPFS has made this high-rise IPFS rise from the ground.

You may be wondering why the speed of Bitcoin payment and transfer is so slow, why the price is still so high. This is mainly because Bitcoin is not only used for payment, but also as a means of value storage. A pdf named "Hoarding Bitcoin" circulated privately in the currency circle. It is believed that the biggest application of Bitcoin is not bookkeeping, but Become currency. Currency is the biggest application of Bitcoin. Just like gold, gold is a measure of value, one online and one offline. This is why most market traders lock their funds in Bitcoin.

In fact, Bitcoin seems to have become a tool for the rich and capital to manipulate the currency market. Has Bitcoin really become a winner-takes-all situation?

For a long time, people have been worried that the cash settlement process is too easy to be operated. Some investment giants have peeped into new business opportunities and want to deliver bitcoin futures products through physical delivery to compete for bitcoin pricing power. For example, Bakkt Futures Exchange, the upcoming Bitcoin futures, will join the competition for Bitcoin pricing power.

According to data from PARISQ, Bitcoin concentration is almost 50 times that of global wealth concentration. 50% of Bitcoin wealth is controlled by 0.023% of wallet addresses. In contrast, 50.1% of global wealth is controlled by 1% of the world's population. control.

The prosperity and decline of the currency market are supported by Bitcoin, which is not a good signal. In addition, the Bitcoin network, which has been maintaining a large amount of electricity and computing power, is constantly consuming the world's resources. This is not a long-term solution. We hope that there are more currencies that are more able to compete with Bitcoin and are not the same. After all, it is too crude and dangerous to put the prosperity of the currency market on one currency. The utopian world of just and fair blockchain is still far away from us.

Is there a new currency that can become the next "Bitcoin" with checks and balances? Yes, Filecoin. Filecoin is the incentive layer on the IPFS distributed storage network. Through the issuance of tokens FIL, it attracts people to contribute storage resources, retrieval services, and bandwidth resources to the IPFS network to build a strong and new Internet, which we call Web3.0 . Why is FIL most likely to be the next "Bitcoin"? We know that Bitcoin consumes a lot of electricity and computing power to create value, and it has its own limitations. IPFS is fundamentally different from Bitcoin mining.

1. The relationship between the IPFS system and the FIlecoin system: ① IPFS is just a protocol, not the mining software itself; ② The Filecoin system is the mining software itself, the token name is FIL, and Filecoin uses the IPFS protocol to run the system; ③ Filecoin and IPFS protocols are both developed and maintained by Protocol Labs. 2. How are FIL tokens distributed? There are a total of 2 billion FIL tokens, and the distribution plan consists of four parts: ① 70% as the return of mining: like Bitcoin, it is gradually distributed according to the progress of mining; ② 15% reserved Protocol Labs: as research and development expenses, the ban will be gradually lifted in 6 years; ③ 10% is allocated to ICO investors: according to the mining progress, the ban will be gradually lifted; ④ 5% is reserved for the Filecoin Foundation: as long-term community construction, network management and other expenses, the ban will be gradually lifted in 6 years.

3. How to mine?

The Filecoin system has created two mining markets: ① Filecoin Storage Market (Filecoin Storage Market) Hard Disk—Yes, it’s the size of the hard disk. What you need to contribute to the data storage market is hard disk storage space. The more hard disk space you have, the higher your mining capacity. Storage) prove that FIL will be distributed to everyone proportionally according to the size of the data you store. So everyone knows what to do: students who want to dig the first pot of gold, get your disks ready. ② Filecoin's Retrieval Market (Filecoin's Retrieval Market) Bandwidth-Provide network bandwidth. If you have bandwidth resources, you can consider mining in this market and allocate FIL according to your bandwidth. Of course, you can also participate in the two markets at the same time. It's up to you. After the Filecoin system is released, students who want to mine should act quickly and try to dig the first pot of FIL. The earlier you intervene like BTC, the higher the profit. . 4. The main technical difficulties of Filecoin: ① Proof-of-Spacetime (Proof-of-Spacetime): Proof that miners use characteristic storage space to store specific data (used for mining) within a period of time; ② Proof-of-Replication: Proof that specific data has been copied to the user's storage space; ③PFT (Power Fault Tolerance): The upgraded version of Byzantine fault tolerance, a classic problem that cannot be avoided by the communication protocol, the Byzantine Generals problem.

① Different mining principles:

PoW, the full name of Proof of Work, is proof of work.

Bitcoin/Ethereum, as well as most public chains or virtual currencies, are based on the PoW algorithm to implement their consensus mechanism. That is, according to the effective work contributed by mining, the distribution of currency is determined. The so-called mining under this principle is a process in which the computer continuously searches for the Nonce value and calculates the Hash value through exhaustive methods. Whoever finds it first will succeed in digging. Mining based on the PoW mechanism is mining that consumes a lot of computing power and electricity.

PoSt, the full name of Proof-of-Spacetime, is (storage) proof of space time.

On the basis of Proof-of-Stake consensus, Filecoin improved the consensus mechanism and became PoSt, to replace the proof-of-work PoW. In the Filecoin system, the miner completes the storage, and the user confirms that the miner completes the storage. The “confirm that the miner completes the storage” here is the Filecoin consensus mechanism (PoSt). This “confirm that the miner completes the storage” will always exist in the Filecoin network, and the user can Check it out anytime.

PoSt is generated when Filecoin verifies that miners store user data. Filecoin converts the current storage ratio of miners in the network to the storage ratio of the entire network into voting power of the miner, where the network selects a miner to create The likelihood of a new block is directly proportional to the cost of the storage they are using and the rest of the network.

Under the PoSt mechanism, miners prefer to invest in storage rather than computing power to parallelize mining calculations. Miners provide storage and reuse calculations to prove that data is stored to participate in consensus. Proof of storage (PoSt) is used to generate consensus, without wasting computing resources and energy like Bitcoin, and it can encourage miners to invest more storage space (hard disk) resources instead of computing and energy resources to contribute to the network, which is very environmentally friendly and efficient Way. Simply put, mining based on the PoSt mechanism is a mining that invests a large amount of storage space (hard disk) and bandwidth resources.

② The nature of the mining machine is different:

The essence of BTC/ETH mining machines is a data computing device.

From the initial personal computer mining, graphics card mining, and personal mining at home, mining has developed to clustered and specialized large-scale mining. Regardless of the initial CPU mining, GPU mining, or later FPGA mining, ASIC mining, large-scale cluster mining, the essence is to concentrate on improving the data computing power of mining equipment mining.

The essence of IPFS mining machine is a data storage device.

The essential difference of the mining machine makes the configuration characteristics of the storage mining machine very different from the BTC/ETH mining machine. The storage mining machine mainly used for data storage does not require too high computing power, that is, the performance of the CPU does not require too high, and the memory capacity is suitable, but it requires a large storage space, that is, the density of the hard disk per unit space is required. Large, equipped with as many hard disks as possible, at the same time, the I/O performance of data storage should be high, and the bandwidth channel should be as high as possible. Because of the special requirements of data storage, the entire mining machine must be stable, safe and not easily damaged.

③ Different mine options

BTC/ETH mine: Because it consumes a lot of electricity resources, places that can provide low-cost electricity are the first choice. Our domestic mines choose to deploy in relatively remote places such as Inner Mongolia and southwestern provinces because of the rich thermal power, wind power or hydropower resources. The internal requirements of the mine are relatively simple. As long as the ventilation and heat dissipation effect is good, the racks for placing the mining machines do not need too professional equipment, and there are no special requirements for the floor and ceiling of the mine. Mines do not require a high degree of dispersion, so such mines are relatively concentrated.

IPFS mining farm: We already know the secrets of IPFS mining: the hard disk space of the mining machine must be large, the network bandwidth must be large, and the site should preferably be in a place with high frequency of use and high population flow. Because the IPFS mining machine consumes less energy, it is not too demanding on the supply of electrical energy. Because there is a large amount of data I/O, the network bandwidth requirement is as high as possible. Because of the particularity of data storage, mining farms must be constructed in accordance with the requirements of data centers or quasi-data centers, requiring constant temperature and humidity to prevent static electricity as much as possible, and the equipment for placing mining machines must also be dedicated to professional servers. IDC data room in large cities is the first choice for large mines. It is a good choice for small mines to be placed inside residential communities. Because of the particularity of the IPFS system, the more dispersed the mines, the better. Large mines are useful, small mines are also useful, and even personal home mining equipment is as useful.

The founder of IPFS, Juan Benet (Juan Benet) was born in Mexico and studied computer science at Stanford University in the United States. After graduating from undergraduate in 2010, he continued to study for graduate students. The graduate student chose the direction of distributed computing and computer science. And graduated from postgraduate in 2012. And Juan Benet established the Protocol Laboratory (https://protocol.ai) in 2014, which is an open source organization dedicated to the storage, location and transmission of information.

With the advent of 4G and 5g, the production data index has increased significantly in recent years. Only in the research of market research institutions, the global annual data in 2025 can reach 175zb, reaching 187.9 billion tons. I think everyone will be surprised by these data.

How do we ensure the security of these massive amounts of data? The characteristics of distributed IPFS memory are beginning to emerge.​

Distributed storage is networked from many simple PC servers at a relatively low price. This node has strong scalability, low threshold, almost unlimited expansion limit and large data capacity. The following code is the IPFS open source code. Companies can add interfaces to IPFS network technology to create new safe copies.

The most striking part of IPFS is that anyone with an internet connection can use it without a subscription or large investment. Like Amazon Web Services (AWS) in 2006, IPFS further eliminates the entry barrier of cost, enabling individuals and lean start-ups to obtain the same level of content distribution as large companies are used to through the Internet. This will lead to new services and applications entering the market.

IPFS is positioned to disrupt traditional file hosting services, and there are several other reasons: 1) IPFS does not have a content locking function. To move and fix data to another storage network, you only need to enter a unique CID. 2) It can be expanded across nodes as needed. The protocol aims to utilize nodes in an exponential and intelligent way as the demand for files increases. 3) It supports a variety of data persistence models-traditional merchant services, blockchain (such as Filecoin) and service sharing support file fixed services. 4) Cloudflare has an IPFS gateway, Cloudflare has a distributed web gateway for IPFS, you can easily use custom domains and utilize their network. 5) IPFS is cheaper. As companies learn that IPFS is cheaper and as reliable as traditional file hosting services, they will turn to IPFS to save money.

Filecoin is the incentive layer of IPFS and chips in the future IPFS distributed storage network. This is not only a transitional economy, but also a fair demand. Must store data and pay for file service costs. The market will stabilize the market position of documents. In the future, the storage market will continue to grow, storage demand will continue to grow, and overall capacity will become more and more stable. Mobile photo backup, supported by the filecoin network. Most importantly, the data is safe. According to the news of the project party, on August 28, 2021, Red Bank Capital announced that it had spent more than US$70 million on the IPFS track, deposited US$3 million in Inspur Group, obtained authorization for 500 storage devices, and concentrated on large-scale applications. Index number, and provide column adjustment. In fact, it is not the first giant to purchase mining machines entering the IPFS production line. Prior to this, Jiucheng Group had signed an extraction and technical support document worth US$10 million with a coin extraction supplier. It is understood that IBM has signed 1 million research, delivery and sales contracts, installation and commissioning. As the cornerstone of the Internet era-web3.0, IPFS has been evaluated and disseminated nationwide, and has become a giant in more and more organizations and enterprises. The future will be unlimited.

In 2020, IPFS distributed storage will enter the market, aiming to replace the familiar HTTP transmission protocol. It was not optimistic in the early stage. After the mainnet of its token filecoin was launched, due to pledge, gas and linear release, it attracted global doubts. I believe that most people already have faith, especially after the wave of rise in March, and continued to outperform CHIA and the recent hot project swarm IPFS is currently being used as one of the few blockchain technology applications. Filecoin acts as an incentive layer and inspector to support the ecological development of the project. The official is also controlling the currency price for the market, aiming to make more people around the world Participating in the ecological development of this technology, just like the early rise of the Internet, what can the Internet bring to everyone? Many people can't imagine, but now everyone has witnessed the power of the Internet.

The Internet is stepping into the Web3.0 era, and the IPFS incentive layer mainnet, as the Web3.0 storage network, has been actively promoting its development process. At the same time, more and more high-quality projects extend an olive branch to the main network, including financial, medical, media, video, games and other fields. The coming of the Web3.0 era also means the decentralization of the Web, and IPFS will become an alternative to HTTP. The features of IPFS, such as decentralized storage, inability to be tampered with, and information encryption, will enable users to self-control data and digital identities. People can participate in voting to achieve a benign interaction between developers and users. Web3.0 will break the monopoly situation of giants, make the Internet realize value and decentralization, and people's lifestyle will undergo fundamental changes. All Internet users will no longer be restricted by the accumulation of existing resources, and have more equal access to wealth and reputation. chance. Recently, many killer applications have been officially announced, which are closely integrated with the current development of the blockchain industry, especially NFT storage applications, and the research and development of real useful data. From IPFS in 2014 to Filecoin in 2020, there has never been a break, and various ecological applications have prospered, with more than 400 applications of various types. At present, the computing power of the entire network has exceeded 8.75EIB, and Sling shot has real useful data. Has exceeded 21P.