Do you want to make moneyFilecoin compares with Bitcoin. What is the difference? Bitcoin is the first digital currency in the blockchain, while Filecoin is the first digital currency to store blocks and Filecoin is an incentive for people to upload valid data and a decentralized currency in the true sense. . There are several differences.
1. Filecoin and Bitcoin have different mining principles
Bitcoin uses the PoW consensus mechanism; and Filecoin uses the PoSt consensus mechanism. The amount of coins earned by Bitcoin depends on the effective work contributed by mining. In other words, the better the computer performance and the stronger the computing power, the more opportunities for mining.This is to perform the distribution of money based on the proof of work.Mining under this principle is a process in which the computer continuously searches for the Nonce value and calculates the Hash value through an exhaustive method. Whoever calculates it first will succeed in mining. The simple understanding is that the higher the computing power and the longer the mining time, the more BTC will be obtained.
In the Filecoin system, if the miner completes the storage, and the user confirms that the miner completes the storage, the mining is considered successful. PoSt is generated when Filecoin verifies that miners store user data.Filecoin converts the current storage ratio of miners in the network relative to the storage ratio of the entire network into miners' voting rights, where the possibility of the network choosing a miner to create a new block is directly proportional to the storage they are using and the cost of the rest of the network.
Under the PoSt mechanism, miners invest in storage instead of computing power to parallelize mining calculations. Miners provide storage and reuse calculations to prove that data is stored to participate in consensus. Use Proof of Storage (PoSt) to generate consensus.
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 essence of Filecoin and Bitcoin is also different
Bitcoin is a digital currency; Filecoin is a storage network project and a reward "rule". It has its own token, FIL, with a total of 2 billion. Its biggest role is to encourage the active participation of storage and retrieval miners through FIL.Stimulate the vigorous development of the entire market. In other words, Filecoin not only provides coins, but also provides attractive "rules" that allow us to benefit together in the storage market.
3. The future prospects of Filecoin and Bitcoin are also different
Bitcoin mainly relies on the blockchain to reflect its own rarity. Its value characteristics are comparable to gold, and it has currency attributes and can be used to purchase commodities.On the one hand, Filecoin can solve the shortcomings of current centralized storage and can be used for data storage in various industries. It has a wide range of application prospects; on the other hand, IPFS will be benchmarked against HTTP, which will subvert Web2.0 in the future and move towards Web3.0. Life is more efficient and convenient.
4. Filecoin and Bitcoin mining use different mining machines
Bitcoin mining has evolved from personal computer mining, graphics card mining, and home mining with personal mining machines to the current 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.
Filecoin mining is mainly used for data storage and does not require too high computing power, that is, the performance of the CPU is not required to be too high, and the memory capacity is suitable, but a large storage space is required.In other words, the density of hard disks per unit space should be large, as many hard disks as possible should be equipped, and the I/O performance of data storage should be high, and the bandwidth channels 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.
5. The mining farms for Filecoin and Bitcoin mining are also different
Bitcoin mines consume a lot of electricity resources, and places that can provide low-cost electricity are the first choice, such as Inner Mongolia, Xinjiang, Yunnan, Sichuan, and Guizhou.The internal requirements of the mine are relatively simple. As long as the ventilation and heat dissipation effect is good, the racks for 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.
The Filecoin mining machine does not consume much energy, and the supply of electric energy is not demanding. 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, and the equipment for installing mining machines must also be dedicated to professional servers, and cannot be disconnected from the network. IDC data room in large cities is the first choice for large mines. Because of the particularity of the IPFS system, the more dispersed the mine, the better.
