Filecoin mining VS Bitcoin mining, who is the king?

Fil faces more serious regulatory issues than BTC

Wang Xuejing: Bitcoin mining was once included in the list of obsolete industries. Compared with Bitcoin mining, will Filecoin encounter regulatory problems? Especially TON was forced to terminate. Do you think Filecoin will have the same fate?

Zhou Huan: Bitcoin is included in the list of eliminated industries. In fact, it is because of the input and output of Bitcoin. It belongs to a large number of energy-consuming industries, so it will be included in the list of eliminated industries for a period of time. This is understandable of.

In fact, any project will encounter risks and regulatory issues, and in fact, the regulatory issues that Filecoin encounters are more severe than that of Bitcoin, because Bitcoin has no practical use other than mining.

In other words, as long as you purchase electricity legally and purchased from the State Grid, there is no stolen electricity or leakage, and there is no safety hazard. At best, it will be guided and eliminated, not that it is banned, but Involving some projects that may violate existing legal issues, they may encounter very big challenges in terms of supervision, such as TON.

Filecoin mining VS Bitcoin mining, who is the king?

There is a very big difference between the Filecoin project and the Bitcoin project, that is, the Filecoin project, which is oriented to actual landing scenarios.

Everyone knows that Filecoin is a storage project. Storage projects are actually storing all kinds of data and storing valuable data. The project party has been guiding miners and the market, hoping that these machines can be used to store very valuable data. Data, rather than some rubbish data.

Filecoin officially encourages everyone to store useful data in the hope that it can be implemented. The more oriented projects are, the more likely it is to touch various legal issues, because if you don’t usually use it, it There is no risk, but once it is used, then it may be very risky, to give a few examples.

The first one, since Filecoin wants to store data, after the data is stored, it will ultimately be used by others. In fact, the legality of this data itself has a big problem.

The first problem is that if some illegal data is stored and the illegal data can be used normally by users, this is almost not allowed in every country, not only in China, but also abroad.

Some illegal data you store, such as some offline criminal transaction data, or some child pornographic data, or some terrorist activity data, these illegal data exist in any country and are used by users in any country Almost all are not allowed, so as long as Filecoin can store useful data, then it will definitely touch this kind of regulatory risk in this regard.

Second, once the data is valuable and the user pays for storage, for example, I spent 10,000 yuan to store my company’s data, then once the data is lost, or stolen or leaked, the same is true It will also trigger corresponding legal supervision issues.

At present, encrypting data is a way to protect data security, but there is still no way to rule out the possibility of loss or theft of high-value data that users have paid for storage. Once this happens, it will almost touch the laws of various countries now. Miners also need to bear corresponding responsibilities. Then, in addition to the responsibility of Filecoin's own member punishment mechanism, on the other hand, they must also bear corresponding legal responsibilities. .

Therefore, the regulatory problems faced by Filecoin will be more serious than Bitcoin, and even more serious than TON. This aspect is also an actual potential risk that all miners need to consider. The greater the investment in the mine and the greater the amount of funds, the worse the risk tolerance in this regard may be. Bitcoin mining is not the same. After the production capacity is eliminated, it is a big deal to buy electricity from the State Grid in a more compliant way, use legal electricity to mine, no longer steal electricity and leak electricity, and even optimize the configuration of the mine to improve The environment of the mine, strengthening the management of safety, can seek a legal operation method in a certain legal space.

But Filecoin is different. Filecoin itself is not the same as Bitcoin. It cannot be digged in deep mountains and old forests. That is to say, it must be in the data center of the city, at least in the data center, as mentioned by several sharing guests just now. , Its requirements for data centers and computer rooms are actually very high.

When a large number of machines are stacked in the machine room, once a supervision problem occurs, it is almost difficult for you to escape supervision. For example, disconnecting you from the Internet, powering off, or directly confiscating the corresponding illegal machines, these are very possible, and because the investment of the Filecoin machine itself is much larger than that of Bitcoin in all aspects, the risk in this respect is actually not Not consider.

02

Be sure to conduct a real test before placing an order!

Wang Xuejing: As an ordinary person, if you want to profit from Filecoin mining, what should you pay attention to when choosing a mining machine? In addition, are there other ways to participate in profit? Will cloud computing power Filecoin mining be an ideal way?

Zhou Huan: As an ordinary person who wants to participate in mining, what should I pay attention to when choosing a mining machine? I think this should be a problem that most users who want to participate in mining are more concerned about.

First of all, since the beginning of the 18th, many mining machines have been launched on the market, and now there are more and more mining machines. From 18 to the present, the code of Filecoin has actually undergone a lot of changes. In fact, it also has a big impact.

In fact, many early machines have been proven unable to participate in this early Filecoin mining at this stage. How do you understand this sentence?

It is the current Filecoin algorithm. Its code is in mining. The requirements for the performance of the machine are actually relatively high. Therefore, it turns out that some low-configuration mining machines are actually unable to participate in the current stage of mining.

The inability to participate in the current stage of mining does not mean that you cannot participate in the next stage of mining in the future, because the Filecoin project must face the problem of landing use. The cost of the existing algorithm for data storage is actually relatively comparative. High, a considerable part of its cost is consumed on its proof, which means that its computing power is the original hard disk to store data, and it has hard disk costs and network costs.

In addition to the cost of the hard drive and the network, there is also a large amount of GPU computing power overhead. In fact, it is invisibly increasing the market competitiveness of Filecoin as a storage application itself. If Filecoin is to truly land, it must continue to reduce the difficulty of the algorithm. In other words, in the future, home machines must also be able to mine Filecoin. This is the ultimate Ideals and goals.

Many users who have bought low-end machines before, actually don't have to worry too much. After some technical remedial measures and waiting for the next stage of algorithm optimization, they can still participate in Filecoin mining.

For miners who haven't bought machines yet, I don't really recommend that you buy large ones or a large number of machines to mine, because Filecoin mining and Bitcoin mining are very different.

Bitcoin mining buys the mining machine and puts it in the mining farm. Whether it is hosted or built by yourself, the difficulty in all aspects of its operation and maintenance management is relatively small, and it is very difficult for operation and maintenance. The requirements of the maintenance team are actually relatively low, but Filecoin mining is a very complex system. Its computer room costs, electricity bills, network fees, and the ability requirements of operation and maintenance personnel are actually very large.

For the kind that you want to buy dozens or hundreds of units, and at the same time, you don’t have an operation and maintenance team, and you don’t have the resources and experience in this area, in fact, it is best to find a mining machine company to cooperate, and the mining machine company will help you produce a complete set of To B's operation and maintenance plan, this is actually very good, otherwise, a bunch of machines will have a problem at that time, you can't actually make up for this loss yourself.

For retail customers buying machines, for example, I just buy two or a dozen machines, and I’ll try it out. In this case, if you look at it now, you can compare more. The names on the market can be called, and the brands are different. In terms of word-of-mouth, there are actually only a few. You can ask more, and then don’t worry, don’t be impulsive, there is still a period of time before the mainnet launch, you can compare more, choose more, don’t rush to download Decide.

Then, you can also go and watch with some friends who know the technology around, because many mining machine companies will use some special methods, whether it is ranking or cheating, such as direct PS to generate a ranking map, This is actually more difficult for ordinary users to identify.

Because Filecoin mining itself is very complicated, many projects must be understood in detail, and friends who know the technology can help refer to them. Regarding some rankings and performances, you must know more and ask more. For example, how many machines do you use? How much did it cost? Get this ranking, what is your output per unit cost? You can even ask to see its actual operation and maintenance process data. In this case, it will be relatively safer. For investors in large-scale mining farms, this cycle must be more cautious and longer. In this process, it is also necessary to understand and compare with many parties, because now Filecoin's The heat is really very high.

In addition to the Filecoin project in the entire blockchain industry this year, there are actually no other projects worthy of your attention. Therefore, all kinds of funds and MLM coins have come to engage in Filecoin. You must be careful to distinguish and not be deceived. For very expensive companies, for companies that have clearly promised the payback cycle, for companies that have clearly promised how many coins can be produced in a day, these companies must pay more attention to such attractive publicity companies, as long as you are not greedy. It's hard to be cut, so everyone should adjust their mindset about buying, don't be blind.

In addition, are there other ways to participate in profit? In fact, there are many, because the project ecology of Filecoin will far exceed the Bitcoin ecosystem, and even surpass any existing blockchain project. In addition to mining, it can also do many other things, such as Filecoin-based application development, including the use of Filecoin to provide storage services to traditional enterprises, which are actually possible.

When choosing a mining company, you should also look at this mining company. It is best not to simply sell mining machines. It has a relatively strong technical team. In this case, even if the future profit of Filecoin mining is not It is extremely high, or the currency price fluctuates very sharply. You can still use these machines to provide storage services for traditional enterprises. This is still a relatively good and considerable investment project.

Will cloud computing power Filecoin mining be the ideal way?

First of all, in fact, I have never agreed with the term cloud computing power. A more appropriate way should be cloud storage power. Because it doesn't just rely on computing power to mine, it needs hard drives, network, bandwidth, and electricity bills. These are all factors that have a big impact. Whether it is cloud computing power or cloud storage power, it is indeed the most ideal way for retail investors to participate in Filecoin mining, because it is the simplest and most trouble-free, and in fact, cloud computing power is a fairly standardized service.

After the user purchases the mining machine, the mining machine is actually owned by the user. It is an asset of the user. Then the user entrusts it to the mining farm or to the accounting company. It is not always necessary to dig more and less, and this mining machine The one-time investment is also relatively large. But the cloud computing power is different. It is more flexible. You can buy it directly for one month or one year. At present, most of the cloud computing products on the market are for one year.

Relatively speaking, its cost is actually much cheaper than buying the machine directly. After you buy cloud computing power, you don't need to consider electricity costs, hosting fees, network costs, operation and maintenance, etc., all other factors will be relatively simpler, don't worry, there will be much less content you need to compare and distinguish.

However, because Filecoin has not really been launched yet, there is actually no standard for direct comparison of the cloud computing power products of various cloud computing power companies. In fact, everyone is relying on your understanding of the company, the publicity words of the company personnel, and Corresponding promotion policies are selected. After Filecoin is actually launched, how much output can be mined with the price of cloud computing power. Under the same circumstances, this actually has a relatively easy to compare standard.

When Filecoin is actually launched, I believe that cloud computing power will truly replace mining machines and become the most important way for retail investors to participate in Filecoin mining. But for now, because there is no standard for comparison, it may be better for everyone to have a physical machine. Feel at ease, but this is only a psychological comfort, because in fact, you may not have seen the machine from start to finish. After the machine is purchased, the payment will go directly into the mine.

The first problem is that if some illegal data is stored and the illegal data can be used normally by users, this is almost not allowed in every country, not only in China, but also abroad.

Some illegal data you store, such as some offline criminal transaction data, or some child pornographic data, or some terrorist activity data, these illegal data exist in any country and are used by users in any country Almost all are not allowed, so as long as Filecoin can store useful data, then it will definitely touch this kind of regulatory risk in this regard.

Second, once the data is valuable and the user pays for storage, for example, I spent 10,000 yuan to store my company’s data, then once the data is lost, or stolen or leaked, the same is true It will also trigger corresponding legal supervision issues.

At present, encrypting data is a way to protect data security, but there is still no way to rule out the possibility of loss or theft of high-value data that users have paid for storage. Once this happens, it will almost touch the laws of various countries now. Miners also need to bear corresponding responsibilities. Then, in addition to the responsibility of Filecoin's own member punishment mechanism, on the other hand, they must also bear corresponding legal responsibilities. .

Therefore, the regulatory problems faced by Filecoin will be more serious than Bitcoin, and even more serious than TON. This aspect is also an actual potential risk that all miners need to consider. The greater the investment in the mine and the greater the amount of funds, the worse the risk tolerance in this regard may be. Bitcoin mining is not the same. After the production capacity is eliminated, it is a big deal to buy electricity from the State Grid in a more compliant way, use legal electricity to mine, no longer steal electricity and leak electricity, and even optimize the configuration of the mine to improve The environment of the mine, strengthening the management of safety, can seek a legal operation method in a certain legal space.

But Filecoin is different. Filecoin itself is not the same as Bitcoin. It cannot be digged in deep mountains and old forests. That is to say, it must be in the data center of the city, at least in the data center, as mentioned by several sharing guests just now. , Its requirements for data centers and computer rooms are actually very high.

When a large number of machines are stacked in the machine room, once a supervision problem occurs, it is almost difficult for you to escape supervision. For example, disconnecting you from the Internet, powering off, or directly confiscating the corresponding illegal machines, these are very possible, and because the investment of the Filecoin machine itself is much larger than that of Bitcoin in all aspects, the risk in this respect is actually not Not consider.

02

Be sure to conduct a real test before placing an order!

Wang Xuejing: As an ordinary person, if you want to profit from Filecoin mining, what should you pay attention to when choosing a mining machine? In addition, are there other ways to participate in profit? Will cloud computing power Filecoin mining be an ideal way?

Zhou Huan: As an ordinary person who wants to participate in mining, what should I pay attention to when choosing a mining machine? I think this should be a problem that most users who want to participate in mining are more concerned about.

First of all, since the beginning of the 18th, many mining machines have been launched on the market, and now there are more and more mining machines. From 18 to the present, the code of Filecoin has actually undergone a lot of changes. In fact, it also has a big impact.

In fact, many early machines have been proven unable to participate in this early Filecoin mining at this stage. How do you understand this sentence?

It is the current Filecoin algorithm. Its code is in mining. The requirements for the performance of the machine are actually relatively high. Therefore, it turns out that some low-configuration mining machines are actually unable to participate in the current stage of mining.

The inability to participate in the current stage of mining does not mean that you cannot participate in the next stage of mining in the future, because the Filecoin project must face the problem of landing use. The cost of the existing algorithm for data storage is actually relatively comparative. High, a considerable part of its cost is consumed on its proof, which means that its computing power is the original hard disk to store data, and it has hard disk costs and network costs.

In addition to the cost of the hard drive and the network, there is also a large amount of GPU computing power overhead. In fact, it is invisibly increasing the market competitiveness of Filecoin as a storage application itself. If Filecoin is to truly land, it must continue to reduce the difficulty of the algorithm. In other words, in the future, home machines must also be able to mine Filecoin. This is the ultimate Ideals and goals.

Many users who have bought low-end machines before, actually don't have to worry too much. After some technical remedial measures and waiting for the next stage of algorithm optimization, they can still participate in Filecoin mining.

For miners who haven't bought machines yet, I don't really recommend that you buy large ones or a large number of machines to mine, because Filecoin mining and Bitcoin mining are very different.

Bitcoin mining buys the mining machine and puts it in the mining farm. Whether it is hosted or built by yourself, the difficulty in all aspects of its operation and maintenance management is relatively small, and it is very difficult for operation and maintenance. The requirements of the maintenance team are actually relatively low, but Filecoin mining is a very complex system. Its computer room costs, electricity bills, network fees, and the ability requirements of operation and maintenance personnel are actually very large.

For the kind that you want to buy dozens or hundreds of units, and at the same time, you don’t have an operation and maintenance team, and you don’t have the resources and experience in this area, in fact, it is best to find a mining machine company to cooperate, and the mining machine company will help you produce a complete set of To B's operation and maintenance plan, this is actually very good, otherwise, a bunch of machines will have a problem at that time, you can't actually make up for this loss yourself.

For retail customers buying machines, for example, I just buy two or a dozen machines, and I’ll try it out. In this case, if you look at it now, you can compare more. The names on the market can be called, and the brands are different. In terms of word-of-mouth, there are actually only a few. You can ask more, and then don’t worry, don’t be impulsive, there is still a period of time before the mainnet launch, you can compare more, choose more, don’t rush to download Decide.

Then, you can also go and watch with some friends who know the technology around, because many mining machine companies will use some special methods, whether it is ranking or cheating, such as direct PS to generate a ranking map, This is actually more difficult for ordinary users to identify.

Because Filecoin mining itself is very complicated, many projects must be understood in detail, and friends who know the technology can help refer to them. Regarding some rankings and performances, you must know more and ask more. For example, how many machines do you use? How much did it cost? Get this ranking, what is your output per unit cost? You can even ask to see its actual operation and maintenance process data. In this case, it will be relatively safer. For investors in large-scale mining farms, this cycle must be more cautious and longer. In this process, it is also necessary to understand and compare with many parties, because now Filecoin's The heat is really very high.

In addition to the Filecoin project in the entire blockchain industry this year, there are actually no other projects worthy of your attention. Therefore, all kinds of funds and MLM coins have come to engage in Filecoin. You must be careful to distinguish and not be deceived. For very expensive companies, for companies that have clearly promised the payback cycle, for companies that have clearly promised how many coins can be produced in a day, these companies must pay more attention to such attractive publicity companies, as long as you are not greedy. It's hard to be cut, so everyone should adjust their mindset about buying, don't be blind.

In addition, are there other ways to participate in profit? In fact, there are many, because the project ecology of Filecoin will far exceed the Bitcoin ecosystem, and even surpass any existing blockchain project. In addition to mining, it can also do many other things, such as Filecoin-based application development, including the use of Filecoin to provide storage services to traditional enterprises, which are actually possible.

When choosing a mining company, you should also look at this mining company. It is best not to simply sell mining machines. It has a relatively strong technical team. In this case, even if the future profit of Filecoin mining is not It is extremely high, or the currency price fluctuates very sharply. You can still use these machines to provide storage services for traditional enterprises. This is still a relatively good and considerable investment project.

Will cloud computing power Filecoin mining be the ideal way?

First of all, in fact, I have never agreed with the term cloud computing power. A more appropriate way should be cloud storage power. Because it doesn't just rely on computing power to mine, it needs hard drives, network, bandwidth, and electricity bills. These are all factors that have a big impact. Whether it is cloud computing power or cloud storage power, it is indeed the most ideal way for retail investors to participate in Filecoin mining, because it is the simplest and most trouble-free, and in fact, cloud computing power is a fairly standardized service.

After the user purchases the mining machine, the mining machine is actually owned by the user. It is an asset of the user. Then the user entrusts it to the mining farm or to the accounting company. It is not always necessary to dig more and less, and this mining machine The one-time investment is also relatively large. But the cloud computing power is different. It is more flexible. You can buy it directly for one month or one year. At present, most of the cloud computing products on the market are for one year.

Relatively speaking, its cost is actually much cheaper than buying the machine directly. After you buy cloud computing power, you don't need to consider electricity costs, hosting fees, network costs, operation and maintenance, etc., all other factors will be relatively simpler, don't worry, there will be much less content you need to compare and distinguish.

However, because Filecoin has not really been launched yet, there is actually no standard for direct comparison of the cloud computing power products of various cloud computing power companies. In fact, everyone is relying on your understanding of the company, the publicity words of the company personnel, and Corresponding promotion policies are selected. After Filecoin is actually launched, how much output can be mined with the price of cloud computing power. Under the same circumstances, this actually has a relatively easy to compare standard.

When Filecoin is actually launched, I believe that cloud computing power will truly replace mining machines and become the most important way for retail investors to participate in Filecoin mining. But for now, because there is no standard for comparison, it may be better for everyone to have a physical machine. Feel at ease, but this is only a psychological comfort, because in fact, you may not have seen the machine from start to finish. After the machine is purchased, the payment will go directly into the mine.