Human civilization is always moving forward, from flying pigeons to pass books, to telephone, and now to QQ and WeChat.

When we look back at a certain point in time, we feel that the emergence of all new things is an inevitable result. However, when we turned our heads and looked forward, we realized that the future is chaotic.

The future of blockchain is chaotic, even though it has been around for ten years.

The blockchain entered the public eye in 2017. In that year, the price of Bitcoin soared all the way to the highest point of $19,565.5.

People are crazy about the blockchain and new things"Fear Of Missing Out", contributed to the huge bubble of blockchain assets in 2017.

Now, with the bubble bursting and bitcoin's price less than one-fifth of its peak, speculators are fleeing. The bubble makes the blockchain fall into the game of short-term interests, and the bursting of the bubble can usher in the real development of the blockchain.

At the end of 2018, DApp was pushed into the spotlight. Many people believed that it would detonate hope in 2019 and usher in the next bull market. Some people believed that it was just another wild land full of wool parties and miners. one way or another,With the popularity of DApp, DApp mining has successfully attracted the attention of the industry.

With the shattering of the ICO model, many blockchain projects are now beginning to transform into DApps. In fact, most DApp projects are just cutting leeks in a different way. Next, I will use a model to teach you how to judge whether DApp mining is feasible.

What is DApp mining?

In addition to DApp mining, you may have heard ofMobile mining, transaction miningWait, in essence, it is a marketing method for project community building, which is the same as ofo's bicycle cashback.

Before DApps,Mining usually refers to the behavior of BTC/ETH/LTC/BCH and other public chains to obtain Token rewards by maintaining the performance of the main network。

For example, in BTC, miners use electricity and computing power to continuously calculate the hash value to obtain the right to package blocks, confirm all transactions within 10 minutes to form blocks, and receive rewards.

But the DApp prosperity brought by EOS has redefined the miner ecology.

DApp Miner: DApp miners refer to the group of people who participate in the game frequently and get a large amount of game Token rewards.

DApp mining: DApp miners participate in games frequently through scripts and automate mining. The risk of mining is that the script itself may be risky, and the obtained game Token is not enough to cover the mining cost due to the price drop (EOS cost input, CPU rental cost, platform pumpingwait).

DApp mine owner: The script provider obtains rewards for miners' EOS stakes through invitation rewards.

Miner Rewards：DApp's Token is similar to equity and has the attribute of dividends; On the one hand, the mined Token canSell ​​directly through decentralized exchanges or over-the-counter transactions to earn income, on the other hand canObtain dividends from the project side by staking Token or holding Token。

Can DApp mining really make money?

The essence of DApp mining is,Pursue the maximum winning rate and the maximum mining income instead of gambling。

Judging whether you can make money is actually very simple:

Note:

Note:Mining costs include CPU rental costs, platform pumping costs, lost EOS, etc.。

At present, most projects will go online on the decentralized exchange on the day they go online, and miners decide whether to mine or not according to the real-time price of the exchange and the mining model. If it is profitable, they will pour into the project to mine and carry out arbitrage. The simplest mining model is as follows:

Profit and loss EOS= (mining reward * current market price + invitation reward) - (1 - player winning rate * platform odds)

In this model, the only variable is the current market, and the remaining numerical items will be announced.

At 16:00 on December 28th, Beijing time, the DappDiscover Research Institute selected several popular projects as samples, and based on the current market priceQuantitative Analysis。

It can be seen from the table that these popular gaming projects are no longer suitable for mining, that is to say,Mining is losing money now。

Project parties generally launch some stimulating activities, such asTrading Ranking Rewards, Sweepstakesetc. For newly launched projects, mining rewards are generally high in order to obtain user volume and transaction volume in the early stage.

However, also note thatIs there a mining halving mechanism?, when the reward is halved, it is necessary to judge again whether it is worth mining.

Due to the demand of the huge miner group, in addition to more than 10 scripts for EOS DApp mining currently on the market, there are also projects that have developed mining robots for the miner group.

The robot can judge whether mining is profitable based on real-time market conditions. If mining is profitable in the current market, it can automatically mine according to the rules.

To sum up, in the DApp mining model, miners generally need to examine the following five aspects:

1. Real-time quotes of game tokens;

2. Game winning rate and platform rake ratio;

3. Mining ratio and invitation rewards;

4. Whether there is a mining halving mechanism;

5. Activities launched by the project party

Please pay attention to mining

In the circle of EOS Dapp, benefits and risks are directly proportional. The biggest hole so far isGood and bad projects！

Because there are not so many project parties, some project parties will imitate BetDice, directly pirate one and go to mine.

Many users missed the bonus opportunity of BetDice in the early stage and felt that the new project was profitable, so they rushed into mining regardless of the risks.

If a project only talks about benefits but not risks, don’t enter it. Any project mining is risky.

The current development trend of Dapp is that there are more miners and fewer players. In fact, if a project wants to develop for a long time, it must rely on players (gamblers) to contribute profits.

So in the end, it still falls on the project itself, returning to the essence of business, and attracting new users and new traffic through continuous iteration and development.

What DApps are you interested in?

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