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Why has the Filecoin mining machine become the hardest hit area of ​​MLM?

Before the launch of the testnet in December 2019, the currency market continued to be sluggish. At the same time, a large number of fake projects such as MLM coins and air coins were exposed by the media. After 1994, ICO was strictly prohibited. For a large number of MLM organizations, issuing coins for MLM The model has long been unsustainable, and the launch of the Filecoin test network is undoubtedly exciting news. In order to cater to the needs of the Chinese people to fantasize about getting rich overnight, the CX stories of Filecoin mining machines emerge in endlessly, and many funds and CX teams have directed and performed many absurd dramas.

For example, the "Snail Interstellar Server" developed by Henan Lianxin Technology Co., Ltd., which was exposed by the media, used the gimmick of mining IPFS token Filecoin to sell mining machines through pyramid schemes, and the amount involved was as high as 2 billion yuan.

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How should the capital market end this absurd farce?

With the spring breeze and the south bank of the green river, when will leeks return to their original value? In order to dispel the suspicion of leeks and increase the success rate of signing orders, when the capital plate frantically makes up stories and lacks cognition and lack of cognition, leeks purchase mining machines, in order to dispel the suspicion of leeks and improve the success rate of signing orders, the capital plate will often sign a mining machine purchase contract with leeks. However, many people even After purchasing the mining machine, the physical machine cannot be seen. The reason is that the delivery mining machine itself cannot mine, so it is entrusted to the miner for operation and maintenance on its behalf, and another wave of operation and maintenance fees will be harvested.

The 2K-5K so-called Filecoin mining machines sold in 2018 were impossible to dig out coins. The second-hand accessories were sold at the first-hand price, and the cost of the hard disk was used to record the cost of the server.

After the official launch of the testnet in December 2019, garbage mining machines could not complete the storage at all, and could not obtain storage computing power to generate blocks, which means that these mining machines could not mine coins at all. The story of pure CX disk and capital disk I can't write any more. At this time, the truly powerful and technical miners came on the stage, interpreting the story of a wave of good coins driving out the listed coins.

For those capital disk miners who were unable to dig out coins but signed contracts, it has become a difficult problem to fill in the previous holes. According to the actual situation that IPFSBase has learned from the market, the methods they adopt are:

1. Collect token shares from private equity investors in order to make up for the pits that cannot be dug up.

2. Use the cash flow obtained from CX to purchase a large number of futures tokens in the secondary market. After the main network is launched, the tokens will be distributed to investors in proportion.

3. Purchase cluster solutions directly from powerful miners, and compress the 100T income previously advertised to 1T income

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Hidden dangers of the Filecoin project

The current project development has the following risk points:

1. Policy risks of distributed storage

Referring to the previous Kuaibo and eMule from the outlet to the later banning of pirated content and politically incorrect content, IPFS and Filecoin are also facing the same problem. The Filecoin project has the largest number of storage miners in China, but the compliance and legitimacy of the storage content It is difficult to guarantee that storing politically incorrect, unsuitable for children, cult MLM or pirated content will face the sanctions of socialism iron fist.

Filecoin has a storage market and a retrieval market, which is equivalent to a free decentralized trading market. There is no entity to manage the exchange, the transaction is transparent, and anyone can participate anonymously. Filecoin cannot control and supervise user behavior, which is a great regulatory problem for governments of all countries.

2. Fundamental risks of the Filecoin project

Supporting the stability of a project’s token price is the fundamental aspect of the project. The IPFS protocol, which has been implemented in the Filecoin project, has been successfully running for 5 years, and the ecological development is growing stronger and stronger. Dapps such as OpenBazaar, peerpad, and Dtube continue to expand. But what is worrying is that the ecological development has only increased in quantity but not in quality. Take Dtube as an example, you can see this when you open the main page. It is a video website similar to Youtube, but its user base and video quality are not comparable to Youtube. Not one level, the user base is very small.

From the current point of view, the fundamental support of Filecoin is not very reliable. In the initial stage of the mainnet launch, it is possible that the token price may rise sharply due to factors such as project popularity, mining pledge mechanism, and miners’ silent costs. However, the popularity of the mainnet Afterwards, the fundamentals for maintaining the stability of the currency price are not solid, and there is a high probability that it will go down all the way.

3. The miner market is facing a situation of fewer porridge and more monks

The most frequently heard words are "Friends, be sure to seize the top mining bonus of the star project Filecoin in 2020. The top mining coins are the most. Look at the development process of BTC. Back then, home computers could mine hundreds of coins every day. , Now professional mining machines can’t dig out one in a year. IPFS is a more promising project than BTC. In the future, the market value will definitely surpass BTC. If you buy it now, you will earn it. Give yourself a chance to realize your dream of getting rich.” .

As everyone knows, the mainnet of the Filecoin project is launched. In the initial stage of the first mine, miners all over the world can dig 440,000 FIL every day. The probability of miners’ block production is determined according to the effective computing power of the miners’ nodes around the world as a percentage of the total network computing power. In other words, it can be understood as the relationship between the numerator and the denominator. Each miner node is the corresponding numerator. The sum of the effective storage computing power of miners all over the world is the denominator. As more and more people invest in the mining industry, the value of the denominator will undoubtedly increase. If there is no increase in investment, the miner node The value of the numerator has an upper limit, and it is foreseeable that the amount of coins produced by mining machines will only decrease in the later period.

Therefore, many miners will play the slogan of paying back the capital within two months, and the rest will be profit. If the mining machine can really produce blocks and dig coins, according to the current popularity of the project, it is not impossible to realize the goal of this slogan. , but the premise is that the miners can quickly fill up the storage computing power after the main network goes online to maximize the income.

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What kind of mining machine is worth buying?

There are still many users in the market who want to participate in the Filecoin project. The current way to participate is to buy futures or mining machines in the secondary market. Futures are very risky. The average cost of project financing is $1.5 per FIL. Currently, FIL futures are available in the secondary market. The price is 21 US dollars, and the cost price of buying futures is ten times that of the financing party. After the mainnet is launched, whether the futures purchased on the exchange at this stage can be cashed into coins still needs to be questioned.

Most users will still choose to buy mining machines to participate in the project, but which miner to choose and which pitfalls to avoid, IPFSBase gives the following guidelines for users to avoid pitfalls.

1. The more publicity and official relationship the miner needs to pay attention to, the higher the probability is the CX machine.

2. The sales orientation is based on the results of the first test and the second test to flaunt their own mining machines. To avoid, the results of the space race (big miner test) are really meaningful, and the previous test results are for reference only. IPFSBase predicts that the official nodes of the space race project to be truly incentivized by tokens will most likely rank in the top three. The previous official nodes of the first test and the second test are all soy sauce, so the results of the space test are of great reference significance.

3. Pay attention to the technical strength of the miners. The algorithm will be changed after the mainnet is launched later. If the technical strength of the miners is not good, it is very likely that the entire cluster solution will collapse.

4. Check the physical machine of the mining machine and disassemble it to see if the accessories inside are all the latest. It is rumored that some miners use second-hand accessories. Then match the internal accessories to see if they are consistent with the publicity.

5. Ask about the details of mining machine operation and maintenance in the later stage, including operation and maintenance costs, operation and maintenance environment, how to view revenue, how to solve problems with mining machines, how to deal with operation and maintenance disputes, etc.