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Cloud computing power overview: similar asset securitization

Take Bitcoin Mining, the largest mining project in the market, as an example. The essence of mining is a manufacturing industry. It uses computing power, consumes electricity, and produces Bitcoin. At present, the total daily global output of Bitcoin is about 900, all of which are mined. Mine got. If you want to invest in Bitcoin mining, you need to purchase mining machines. Due to the scale effect of the manufacturing industry and the current mining farms prefer large customers, 50 or even 100 machines are the threshold for hosting—this is the mining industry. basic experience. According to the Antminer S19 mining machine (95Thash computing power) or S19 pro (110T computing power), according to 100T estimation, 100 units are 10P computing power.

Remarks: T and P are the computing power units of the Bitcoin mining SHA256 algorithm

The purchase cost is more than 1 million yuan for 50 units, and more than 2 million yuan for 100 units. The picture above is the official website of Bitmain. The futures have reached August 2021 (next year). Now you need to add money to find the spot mining. Such an investment amount discourages many people, and the threshold of several million is inherently difficult to participate in the game. So there is cloud computing power.

Continuing with the example, I now have 100P computing power equipment for mining (100Phash is approximately equal to 100000Thash), which is about 1000 S19 mining machines. Of course, I am a big user, and now I need to withdraw funds quickly, what should I do? Divide the computing power into 100,000 shares, each with a T computing power, and give a cycle, for example, one year, and then the coins dug out within one year will be transferred to the account of the person who purchased the computing power every day. Retail investors can use small funds Participating in mining, large households (or institutions) can quickly withdraw funds, a win-win situation. This is basically like a securitization of assets. The industry knows it, but the industry doesn't call it that.

Computing power seems to be a win-win situation, but there are many problems. For example, there must be a centralized platform for computing power sales. You are not afraid of the platform’s commission, but you are afraid that the platform will run away. Just imagine, I said I have computing power, but I didn’t actually purchase enough equipment (or I didn’t purchase equipment at all), can I still send coins to customers normally every day? Yes. I just need to take out the money from the subsequent sales to buy coins and send them to customers. The cloud computing power business is a breeding ground for Ponzi schemes.

If there are indeed mining machines, there is a high probability that there will be no problem with the operation model of the cloud computing power company, and there will be a virtuous circle. If there are not enough mining machines, the situation above will appear. Therefore, you must be well-known in the industry when purchasing cloud computing power, and you have the opportunity to check the number of computing power equipment, mines, and operating conditions.

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Cloud computing power NFT

NFT (non fungible token) is a non-homogeneous token. The reason why it is an NFT instead of an ordinary token is that the amount of computing power, the time period, and the manufacturer chosen by the cloud computing power owner may be different. Mortgage cloud computing power to cast NFT, and then NFT enters the secondary market for trading. It looks great, but it probably won't work.

First, it is difficult to carry out cooperation among miners.

For such an NFT platform, the required partners are major mining machine computing power manufacturers. My mining machine computing power is selling well, why should I cooperate with you? Miners have sufficient funds and can build their own platform to sell their computing power. There is no need to create an NFT to make it redundant.

Big miners will not cooperate with this new NFT platform, but small miners (computing power providers) may cooperate. However, as mentioned above, computing power products from non-renowned organizations are prone to thunderstorms. It is not recommended to buy such computing power, let alone buy such computing power NFT.

Second, there is a bug in the hype logic of computing power NFT

Cloud computing power assets have been securitized, but the securitization is not thorough enough. Now that NFT has been transformed, it is impossible to make it thorough. Because this "securities" (cut computing power) is not very circulated, but it is easier to sell. The transaction of computing power NFT is more like the delivery of computing power. After the delivery, it is necessary to agree on the duration of computing power. Under normal circumstances, buying NFT is to buy low and sell high, and this computing power NFT is only purchased as a contract delivery. Mining income can be obtained during the stationary time. Most of the people who invest in mining are long-termists (want to earn and store coins), otherwise they can directly invest in spot or futures for quick profit (or loss).

Third, mining computing power has after-sales service. After the NFT transaction, how to do after-sales service? Trading platforms that issue NFTs do not have this capability, and the equipment does not belong to this platform.

Fourth, if there is a platform to do computing power NFT is of course a kind of innovation, it should be innovative and inclusive, but it needs to start with BTC or ETH computing power, these two currencies have a large business volume, the mining model is simple, and the business Mature. You can’t start with a new type of pledged storage mining like Filecoin, otherwise it will be easy to make a pot of mud.

There is a secondary market for mining machines, and there may be a secondary market for computing power, but whether the secondary market for computing power can be carried out through NFT is debatable.