On March 2, the "Golden Era of Computing Power --- Computing Power Jingwei Cloud Summit" was officially held. The summit was co-organized by Odaily and RRMine. It gathered mining machine manufacturers, mine farms, mining pools, miners and other half of the mining industry to discuss the beauty of computing power.
Editor | Hao Fangzhou
Produced | Odaily
On March 2, the "Golden Era of Computing Power --- Computing Power Jingwei Cloud Summit" was officially held. The summit was co-organized by Odaily and RRMine. It gathered mining machine manufacturers, mine farms, mining pools, miners and other half of the mining industry to discuss the beauty of computing power.
At the meeting, Dai Yi, CEO and founder of Yunsheng Investment, delivered a keynote speech on "2021 Computing Power Allocation Plan and Strategy".
Dai Yi said that in the past 10 years, BTC has risen by more than 23 million times. The attitude of mainstream capital towards BTC has changed significantly. Elite groups such as Musk now pay more attention to the long-term value of BTC.
Regarding the newly popular encrypted asset Filecoin, Dai Yi believes that Filecoin is Internet 3.0 and blockchain 3.0. At present, many institutions have already begun to plan ahead and make value investments in them.
The bull market is full of speculation, how to allocate computing power?
Dai Yi believes that short-term speculation should be ignored, but allocation should be made through a long-term perspective, and targets with high value and low valuation should coexist. Especially when the country's advocacy policy is gradually taking shape, but most people have not yet understood it, it is a good investment opportunity.
Specifically, there are five computing power allocation strategies:
Think of computing power allocation as an angel round for investing in several high-quality companies;
Computing power allocation needs to give priority to time cost;
The allocation of computing power is definitely not more decentralized and safer;
Even before the bull market, we must do a good job of investment research;
If you can't make up your mind, don't listen to what anyone has to say, just refer to what mainstream capital institutions are doing.
The following is the speech record, organized by Odaily, enjoy~
The following is the speech record, organized by Odaily, enjoy~
Good afternoon everyone, I am your old friend Dai Yi. Today, I want to share with you in the way of old mine friends.
Many people often ask me, why did you choose to mine and configure computing power?
My answer will always be this: "I can't bear it. When I have seen the blockchain dividend happening around me, but I have to pretend to be invisible and stay out of it, I must participate in it." Everyone is here because of this idea.
secondary title
(1) 10-year data inventory of computing power development
When it comes to data, I have to mention a sentence from the management guru Ram: "The uncertainty of our era far exceeds that of any other period. No matter in terms of the scale, speed or rapidity of change, it is completely different from the past. On the same order of magnitude." These words, you can think he is talking nonsense, but the data will not lie. The data of decades ago, the data of a few years ago and the data of the current few months all make us feel that the development of things is completely beyond our cognition.
Everyone knows that Bitcoin has repeatedly hit new highs recently, and ETH has also fluctuated greatly. I also made a summary of the development of Bitcoin in the past 10 years: from the lowest price of 0.01265 yuan in history, it rose to more than 370,000 yuan, an increase of 23 million times. Behind this figure, it also reflects the attitude of the market towards it. Next, I will introduce the changes in the attitudes of various parties towards various assets in the past 10 years.
In the early days of BTC, not to mention ten years ago, even five years ago, mainstream capital did not advocate participation; ETH is a latecomer to BTC. After everyone has some feelings about Bitcoin, they will have some expectations for ETH. But these expectations are called "long-term wait and see." Filecoin is different. It is the incentive layer of IPFS. Everyone knows that IPFS is invested and incubated by Sequoia.
Today, mainstream capital is more optimistic about BTC, even "coming from behind", and there are many vivid cases, such as the familiar grayscale. For ETH, mainstream capital is also waiting for opportunities, and the recent fluctuations in the secondary market are the result of waiting for opportunities. For Filecoin, the current mainstream capital will definitely support it for a long time, which can be deduced through history. Other industry projects invested by top capital such as Sequoia will provide long-term support and continuously provide funds and resources.
Looking at the current attitude of the mainstream people towards BTC, they never understand that it is too late. When Bitcoin is at 2,000 RMB, they will say that it is too late and it is already so high; ETH is currently a speculative product for the mainstream public. Regarding Filecoin, many people have not heard of it, and some people have heard of it gradually, and finally reached a consensus.
How do a small number of elites feel about these three types of computing power assets? They will hold BTC for a long time and think it is never too late, such as Musk. They will also allocate a small amount of ETH and realize it flexibly. The fluctuations in the market are the result of their flexible realization.
What do they think about Filecoin? There are more than 3,000 currencies in the entire blockchain. I don’t think all cryptocurrencies can be called computing power assets. There are many coins that have no computing power support or storage power support behind them. Filecoin is Internet 3.0 and blockchain 3.0. The mining logic is quite neat and needs to be laid out in advance. At present, many institutions have already begun to plan ahead and make value investments in it.
secondary title
(2) Philosophy of computing power allocation
Many people want to get rich, some people don't want to get rich, but at least they want to have something to do with success, and they want to step on some outlets, so they become radical, but success is often reserved for long-termists: we have to compete with short-term speculation Only by keeping a distance can we stay close to long-term value, which is what traditional investors call "the rose of time".
Now that we know how to use long-term allocation, what kind of target should we choose? I made a refinement for everyone, everyone follows the operation, you may not be able to win, but you will never lose: always only look for targets with high value and low valuation.
Among the computing power assets of the blockchain, many are high-value and high-value in the future, but they are undervalued, such as BTC some time ago. I am personally a BTC believer, evangelist, holder, and long-term holder, but I also feel that its valuation is too high now.
secondary title
(3) Computing power configuration logic
There are currently 3,000 encrypted assets, and there may be more than 30,000 in the future. When choosing a configuration, our logic should be: technology is the ship, application is the sail; belief is the wind, and consensus is the sea.
Simply explain. If a project has only inexplicable consensus, it may rise, but the risk is very high, because there are only wind and waves. If a project wants to carry our future, it must need a carrier. This carrier is a tool or experience that can change our human living habits and improve our life. It needs strong technology to support it. I personally suggest that you can refer to this standard when choosing a computing power target.
secondary title
(4) Computing power allocation strategy
Here are some specific possible strategies:
We can try to configure computing power as an angel round of investing in several high-quality companies, instead of investing in a stock band, futures, or speculating in crude oil. We must be long-term. For example, if you have taken a fancy to ETH, BTC or Filecoin, IPFS behind Filecoin and the protocol laboratories behind IPFS have great growth potential in the future, and they are currently excellent companies that are being paid attention to and incubated by capital. When we configure its computing power now, it is equivalent to investing in such an enterprise, and everyone has an opportunity in the blockchain world. In addition, the excellent companies or targets that we can’t imagine at present, as the years increase, those targets have matured, and some unicorn companies and high-quality mining farms will emerge. Behind them are worthy of our investment and long-term attention .
The allocation of computing power involves long-termism, and we must also pay attention to time costs other than economic costs. Computing power allocation needs to give priority to time cost.
Many people may have heard the saying: The best time to plant a tree was ten years ago, and the second best time is now. If the best time for mining was ten years ago, the second best time is now.
This moment is not for everyone to configure immediately impulsively. We have to think, if BTC computing power assets were not allocated a few years ago, how could it be possible to hold dozens, hundreds or even thousands of Bitcoins at the moment when Bitcoin is 57,000 or 56,000 US dollars to hoard coins? Computing assets? These chips will be very pleasant when we cash out. Therefore, we must have the awareness of planning for the next few years.
The allocation of computing power is definitely not more decentralized and safer.
Not all milk is called Deluxe, and not all currencies have computing power to mine. I once shared a joke with you, such as smoking coins, smoking is mining, and driving is mining. These are just stories. These stories cannot be carried, and cannot be treated as "technology is a ship".
Our limited time and resources must be placed on those companies that deserve our attention. Those well-known investment institutions also spend a lot of time screening when investing in blockchain projects, Internet projects or traditional projects, rather than blindly dispersing their holdings and allocations. Only when some excellent companies are screened and those companies with excellent growth genes are found, will they be allocated. It is enough for us to configure two to three in the past two years, so don't be greedy for more.
Many friends may have participated in the stock market and currency market, and also experienced the bull market. The bull market has one advantage for us. We can make money even if we sit in an upward elevator and lie still. But computing power is not a matter of speculation. It is recommended that everyone must do a good job of research before allocation no matter whether it is in a bull market or a bear market. If you can’t do it yourself, ask your friends. If your friends can’t make you make up your mind right away, then we have to refer to what mainstream institutions are doing. There is no need to refer to what they say, but how they do it. For example, the mainstream blockchain capital Grayscale, which had a heavy position in BTC in the early days, has now joined Filecoin, but has not added others.
The biggest competitor of investors is not friends and businessmen, but the trouble with the times. If we go against the trend of the times, we may be the ones who have a bunch of BB machines in our hands and cannot survive in the era of smartphones. Therefore, we must follow the trend and find our place in the wave. There is no need to get rich, but we must try the pleasure of being blown by the strong wind during the bonus period.
secondary title
(5) Prediction of computing power allocation in the next 10 years
I have a few small predictions for the blockchain in the next ten years: the maturity of the blockchain in the future will be faster than expected, and there is no reference to the growth rate in history. In the future, the participation window will gradually narrow, and the bonus period must be shorter than we imagined.
Many people think that the BTC bull market is coming, and it will be long. But we have verified that it is not a long-term bull. Many things are different from what we imagined, and the future must be unpredictable. Just like Douyin and Weishi, the growth of this kind of short video is beyond our imagination. But there is no question that the speed of everything is accelerating.
Many people will say that the growth rate of Bitcoin's currency price will definitely slow down, and I think it will also slow down.
But don't forget that the computing power of Bitcoin is valuable in itself, and it is the incentive layer for blockchain distributed accounting applications. Distributed bookkeeping will definitely make a certain contribution to other applications of human beings in the future, and this demand will increase. There must be various BTC computing power to provide computing power for future human life and improve it at the same time. What we have seen so far is the distributed storage IPFS and the Filecoin behind it.
I can't predict the price of one Fil now, next year or ten years from now. But I can refer to Bitcoin's computing power model, consensus model, and incentive layer model. The total amount of Filecoin is limited to 2 billion pieces, multiplied by a certain consensus on the currency price in the future, I made a small prediction: the total market value of Filecoin may exceed ETH. If ETH is the Android operating system, Filecoin is a technology that carries the Android operating system. It will develop well together with the Android system, and they will add value to each other. The difficulty of computing power mining is also closely following that of BTC, and it will become more and more difficult, and the difficulty will increase faster than we imagined.
I made a computing power allocation plan for myself, the beholder sees benevolence, and the wise sees wisdom.
First of all, I will maintain all the current BTC computing power, and it is enough to mine one bitcoin every month. What I value more is how much investment I have in the computing power of IPFS. This is a project that I will definitely plan in the next few years, and a company that I will pay attention to for a long time.
I can't participate in the seed round, but I have to catch up with the angel round. I can't be too aggressive, I won't set a grand goal, I must be stable. I hope that the total output of FIL obtained in IPFS computing power within three years will be 60,000 pieces. Why 60,000 pieces? Some people say that this year it will reach US$100/piece, and next year it will reach US$300/piece. Everyone is looking forward to $1,000/piece, and some even say it will be $100,000/piece. That will be a good small goal.
Finally, I would like to give you a wish: pay attention to Dai Yi, allocate computing power; invest smoothly, and earn hundreds of millions more.
