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In the second roundtable forum, we invited four senior practitioners in various fields to discuss how to seize opportunities in the encryption industry to realize their own value under the background of institutional entry. These four guests are:Zou Yongcheng, global CEO of RRMine, Sister V, CEO of Yunhai Computing Power, Jiang Nan, MBA and investment expert of Tsinghua University, and Yannick Jiang, co-founder of VART.

At the round table, Zou Yongcheng gave a positive interpretation of the recent increase in BTC holdings by listed companies such as Tesla.

He believes that although many companies are buying BTC, the most important signal is Tesla. It is now the most eye-catching company in the US high-tech industry. It spent 1.5 billion US dollars to buy BTC and put it on its balance sheet. This is different from the nature of Musk's own money to buy.

"The allocation of BTC by a listed company will involve a lot of tedious preparations such as the board of directors, finance, taxation, legal affairs, etc. before entering the process. The most important thing is that in addition to buying, he is also ready to accept payment. We used to think that BTC can buy things. But it usually needs to be exchanged into legal currency through a third party and given to merchants. In the future, Tesla is willing to receive BTC directly, which is very interesting.”

Zou Yongcheng believes that the launch of compliance channels including Canada’s BTC ETF means that ordinary people can participate in BTC more conveniently, and it will also allow more and more institutions to open BTC allocation channels. "In general, the Prophet of the Spring River Plumbing Duck, the positive endorsement and potential influence of these institutions on BTC is far more meaningful than the bull market we are seeing now."

So, spot, futures, primary market, secondary market, among many investment methods, how should ordinary investors choose? The round table guests also had their own opinions.

Yannick Jiang believes that hoarding coins is undoubtedly a safer and easier-to-operate entry posture, and mining is more suitable for investors than hoarding coins, because many investors will not be able to experience the ups and downs and sell their chips early.

Therefore, Yannick Jiang said, “For ordinary investors, they should start with cloud computing power. Top platforms like RRMine will provide one-stop services, and the threshold for ordinary investment will be very small. .”

When it comes to mining, there are quite a lot of choices, ranging from the type of currency to mining to the way of mining. As Ms. V said, there are three major pieces of blockchain mining: BTC, ETH, and Filecoin, all of which are good. mining targets.However, investors with different preferences can adjust the proportion of different currencies, maintain reasonable expectations, and focus on value-depressed projects.

"The BTC and ETH markets are relatively mature, but the IPFS project has just started and is on the eve of its explosion. Therefore, industry participants should choose a good track, sit in the right car, and grasp the timing of the game in order to reap the dividends of the times.

Filecoin is a cutting-edge project that has been online for half a year. For veteran miner Jiang Nan, although it has been half a year, it is still in its infancy and deserves attention.

She noticed that the current mining output of Filecoin has declined sharply, which also means that more computing power is involved every day, and more people are optimistic. Just like BTC, although the output has been halved, the income of miners has not decreased at all.

"And Filecoin will follow the same logic. The advantage now is that the currency price has not really risen, and it has not really been in a decay period. When will the real decay period come? Mining pool experts predict that it will probably be in the entire network. After the computing power reaches 4E, it will be in May, June or June and July. Therefore, it is still a good time to participate in mining.”

For more discussions on the current trend of the global economic environment, the future of the encryption industry, and how ordinary people can cautiously obtain positive output in this emerging market, you are welcome to continue reading the essence of the roundtable organized by Odaily, enjoy~

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Xue Jiao: Hello, everyone. I am Xue Jiao from Odaily. We have also invited senior guests with diverse backgrounds for this round table. First, please introduce yourself briefly.

Zou Yongcheng:Hello everyone, I am Zou Yongcheng, the global CEO of RRMine. Together with RRMine, I have entered the fifth year of computing power industry.

The first half of my life is not so important anymore. What is important is that in the blockchain industry, we abandon the previous framework and use our imagination, because this industry is changing every day. RRMine is the world's leading computing power asset management platform. In addition to mining in the past five years, the RRMine team and miners and I are still willing to spend more time training and educating more people to understand blockchain and BTC.

Just like from last year to now, we have been touring and sharing across the country. What makes these mining friends willing to shoulder such a mission? I can only say that once you become a miner, you will know that mining can bring a better life, thank you.

Miss V:Hello everyone, I am Sister V of Hashpower, the founder and CEO of Yunhai Hashpower Technology. I am a serial entrepreneur and a pathfinder in the track of Hashpower.

From 2017 to the present, I personally experienced two times when BTC fell below $4,000, and I also experienced two peak moments. Although the secondary market seems to be unpredictable, the primary market actually has rules to follow. In the past three years, I have helped hundreds of miners to harvest more than 100 million encrypted computing power assets. I am also very honored to participate in this roundtable today, hoping to help more new friends open up the blockchain industry with the right posture Cognition, into the world of computing power.

Jiang Nan:Hello everyone, I am Jiang Nan. I used to be a stock analyst at CITIC Securities. I resigned in 2009 and have been in retirement until now. As a senior old miner, I am an ordinary investor, and now I am gradually leading my team to allow more people to join the mining business, thank you all.

Yannick Jiang：Hello everyone, I am the co-founder of VART, and now I am more engaged in the investment in the blockchain field. I am the most experienced group of old miners. I am also a staunch holder of BTC.

Xuejiao:You all have very experienced experience, and have cultivated two bulls and bears in the encryption circle. The first question I want to ask is that large institutions represented by Grayscale have continued to enter the cryptocurrency market this year, which has promoted a new round of bull market cycle. In your opinion, what is the current status of BTC in the global reserve assets? ? What impact will the entry of large institutions have on the BTC market?

Yannick Jiang：Everyone says that BTC is the current digital gold, and we can look at the entire relationship between gold or the US dollar. In fact, gold has been involved in human production, life and transactions for a long time. It was not until 1944 that the U.S. dollar and gold began to be directly linked. the monetary system. By the 1970s, the economic growth of the United States led to the establishment of a loose market in the United States, which released a large amount of liquidity, causing the currency and the system to no longer match. Nixon announced that the value of the dollar was decoupled from gold. At the same time, build up the repatriation of petrodollars.

The birth of BTC and the birth of the U.S. dollar, including the situation in the internal environment of the United States, now seem very similar.

The U.S. dollar is threatened by various countries, and BTC was born at this time. Just imagine whether BTC will become the official asset reserve of the U.S. dollar in the future? In my opinion, the dollar will always be tied to the most scarce resource of this era. We can say that the current market value of BTC will be roughly 10% of the market value of gold. If BTC is benchmarked against gold, it still has a lot of room to rise.

Now we see that more and more institutions are buying BTC, such as Grayscale. The amount of BTC purchased in 2012 is almost three times that produced by miners in the same period, and the holdings are three times the total circulation of BTC. The entry and purchase of institutions will actually have a great impact on the supply side of BTC. Now we are encountering the continuous release of water and the epidemic around the world, so I think that in the future, if the general environment turns bad, BTC will still be in a bull market.

Jiang Nan:From my point of view, I prefer to tell you about this matter from a very down-to-earth perspective. Since I started mining in 2018, none of my classmates and colleagues have been mining. What does this mean? Traditional institutions and financial circles do not recognize it. Is there any change now? There are certain changes, but no real changes yet.

Two days ago, I also discussed with a person from CICC whether BTC-related products can enter CICC’s channels. From the current point of view, it is still unlikely. This means that mainstream financial institutions are still far from recognizing cryptocurrencies, and this is just the beginning, so ordinary investors still have considerable opportunities.

We have always said that the only threshold for cryptocurrency investment is awareness. Encrypted assets and changes in the entire world of computing power do not require us, but we need them to change our class and wealth status. This is the general trend of future development, and all you can do is keep up. It doesn't matter to wait and see. The more people around me wait and see, the more at ease I feel, which shows that our choice is very correct. If even street aunts can participate in the entire cryptocurrency and computing power market, I think the real opportunity no longer exists. From the actual situation around me, it is a good thing for institutions to enter the game, but it has only just begun.

Miss V:Recently, BTC has continued to rise, and its market value has surpassed Tencent and Ali, and now ranks eighth in the world. I think holding BTC is equivalent to holding shares of Google, Tencent and Ali that cannot be issued additionally. Note that it cannot be issued additionally. There is no doubt that the entry of large institutions will gradually form a funnel effect, driving more institutions and ordinary investors to enter the market.

I actually look at this causal relationship in this way. Every time the BTC output is halved, it is the starting point of a new round of bull-bear cycle. Technology companies and giants like Tesla also saw this and continued to increase their positions. Institutions enter the game from a more professional perspective and bring more ordinary investors to play together. On the one hand, they broaden the channels of traditional circles, and on the other hand, they lower the entry threshold for BTC.

Their entry will definitely bring shocks, but such shocks are benign and will accelerate the development of the entire industry in the direction of compliance, capitalization, and specialization. We are the early entrants who discovered this opportunity and squatted in it. We have developed in a low-key way for a long time. Once the organization entered the game, it was like a flare, allowing more people to see this opportunity, and also made our early practitioners more interested in this industry. Have confidence.

Zou Yongcheng:BTC has always been called digital gold, and it is now in a spiral upward cycle. As more and more large institutions put it on their balance sheets, the title of digital gold is worthy of the name.

Recently, the bull market queen has boldly predicted that BTC has the opportunity to replace bonds as an emerging investment portfolio. They suggest that companies allocate 2.55%-6.55% of BTC. According to their computer simulations, BTC will rise to 200,000-500,000 US dollars, so BTC is becoming more and more popular. Many investors recognize it as a genuine asset.

Although we said that there are many companies buying BTC, I feel that the most important signal is Tesla. It is now the most valuable company with the highest market capitalization in the U.S. technology stocks. Now it has spent $1.5 billion to buy BTC and put it on the balance sheet. This is different from Musk’s own money. The company’s doing this will involve the board of directors In order to enter the process, a lot of tedious preparations such as accounting, finance, taxation, and legal affairs can enter the process. The most important thing is that in addition to buying, he is also ready to accept payment. We used to think that BTC can be used to buy things, but usually it needs to be exchanged into legal currency through a third party and given to the merchant. But in the future, Tesla is willing to accept BTC directly. All very interesting things.

And Sister V also mentioned just now that Canada now allows companies to issue BTC ETFs. Their trading records jumped to the top five in North America on that day, and they also charge a 1% management fee, which is higher than that of traditional funds. This shows that this market How depressing it was before. These are the people who really want to buy BTC, but don't know how to do it.

Therefore, the entry of these compliance institutions can also be interpreted as that ordinary people can participate in BTC through compliance channels, and more and more institutions can open the allocation channel of BTC. In general, the Prophet of the Spring River Plumbing Duck, the positive endorsement and potential influence of these institutions on BTC is far more meaningful than the bull market we are seeing now.

Xue Jiao: As everyone said, I am very optimistic about the impact of the entry of large institutions on our industry. We all know that investing in BTC or other cryptocurrencies, mining is a form of layout data assets that traditional capital prefers. Have you received frequent inquiries and investment intentions from traditional capital recently? According to your understanding, what is their attitude towards this matter and current mining?

Zou Yongcheng:If we talk about consulting, it is not ordinary, but explosive. But while we are communicating, we are also trying our best to put more computing power on the shelves. There are only so many mining machines on the market now. RRMine’s current computing power products are basically sold out in seconds, so I don’t take too much time to answer this question. question. Most traditional institutions ask two questions, one is where are the risks, and the other is compliance issues.

But from their perspective, this is also one of the paths that the computing power industry will take, a better risk control method, and a more compliant path.

Miss V:Although the blockchain industry has been developing for more than ten years, those of us who have entered the industry will still face a reality, that is, how many insiders who understand the blockchain currently? Based on this base, there are many times more people who don't understand this industry at all.

In fact, I have been constantly communicating across borders recently. After I get in touch with it, I will find that the first impression of the blockchain to many traditional practitioners and institutions is "virtual things", and it feels quite chaotic in the past few years. However, with the advancement of national policies and vigorous support for our industry, some people with a keen sense of smell do not want to miss the early opportunities of this industry.

There are three types of companies that I have been in contact with recently. The first type is companies and capital on the TMT track, the second type is traditional financial institutions with a keen sense of smell, and the third type is traditional fast-moving consumer companies. But they all have one thing in common, they need to move from the virtual to the real, and hope that the bottom layer of this seemingly virtual industry can be supported by physical infrastructure.

Of course, I also found that these three types of institutions have completely different entry postures. TMT companies use hot money to actively deploy and enter the market like a rocket, for fear that they will fall behind. From mines to coins to application scenarios, such as decentralized storage, in addition to mining In addition to mining, they will consider whether their data may be stored on IPFS. Traditional finance has been greatly affected by policies in recent years, but some cutting-edge capitals are also actively researching how to design financial products that can be delivered based on the physical infrastructure of the mining industry, such as some private equity funds; traditional fast-moving consumer companies are very stable, The cash flow is sufficient, but it is thicker, and it will take time for their thinking to change.

After communicating, I found that their original starting point is how to apply this thing to the current scene of the enterprise, rather than the perspective of mining and hoarding coins. These companies have also experienced the epidemic. There is still demand for fast-moving consumer goods, and they can continue to operate, but they are also looking for new ways out. Of course, if these companies really want to be able to capture these opportunities, they must first supplement their basic cognition, improve the closed loop of cognition, and combine the needs of their own industries in order to truly seize some early opportunities. I personally think that different entry postures also determine whether you capture early bonus opportunities or mid-to-late opportunities. But I believe that no matter which posture you take, you have to take the first step to recognize and explore the opportunity itself, which is the most important thing. In fact, compared with three years ago, the blockchain industry has become a de facto outlet. Only by keeping up with it can we truly discover the future growth curve at this stage. This is my opinion.

Jiang Nan:I think traditional businessmen's attention to mining has been happening all the time. We see people like this all the time, and there are definitely more and more of them now.

Why are there more and more? Under the epidemic, many people's traditional businesses have been affected. They have begun to rethink whether the computing power economy has changed or supplemented their lives. Many people have also begun to pay more attention to our computing power economy. But my feeling is that the current situation is basically for entrepreneurs, and they may make some personal arrangements in this area, but it is still difficult for their enterprises to turn.

Most of the time, we also think that for traditional businessmen or entrepreneurs, it is no problem for them to have business with their left hand and investment with their right hand. Our computing power economy, especially mining, can be done by anyone. You can take it as your main business or as a supplement to your side business. The threshold is very low.

I also found that when some entrepreneurs entered this industry, they had technical barriers at the beginning. If they didn't understand, they chose the wrong partners, and there were not a few who lost everything. So to enter this industry, first, you must have awareness, and second, you must choose a good partner.

Yannick Jiang：Regarding this issue, in fact, we have seen that many companies listed in the United States have directly converted to mining, and Ninth City, a company that was the earliest domestic agent of World of Warcraft, also directly converted to mining. But relatively speaking, the domestic economy or national conditions are still somewhat unclear about the mining industry. For these companies that want to participate, from a positive point of view, the blockchain policy will become more and more active, and the government will also issue some guiding or clear laws and regulations to draw red lines for everyone and guide them on what can be done and what cannot be done. Do.

Recently, there is a news that may make everyone sensitive. For example, some time ago, we saw that Inner Mongolia issued a document on the liquidation of the mining industry. Many traditional companies feel that this news is particularly nervous, and a little trouble will affect their intention to enter this industry. But let’s analyze the document of the National Development and Reform Commission. What’s more important is that China must fulfill its commitment to “carbon neutrality.” At the United Nations General Assembly in 2020, China made the commitment to “carbon neutrality” for the first time. It's just fulfillment, not a policy for the mining industry and mines.

I think the future economy is not very optimistic, this will be a new normal. But for our industry, basically two or three years, an industry cycle will end. So I think, if it is an enterprise, it is still necessary to enter this industry as soon as possible while controlling the risks.

Xue Jiao: As Yannick Jiang said, I recommend that everyone seize the opportunity of the times and enter the market as soon as possible. Now that the currency price is soaring, is it still suitable to enter the game for mining? If you want to enter the game, which computing power to choose has a higher output return, and what method do you recommend for mining?

Yannick Jiang：I think mining is the best way for ordinary investors to cross the bull-bear market or fight against market risks. In fact, mining has more psychological advantages for ordinary investors. No matter which price enters the market, when acquiring chips from the secondary market, even the most mature investors will be affected by the herd effect or the noise of information, making it difficult to persist in holding for a long time. For ordinary investors, mining is equivalent to obtaining chips from the primary market, which will have a great advantage in time. Therefore, I will be a firm believer in mining and hoarding coins.

When I stop mining or hoarding coins, there are only three reasons: one is that the fundamentals have deteriorated, the other is that the price has reached expectations, and the third is that there are better investment targets. But at this stage, for some earlier BTC miners, they may start mining and hoarding coins at a very low price. Profits are reinvested in mining machines. Judging from the current international environment, the United States continues to release water, and the world is in the fundamentals of quantitative easing. In this period of flooding, assets will inevitably bring about skyrocketing increases.

Everyone also knows that the recent epidemic has made the economy not so good, and it is difficult for us to find a good asset target like BTC. Instead of exchanging BTC or assets in your hands for other major assets, it is better to stay in the encryption industry. For ordinary investors, they should still enter the market from cloud computing power.

Jiang Nan:There is a saying in our circle that the best mining time was ten years ago, followed by now. Let's take a closer look at this matter, when can we mine? When can't dig? If you insist on long-termism, it is right to mine whenever you want. It seems that everyone also said that BTC has not failed any of its owners.

But for the stubborn investor, the situation is quite different. For example, during the bear market two years ago, some people said that your return was too low. Now that the bull market is here, he said that the bull market is too high to enter. For us, as miners, the most important thing is to change the gold standard in our minds and convert it to a currency standard. We are not speculators, we are not speculating, but investing.

Investment is optimistic about long-term value, and should not care about short-term rise and fall. We were not unhappy when BTC was $20,000, and we were happier when it was $50,000. We didn’t sell $20,000, and most of them didn’t sell $50,000. We think that $50,000 is just the beginning. The logic of our miners.

Miners just entering the industry often ask what is the one-year rate of return? There is no such thing, because it depends on the miners themselves, depending on when you realize the mined coins, and realize them at different prices, and the income will vary by a hundred times. So you decide what rate of return you want to obtain. This is something that many new miners who have just entered the industry cannot understand, but it is a natural thing for old miners.

Can mining be done? Absolutely. You have to change your gold standard thinking and change to currency standard thinking to think about problems. The second point is to choose the right partner. If you choose the wrong big platform, even if BTC is great, it may have nothing to do with you, and you may even lose money. Everyone must keep their eyes open.

Zou Yongcheng:Is it suitable for mining now? certainly. Mining will really bring a better life, but the way to mine is the key point of mining now.

For example, if you want to mine directly now, you have to mine by yourself, no problem. But when can I get the machine I bought now? Are good sources of electricity still available today? How to deal with operation and maintenance technology? Time is money, why raise a cow for a sip of milk? In my opinion, cloud computing power is suitable for most people to participate in today. If you buy it today, you can mine it tomorrow, and you can start to get BTC. Time is money.

How to do a good job of hedging cryptocurrency assets? As a miner, cashing out is also to better hoard coins. With more computing power, there will be more coins. It doesn't matter when you sell coins. I have sold them for 16,000, 20,000, and 50,000 dollars, but the important thing is that I always have coins to sell.

Miss V:I agree with what Mr. Zou said. I think it is still a good time for mining, but mining different mines can maintain a ratio and maintain reasonable expectations.

From 1.0 to 2.0 and then to 3.0, the blockchain has produced the three mainstream components, BTC, ETH and Filecoin. The genes and logic of these three major pieces are similar, but the time of birth is different, and the opportunities they are in are also different.

Some time ago, BTC rose to more than 58,000 U.S. dollars. A New Zealand friend of mine called me and said that there is cheap and sufficient electricity here. Do you want to consider working together to open a mine. ETH has risen to more than 2,000 US dollars, we found that the Internet cafes are closed, and laptops are bought to mine ETH crazily.

For potential investors who want to start their own mining farms, I would like to give some suggestions and opinions. First, why are you seeing this opportunity now? If there is no previous accumulation and experience, even primary market mining will become leeks due to poor timing. Second, as a front-line mine owner, you only see opportunities when the market is rising. In fact, it is already too late, and the depression stage is the best time. As a small and medium-sized miner, it is recommended to find a large platform that has been deeply cultivated in the industry for many years and conduct it in a cooperative manner. Their operations and cost efficiency are very maturely controlled, and their transparency is also very good.

Looking back at the miners we mined together three years ago, they entered the market at the stage of value depression, and most of them have returned more than ten times. Before mining a BTC, it cost 20,000 to 30,000 RMB, but now the cost is almost 20,000 to 30,000 US dollars.

I also want to advocate four propositions: one is to conform to human nature, we must be Buddhist, and we must be able to handle the ups and downs; There are also moments when the decline is not good. When it rises sharply, it keeps chips, and when it falls sharply, it increases computing power investment. Third, it is constantly looking for value depressions. BTC and ETH are relatively mature, and Filecoin is just at the beginning stage. Some people may ask, is there any new value depression after IPFS? Of course, because the blockchain industry has just started, we should maintain insight into this industry, think rationally, constantly improve our cognition, and see the value depression in this industry before others; the fourth is the track, race and racing , must be selected. For example, IPFS is a very good project, which is obvious to all. Now that the IPFS project has been launched, the biggest risk is gone. How to choose the follow-up is actually very simple. Log in to the official website of the computing power list to see that the top three are basically reliable.

Now mining products and categories are very rich. There are solutions for BP-level clusters and tens of millions of configurations, whether it is for novices, miners, senior miners, or low-end needs.

Xuejiao: Sister V just mentioned that Filecoin is one of the three major projects. IPFS carries the expectations of many people. Since Filecoin was launched, the network has stabilized. Has there been any change in the current Filecoin computing power market? Is now a good time to get in?

Zou Yongcheng:The current changes in the computing power market are too fast, far exceeding official expectations. At the beginning, many miners felt too much pressure, so the official changed the reward to immediate release to ease the cash flow of miners. Later, the miners complained because the gas fee was too high, but now the lab is updating the code. As for whether now is a good time? The question is whether you have seen and understood this project clearly.

Even though many people had experience in mining and BTC last year, they were still ignorant and didn't understand anything. Later, I found a golden sentence: Computing power is energy, IPFS is the soil, and Filecoin is the real estate above. The difference is that one is for making data and the other is for storing data, both of which are just needed.

In 2020, the cloud storage market will generate 251 million data every day in the world, all of which are hundreds of thousands of e-mails, videos, WeChat, etc., only 10% will be saved, just like we build a house without schools, hospitals, restaurants , no one lives in it, and eventually it becomes an empty city, so the beginning of this design is to establish a cloud storage service network to achieve long-term ecological development.

The current FIL computing power market is not the same as the era of fighting for scale half a year ago. The current laboratory begins to focus on how to develop ecological applications. Only by introducing more effective data and building supporting facilities will more people come in to save data. .

Miss V:In June 2020, I started to enter IPFS. From Space Race 1, Race 2 to the actual online excavation, I and the miners around me were very lucky. We not only avoided the pits of early guards, but also used the best The racing configuration is added to this track, and the cost and price of mining machines are also rising all the way. It is still a good time to enter IPFS now, but it is necessary to have a reasonable understanding of the current stage.

The current stage of IPFS is a bit like the early days of BTC. When the price of the currency just rose to more than ten dollars, many regretted that I would have joined earlier. But when we looked back ten years later, we found that it was still in the early stage when it rose from more than 20 US dollars to more than 50 US dollars. Now the "highway" of IPFS is still building infrastructure. It is incomparably huge.

Now we have centralized WeChat and Alibaba, and in the future there will be corresponding decentralized products, including Google, etc., which will start to support the underlying IPFS protocol. This is really just the beginning, and there is no doubt that now is a very good time to enter.

Jiang Nan:Old miners often ask how the amount of coins output has declined so much now? We must realize that attenuation means that more computing power is involved every day, which means that more people are optimistic about this cause every day. It is precisely because the amount of currency output has been declining and the computing power has been increasing, so the currency price will inevitably rise. Everyone pay attention to BTC, this is the case.

Two years ago, when I started mining BTC, my output was ten times what it is now. That is, I now have one-tenth the amount of terabytes per unit that I had back then. Then why am I still digging, still making money, and it seems to be more profitable? Because the currency price has risen. So, Filecoin will follow the same logic.

Although the current coin output has declined compared to when Filecoin was first launched three months ago, according to the coin output rules of the main network, the real attenuation period has not yet come, which means that it is still in the process of releasing dividends. Mining pool experts predict that the real decay period will probably be in May, June or June and July after the total network computing power reaches 4E. The good thing now is that the currency price has not really risen yet. Therefore, it is still a good time to participate in mining now.

Yannick Jiang：In fact, everyone knows that there are two big differences between Filecoin mining and BTC mining. Firstly, the mining principles are different, and secondly, the output modes are different.

At present, Filecoin is still in a very early stage. Due to the tight control of the economic model and the pre-staking, it takes 180 days for the mining revenue to be released. In addition, the 1559 protocol and Gas consumption are currently used, and some miners feel that there is no return. so many. The problem also lies in the fact that the currency price of Filecoin has not risen much. But in the long run, the underlying characteristics of IPFS and Filecoin will have a large number of applications in the fields of distributed storage, secure storage, permanent storage, and data confirmation in the future, such as the Internet of Things, edge computing, etc., which should be the entire block It is the closest project to the real world in the blockchain world, so its actual commercial value is also the support of the Filecoin economic model.

Is now the best time to invest in the market? When we invest, we often talk about value investment and long-term holding. In fact, the key to value investing is time, and the key to long-term holdings is also time. See if you can be friends with time for a long time.

We are indeed still in the bonus period of Filecoin. What we have to do now is no different from our original method of mining BTC, because the development of things is spiraling up. Many times we think it is a little different, but in fact there are many similarities , so we can use history to summarize the current development. For ordinary investment in the early stage, we must control our own risks. When the opportunity comes, we'd rather try it out than miss it entirely.