The official latest news of the star project Filecoin with a grand vision stated that the main network will be launched in mid-to-late August, and the entire mining circle will be ignited. Many investors who are optimistic about Filecoin have already begun to prepare for the "head mine" in the current testnet stage.
However, the current IPFS ecosystem in China is mixed with good and evil people. Some people devote themselves to preaching, and some people start to make money by taking advantage of the popularity.
The miner 'Bruce' told us when talking about the current domestic Filecoin mining ecology: "My college classmates in the fifth-tier cities asked me if the IPFS mining machine was real in 19 years. Many people in their localities were promoting and selling it. Is it a fake (mining machine) that can mine FIL? This is a crime.”
Since the launch of the IPFS project in 2017, various marketing methods have emerged in an endless stream. If you accidentally fall into the scam, the unscrupulous merchants will make a lot of money, and the miners will lose everything.
The main network of Filecoin will be launched soon. This anti-fraud guide will list several common scams in the IPFS market, and help you better and more safely participate in this upcoming battle for the "head mine".
Common scams:
1. IPFS mining machine can mine more than one machine
IPFS mining machines are very popular now, but at least 90% of domestic 'IPFS mining machine' projects are all funded under the guise of IPFS.
Many project parties use "one machine for dual mining" and "one machine for three mining" as their selling point, claiming that their own mining machines can mine both FIL and other currencies. Will, the co-founder of Interstellar Vision, made it clear in the Filecoin special live broadcast of Babbitt's "8 Questions" on June 16: "If you understand the mining principle of Filecoin, you will know that Filecoin mining is packaged within the specified time, and the It is necessary to continuously submit PoSt for verification in a fixed period, and the mining machine has no spare energy to do other work." Then the so-called "other currency" is likely to be the "air currency" issued by the project party itself.
The "snail interstellar server" scam in Central Plains Silicon Valley has come to an end, but there are still advertisement pages on various search engines under the guise of "multiple mining with one machine", even claiming that one mining machine can mine Filecoin, Bitcoin, and Ethereum at the same time currency.
However, the current consensus mechanism of Bitcoin and Ethereum is Proof of Work, Filecoin is Proof of Replication (PoRep, used to prove that the miner has stored the file as required) and Proof of Space-time (PoSt mentioned above, used to prove that the miner has stored files as required) The file was stored for a long time), three completely different working consensus mechanisms, it is impossible to exist in the same server at this stage.
2. Mobile phones can mine Filecoin
IPFS mining APP download? Can Filecoin Mining Be Used on Mobile Phones?
At present, it is definitely unrealistic to use mobile phones as storage media to mine FIL.
First of all, the memory of the IPFS mining machine is calculated in TB, and ITB is equal to 1024G. Calculated, the memory of the mobile phone is far from enough. Secondly, if the mobile phone is connected to the IPFS network as a server, the traffic fee generated by the mobile phone will be a huge sum of money, and the unstable mobile phone signal and WIFI signal will inevitably not bring stable income. Finally, Filecoin’s storage mining has a mortgage and penalty mechanism. The storage needs to be kept running for 24 hours. Since there is no guarantee that the mobile phone will be shut down 365 days a year, the income cannot be guaranteed.
The so-called mobile phone mining is at most connected to the mining machine through the APP, which is still the mining machine mining in essence, and the mobile phone only acts as a wallet. However, Filecoin has officially released its own wallet (Mobile Wallet in Flutter) for the circulation of FIL, without the need for miners to spend money on personally developed wallets.
3. Second-hand hard drives and assembled mining machines
At present, many mining machine manufacturers are looking for new profit points other than mining machines. The hard disk is the easiest to be targeted.
We already know that the IPFS mining machine is based on storage mining, and the hard disk is its most important accessory, so many mining machine manufacturers will sell the mining machine and hard disk to the miners as a package. But many miners do not know that the hard drives they buy from mining machine manufacturers may not be brand new, but second-hand, and the price difference between the two is very large.
The price of a new 6T hard disk is around 1300 yuan, but the price of a second-hand hard disk is only about 600 yuan, and the price of the second-hand hard disk that is close to being scrapped in the computer room is even lower. Some assembled mining machines may also use second-hand motherboards, CPUs and other components eliminated by Internet cafes. Many companies that sell mining machines in China package an ordinary computer or even a second-hand assembled computer with extremely low configuration into an IPFS host, sell it at a premium, and earn high profits.
The "snail mining machine" is just the tip of the iceberg. When the Filecoin mainnet is launched, more fake mining machines will be revealed.
4. Self-built IDC computer room
"Those low-configuration IDCs, (give) nonsense IDC hosting prices." The miner 'Dong Chu' told Beep News that he had seen some very nonsensical IDC promotions, "Contract cycle, contract mining, and pumping Coin handling fee."
IDC computer room, the full name of Internet Data Center (Internet Data Center), is the place where the telecommunications department uses the existing Internet communication lines and bandwidth resources to establish a standardized telecom professional-grade computer room environment, and stores and hosts servers for enterprises and governments. Once the server is shut down, some websites cannot be opened, some APPs cannot be used, some institutions’ systems will be paralyzed, and some users’ data cannot be read and transmitted, so it must run 24 hours a day to save the corresponding data.
According to the mortgage and penalty mechanism of IPFS, storage needs to be kept running all year round. Therefore, in order to attract miners, some merchants will advertise that they have built an IDC computer room for mining machine hosting, helping to run storage all year round and reducing the risk of zero storage computing power.
The IDC computer room has very strict requirements on the environment. First, it must have a power supply system with at least two circuits, and at the same time, it must also have a UPS uninterruptible power supply and a diesel generator set to ensure that the computer room will never be powered off; second, it must ensure a constant temperature in the computer room. , constant humidity, and dust-free; third, it must have good heat dissipation, earthquake resistance, fire protection, security, lightning protection, rodent prevention and other facilities; fourth, it must have high-quality bandwidth resources.
At present, the domestic IDC computer rooms are all invested and constructed by the three major operators, and they need to be filed by the Ministry of Industry and Information Technology, so it is impossible to build them by themselves. Even if there is a self-built computer room, the configuration will not be very high, and the service will vary greatly.
5. Cloud computing power
"The biggest risk of cloud computing power is moral hazard, running away with money, or legal risks that may be involved in fund-raising construction."
In addition to some of the tricks mentioned above, the miner 'Wei Ming' also mentioned the "cloud computing power pit" to us.
In addition to IPFS physical mining machines, many manufacturers also imitate the form of Bitcoin mining pools and launch a computing power model. Computing power means that the mine packs and sells the computing power of the machine, labor costs, electricity bills, etc. to users, and on the contrary, settles the mined coins to users. The Filecoin cloud computing power model is sold according to the size of the computing power capacity, so the investment cost is lower than that of physical mining machines.
Many project parties will make promises about the payback cycle during publicity: Assuming that 1T of storage space can mine 1 FIL per day on average, if the FIL price is 30 yuan after the Filecoin mainnet is launched, then the promise of 1T storage space will be paid back. The time is 8 months; if the price of FIL is 50 yuan, then the expected payback time is 5 months; if the price of FIL is 500 yuan, the expected payback time is only 1 month.
But can it actually be done?
According to the official release parameter calculation, the FIL output model is linearly decreasing according to time. After the FileCoin (details) mainnet is launched, the output of FIL will decrease by 4,200 per day. The current test network data shows that the top ten miners in terms of storage computing power have accumulatively obtained more than 50% of the total rewards for mining. It is obvious that the advantages of the top miners will become more and more obvious in the end. Therefore, if you want to ensure that 1 FIL is mined every day, you must participate in mining at least in the early stage. Because the sooner the data is stored, the greater the mining power will be, and the subsequent income will be guaranteed. The so-called high probability of return time is just a false promise.
'Wei Ming' said: "The project party usually puts itself in a risk-free position. If it does make money, he will share the money. If it doesn't make money, it will be shared among the small miners. Anyway, the project party will not lose money."
6. The popular altcoin
"People promoting Filenet are either stupid or bad!"
There are many altcoins on the market that use IPFS, and Filenet is a typical example. Filenet and Filecoin look similar, but they are purely confusing and hyping.
The Filenet project party once stated in a marketing article that it will replace the Filecoin project as an incentive layer project under the IPFS protocol, and will launch the mainnet in October.
In March, Filenet invited several big coffee platforms including Hurun, and entered the market with more than 10 million funds in an hour. However, this is its peak, because Filenet is actually an out-and-out air project, or It is a copycat project imitating Filecoin.
The mining logic of Filenet and Filecoin are two different things. Filenet storage does not participate in mining. It only participates in mining when the stored files are retrieved, so it is called "distribution is mining". Filenet is the reward logic and model of the content distribution platform. It is basically a reward for a content distribution platform. It claims to be an incentive layer project on IPFS, just to catch the popularity of IPFS.
At present, there is only one incentive layer on the IPFS network, and that is Filecoin. The official has never admitted that there are other incentive layers.
7. Mining machines do not require mortgages and fines for mining Filecoin
Remember, those large mining pools also have to spend huge sums of money to rent IDC computer rooms. If there is such a mining machine that can bypass the penalty mechanism, as these merchants say, the mining pool will not use it? IPFS development team won't take action?
Filecoin is an open source project. The white paper clearly states that there are mortgages and fines for storage mining, and it will strictly follow the white paper. All public chains must abide by a rule, which is: "code is law".
If you want to become a storage miner, you must mortgage your hard disk space with mortgage coins proportional to the storage space. For example, renting out 1G space requires 1 Fil token to mortgage. Storage miners must promise to complete the task of storing customer data within a certain time frame. Then generate a proof of space-time and submit it to the blockchain network to prove that they have been storing the data. In the case of invalid or lost proofs, storage miners will be punished and lose part of their collateral. Storage miners are also eligible to mine new blocks, and if they find a new block, the miner will be rewarded for creating the new block, as well as the transaction fees included in the block.
On June 26, Juan, the founder of IPFS, said in an AMA event in the Filecoin community that the final parameters of the mainnet launch will be determined by the end of July, and announced more details of the mining mechanism and issues of concern to the community such as the Filecoin client . According to official news, the Filecoin mainnet will be listed in mid-to-late August, and the IPFS mining market that has been hustle and bustle for more than two years is about to come to an end. There are tens of thousands of IPFS mining machines and funds under the banner of IPFS mining machines. , then there will be nothing to hide.
At the end of the interview, a miner confidently said to us: "Although there are many pitfalls, they can't fool me!" Brighten your eyes, improve your ability to distinguish, and be alert to all kinds of deception. At that time, those fake mining machine manufacturers will be exposed and have nowhere to escape.
Reference article: Golden Finance "Inventory of IPFS scams, be careful not to be cut leeks"
