In 2020, the controversy surrounding Filecoin never stops. Some people say that the total market value of Filecoin has reached 30 billion US dollars before the main network is launched, which is the biggest bubble scam in the currency circle, while others say that it is the next investment opportunity at the level of Ethereum.

After the testnet and the mainnet launched one after another, people's debates and disputes over Filecoin have become louder and louder.

At the end of September, Filecoin announced that it will be officially launched around October 15. However, until the last moment, no one knows whether "Ace Pigeon" will be launched as scheduled.

Deep Tide TechFlow interviewed 5 Filecoin investors to understand their investment logic and views on Filecoin. They invest in different products, including cloud computing power, mining machines, or futures currencies.

For some investors in Filecoin, this is a grand event that has been waiting for two years, and the result has finally come to fruition. Some investors said that they are half and half optimistic and half bearish respectively, admitting that investment involves gambling.

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Filecoin's Equivalent to Internet Real Estate

Lin Bo｜Tianhe Guoyun Technical Lecturer

I am an early miner of Ethereum. I heard of Filecoin in 2017. I did not get the private placement quota because the white list was not passed (in 2017, Filecoin conducted public and private placements, and only qualified investors in the United States were certified. Individuals, institutions or funds), I have a friend who bought foreign passport information, but logged in with a Chinese IP and was blocked. I did not expect the review to be so strict.

Why invest in Filecoin? I want to invest in IPFS, but there is no place to invest, because it is an industry, and FIL is an enterprise in this industry, and it is relatively reliable.

I have now spent more than 30,000 yuan to buy 420 FIL coins and invested in a 400T machine. I expect to pay back in half a year at the earliest, and a year at the latest.

I did not invest in cloud computing power, and computing power is a super pit. It’s not that he is useless, but that his cost is almost 0. In essence, the FIL server is useless in terms of computing power, and it is forced to sell computing power. FIL's mining logic is how much work is done to generate as much coins, that is, how much is deposited and how much is paid. Assuming that a server has 96T, its actual performance is several times or even ten times, but many companies split this multiple and sell it to investors, and sell it at a high price.

According to our prediction, one T of work can reward 0.39 FIL. According to the current FIL market price of 500 yuan, 1T is 200 yuan, but many companies sell 900 yuan/T, which is a trap.

Let me tell you this, the cost of a T, including hardware, cabinet rental, bandwidth, electricity, software, operation and maintenance, will not exceed 1,000 yuan, but the price on the market starts at 3,000 yuan. Not to mention the computing power, if the cost of tens of less than 100 is sold for hundreds of dollars, these bubbles will always burst.

I participated in the Xiamen Filecoin Offline Investment Promotion Conference in September last year. It was so low-end, and it also brainwashed you. But I think this is a good thing. The market needs Chinese aunts. The essence of all finance is a money-sharing game. The logic of investment is mostly a process from speculation to investment.

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"Xiao San still plays P"

Liu Qin｜Bitcoin miners invest 5 million to configure mining machines

Now it costs around 100,000 to configure a starting Filecoin mining machine. A friend around me is doing a Filecoin cluster and prepared 3 million. As far as I know, there are several investments of more than 10 million. Xiao San also plays P.

Filecoin mining has relatively high requirements for money and technology. At present, the phenomenon of industry dislocation is relatively serious. Those with funds have no technology, and those with technology have no funds. Filecoin needs to invest in a relatively high technical reserve in the early stage, and people in the Bitcoin mining circle are not used to it.

According to my observation, most of the people who deploy Filecoin come from other industries. They are jealous of making money in the currency circle, suffer from missing opportunities, and have certain technical strength.

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"I admit that it contains gambling elements"

Bao Lele｜Nutrition Practitioner

I bought the machine early. In July last year, I bought two 8T mining machines for 30,000 yuan. I have no investment in Filecoin or virtual currency except for mining machines. I don't understand, there are too many pitfalls.

Why choose to invest in Filecoin? I feel that this technology is good and may benefit mankind. But now that Filecoin is so popular, I can’t say for sure, whether it is bullish or bearish, half and half, I admit that it contains gambling elements.

You asked about my machine configuration, I only know it is 8T, I don't know much about the internal configuration.

Now the cost of mining FIL machines is too high, I am very worried, if according to the official requirements, configure a mining machine for no less than 100,000. At present, the storage server configuration used in the computer room is too low, and 50,000 is already very high.

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Not optimistic about Filecoin technology, but more optimistic about the concept

Zhu Zhiyong｜Digital Currency Investor

I bought 20,000 FIL futures at around 50 yuan and sold them out at around 170 yuan.

Buying at that time was definitely expected to increase. The concept of FIL is easy to understand and hype. I also know that there will be more pick-ups later, so I bought some in advance. This will inevitably fall later, and it is risky to hold, so it was all out some time ago.

Later, I will wait for the opportunity to make a wave of short positions according to the market atmosphere, and then choose to buy some mining machines after it is basically stable.

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FIL has real application value and is worth investing in more than most currencies

William｜Chief Researcher of OKEx Research

Filecoin has practical applications, and FIL has real application value. This is very valuable in the currency circle. Without the "air currency" a few years in advance, even the popular DeFi mining currency this year, most of the DeFi currency has no real application value, although the project party claims that these DeFi currency can be used for Participate in community governance, but most of the bargaining chips are concentrated in a few addresses, and the so-called governance votes are ultimately nothing more than decorations. But Filecoin is different. FIL has obvious applications in Filecoin's economic system, and can be used for mortgage mining, payment of storage and retrieval fees, etc. This alone makes it a worthwhile investment than most currencies.

The biggest risk of Filecoin lies in its legal risks. At present, most of Filecoin's network nodes are concentrated in East Asia. After the official launch, there may be problems of content infringement and data compliance with local laws and regulations. For example, the cross-border flow of data and the storage of sensitive data all face great risks.

It is recommended that Filcoin developers, miners and users consciously abide by local legal requirements.

At present, OKEx has added a storage project token display area. The first batch of tokens entering the OKEx storage project display area include BTT, SC, STORJ and other well-known leading projects. With the launch of the storage project display area, OKEx will further integrate its high-quality traffic and brand advantages, further bring more high-quality storage projects into the mainstream trading market, and effectively promote the development of the blockchain decentralized storage field.

(Bao Lele, Liu Qin, and Zhu Zhiyong are all pseudonyms in this article.)