Global CEO of RRMine Steve Tsou was invited to the AMA live broadcast of LiankeTalk on August 7th. Steve Tsou discussed IPFS ecosystem and FIL mining mechanism and made technical sharing on RRMine's participation in the calibration network.
Steve Tsou said that has been running for three years, RRMine has independent technology and leading data in multiple rounds of the test. After previous verifications, RRMine can firmly withstand the test by following the iterative steps of the official network, simultaneously overcoming technical problems and optimizing key algorithms. After the repair of the calibration network, the official has made many improvements and it is getting closer and closer to the "Space Race" (a prize-winning test network). For this, RRMine is fully prepared.
The following content is organized according to the live broadcast.
- How do you understand mining and the so-called mining industry? What are the essential differences between them and crypto currency？
The difference between mining and cryptocurrency should be divided into two parts. As for bitcoin mining, whether you choose cloud mining or real mining rigs, the essence is the same, a kind of futures investing, while mining allows us to obtain bitcoin at a lower cost; But for Filecoin, mining is more complicated. You need not only hardware but also corresponding GPU and its resource matching, network bandwidth, stability and even the computer room. So it is more like providing cloud computing services.
Compared with buying cryptocurrencies, mining can be seen as a secondary market in the crypto industry. In terms of cloud computing power, its units are smaller and more standardized. RRMine is positioned as a computing power asset management and trading platform, whose stability mechanism and matching mechanism can be used to smooth the risk curve so that more customer groups can join it.
- What do you think are the similarities and differences between bitcoin mining and IPFS mining? What do you think of the Filecoin project？
Compared with bitcoin mining, Filecoin's mining mechanism is actually more complicated. In order to maximize the efficiency, efficient hash calculation and coding capabilities are required in addition to powerful storage and hardware. It is impossible for a single machine to complete data adding, sealing, storage, message uploading and proofing.
Filecoin is the only incentive of IPFS. In the Filecoin mining mechanism, different types of equipment focus on the tasks that one is good at and mainly using the mode of multi-cluster collaborative mining. Cluster mining refers to the cluster configuration of hardware. Many servers coordinate with each other and optimize algorithms, completing tasks together with software and hardware closely connected. Unlike traditional bitcoin mining with individual miner which means all one has to care are the mining rigs, Filecoin mining threshold is higher than Bitcoin mining as the debugging and configuration of each rig is different.
（Cluster Deployment）
Based on the characteristics of Filecoin, the mining pool superposed by a single machine is far less efficient than an optimized cluster configuration.In addition, there is no Filecoin in the market currently, so its early mining is scarce. For ordinary investors, the best way to get involved in FIL is to buy cloud mining products of large-scale community combined with a high-quality clustered mining pool and this is the only opportunity to obtain low-cost FIL.
After the short-term accumulation of 200,000 TB storage, RRMine aims to strengthen FIL cluster mining mechanism and help the community earn more profits. At present, our official event-"Form a team to win FIL", is still in progress. Come to RRMine and start a FIL team to daily share the FIL worth 10,000 yuan!
- Could you please introduce the layout consideration of RRMine when it launches the new IPFS product now？
RRMine has always been positioned as a decentralized computing power asset management and trading platform. We continue to pay attention to diversified computing power and any valuable computing power assets will be launched on our platform. Because what we are seeing is not just a market supported by bitcoin prices but the computing power market behind the entire digital economy.
IPFS is a web3.0 technology that is expected to replace the HTTP. Its decentralized ecosystem is also supplementing or even challenging the centralized cloud ecosystem, like AWS and Alibaba Cloud. Therefore, RRMine has to enter IPFS market, for which we started laying out a year ago. Considering the timing of entry, we need to help users filter out uncertain risks, so we choose the window period of mainnet launching and start to offer IPFS storage products at this time.
- What is the positioning and advantages of the IPFS product of RRMine？
IPFS has a very strong Internet attribute. In fact, it is a web3.0 Internet product. Compared with Internet web2.0, it provides a low cost, safe, private and tamper-resistant innovation value. It also has the characteristics of the blockchain economy benefit distribution. Therefore, when RRMine entered IPFS market, it is first operated as an Internet project. The nature of the Internet is “cloud”, which is digital, virtual and intelligent. We optimize the allocation of resources, such as launching the cloud mining plan or contract. We do not sell systems alone, nor do we sell mining rigs, but dilute the risky part in a shared way by “cloud” and provide a relatively small risky part to users so that their return on investment is high and the risk is low.
Athena Pool, RRMine’s partner, is the global leading provider of Filecoin cluster mining solution and distributed storage service. It cooperates with benchmark supply chains of Dell and H3C, which provide a lot of support with the professional and top-level operation and maintenance service. At present, we have started the construction of the second batch of mining farms in Australia, Europe and America. Therefore, our effective storage, block generation efficiency and storage capacity growth rate are leading the world.
RRMine is so optimistic about its bottom layer technology and we also recognize the prospects of FIL. In the future, we will continue to launch computing power trading, its data uploading and derivative service of Filecoin storage ecosystem.
- At present, Filecoin is in the calibration test period, how does RRMine do and do you have any findings？
Take the recent FIL testnet Calibration reset for example. After FIL introduced the economic model, the official code has significant change and companies with insufficient research and development capabilities cannot keep up with the speed of the iteration network. However, on the day of resetting on August 1st, RRMine took the lead to generate blocks and topped the rankings, second only to the official account.
According to the test, the defence mechanism and reward mechanism of IPFS need to be optimized. At present, the calibration period may be extended for the following two reasons.
- In order to correspond to the testnet incentives, the FIL economic model was launched for the first time, resulting in some bugs in the latest calibration, such as insufficient pledge, failure to submit a proof message, message congestion and failure to package storage. The official team is in the process of modification and debugging.
- Due to security reasons, the test was delayed for 60 minutes after encapsulation, resulting in a large number of messages blocking. In addition, hackers launched targeted attacks on the gas handling bugs of the calibration network, which seriously hindered the calibration test.
- Does finding bugs mean bad news? Will Space Race be postponed again?
As mainnet approaches, more problems will be exposed. It’s not bad to find bugs. Filecoin officials have always adhered to a pragmatic and rigorous style, pursuing perfection everywhere. From the official definition of the "calibration period" to the Filecoin BUG bounty plan, it can be seen that the official hopes that the network will be as perfect as possible when it goes live.
At present, the economic model data has gradually become clear. After the launch of the economic model, the official code has changed significantly and companies with insufficient research and development capabilities will not be able to keep up with the iteration speed of IPFS. In the near future, the Calibration network will be reset again to solve the discovered gas attack problem and the algorithm code will be adjusted and optimized accordingly.
Launching Athena mining pool, RRMine adopts the scheme of a cluster mining pool to disassemble the mining process, optimize the hardware configuration and algorithm in every step as much as possible and complete the whole mining process by multiple machine cooperation. High operation and maintenance capability bring stability to the whole mine pool cluster. From the calibration test network, we can also see that RRMine has participated in almost every block generation. That is stability.
- Each participant will optimize the algorithm code synchronously according to the official requirements. What is the impact of this on the enterprises participating in space race？
Although IPFS is in the early stage, the cruel market elimination has begun. In the future, companies that do not master key core technologies, strong independent R & D strength, or strong financial strength will be eliminated. In the global environment of the IPFS ecosystem, those who are not transparent or those without a mature training system and operation and maintenance ability will be eliminated.
RRMine has been running for three years with independent technology and leading data in multiple rounds of the test. After previous verification, no matter how the network iterates, RRMine can withstand the test by firmly following the official steps, simultaneously solving technical problems and optimizing key algorithms. The official has made a lot of improvements after the calibration network repair, getting closer and closer to the "space race". RRMine has already fully prepared.
- Please give some suggestions to new and old mining investors. Where are the opportunities in the future？
The essence of mining is computing power, which itself is a high-quality asset and also the most innovative core productivity as the "new energy" in the digital economy world. With the rapid development of new-generation information technologies such as 5G, big data and cloud computing, the huge demand for computing power will further increase. New infrastructure and new computing will be together and a computing power revolution is imperative.
Therefore, as a new infrastructure industry in the new market, computing power will play the role of "engine" in the digital economy and will grow rapidly. This is a vast blue ocean market, which can accommodate multi-dimensional competition. Both enterprises and individuals can develop their strengths in capital, technology, supply chain, resources, market and other aspects according to their own advantages, playing a role in the appropriate track to join the trend of the time.
