ipfsfanatic

[ipfsfanatic]

Bitcoin Mining Information: The difficulty of mining has risen for 7 consecutive days, and the proportion of U.S. computing power has risen sharply by more than 35%, ranking first

1. Bitcoin's entire network's computing power began to stop falling and stabilized. In October, it has recovered to a daily average of 145.64 EH/s, which is higher than the annual average. Basically stable force

2. The difficulty of mining has been adjusted 21 times during the year so far, only 5 times have been lowered, 16 times have been raised, and since late July it has been raised 7 times in a row, and the cumulative difficulty has been raised to 19.38% throughout the year.

3. This year, the average number of daily transactions on the chain of Bitcoin for the whole year of the whole year is in a "V" shape with June as the demarcation point. The average daily number of transactions on the chain in the first 6 months has increased by -33.21%, and in the next 4 months The rate of increase was 24.35%, which has now returned to the annual average level.

4. There is no statistical correlation between the number of transactions on the Bitcoin chain and the currency price, but there may be a partial correlation between the two in a monthly cycle. When the price of the currency rises, the number of daily transactions on the chain increases or decreases by a smaller rate, but when the price of the currency decreases, the number of daily transactions on the chain tends to decrease at the same speed or faster.

5. The transaction fees on the Bitcoin chain have continued to be sluggish. Starting from August, the cumulative transaction fees of the Bitcoin network have been lower than 500 BTC, and the percentage of transaction fees in total revenue has also begun to fall below 2%. The cumulative amount in October The transaction fee is approximately 329 BTC, which accounts for approximately 1.78% of the total mining revenue for the month. However, the total mining revenue remains basically stable

6. The global distribution of Bitcoin's computing power has recently undergone a pattern change, that is, the largest share of computing power has shifted from China to the United States. According to monitoring, China's computing power has returned to zero in August, while the United States has surged to 42.74 EH/s, an increase of 171.54%, and its share has also risen to 35.40%. Secondly, the computing power of Canada and Kazakhstan also reached 11.54 EH/s and 21.85 EH/s, accounting for 9.55% and 18.10% of the total computing power, respectively.

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[ipfsfanatic]

Mining Bitcoin, Ethereum, IPFS

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[ipfsfanatic]

The development momentum of IPFS/FIL is now fierce, and the increase in the price of FIL is the inevitable result

There must be valuable cryptocurrencies. This country cannot be seen. For example, IPFS is a method of using distributed storage technology to replace the traditional HTTP centralized storage of data, so that data transmission is faster, data is safer, and storage costs. Lower. It is indeed a blockchain technology that can bring tangible changes to the development of human society. In general, the biggest investment opportunity for blockchain is Filecoin.

Is the prospect of FIL big? certainly. Facing new things, paying more attention to more participation is my attitude. Then you say FIL is so good, is there no better coin than FIL? Of course, there are leading Bitcoin and Ethereum, but if Ethereum doubles 100 times, it needs to rise to 130W, while FIL, if it doubles 100 times, only needs to rise 3W.

[ipfsfanatic]

Continuing to increase the weight, the Grayscale Trust Fund will increase its holdings of 2,851 FIL. What impact will it have?

According to data, as of October 14th, Eastern Time, Grayscale Investment has issued 13 single-asset trust funds with a total value of US$50.8 billion. The open interest is 94,200 FIL. It is also the twenty-third increase in holdings of Grayscale, the world's largest digital currency asset management company.

The impact of Grayscale's increase in Filecoin

What does it mean to increase the holding of FIL by Grayscale and what is the impact?

One is to increase the attention of investors, and more institutional investors may start to consider investing in Grayscale Filecoin Trust.

The second is that the gray scale needs to be reported regularly. Previously, Gray Filecoin Trust only needed to publish quarterly and annual reports and audited financial statements in accordance with the OTC Market Alternative Reporting Standard (ARS); now, it will submit its quarterly and annual reports and audited in the form of 10-Qs. Financial statements. Comply with all obligations stipulated in the "Transaction Law" and supervise the development of Filecoin.

The third is to increase liquidity. Qualified investors who have previously purchased Filecoin Trust's private equity shares will have more liquidity opportunities. The legal holding period will be shortened from 12 months to 6 months, and they can be realized after 6 months.

Fourth, for the crypto market, more institutional investors enter Filecoin Trust, which is expected to increase Filecoin buying.

To sum up, Grayscale’s increase in Filecoin's holdings is a good one, which means that more regulators and mainstream investment are beginning to pay attention to the encrypted market, which is conducive to boosting confidence.

[ipfsfanatic]

How to mine Filecoin?

Filecoin mining principle 1. Storage market users contribute their idle hard disk space to become storage miners and get rewards for filecoin. The process of storing files is approximately as follows: a. The user sends a storage demand order, and the system matches the miners and the order. Once the match is successful, the second step is entered. b. The user sends the file to the miner. After receiving the file, the miner puts the file in the database, encrypts it, and puts it on the chain after verification. c. The miner continues to prove that they are working by copying the proof. The amount paid by the client is in installments. In progress, as the blocks are produced, the miners are paid linearly forward. Copy proof is a new type of storage proof that can ensure that the storage of each piece of data is independent, while preventing sybil attacks, generating totals, and external attacks. Provide your storage resources 2. After the retrieval market user requests the file and pays filecoin to the retrieval market, the corresponding fastest miner gets the distribution right of the file. Simply put, miners provide network bandwidth to help users extract what they need. From the perspective of Filecoin's mining mechanism, this type of mining that requires disk space is very different from Bitcoin mining. btc mining is a reduced market, and one is mined, while Ipfs mining is an incremental market. With the increase in project applications, the project party will upload a large amount of data, and the price of the data market will also rise. IPFS will benefit even more, and the miners will also benefit more. FIL mining does not need to compete with computing power. Filecoin mining competes with storage and bandwidth resources. Unlike storage miners, retrieval miners do not need to provide mortgage tokens, do not need to submit storage data, and do not need to provide storage proofs.

[ipfsfanatic]

What is the prospect of NFT development? Why does NFT need IPFS storage?

NFT is particularly suitable for the gaming industry. The current popular meta-universe is inseparable from NFT technology, but NFT also needs a good storage method. Currently, NFT uses centralized storage. If the server is attacked or goes down, the NFT has been lost since then.

In this case, NFT storage can only choose IPFS distributed storage, which can guarantee the durable and safe storage of NFT. The combination of IPFS and NFT is a future trend, and NFT cannot handle ETH information that requires IPFS. IPFS and NFT will bring a huge market.

NFT is developed based on the ERC721 contract standard. The characteristic of NFT is that it is unique and semi-homogeneous, which means that all works or any part of it after NFT cannot be copied.

The future market of Meta Universe and NFT is undoubtedly very large. In the future, NFT and Meta Universe will generate a large amount of data and store it in IPFS. Then the storage space contributed by the miners will be used, and the miners will receive the due return.

[ipfsfanatic]

Filecoin has officially become a storage partner of the Flow blockchain

Filecoin stated in its October 13 statement that this move is part of an effort to ensure that NFTs of holders and issuers are "safe to use anywhere."

Prior to this announcement, Dapper Labs was committed to integrating Filecoin's storage service with the Flow blockchain in August.

This collaboration enables Flow users to mint NFTs, use Interplanetary File System (IPFS) content addressing, and store tokens in a decentralized storage hosted by Filecoin.

According to Filecoin, IPFS content addressing is a location-based addressing solution that retrieves online information from a specific location on the network, such as a URL. Filecoin claims that this method has "obvious shortcomings" because the data relies on a centralized entity that has a location, so it can "control content."

Filecoin outlines: "In content-based addressing, content is no longer retrieved from a single location on the network. Instead, content is retrieved from any participating node on the IPFS network that contains the content you requested."

As part of the cooperation, Filecoin also opened up "Next Step Grants" for every eligible NFT project on Flow that integrates with the IPFS or Filecoin network, valued at $5,000.

The statement read: "With the development of the Flow ecosystem, Filecoin's decentralized storage solution will enable future Flow-based applications to use simple methods to protect NFT media assets and metadata."

This is happening! Filecoin becomes an official storage partner

Through IPFS content addressing, NFT metadata cannot be changed, including media assets

Provable and decentralized storage of Filecoin

[ipfsfanatic]

Keep your FIL coins and FIL will set a new high in these three stages!

In the 5G era, storage space is getting larger and larger. With the rapid development of 5G, the amount of data information continues to increase, and the demand for storage space continues to increase. IPFS is gradually entering more application areas, and many companies are also beginning to deploy IPFS. Filecoin, the incentive layer of IPFS, can be used to pay for storage fees.

Filecoin is not just a digital currency, it also has some special application scenarios. Now, it mainly promotes application scenarios. In the future, all developers and application scenarios will explode, and FIL demanders will buy FIL.

As currently the only digital currency supported by landing applications, FIL has advantages that other virtual currencies cannot match. IPFS is a revolution of blockchain 3.0. Distributed storage is the best direction of current market value. With the application and development of IPFS technology, distributed storage will have an increasing share of the entire storage market. The value of FIL Will continue to improve.

In general, FIL has been online for nearly a year, and it is still in a steadily advancing stage. It is step by step to solidify its foundation. Now the filecoin ecosystem is gradually rising, and the effective computing power of the entire network is about to exceed 11EiB.

In the past half month, FIL has risen by 120 dollars and lowered again. It is currently floating at 80-90. Although the price has not broken through again, the Filecoin ecosystem is still developing rapidly and is cooperating with more and more projects. It is a sign that Filecoin's real data storage and commercial phases are fully opened.

In addition, with the birth of NFT and Meta Universe, Filecoin has once again been entrusted with an important task, and it is hoped that as a Web3 infrastructure, it will assume the storage of the entire Web3 era.

All in all, with the continuous emergence of value, a large-scale decentralized storage ecosystem surrounding Filecoin is gradually emerging on a global scale. The application value of Filecoin will continue to expand, and investing in Filecoin will naturally have long-term value. This year's currency price still depends on October 15th, and every increase is a refresh of the previous record!

[ipfsfanatic]

Bitcoin breaks through the $60,000 fil token price prediction in the next three years

In the next three years, FIL coins will go through the following two development stages in turn:

The first stage: the ecological development is rapid, Filecoin accumulatively stores a large amount of commercial data

At present, the effective computing power of the entire filecoin network has exceeded 10EiB, which is a huge storage space. As Filecoin continues to improve and data continues to be stored in, the price of FIL will also rise. It is expected that in 2022, with the continuous storage of valid business data, FIL's first goal may exceed $500.

The second stage: refer to the historical trend analysis of Bitcoin

Most currencies will have their own halving cycle. Bitcoin halves every 4 years. Previously, it halved in 2012, 2016, and 2020. Then it will be halved in 2024 next time. Once Bitcoin is halved, it will rise later. As a big pie in the currency circle, the rise of btc will undoubtedly stimulate some mainstream currency pulls. From this, it is reasonable to infer that the next round of bitcoin halving in three years, FIL may follow the bitcoin pull, the target position is 800-1000 dollars, there will be even greater breakthroughs.

[ipfsfanatic]

What is the difference between FIL and BTC? Can Filecoin be the next Bitcoin?

The development of Bitcoin to this day has gradually shown a bottleneck. In the current architecture of Bitcoin, up to 7 transactions can be processed per second. As Bitcoin has become a hot topic, the transaction volume continues to increase and network transaction delays become more serious. Sometimes users may need to wait for several weeks to confirm the arrival of the transaction. The slow transaction speed limits its large-scale development.

Filecoin is an incentive layer based on IPFS technology, which is obtained by completing storage tasks. Filcoin has strong IPFS technical support. In the future, with the continuous development of IPFS technology, instead of HTTP, the value of Filecoin will continue to increase. In addition, Filecoin also occupies a great advantage in the distribution mechanism. Among the 2 billion Filecoins to be issued, 70% will be established as miners, which is a huge share compared with most domestic cryptocurrency projects.

Not only that, Filecoin created the record of the shortest time-consuming and most funded technology crowdfunding in the history of the blockchain. The private placement amount reached 257 million U.S. dollars. Venture capital institutions such as Sequoia Capital, Stanford University, and Yc Incubator have invested heavily in participation. It can be seen that The market prospects of Filecoin cannot be underestimated. As soon as the IPFS/Filecoin mainnet goes live, there will be a gap-like leap in popularity, and more funds will flow into the Filecoin market, and the price will rise accordingly.

[ipfsfanatic]

Bitcoin and filecoin mining revenue

First, let's talk about the big brother BTC in the currency circle

Today's BTC price is 54826U (CNY: 335586)

BTC single T income is now 0.00000550 coins, the price of hash power is 3435 yuan, 7T hash power can be dug for 365 days, then the cost is 3435 yuan

Income: 0.0000055*7*365*335589=4715 yuan Annual rate is 40%. In the current currency circle, although the BTC income is lower, the stability is still good.

We are talking about FIL coins, today the price is 64U (CNY: 400 yuan)

FIL's current single T income is 0.0258 coins, it can be mined for 1800 days

Calculated according to the 10T mining machine. Today 1T pledged coins are 4 GAS is 0.2. The 10T mining machine price is 25,000 yuan. The platform custody fee is 20%. The single T fee plus the pledge and GAS is about 4,180 yuan. The total cost is 41800 yuan.

Income: 0.0258*10*1800*400*0.8=148608 yuan The annual rate is 355%. As a rising star, FIL has a relatively high rate of return, and the currency price has more room to rise.

If you don’t know how to comment, you can leave a message, welcome to discuss

[ipfsfanatic]

Keep your FIL coins and FIL will set a new high in these three stages!

Since the mainnet went live on October 15, 2020, Filecoin has been hot and has attracted much attention. In less than a year, the price of FIL has reached a high point of 238U, which is about RMB 1,550 per piece! Although its price is currently consolidating around 55U, the consensus has been very good. As an investor, you have different perspectives and different opinions. Some people entered the market at 120U, feeling locked up and eager to get out of the set; while some people are optimistic about the distributed storage sector, constantly understanding the value behind the project, and decided to become a value investor in FIL, on the one hand, they continue to buy on dips. FIL, on the other hand, uses currency as a pledge, actively participates in data encapsulation, and continuously increases the amount of currency in hand, and becomes a firm long-termist.

Phase 1: From the perspective of the application of ecological development, when the Filecoin network starts to access a large number of commercial data.

We see that the effective computing power of the entire network is now 10EB, and it continues to increase at a rate of more than 50PB per day. In this process, the number of nodes continues to increase, the number of people participating in data encapsulation continues to increase, the effective computing power of the entire network continues to increase, the consensus of the project continues to grow, and the value will become more prominent. I conservatively believe that the FIL price will exceed 500U by then.

Phase 2: From the perspective of the entire cryptocurrency market cycle, Bitcoin halved again and brought a bull market.

In the past, every time Bitcoin is halved, there will be a bull market. I conservatively predict that before the end of 2024, the FIL price will exceed 750U, even hitting the 1,000U mark.

The third stage: Rare goods are expensive. From the perspective of FIL's distribution mechanism, it is the first time FIL production is halved.

The total amount of FIL is 2 billion and will never be issued. In 2026, FIL will usher in the first halving of FIL production. At that time, the number of FIL coins circulating in the market will be greatly reduced. At the same time, the Filecoin network application will further mature, giving FIL even more value, and the price will follow. It goes higher. I conservatively predict that the unit price of FIL will reach more than 1000U at that time.

[ipfsfanatic]

The relationship between IPFS and filecoin? How much is a fil coin

IPFS is a new generation of distributed Internet underlying protocol. For example, HTTP will appear in front of the website where we usually surf the Internet, and IPFS may appear in front of the website when we go online in the future.

IPFS is different from HTTP centralized storage. It is distributed storage and fragmented transmission. Therefore, the download and upload speed of IPFS is faster than HTTP.

The IPFS protocol is more secure than the HTTP protocol we currently use.

In addition, because IPFS uses blockchain technology for distributed storage, the number of backups is automatically deduplicated when the number of backups reaches a certain amount, so its storage cost is lower than that of HTTP.

The FileCoin just mentioned is an incentive project of IPFS, similar to Bitcoin. Its purpose is to get the public to participate and promote IPFS more effectively.