Lianyun Finance Open Class No. 63 | Ruiyun Chain's million-dollar subsidy "generous" grabs PHA first mine

2021 can be called the first year of blockchain mining. With the tightening of domestic policies this year, the blockchain mining industry has undergone changes. In response to the call of national policies, the mining of cryptocurrencies such as Bitcoin consumes huge amounts of electricity and other energy. Companies engaged in cryptocurrency mining in Inner Mongolia, Xinjiang, Yunnan, Sichuan and other places in China have been cleared and closed one after another.

At the same time, with the launch of several high-quality blockchain projects, another wave of cryptocurrency mining has also been driven. First, there was the IPFS interstellar storage server, and then there was the Chia hard drive mining, which caused the domestic hard drive prices to soar and run out of stock. We have witnessed the miracles created by the advent of the blockchain era again and again! Recently, the privacy project PHA based on the Polkadot DOT ecosystem is about to be launched on the mainnet. Let us learn about PHA mining together.

Today we are honored to invite Ruiyunchain’s Chief Operating Officer Luo Yi to be a guest in the Lianyun live broadcast room.

Lianyun Finance: Hello, could you please give a brief self-introduction and description of this event?

Luo Yi: Hello everyone, I am Luo Yi, currently responsible for all operations related to Ruiyun Chain. Our event is mainly for the first mining players in the phala track. In order to allow everyone to participate in the track more quickly, more conveniently and at a lower cost, Ruiyun Chain will provide a high subsidy of nearly one million to motivate the platform's founding users and partners who grow with us.

Lianyun Finance: Why did you choose the phala track? Does it have any unique advantages?

Luo Yi: This question is actually very simple. Everyone knows that Phala Network is a privacy computing network in the Polkadot ecosystem. Privacy protection has always been the biggest pain point in the mobile Internet era, and Phala was born for this pain point. Compared with some market-driven projects, Phala's business model is truly practical. Under the current national policy, only blockchain projects that are truly valuable can achieve long-term development.

Our team actually has the same belief as the Phala team, which is to mosaic the blockchain world. In fact, Phala's business is very similar to IPFS, but the two businesses are slightly different. We believe that the future practical value and application scenarios of the Phala network will not be lower than IPFS.

Lianyun Finance: In fact, many of my friends are paying attention to Phala. I believe this is a track with great potential. However, many people do not have a clear entry plan yet. When do you think is the best time to enter Phala?

Luo Yi: When it comes to entry time, we have to mention a unique term in our industry, "first mine". I believe many friends know that there is usually a "first mine" effect in the mining industry, that is, the earlier the entry time, the lower the participation cost will be, and of course the return will be greater.

For Phala Network, the V value of its block metering function is also closely related to the user's entry time. Simply put, for the group of users who start to enter the market on the pioneer network, the equipment output after one year will be more than 6 times that of the new equipment. This is also the value of the PHA first mine.

Lianyun Finance: Could you please tell me about Ruiyunchain’s current main business direction? Is your platform only focused on technical services for the phala track?

Luo Yi: Ruiyunchain is a team focused on technical services. Our vision is to build a one-stop blockchain technology and information service platform to provide users with server leasing, hosting, operation and maintenance, sales, etc. for market-valued projects, and also help users to allocate assets more reasonably.

Lianyun Finance: So the core business of Ruiyun Chain is not just Phala, right?

Luo Yi: Of course, Ruiyunchain’s goal is to promote the implementation of blockchain application technology, so we are not only focused on the preaching of Phala. We also provide users with relevant technical services in the IPFS track, as well as the development of blockchain industry APP and settlement systems. Speaking of this, I have to tell you a good news. In order to allow users to deploy Phala without worries, Ruiyunchain will provide you with FIL bottoming services!

Lianyun Finance: What is the FIL underwriting service? What do you mean by underwriting? Does it mean that users can exchange Phala for FIL?

Luo Yi: That’s right. We think that the FIL backing service is exclusive to the entire network. Although we firmly believe that the Phala track, which is still in its infancy, will have more opportunities, it is precisely because we have full confidence in Phala that we will give users more choices and guarantees.

After the launch of this first mine rush purchase event, Ruiyun Chain will provide users with a replacement period of up to three months. That is to say, within three months, if the Phala pilot network is not online, users can replace it with FIL services of equal value for free. If Phala is online on time, we will also provide users with an equal replacement period of one month.

Lianyun Finance: It is rare to find a platform that has the confidence to provide FIL underwriting services. It seems that there must be very strong support behind our Ruiyun Chain. I wonder if you can disclose some advantages of the platform. I believe that friends in the group would also like to know.

Luo Yi: In fact, Ruiyun Chain is just like the newly born Phala. Although it is a nascent platform, its future potential is unlimited and huge. Ruiyun Chain’s current advantages are mainly reflected in four sectors:

The first is technical strength. Ruiyunchain has reached a strategic cooperation with the top three software algorithm service providers in the world. It uses the world's top algorithm software, adopts the official optimal hardware configuration plan, and comprehensively optimizes in multiple dimensions. The block explosion rate is higher, which can provide strong technical support for all devices purchased or rented by users! At the same time, due to the technical advantages, our supply is also sufficient to meet the needs of a large number of users.

The second is the advantage of computer room operation and maintenance. All of Ruiyun Chain's computer rooms are T3+ standard. At the same time, we will place PHA's servers in the computer rooms of the three major operators to maximize the amount of currency produced by the equipment. The most important thing is that the current hosting fees on the market are generally around 500 yuan, and in this event, Ruiyun Chain will give users a subsidized price of 200/month. If the operator does not increase the price, we will not change the service fee.

The third advantage is the platform subsidy that friends are very concerned about. Ruiyun Chain is currently in the creation stage and is in the time of expanding its territory. Therefore, in this event, we will provide nearly one million subsidies to the creation users. We hope that all evangelists can grow together with Ruiyun Chain.

The fourth advantage, which is also the core of our first mining activity, is that Ruiyun Chain is actively recruiting partners from the entire network. We will give partners a one-time high subsidy and long-term dividend subsidy that is higher than the market value. Here, Ruiyun Chain sincerely invites everyone to join us and work together for a great cause!

Lianyun Finance: It sounds like this event is still very worthwhile to participate in. However, after listening to it now, I believe that many friends still don’t quite understand the specific rules of the event, and may need you to describe it in detail.

Luo Yi: This event is a double-layered event. The first layer is the PHA first-time mine rush. We will take out 200 eight-core level 2 servers with an official price of 15,800 yuan for the first-time mine rush. The platform subsidy price during the event is 13,800 yuan! The second layer is the group purchase subsidy. During the effective period of the event, friends can mobilize the resources around them to place group orders and enjoy group purchase discounts. A minimum of 3 people can complete the group purchase.

Most importantly, the initiator of the group purchase will be automatically upgraded to a Ruiyunlian partner and can get high order subsidies from the platform. The more people you invite to place orders, the higher the partner level will be, and the more subsidies you will get; if a friend can become a city partner, then at least more than 60,000 yuan in cash subsidies can be obtained!

Here are the specific details of this event, friends can take a look:

Lianyun Finance: Thank you for sharing. After the questions just now, I believe everyone has a certain understanding of the rules of this event. It can be seen that the intensity of this event is very large. Can I ask one last question?

Luo Yi: Of course.

Lianyun Finance: What was Ruiyunchain’s original intention in choosing to provide technical services?

Luo Yi: In fact, there has always been an unwritten consensus in the blockchain industry that in a bull market, most users will choose to speculate in the secondary market, but in a bear market, the majority will choose mining. In fact, whether in a bull market or a bear market, mining is the most stable part of the entire industry, and it is also the only border between the blockchain world and the real world. The recent crypto market has been volatile. Compared with speculation in the secondary market, mining has lower risks, more stable returns, and is more suitable for asset allocation.

The AMA live question and answer session has ended here. The following is the free question and answer session.

Q1: Do I have permanent usage rights for your mining machines?

A: Yes.

Q2: Do I need to pledge pha?

A: Yes, the minimum pledge amount for an 8-core device is 2646 PHA. The pledge ratio of PHA is much smaller than that of File, and the lock-up period will not exceed seven days. Currently, PHA can be purchased on mainstream exchanges, and the early pledge coins can be purchased on them.

Q3: Do miners need a public IP?

Answer: The project party has not made any mandatory requirements at present, but when the application data comes up, stable public IP addresses will definitely be given priority.

Q4: If I have multiple mining machines, do I need to deploy a full node for each mining machine?

Answer: We are currently planning a large mining pool technology, and each friend will settle their output according to the proportion.

Q5: What are the benefits?

Answer: At present, the Pioneer Network has not been officially launched (probably August 15), so according to the current official economic model, the daily output is about 5 PHAs at the beginning. Based on the current price of $1 USD, it will take about 8 months to pay back the investment. Based on the price of $5 USD, it will take a little more than 2 months to pay back the investment.

Q6: Will the computing power of the entire network increase dramatically in a short period of time after the pha mainnet is launched?

Answer: There will not be a sudden increase in number in the current pilot network stage.

How to participate in the event:

1. Scan the QR code on the poster to contact official staff for purchase.

2. You can also directly pay a deposit in the event mini program to lock in your place. Since this event is a limited-time sale, it is recommended that you directly enter the mini program to place an order to lock in your place in advance.

The above is the text compiled by Lianyun Finance based on the content of the live broadcast room. For more information, please pay attention to Lianyun live broadcast information.

This event is jointly hosted by Lianyun Finance and Ruiyun Chain, and strategically supported by many media! Thanks to the following media, and look forward to more exciting events in the next issue!