The 145th Force Open Day: A miner's past and present life

The 145th Force Open Day: A miner's past and present life

This article was originally written by IPFS Force Zone


The world is bustling with people for profit. When it comes to encrypted digital assets, many traditional investors will have a strong interest in mining. So what kind of development process have miners experienced in the field of encrypted assets? Mo Liqing, a pre-sales engineer of IPFS Force Zone, shared relevant information on the theme of "The Past and Present Life of a Miner" at the 145th Force Open Day.


Fermat's Last Theorem, also known as "Fermat's Last Theorem", was proposed by the 17th century French mathematician Fermat. He asserted that when the integer n > 2, the equation x^n + y^n = z^n about x, y, z has no positive integer solution. In the following three hundred years, many scientists have made a lot of arguments for this conjecture. Through the process of argumentation, mathematicians have enriched the content of number theory and derived many algorithms for applied cryptography, such as the elliptic curve asymmetric key cryptography (ECC) algorithm used by Bitcoin.

The working principle of Bitcoin mining machines is to obtain rewards through calculations, such as solving a math problem. Whoever solves it first will have the right to record the account and the block reward. Bitcoin mining machines have also gone through a series of iterative upgrades from CPU, GPU, FPGA, to ASIC. The most obvious feature is that the computing power and difficulty continue to increase, while the power consumption and cost continue to decrease.


The CPU (central processing unit) is an important part of the computer, used to interpret computer instructions and process data in computer software. Its main modules include the control unit, storage unit and arithmetic unit (ALU). Before the advent of GPU mining, Bitcoin mining could also be performed using personal computers.

As can be seen from the above figure, the main difference between CPU and GPU is that the GPU module contains the most arithmetic units (ALU), which improves the centralized computing power. In 2010, a miner named ArtForz was the first to successfully use his own OpenCL GPU for mining. Thus, mining equipment assembled with one or more high-end graphics cards was born. Its feature is that one motherboard can be plugged with multiple GPUs to provide super computing power. However, GPU mining also has some problems, such as high cost, severe heat generation, etc.

From March to May 2013, FPGA mining machines were active. FPGA is a programmable logic circuit, similar to a semi-finished circuit board, widely used in the communications industry. When using FPGA for calculations, the logic needs to be written into hardware code and burned into it. The advantage of FPGA is that it is customizable and has low power consumption. However, the disadvantages are also obvious, namely, high R&D costs and difficulty in mass production. FPGA only existed for a short time in the history of Bitcoin mining before it was replaced by ASIC.


ASIC (Application Specific Integrated Circuit) mining machines first appeared in 2013 and gradually occupied the market. Bitcoin ASIC mining machines are computing devices that use self-developed mining chips. ASIC mining machines are characterized by low power consumption, high efficiency, and mass production. While ASIC spreads costs through economies of scale, it also forms a solid "moat" for mining machine manufacturers and creates an industry monopoly.

Filecoin mining is much more complicated than Bitcoin mining. Before the Filecoin computing power increases, it has to go through four stages: P1, P2, C1 and C2.


Mo Liqing emphasized that Filecoin mining is a very complex process, but it is precisely because of the complexity of the process that there is room for optimization. IPFS Force Zone has optimized the cluster architecture, customized software, and operation and maintenance automation, and is willing to conduct more exchanges and cooperation with other organizations or institutions in the industry to jointly promote the development of the distributed storage industry.
/End.
Statement: This article is an original article from IPFS Force District. The copyright belongs to IPFS Force District. It may not be reproduced without authorization. Violators will be held accountable according to law.
Tip: Investment is risky, so be cautious when entering the market. This article is not intended as investment and financial advice.

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