FIL is here, mining is getting more and more intense except for memory. What will the future mining trend be like?

FIL is here, mining is getting more and more intense except for memory. What will the future mining trend be like?


The FILECOIN mainnet, which was highly anticipated by Chinese miners, was finally officially launched on the evening of October 15. Of course, for this giant, which is known as the fifth largest fund-raising project in the crypto field, and has been repeatedly delayed, it is a miracle that the mainnet was finally launched.

Of course, after the mainnet is launched, whether the price can be settled still arouses the interest of many people. Because after the mainnet is launched, miners need to pledge a large amount of FILECOIN for mining, but there are relatively few spot stocks on the market, so there is an extreme imbalance between supply and demand. FILECOIN has been hyped here. Judging from the data of gate's FILE in June, it has at least increased by nearly 100 times. Therefore, the future trend of FILECOIN will naturally cause a lot of controversy.

Not only has the price caused controversy among many people, but the previous storage mining method of FILECOIN has also led to speculation in the blockchain storage sector. Some popular targets such as storj and AR have been hyped up, but in the past few days when the FILECOIN mainnet was about to be launched, it ushered in a wave of sharp declines. Some people explained this as the market's positive news landing in advance, which became negative news, thus the sharp drop in storj/AR and other stocks.

Some people joked: The current digital currency mining method has also ushered in a new milestone after the emergence of FILECOIN, that is, another major object on the computer finally has its own use. Indeed, the digital currency mining method is actually an improvement in the use of computer hardware.

The first to appear was the CPU, which was responsible for the mining of early digital currencies such as Bitcoin. It was then surpassed by graphics cards (GPUs), which became the popular mining hardware. CPUs are currently only focused on currencies such as Monero, and there were many currencies mined on graphics cards, such as Litecoin, Ethereum, etc., but they were also eventually replaced by FPGA and ASIC dedicated circuits. Graphics cards became Ethereum's possession, and the FILECOIN that appeared today is the pinnacle of hard disk mining. There have been some hard disk mining projects before, but they always seemed tepid, and FILECOIN has carried it forward.

Finally, let’s count. In a complete computer, apart from the keyboard, mouse and monitor, only the memory stick is left. So, will there be a digital currency mining method using memory as the medium in the cryptocurrency circle one day in the future?

Let’s not rush to deny it. I think this is very likely. In this way, if someone uses his imagination again, he can create a simulated supercomputer on the blockchain, which has a hard disk, memory, graphics card, and CPU, with a public chain as the operating system, smart contracts as applications, and digital currency as the flowing data. The output result is a ledger database, and finally humanized, a living "Matrix" big boss may be born. Isn’t this a very exciting thing?

Of course, we are just thinking about it, but how much room is there for the development of digital currency hardware mining in the future? This is a thought-provoking topic.

At present, the three key computer hardware (CPU, GPU, and hard disk) have their own digital currency mining-token incentive system. At the same time, there is also such a small ecosystem that allows these computer hardware to be further utilized. At the same time, each hardware is currently occupied by only a maximum of three mainstream currencies, and more often one or two.

For example, as we mentioned earlier, Ethereum, Monero, and now FILECOIN, basically each occupy a piece of hardware. Other digital currencies are either ASIC-ized or severely squeezed out. For example, in CPU mining, there are basically no mainstream coins after Monero. Unless the digital currency market expands further in the future, these projects will be like the king of the mountain and it is unlikely that they can accommodate two or more projects.

As for why this happens, it is actually very easy for us to understand. The main reason is the potential risks of machine gun pools and 51 attacks. For example, Ethereum Classic is a typical case. As long as a small part of Ethereum's computing power is cut over, a more serious 51 attack can occur. This means that "there can't be two tigers in one mountain". It also shows that the team attempting to fork the FILECOIN project will eventually face a fate similar to Ethereum Classic.

So will the remaining memory have its own "mining project"? I think we can look forward to it in the future. It is estimated that similar projects may appear in 2022, and then they may become popular after 2025, just like the FILECOIN mining we see today.

However, one thing that needs attention is that for mining projects on computers, there may be related groups behind the scenes to promote and support them. For example, the latest graphics cards still involve a lot of interests, although it is a small part, but it was a bear market at that time. Once the bull market comes, there is a high probability that there will be strange news such as "some big guy chartered a plane to transport graphics cards for mining".

Of course, the mining industry of the future has been close to specialization. For ordinary people, it has gradually moved away. Maybe one day we can only see cloud computing power and hosted mining machines, and it is unlikely that we will set up mining machines at home to mine. Of course, there may be, if memory mining really appears, then which hardware will be the next step?

Perhaps the “overall integration” of computer hardware could be a mining trend. Isn’t that what FILECOIN is doing now?

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