It is expected that the consensus EC is the real secret to making Filecoin mining more energy-efficient!

Professionalism and focus, win-win cooperation

Since the birth of digital currency, the word "mining" has taken on a new meaning, not just mining coal and rare earth in the mountains as previously thought. Although the mining in the field of digital currency is a string of numbers, both types of mining have two common characteristics, that is, they both require tools to dig and the things dug out can be sold for money.

There are countless projects in the entire digital currency field, but there are only two mainstream release methods, private financing and mining release. Whether it is mainstream currency or long-tail currency, mining is a way to obtain currency with relatively low investment cost.

Among the numerous mining projects, BTC has the largest market value. After all, as the originator of the entire digital currency, it has extremely high value. Therefore, two BTC mining equipment service providers have already gone public.

To date, BTC mining is still the largest mining team in the digital currency field, but BTC mining requires the proof-of-work mechanism PoW, which consumes a lot of energy.

When talking about mining, we have to mention a professional term: consensus.

BTC

Filecoin, known as the next generation of the king of coins, also uses mining as its main release mechanism, but Filecoin has designed a more reasonable consensus mechanism to ensure its security while being more environmentally friendly.

The mining designed by Filecoin is "storage space mining", so that miners will invest more storage space rather than computing power under economic incentives, which is more energy-efficient.

Filecoin's consensus mechanism is different from PoW and PoS. Filecoin's consensus mechanism is Expected Consensus (EC for short). The way Filecoin elects new miners is determined by the ratio of its current used storage space to the total network storage space.

Therefore, in order to compete to become new miners, all miners prefer to invest in storage space rather than computing power.

The word consensus has only become well-known to the public since the birth of blockchain and digital currency, and the consensus mechanism has become the core problem that blockchain needs to solve. Filecoin also needs to solve the consensus mechanism problem:

The first question is to calculate the storage computing power of miners. Filecoin defines a storage computing power model, and the storage computing power of each miner is public on the blockchain. The on-chain data can be counted to get the precise computing power of each miner, so Filecoin's EC consensus mechanism is more transparent than the PoW mechanism.

The second problem is to determine the time-space proof of the miners. By verifying the legitimacy of each block, the node storage proof is further realized, and finally the storage verification task is realized through the Merkle path, that is, querying and verifying the records in the AllocTable, thus realizing the time-space proof capacity of the miners.

The third question is running the EC consensus mechanism. Filecoin nodes are highly likely to be elected by providing greater storage as a competitive advantage, and then they obtain the right to record blocks. This mechanism is the EC consensus mechanism. Therefore, the probability of winning the election is approximately equal to the proportion of the node's storage computing power to the total storage computing power of the entire network.

The official mining release of Filecoin is about to begin, and a real simulation reward event will begin on August 25th.

Calibration network data to date

There are less than 24 hours left until August 25th. As of August 22nd, the original computing power of the calibration network has reached 10PB, the total number of miners in the entire network is 1,182, and the total network reward is approximately 240,000 FIL.

Although there is no PB-level computing power yet, there are 300 nodes that can run computing power. At present, the Asian node group is still in the first camp, and 8 of the top ten nodes on the list are Asian nodes.

The calibration network will end soon, so you will find that the overall growth rate of the calibration network is not fast this time.

At present, the leader in the computing power list is still Lingdong Node t01973, because recently the Filecoin test network computing power list has introduced a lot of dimensional data, which is a good thing from the perspective of transparency, and also allows many investors to understand the situation of manufacturers' nodes.

But the problem is, due to the large number of data dimensions, there are multiple "firsts". No matter which kind of first, it can actually be divided into two types. The first is short-term first, and the second is long-term first. The one that really depends on strength is the long-term first.

For example, when you are in school, between those who always get first place in exams and those who get first place in a certain exam or first place in a certain subject in a certain exam, who do you think will get first place in the final exam?

What is truly reliable is to look at the first place over a long period of time, which is the most stable. As a smart investor, only looking at 24 hours cannot determine how much Filecoin you can get. You have to look at the first place over the entire period of time to truly earn Filecoin.

Filecoin test network computing power reward query browser:

http://www.filblock.io/

Xi'an Smart Computer, the triple champion of Filecoin test network (No. 1 in computing power list and block list before and after the reset of test network from May to July, No. 1 in computing power list and block list in correction network in August), heavy stock of the best accessories for global Filecoin servers - AMD chips, the best mining performance method - cluster computer mining Filecoin, the leading unit of China Distributed Industry Alliance CDSI, the vice president unit of Distributed Storage Branch of China Association for the Promotion of Private Science and Technology, the organizer of Xi'an IPFS Industry Conference on August 4, and the top representative of distributed storage technology in Northwest China. You are trustworthy!

Lingdong Computer Systems Co., Ltd. official website

http://www.lindensys.com/