How to welcome the launch of Filecoin?

Let me briefly explain my point of view. We go online every day and consume online every day. Applications such as movies, songs, websites, etc. all spend money to store data on other people's servers.

Take Youku for example. In addition to copyright and some other items, a large amount of costs are spent on data storage. If we want to watch videos on Youku now, we must search (send a request), and then the server accepts our request and pushes the content we want to us. This is the current Internet - HTTP.

Once there is a problem with one of the two parties, the content we store is likely to evaporate. Some companies have spent a lot of money to own a large amount of data and make the data monetizable. Although we seem to have not spent any money, we don’t know that we have been turned upside down. To use the latest saying, the current Internet is centralized.

The purpose of the Internet is to do whatever you want, but the current development trend has gradually changed and has become what we see now. Large companies monopolize data and control the right to distribute files, making the original intention of the Internet completely empty talk.

The emergence of IPFS is to challenge the current status quo. In IPFS, our music and videos will be divided into blocks, and each block will have an ID card that cannot be tampered with, that is, a hash value. These blocks will be randomly stored in the computer using the IPFS system.

When we open these music and videos, the IPFS system will piece together the data stored in each computer running the IPFS system based on the hash value, and then push it to us. And once these data are uploaded, they will not be deleted by anyone or any force, which means that the files uploaded to the IPFS system are permanent.

Now that we understand the functions and roles of IPFS, how can we, who want to become miners, obtain the benefits from it?

This has to mention the IPFS token - Filecoin

In IPFS, if someone needs to store data on your idle hard drive, they must pay filecoin. Similarly, you also need to pay filecoin to upload files. The network speed in IPFS is extremely fast, and the upload and download speed is hundreds of times faster than in the past, so each of us is an uploader and a storer.

In filecoin, there are mainly two markets: storage market and retrieval market.

The computing power in Filecoin is different from the traditional Bitcoin mining computing power. The computing power here refers to the combination of factors such as bandwidth, hard disk, and network coverage. We generally give priority to placing orders on network nodes with high network speed and low latency, and the data will be stored near you first, such as your neighbor's home. If any of these factors such as bandwidth, hard disk, and network coverage have problems, it will affect our mining income.

Each file stored in IPFS is divided into many 256K blocks. Even if you grab an order, you can only grab 1 block, so the hard disk capacity does not need to be too large, but the network speed must be fast. And the network coverage must be very high, so that you can get more filecoin.

Filecoin mining has very high requirements for network speed, which mainly depends on data transmission speed and upstream speed.

Transmission speed: The faster your internet speed is, the faster you can get orders; Upload speed: It is the process of uploading after getting orders. There are three options for internet speed. You can use home bandwidth, dedicated line or IDC server hosting, but the idle internet speed of home bandwidth is very limited, and there will be power outages at home. Once there is a power outage, the server will be offline for a long time, and the mortgaged coins will be confiscated by the system.

Filecoin mining is a bit like the taxi apps we use now (Uber, Didi Chuxing). We place an order, and then the system assigns the nearest driver to take the order. The driver delivers the order to the destination, and we pay. This process improves efficiency. Many people think that hard disk capacity is the main factor in mining, but it is not. The network speed is the main factor. If your network speed is too slow, it is likely that the system will not assign you an order.

Now everyone should understand how to prepare for the launch of Filecoin.