How to tell if an IPFS miner is professional? Must-know guidelines!
As IPFS is now online, Filecoin mining starts to gain more popularity. A growing number of people want to participate in the Filecoin mining business. The Filecoin project raised $257 million in a headwind situation. As early as 3 years ago, some visionaries have invested in IPFS mining machines, built IPFS mining farms and sold cloud mining power in advance…..
When IPFS was officially launched, the difficulty of IPFS mining far exceeded everyone’s expectations. IPFS mining poses high requirements for mining farm’s operation and maintenance capabilities. Therefore it is difficult for average individuals or small mining teams to generate effective mining power and obtain Filecoin rewards. Upon the official launch of IPFS, a large number of non-compliant mining machines were phased out. At the same time, it also enticed more miners to join the battle.
How can consumers tell the difference between so many different IPFS miners? This article will answer these questions.
Why is IPFS mining so difficult?
Deploy updates is difficult
Filecoin mining has multiple tasks that require specialized division of labor. For example, submit proofs and increase mining power, etc. Therefore, operation and maintenance engineers have to configure different machine models with different algorithms to bring out the best performance of the machines. However, the more servers a mining farm has, the more difficult and stressful the update deployment will be. And more likely problems will occur. Unfortunately the official IPFS penalty mechanism stipulates that if there is a power outage, machine failure, or network disruption, not only will the miners lose their Filecoin revenue, they will also be liable to a mining power penalty and a deduction in their collateral tokens.
Stable operation is difficult
IPFS consensus mechanism requires a continuous submission of PoST (Proofs of Space Time) from the miners. Miners have to submit the PoST once every half hour, i.e. 48 times a day. Once a missed or failed PoST submission is not remedied promptly, miners will face a mining power penalty. The decline in mining power will also affect the income. In terms of income, miners need to generate the winning PoST within 30 seconds. Otherwise the blockchain upload process will be affected and the block reward will also get affected.
IDC has become the benchmark for professional IPFS miners
Many IPFS miners are showcasing their IDC as a demonstration of their strengths and expertise. IDC stands for Internet Data Center. According to the official description, IDC refers to a standardized professional data center environment built with existing Internet communication lines and bandwidth resources.
The IDC has a few innate advantages that can greatly improve the stability of IPFS mining.
High reliability and security
IDC’s hardware and technology is highly reliable. It takes into account the system’s resilience, fault tolerance, and error correction capability to ensure a stable and reliable operation for the entire facility. The basic security design involves core data security. IDC design and plan everything from the end-to-end access security to layered network security. The overall stability of the IDC data is guaranteed by both hardware and software.
Uninterrupted power supply system and exclusive access to 100 megabit broadband
IPFS miners have very high demands for electricity and network speed. If there is a sudden power outage, it will directly lead to a loss of data. The official IPFS penalty mechanism will also deduct the miner’s collateral tokens and reduce the miner’s effective mining power. If the internet speed is slow, it will directly compromise the effective mining power. As a result, Filecoin income will be reduced. To solve the power issue, IDC chose to use the UPS (Uninterrupted Power Supply) system to guarantee a stable power supply. To tackle the internet issue, IDC chose to use independent backbone network and exclusive 100 megabit broadband to ensure the growth of effective mining power and Filecoin income.
24/7 professional operation and maintenance management
For custodian services, IDC has a complete operation and maintenance management platform. By employing advanced and reliable management tools, we will be able to achieve high-quality management of the system and real-time monitoring of the entire data center operation. Moreover, an automatic alarm system will record all events in real-time, quickly identify the faulty sector and improve the overall reliability of the data center.
To summarize these advantages, for IPFS miners IDC could simultaneously provide equipment management, service management, quality assurance, data backup, disaster services, uninterrupted power supply system, 24/7 monitoring services, secure data center, and high-speed, high-bandwidth backbone network access. Simply put, the IDC data center is a top-quality environment for IPFS miners.
Filecoin’s mining machines are relatively expensive. The market price is around $20,000 per unit. Therefore, building a professional IPFS IDC data center is very costly. The majority of investors cannot afford an entire data center. Hence, cloud mining becomes the optimal choice for investors.
IPFS mining is not as simple as everyone thinks. Filecoin mining machine operation and maintenance are far more complicated than traditional mining machines. When choosing an IPFS miner, one must pay close attention and be careful in selecting a legitimate financial service platform as well as a professional mining service provider.
