From Beginner to Master – Let’s Talk About Mining Rigs

Many people say that the world has entered the new era of mining. Mining has become more and more popular and a variety of new mining machines emerge one after another in the market. But do you really understand mining machines and their intricacies? Today, we interviewed Hayes Liu, the founder of HashStor, to talk about the mining machine that his company produces. HashStor is a strategic partner of InterValue,

When it comes to mining machines, “blockchain” can probably not be dissociated. Blockchain is undoubtedly a trending industry. It is not only likely to disrupt the traditional Internet sector, but it may well change people's lifestyles by redefining production and distribution patterns.

Hayes Liu believes that this is an incredible opportunity that cannot be disregarded. From the founding of HashStor until now, Hayes Liu has established an excellent team of managers and blockchain technical specialists, with strong production capacity and solid marketing and sales resources.

Hayes Liu says that although the company is very young, it has developed quickly. He is convinced that HashTor will soon become a major player in the field of blockchain technology.

As most people know, computer resources are divided into computing power and storage. The market for computing power is relatively saturated. In the bitcoin mining machine market, most of the computing power has been occupied by a few large mining pools. Moreover, the early stage of hash mining has passed. From an investment perspective, entering into this market does not make much sense. However, storage mining is still in its early stage and offers a great investment potential.

HashStor aims to build a global storage network, create a blockchain application ecosystem, and truly achieve the goal of building a bridge to provide data interconnection and create value. Besides, it also follows the idea that "data is used to build more strength, blockchain is used to develop relationships". HashStor will provide distributed storage solutions for all types of enterprises, providing users with personal data storage services with good privacy protection and fault tolerance.

HashStor is divided into two versions: Family Edition and Enterprise Edition. The two editions currently have two models (both IPFS mining machines) and offer some obvious technical. HashStor's IPFS mining is very different from BTC and ETH mining. The BTC and ETH mining processes do not generate storage, data retrieval，and other similar application values, but simply provide hash power and consume electricity to deliver proof of work. Most of the power is taken over by large mining pools, which reduces the benefits of ordinary users; HashStor is based on distributed storage, which provides dual-excitation mining by providing hard disk storage space and content retrieval extraction, and guarantees security through decentralization and cryptographic algorithms. In this sense, HashStor IPFS provides something somehow more practical than BTC and ETH.

Let’s describe the so-called distributed storage technology, taking IPFS as an example: we use an incentive (Filecoin) on top of the IPFS distributed storage layer in order to encourage everyone to contribute and provide more storage space.

The IPFS mining process is more like a market for buying and selling. Filecoin mining process can be viewed as a taxi hailing service. Everyone has storage requirements. Miners are like drivers who grab rides. Those who grab the rides fast can make profit and others don’t. Another point is that it takes place as close as possible to the location where the demand is. If you are in a developed area with strong Internet use, you will have a good return. This is why Haye Liu believes that Filecoin's mining model offers better opportunities than Bitcoin and Ethereum.

The disadvantage of traditional centralized storage is that the data is distributed in a centralized manner after being uploaded. Hardware and space requirements are high. Capacity, temperature and humidity, dust removal and so on are factors that all need to be considered. HashStor's distributed storage does not have this problem. In the recent years, with the rapid growth of data volume, distributed database technology has also been steadily developing. Traditional relational databases have begun to evolve from centralized models to distributed architectures. Distributed databases based on relational architectures are replacing traditional databases.

Nowadays, all services require mass storage, but it is not necessarily distributed. It is possible to add a lot of hard disks on one single machine, but the mass storage requirements are sometimes too high. Mass storage is often associated with the "big data" era. The amount of underlying data is tremendous.

If you want to choose a cost-effective mining machine, you can base your decision upon these aspects:

First, the price. Compared with similar mining machines, the price of HashStor series mining machines is about 20% lower and the year-on-year return is 20% higher.

Second, mining capacity. Compared to mining machines in the same price range, HashStor’s mining capacity is stronger and offers a faster return. The IPFS Home mining machine is mainly used to store and retrieve data. Anticipating the possibility that home could be disconnected from the power grid and the internet speed could get slower during weekends, the Home miner is more efficient. HashStor’s family Edition is designed for households and has a nice-looking appearance. It features low noise and low power consumption despite being stable and efficient. Its user-friendly design enables customers to purchase it with flexibility and according to their own needs. The product is suitable for different environments and bandwidths, which is crucial for IPFS mining.

HashStor mining machine has received a lot of attention lately. Since the pre-sale (on August 18 this year), sales volume has been constantly rising. HashStor's R&D team embedded the ARM chip into the self-developed motherboard to reduce its power consumption. Besides, this helps reduce the cost and improve the overall machine performance. Compared with similar products, HashStor's mining machine is 20% cheaper.

HashStor is unsurpassed by other mining machines in terms of technology development, hardware production assembly, modular design, energy consumption noise, and customized operation. Reliability, safety, practicality, and after-sales service will be constantly improved in the future.