Ten Years of Mining: From GPU Mining to 7Nm Mining Machine
Since Zhongbencong excavated the first block, mining industry has come into being. From 2009 to 2019, it has been ten years since the completion of mining development. In the past ten years, mining industry has emerged from scratch, witnessing the development of block chain industry from humble to brilliant. Between ups and downs, mining industry also experienced in the public impression from "geek" to "CX" and then "upstart" today may become "sooner or later cool". The myth of wealth in the mining industry for ten years has not fundamentally changed the perception of ordinary people. The reason may be that the chain of blocks is still some distance from life._DJMINER
The Internet has also brewed a global bubble at the beginning, but this does not prevent the Internet from changing our lives. The reality is that no matter what the public attitude, the existence of mining industry has its rationality. If this "existence" also shows vigorous vitality, then we have reason to believe that it may be a trend.
Today's mining industry seems to be booming. In fact, since the first "founding block" was excavated by Nakamoto on January 3, 2009, the next year or two, the mining work has been undertaken by Nakamoto's personal computer alone. No one can imagine that in the future tens of billions of dollars worth of mining origin should be so "casual".
Mining essentially relies on computer chips to constantly do hash collisions. At first, a PC could be a mining node, and then it was found that the computer GPU was more efficient in mining. This stage is called pan-miner stage. The carrier of mining is computer, and anyone can become a miner.
Strictly speaking, the first mass-produced machine for mining was born in Shenzhen in 2013. The model is "roast cat 12.8G". The first model of the mining machine is available. In September 2013, the world's first ASIC Avalon 1 began to be delivered, using a 110-nm process chip. At the end of the same year, ant S1, the first generation of ASIC miner in Bi-Mainland, was produced in large quantities.
Miners embarked on the road of true specialization, and the general pattern of mining industry was basically determined in this year. Then, under the influence of Moore's law, the professional miners keep iterating. Today, it is the world of 7Nm process miner.
Also in 2013, in Gongming Street, Shenzhen, the world's first mine was launched. Wang Song used roast cat miner to carry out batch mining operations, named "roast cat" mine, which accounted for 42% of the power of the whole network at that time.
The completion of the roast cat mine means the birth of the first generation of miners who depend on the profits of the miners. Of course, the first generation of miners are also the developers of the miners. Behind the roast cat mine, there are a group of investors, who depend on the dividend of the profits of the mine to get a good return on investment. It can be said that the first group of investors in the mining industry also existed at this time.
The formation of professional miners has to be traced back. Between 14 and 15 years, miners began to find that the cost of electricity was the key to the success of the mining industry. Miners began to search for cheap energy all over the world. By comparison, Sichuan Electric Power has the best price and volume. The miners began to migrate, which is the origin of the abundant hydropower we are talking about today.
The discovery of Fenghuangshui made the profits of mining soar, and the ability of miners to resist risks was unprecedented strong. Whether or not to grasp the high-quality power resources has become the threshold for miners, miners really become a profession._DJMINER
The most intuitive way to judge whether an industry is formed is to observe whether the service industry parasitic on it is sound. There are two major parts of the service industry around the mining industry. One is the channel to serve the commodity circulation of the miners and the service to the small and medium-sized miners.
It is reported that the earliest mine was in Prague, Czech capital, in 2010. Given that Chinese miners account for more than 70% of the total network computing power, the pools serving mainland miners seem to be more representative. Founded in April 2013, Fishpond F2POOL is the earliest mine in China, once the largest in the world.
However, the occurrence time of miner distributors seems a little unverifiable. Shenzhen Huaqiang North Saige Square is the world's largest mining machinery distribution center. At the latest, by 2015, there will be a special mine machine sales store in Saige Square. The peak period of mine distributors is from the end of 2017 to the beginning of 2018. During the peak period, the whole fourth floor and first floor of Saige Square are stores dealing in various types of mining machines.
Mining industrialization relies on the advent of professional miner, formed in the emergence of professional miner, developed in the process of mine migration, and finally solidified under the growth of the surrounding service industry.
In terms of time, 2009 is the first year of mining, and 2013 is the beginning of mining industrialization. Many people who play a decisive role in the industry today opened their own mining road in 2013.
Pumpkin Zhang (founder of Jianan Yunzhi), Wu Jihan (founder of BitContinent), Mao World Bank (founder of Fishpond), and solemnity (head of btc.com) all made their mark in early 2013, and the intertwined groups of people can be linked through some people or personnel.
It took four years, from 2009 to 13, for the mining industry to take its first step. In the next six years, the mining industry expanded at an unexpected rate. Today, the mining industry is a mature industry with a production value of 100 billion people to feed 100,000 employees._DJMINER
Although the momentum of mining industry development is rapid, it does not mean that its way forward is a smooth road, nor does it mean that its future road can be smooth sailing. On the road of ten years'growth of mining industry, there have been many challenges, even several times between life and death, the survival of the industry is tied to the front line.
1: For the first time in history, 51% of the attacks were carried out, almost shaking the fundamentals of mining industry.
The POW Consensus has always been proud of its safety, and the system of "one person, one vote" has always been the pride of miners. But there is still a sword of Damocles hanging over the head of the mining industry, which is the 51% attack.
When an individual masters 51% of the total online computing power, it means that he can use the consensus system to do whatever he wants. Until 2018, 51% of the weaknesses of attacks had been theoretical.
In September 2018, another set of Equihash algorithms using the same POW mechanism was successfully implemented with 51% computational attack, and some of the data that had been written to the block was maliciously tampered with. The absolute security of POW consensus is fundamentally negated as soon as the message comes out. Mining industry is facing the biggest consensus attack since its birth. Fortunately, most miners choose to stick to it. The powerful calculating power makes hackers no longer have room to start._DJMINER
At the end of 2018, Wu Jihan, known as the mining hegemony, and CSW, known as Zhongben Congbenzun, evolved into a divisive war among the various factions because of their divergent opinions. In order to prove that they represent the most mainstream views, both sides of the opposition mobilize their efforts at all costs and launch a battle for pieces.
A great deal of arithmetic has been involved in the struggle between the two. The public has questioned that arithmetic has actually been held hostage by a small number of people. Mining industry has been strongly impacted on the de-centralization ideal of the standard edition, which may be the biggest stain in the ten-year history of mining industry._DJMINER
In the past decade of mining industry, the computing power of the whole network has increased geometrically, which brings security. At the same time, there has been a voice continuously questioning that mining behavior consumes too much social energy. With the emergence of POS consensus mechanism, its advantages of higher TPS and lower energy consumption are gradually accepted by the mainstream, and mining industry is facing the crisis of being paid by the bottom of the kettle.
Ten years of development, the mining industry also has to face the challenges of policy, market, hackers, miners'differences and so on. However, it is in these challenges that the vitality of mining industry has become more and more tenacious. Not destroying you will ultimately make you strong. Mining industry has responded to all doubts and challenges with facts over the past ten years._DJMINER
In the past ten years, the opportunities of mining industry are far greater than the challenges. A consensus based on a few idealists has evolved into an industrial cluster that unites tens of millions of people. The status of mining industry has been greatly consolidated. But with the growth of the industry, all kinds of interest demands are mixed in it, and the mining industry has deviated from its original intention to a certain extent. What is the weight of gains versus losses?_DJMINER
The annual output value of the mining industry under the POW consensus mechanism has approached the $100 billion mark, and the oligopoly effect in the upstream of the industry is obvious. As the most upstream mining machinery production enterprise in the mining industry, BitContinent now holds nearly half of the total network computing power by taking advantage of its innate advantages, and has become a veritable mining hegemony.
Benefit-oriented mining industry will certainly become stable and will also give birth to industry oligarchy, and the existence of oligarchy has seriously undermined the original intention of de-centralization of mining industry. Teenagers who once challenged the centralized reality mechanism with miner are now transforming themselves into the centre of a sense._DJMINER
As soon as the world's first mine "roast cat mine" came out, it accounted for 42% of the total net. Therefore, the mine has always been regarded as the initiator of mining centralization. Under the trend of industrialization, the mine has found a more suitable way to exist.
Mine trusteeship is currently the main business of the mine. Because of the existence of the mine, the small and medium-sized miners find their own living space. Although a large number of mining machines are centralized in the mine, but the computing power is scattered in the hands of miner all over the world.
The emergence of cloud computing has given further hope to the decentralization of computing power. Through the calculating power of the separator, the threshold of mining is lowered, and most of Xiaobai can also pour into the mining industry. The dispersed calculating power is more in line with the original intention of decentralization.
At present, the field of cloud computing power has a preliminary pattern. RHY mine, Bit deer, Niubit and other platforms build the fulcrum of cloud computing industry._DJMINER
With the maturity of mining industry, the concept of Zhongbencong going to the center and without borders has gradually entered the mainstream vision. Its advantages are also recognized by the world. The giant Facebook wants to issue libra's borderless currency through the block chain. As soon as the news comes out, all parties react enthusiastically, and many of them are optimists.
However, as a mining industry, it is still not recognized by the mainstream world today, and can only be regarded as a marginalized existence.
In ten years, mining industry has formed a mutual restrictive relationship based on common interests among miners, miner and secondary market. But in this kind of restriction, the parties have more or less involuntarily, and can only be carried forward by the trend.
How many people have entered the industry with pure intention, but now they are compromised by various interests. How many people are purely profit-seekers and become firm defenders in the consideration of their own interests, which may be the charm of mining industry.
Ten years of mining industry, people are different, good ideals exist._DJMINER
The Internet has also brewed a global bubble at the beginning, but this does not prevent the Internet from changing our lives. The reality is that no matter what the public attitude, the existence of mining industry has its rationality. If this "existence" also shows vigorous vitality, then we have reason to believe that it may be a trend.
I. The Way of Mining Industrialization
Today's mining industry seems to be booming. In fact, since the first "founding block" was excavated by Nakamoto on January 3, 2009, the next year or two, the mining work has been undertaken by Nakamoto's personal computer alone. No one can imagine that in the future tens of billions of dollars worth of mining origin should be so "casual".
1) The Professional Way of Mining Machinery
Mining essentially relies on computer chips to constantly do hash collisions. At first, a PC could be a mining node, and then it was found that the computer GPU was more efficient in mining. This stage is called pan-miner stage. The carrier of mining is computer, and anyone can become a miner.
Strictly speaking, the first mass-produced machine for mining was born in Shenzhen in 2013. The model is "roast cat 12.8G". The first model of the mining machine is available. In September 2013, the world's first ASIC Avalon 1 began to be delivered, using a 110-nm process chip. At the end of the same year, ant S1, the first generation of ASIC miner in Bi-Mainland, was produced in large quantities.
Miners embarked on the road of true specialization, and the general pattern of mining industry was basically determined in this year. Then, under the influence of Moore's law, the professional miners keep iterating. Today, it is the world of 7Nm process miner.
2) The first batch of professional miners came on the scene
Also in 2013, in Gongming Street, Shenzhen, the world's first mine was launched. Wang Song used roast cat miner to carry out batch mining operations, named "roast cat" mine, which accounted for 42% of the power of the whole network at that time.
The completion of the roast cat mine means the birth of the first generation of miners who depend on the profits of the miners. Of course, the first generation of miners are also the developers of the miners. Behind the roast cat mine, there are a group of investors, who depend on the dividend of the profits of the mine to get a good return on investment. It can be said that the first group of investors in the mining industry also existed at this time.
The formation of professional miners has to be traced back. Between 14 and 15 years, miners began to find that the cost of electricity was the key to the success of the mining industry. Miners began to search for cheap energy all over the world. By comparison, Sichuan Electric Power has the best price and volume. The miners began to migrate, which is the origin of the abundant hydropower we are talking about today.
The discovery of Fenghuangshui made the profits of mining soar, and the ability of miners to resist risks was unprecedented strong. Whether or not to grasp the high-quality power resources has become the threshold for miners, miners really become a profession._DJMINER
3) appearance of surrounding service industry
The most intuitive way to judge whether an industry is formed is to observe whether the service industry parasitic on it is sound. There are two major parts of the service industry around the mining industry. One is the channel to serve the commodity circulation of the miners and the service to the small and medium-sized miners.
It is reported that the earliest mine was in Prague, Czech capital, in 2010. Given that Chinese miners account for more than 70% of the total network computing power, the pools serving mainland miners seem to be more representative. Founded in April 2013, Fishpond F2POOL is the earliest mine in China, once the largest in the world.
However, the occurrence time of miner distributors seems a little unverifiable. Shenzhen Huaqiang North Saige Square is the world's largest mining machinery distribution center. At the latest, by 2015, there will be a special mine machine sales store in Saige Square. The peak period of mine distributors is from the end of 2017 to the beginning of 2018. During the peak period, the whole fourth floor and first floor of Saige Square are stores dealing in various types of mining machines.
Mining industrialization relies on the advent of professional miner, formed in the emergence of professional miner, developed in the process of mine migration, and finally solidified under the growth of the surrounding service industry.
In terms of time, 2009 is the first year of mining, and 2013 is the beginning of mining industrialization. Many people who play a decisive role in the industry today opened their own mining road in 2013.
Pumpkin Zhang (founder of Jianan Yunzhi), Wu Jihan (founder of BitContinent), Mao World Bank (founder of Fishpond), and solemnity (head of btc.com) all made their mark in early 2013, and the intertwined groups of people can be linked through some people or personnel.
It took four years, from 2009 to 13, for the mining industry to take its first step. In the next six years, the mining industry expanded at an unexpected rate. Today, the mining industry is a mature industry with a production value of 100 billion people to feed 100,000 employees._DJMINER
II. Several Challenges in the History of Mining Industry
Although the momentum of mining industry development is rapid, it does not mean that its way forward is a smooth road, nor does it mean that its future road can be smooth sailing. On the road of ten years'growth of mining industry, there have been many challenges, even several times between life and death, the survival of the industry is tied to the front line.
1: For the first time in history, 51% of the attacks were carried out, almost shaking the fundamentals of mining industry.
The POW Consensus has always been proud of its safety, and the system of "one person, one vote" has always been the pride of miners. But there is still a sword of Damocles hanging over the head of the mining industry, which is the 51% attack.
When an individual masters 51% of the total online computing power, it means that he can use the consensus system to do whatever he wants. Until 2018, 51% of the weaknesses of attacks had been theoretical.
In September 2018, another set of Equihash algorithms using the same POW mechanism was successfully implemented with 51% computational attack, and some of the data that had been written to the block was maliciously tampered with. The absolute security of POW consensus is fundamentally negated as soon as the message comes out. Mining industry is facing the biggest consensus attack since its birth. Fortunately, most miners choose to stick to it. The powerful calculating power makes hackers no longer have room to start._DJMINER
2) The war of arithmetic, the ideal of decentralization is questioned
At the end of 2018, Wu Jihan, known as the mining hegemony, and CSW, known as Zhongben Congbenzun, evolved into a divisive war among the various factions because of their divergent opinions. In order to prove that they represent the most mainstream views, both sides of the opposition mobilize their efforts at all costs and launch a battle for pieces.
A great deal of arithmetic has been involved in the struggle between the two. The public has questioned that arithmetic has actually been held hostage by a small number of people. Mining industry has been strongly impacted on the de-centralization ideal of the standard edition, which may be the biggest stain in the ten-year history of mining industry._DJMINER
3) POS consensus has been accepted by the mainstream, and mining industry is facing a major crisis of stagnation.
In the past decade of mining industry, the computing power of the whole network has increased geometrically, which brings security. At the same time, there has been a voice continuously questioning that mining behavior consumes too much social energy. With the emergence of POS consensus mechanism, its advantages of higher TPS and lower energy consumption are gradually accepted by the mainstream, and mining industry is facing the crisis of being paid by the bottom of the kettle.
Ten years of development, the mining industry also has to face the challenges of policy, market, hackers, miners'differences and so on. However, it is in these challenges that the vitality of mining industry has become more and more tenacious. Not destroying you will ultimately make you strong. Mining industry has responded to all doubts and challenges with facts over the past ten years._DJMINER
III, what has been gained and what has been lost in the ten-year evolution of mining industry?
In the past ten years, the opportunities of mining industry are far greater than the challenges. A consensus based on a few idealists has evolved into an industrial cluster that unites tens of millions of people. The status of mining industry has been greatly consolidated. But with the growth of the industry, all kinds of interest demands are mixed in it, and the mining industry has deviated from its original intention to a certain extent. What is the weight of gains versus losses?_DJMINER
1) Dragon-slaughtering teenagers are becoming dragons, and decentralised followers are dominating one side.
The annual output value of the mining industry under the POW consensus mechanism has approached the $100 billion mark, and the oligopoly effect in the upstream of the industry is obvious. As the most upstream mining machinery production enterprise in the mining industry, BitContinent now holds nearly half of the total network computing power by taking advantage of its innate advantages, and has become a veritable mining hegemony.
Benefit-oriented mining industry will certainly become stable and will also give birth to industry oligarchy, and the existence of oligarchy has seriously undermined the original intention of de-centralization of mining industry. Teenagers who once challenged the centralized reality mechanism with miner are now transforming themselves into the centre of a sense._DJMINER
2) Once a monopoly maker, but turned into a defender
As soon as the world's first mine "roast cat mine" came out, it accounted for 42% of the total net. Therefore, the mine has always been regarded as the initiator of mining centralization. Under the trend of industrialization, the mine has found a more suitable way to exist.
Mine trusteeship is currently the main business of the mine. Because of the existence of the mine, the small and medium-sized miners find their own living space. Although a large number of mining machines are centralized in the mine, but the computing power is scattered in the hands of miner all over the world.
The emergence of cloud computing has given further hope to the decentralization of computing power. Through the calculating power of the separator, the threshold of mining is lowered, and most of Xiaobai can also pour into the mining industry. The dispersed calculating power is more in line with the original intention of decentralization.
At present, the field of cloud computing power has a preliminary pattern. RHY mine, Bit deer, Niubit and other platforms build the fulcrum of cloud computing industry._DJMINER
3) Core concepts are recognized, but they are still marginalized.
With the maturity of mining industry, the concept of Zhongbencong going to the center and without borders has gradually entered the mainstream vision. Its advantages are also recognized by the world. The giant Facebook wants to issue libra's borderless currency through the block chain. As soon as the news comes out, all parties react enthusiastically, and many of them are optimists.
However, as a mining industry, it is still not recognized by the mainstream world today, and can only be regarded as a marginalized existence.
In ten years, mining industry has formed a mutual restrictive relationship based on common interests among miners, miner and secondary market. But in this kind of restriction, the parties have more or less involuntarily, and can only be carried forward by the trend.
How many people have entered the industry with pure intention, but now they are compromised by various interests. How many people are purely profit-seekers and become firm defenders in the consideration of their own interests, which may be the charm of mining industry.
Ten years of mining industry, people are different, good ideals exist._DJMINER
评论
发表评论