Swarm Mining FAQ

Q1: Swarm, what is it?

Swarm is a distributed data storage system similar to IPFS/Filecoin. It aims to build a point-to-point storage and service solution with no downtime, no failure, and no censorship. Swarm, meanwhile, can be said to be an official part of the Ethereum project.

In general, Swarm Distributed Storage is designed to provide data storage, bandwidth and other resources for Ethereum applications.

Q2: What is Swarm’s current stage?

Currently in its beta airdrop phase, on February 15, 2021, Swarm announced that it will airdrop 1 million BZZ tokens to addresses that are already running BEE nodes on the beta network in order to reward early adopter and stress test the network. But Swarm hasn’t really taken off until recent mining, presumably because it’s almost time for the planned “first half” of the main network to go live. Officials called the drop “Queen Bee Rise.”

Q3: How is Swarm currently mining?

During the airdrop test phase, exactly 35 “Queen Bees” (QBZZ nodes) are randomly identified in the network. Only the checks obtained by interacting with these 35 QBZZ nodes (i.e., QBZZ checks) are of value, and no one (not even team members) will know what these Queen Bees are until the end of the test. After the airdrop, the check can be exchanged for BZZ currency by a certain percentage.

Q4: What is our mining machine?

At present, we are using the cloud mining machine solution. Currently, there is no officially confirmed physical machine configuration, so the safest way is to use the cloud service first, and wait for the official configuration after running, then we can use the physical machine, which is the safest way. Otherwise, it will be like the FIL in 18 years, when all the physical machines could not be used and the money could not be paid. After the official announcement of the configuration, we will choose the best scheme to match the physical machine, and then make up the price difference according to the price. Mining machine docking AACD314

Q5: What is the difference between “cloud nodes” and “physical nodes”

Cloud nodes: The cloud servers rented in the cloud are used to build Swarm configuration. Servers such as AliCloud and Tencent Cloud can directly rent and deploy Swarm cloud nodes to conduct mining of the test network. The advantage of using cloud nodes is more convenient, can be expanded at any time, eliminating the physical node from ordering server hardware, from supply to assembly, shelf deployment and other series of time cycle has to go up to half a month. The disadvantage is that there is no real right, only the use of the lease period, the expiration of the end.

Physical node: refers to the Swarm mining machine built by purchasing the “whole machine server”. This is the Swarm node built by buying a series of servers including CPU, memory, hard disk and other accessories related to the whole machine and the corresponding uploading, deployment, operation and maintenance services. However, there is no officially confirmed physical machine configuration at present, and there is a risk that the current physical machine cannot continue to produce currency after the main network goes online.

Q6: When do you dig checks? How is it distributed?

Currently in the pre-mining stage, the official airdrop a total of 1 million BZZ for testing. But in the airdrop stage, instead of digging BZZ coins, but QBZZ checks, after the end of the airdrop, the authorities will check how many QBZZ checks there are in the whole network, and determine how many nodes are entitled to BZZ, as well as the QBZZ /BZZ ratio, to exchange 1 million BZZ coins.

At present, the delivery date of the dug check is determined according to the signing time of the contract. Since the income of each node is different, the distribution is made according to the actual issue situation.

Q7: When will coins be mined? How is it distributed?

After the main network is online, the formal excavation will be carried out. The specific rules will wait for official release after the main network is online. The income of each mining machine will be the data on the chain, which is open and transparent.

Q8: Why do other companies already have apps and backends?

At present, all the APPs on the market are developed by the company itself, and the data inside is just a display, and the data is completely controlled by the company. These backends are not official data, because the official data is not yet public, it is still in the testing phase.

Q9: When the main network goes online for mining, does it need to pledge currency?

The official information will prevail. At present, according to the information we have, after the mainnet goes online, it is similar to Filecoin mining. BZZ coins need to be pledged before mining can be carried out. Mining machine docking AACD314

Q10: Is the current mining phase the first mining phase?

Swarm is currently in its first mining stage, and according to the information currently available, after the main network is launched, BZZ coins are to be pledged for mining, and the source of BZZ coins in the first time can only be 1 million BZZ coins in the airdrop stage. That means when the main network is launched, the number of BZZ coins in the whole network is very small and limited. Therefore, The significance of the head mine is obvious.

Q11: How do we check the ticketing situation?

The data on the chain is open and transparent. You can view the daily ticket production data on the blockchain browser. For friends who buy mining machines and nodes, we will give the wallet address or contract address to you, and you can view the daily ticket production on the browser.

This year’s mining circle is very busy, many people’s legs are swollen, missed FIL head mine, and missed CHIA head mine, you also miss Bzz?

Why the layout of the first mine? Because the first ore back this cycle is calculated by the hour! Such as:

1: IPFS head single P 300 FIL/ day

2: CHIA first ore single P 65 XCH/ day, 12 hours return capital.

3: 357 BTC/ day for a single bitcoin head mine, 70 million yuan a day.

4: How many Bzz are there a day in Bzz head mine? How many hours to pay back?

So the first month of the first mine is much higher than the output of the next six months! This is why to buy BZZ miner ahead of time to seize the mine head reason! BZZ is a professional track, technical service is key! Coffa AACD314 for details