What is the expected price of Aleo after it is launched? How many Aleos are expected to be mined with 36000CS?
In this year’s bear market, there are relatively few high-quality large projects, and Aleo is considered one of the most promising rising stars. At the beginning of the year, Aleo successfully completed the largest financing ever in the field of privacy computing, with a total financing amount of US$298 million, led by traditional VCs such as SoftBank and Samsung. In addition, Aleo is also one of the few high-quality projects with POW mining mechanism, carrying the future of global miners.
The current global economic situation is not good, and the encryption field and even traditional industries are facing a major reshuffle. During the bear market stage, most companies and projects chose to protect themselves wisely, shrinking business lines and reducing investment, and very few increased their investment despite the trend. However, Aleo officials suddenly announced on Twitter that the second phase of Testnet3 (prover POW mining) will officially begin on December 2. Previously, misunderstandings and common trial and error information about the Aleo project were widely spread in the market. In order to help readers better understand Aleo, we have specially compiled the following questions and interpreted them:
● There are many people selling Aleo points on the market. Is this reliable? What are the risks?
● What does Aleo use for mining? How can I participate?
● What is CS? What does it have to do with earning Aleo points?
● There are many types of Aleo mining machines on the market, how should you choose? What are the reference standards?
● What is the estimated price for Aleo to be launched online? How many Aleos are expected to be mined per PPS in the third phase of the testnet?
1. There are many people selling so-called Aleo points on the market. Is this transaction reliable? What risks exist?
The Aleo points on the market mainly refer to the “points” of Testnet2 (mainly based on CPU competition) conducted by Aleo in the first half of the year. It should be noted that Testnet2 is not the same network as the current Testnet3, so the points from the second test cannot be used in the third test, nor can they participate in POS verification node staking. At present, the official has made it clear that the points obtained before the second stage of the third test will be cleared. Therefore, regarding the issue of Aleo points, everyone can think about it by themselves.
2. What method does Aleo use for mining? How to participate ?
At present, Aleo mining mainly relies on graphics card mining machines, and it also has certain requirements for CPU. For graphics card mining machines originally used for Ethereum mining, except for graphics cards with better performance, other graphics cards need to be modified before they can be used to mine Aleo. Due to its high CPU configuration, Fil’s packaging machine can be directly used to mine Aleo. Generally speaking , Aleo’s POW mining requires the participation of both GPU and CPU. It can be regarded as an upgraded version of Ethereum POW, which will attract some Ethereum miners to join. Currently, the most cost-effective mining graphics cards on the market include 2080Ti, 3080, 3080Ti and 3090.
3. What is C/S? What does it have to do with earning Aleo points?
The main mining logic of Aleo is to require mining equipment to complete the calculation tasks of FFT (Fast Fourier Transform) and MSM (Multi-Scalar Multiplication) algorithms as required, and generate valid proofs within the specified time. The number of valid proofs completed per unit time is called c/s. This is the only standard for measuring how many Aleo points rewards a mining device can obtain. It is the same as the computing power unit (H/s) of traditional mining such as Bitcoin’s hash calculation statistics. s) are different.
4. There are many types of Aleo mining machines on the market. How to choose? What are the reference standards?
No matter what configurations and solutions are available on the market, you should ultimately focus on the CS computing power that the mining machine can actually generate, because the final Aleo point reward is only related to the CS computing power generated by the machine and has nothing to do with other factors. Therefore, whether it is a dual-card machine, a four-card machine, a six-card machine, or an eight-card machine, no matter how complex the configuration is, investors only need to pay attention to the investment cost and income per cs, which can filter out the noise in the market. Simply put, mining can be viewed as a business that calculates the input-output ratio. Just choose the most cost-effective device. However, factors such as the stability and brand of the equipment need to be considered when choosing, and these factors may lead to price differences. Purchasing an Aleo mining machine is relatively simple, but be sure to prepare a site to run the equipment before purchasing to avoid the situation of buying equipment but having nowhere to run it.
5. What is the expected price of Aleo after it is launched? How many Aleos are expected to be mined per CS in the third phase of the testnet?
The simplest prediction method is to refer to Aleo’s Series B and Series B+ financing costs, which are roughly around 1.5U. It is estimated that there will be approximately 60 million unpledged coins in the hands of VCs in the first year. Aleo’s total financing amount is approximately US$300 million. Assuming that the VC’s goal in the first year is to recover capital, the bulk shipment price of approximately 60 million unpledged coins should be no less than US$15, and the price may need to be raised to US$60 first. The above is shipped gradually to ensure the safety of control. Therefore, by launching 36000C/S on the Aleo mainnet, you can get about 20 Aleos every day, and the value of ALEOs obtained in a month will reach about $36,000.
