Aleo at the end of the year was a big event in the blockchain industry. With the aura of raising more than 200 million US dollars, Aleo attracted much attention when it debuted. Many tutorials were posted online. Even before the incentive test started, it was already very popular. , and everyone thought that the incentive test would start in two or three weeks. Unexpectedly, the official responded and started the incentive test directly on December 2. At the same time, the token distribution details were also announced!

To put it simply, in one sentence, less money means more things. According to Grumpy Rabbit’s previous estimate, if the price of a single token is 2u, there will be nothing to do in participating in aleo, but the cold winter also requires the heat of the graphics card (some people may I really need to put it in the living room for heating), so I rolled it up like this.

 

Next, Grumpy Rabbit will review how hungry the market felt during his participation in aleo.

On the first day, December 2, except for those who used the CPU to participate in the morning and got something, basically most people got nothing. This really made people feel miserable. Finally, someone summarized the first day For the results, the CPU is useless, so consider the GPU directly. And many groups are still full of problems with low GPU utilization or no hoe (relatively speaking, this is the case, but GPU still has advantages).

When everyone started to invest in GPU, the test network collapsed the next day. The whole network was blocked and some people kept complaining. I have to say that this happened when the incentive network was tested last time. It happened again this time. People can't help but doubt the technical strength and level of the project team, but doubts are doubts, and those who should participate should still participate. Most people are waiting for the network to return to normal while waiting for others to come out with a hoe or join the pool to get a share of the pie.

This mentality has indeed been satisfied in the future. The most commonly used hoe solution at present is Damominer. The first hoe to come out is the Linux version. Compared with the win version, the computing power is about twice that of hpool. It’s stable, damominer’s performance is also good, and Yuchi has also opened a pool. Although they opened it before, it was taken off the shelves again due to technical problems.

To sum up, I have to say that aleo is really frustrating.

Next, let’s talk about income. Let’s take 3080 as an example:

If you rent a server, the price per day is at least several hundred, and the final income from sero is 27 yuan. I have to say that this makes people feel speechless, and there is no hope of getting back the money.

And if you participate in aleo, you can get 23 points a day (December 8), which is 4.6 points if you finally switch to mainnet tokens. At this time, if we estimate according to each 2u, it is 9.2u, that is to say, far exceeding the highest sero above.

Not to mention that some people value a single aleo token to tens of U (although we think this is unreliable), which is why aleo can attract many players to participate. In other words, if you are a graphics card player before, then there is a high probability that you will switch to aleo.

But in the end, even if the profit is high, it is still a loss, which has a relatively high probability. We have a conservative valuation of 2u, and some people in the market value it at 5u or 10u. If it is higher, it is not realistic in the short term, so we calculate the full calculation based on 10u, which is 46u per day, which is more than 300 yuan when converted. If you rent a server, there is basically no profit.

If you use your own card, then we calculate based on the current market price of second-hand cards of 3500 to 3080. The machine cost is roughly around 30,000 (because you have to choose a better U), which means that in theory, in 100 days, you can Bai obtained the 8-card platform (actually it will take longer, because the number of participants is also increasing, and it may eventually take 200 days or even 300 days)

If you only participate for one month, your card may have depreciated a bit when the little yellow croaker is sold out. We calculate it based on a depreciation of 10%, so it will be like this

One month later, your 30,000 yuan hardware will only be worth 27,000 yuan, and you will lose 3,000 yuan.

Then you get about 400 points (the difficulty will also increase, this is an estimate)

The final profit may be between 160-800u

After deducting the cost of hardware loss, that is to say, about 5u is just enough to make back the original investment, so there is no win or loss. It's right in the middle of everyone's highest valuation, which means it's not enough to compare with the top but more than enough to compare with the bottom. In this case, it's really not easy to judge. At the same time, this is also a choice that is subconsciously influenced by the market.

In other words, participants may earn hard-earned money at most, but it is not particularly easy to earn. In fact, this situation is also reflected in ironfish. After ironfish installed the graphics card, it was actually very busy until the computing power of the entire network reached a straight line. , which is also the final choice of the market.

Is it worth it in the end?

In the long run, it should be worthwhile. After all, except for aptos and sui, there are basically no such eye-catching projects in the market. Therefore, if it enters the bull market, there is a high probability that 10u will pass. This point There is no doubt that it is worth it in the long run, but it is still difficult to say whether this is the optimal way, because in a bear market, things like breaks are common, so if you want to go in and out quickly , then it is not recommended to participate in depth. If you are very patient, you can try it.