Sep 6, 2021
Comparing Torah with BTC and ETH incentive layers, Torah’s mainstream public chain potential is outstanding!
The world’s first decentralized storage ecological application public chain that enables distributed energy management — Torah
Comparison of mining principles
The output of BTC uses the SHA-256 encryption algorithm, so there are two types of rewards during the mining process:
1. New currency rewards for creating new blocks;
2. Transaction fees for transactions included in the block.
In order to get these rewards, miners are vying to complete a mathematical puzzle based on cryptographic hashing algorithms, that is, using Bitcoin mining machines for hashing algorithm calculations. This requires strong computing power, how much calculation process, and the calculation results are good. Bad as a proof of the miner’s computational workload. This consensus mechanism that determines the distribution of rewards based on workload is called Proof of Work (POW).
Ethereum uses the Ethash encryption algorithm, which is version 2.0 of the blockchain created by V God on the basis of the Bitcoin network, allowing participants to use smart contracts on the Ethereum network for value exchange and information exchange. The time interval between each block is about 13 seconds.
ETH is mining based on memory, not computing power, so the cost of running this type of algorithm is much lower. Ethereum later completely changed its original mining algorithm to Casper. Casper will gradually become a “Proof of Stake” (POS) mechanism. The amount of ETH held is used to determine the miner’s rights and interests in the Ethereum network. With more and more participants, Ethereum is becoming more and more congested. Complete technological innovation is imminent. This is not just about improving the computer. Computing efficiency and memory read efficiency can solve the problem.
Torah mining is a POC mining that Torah Labs launched the concept of blockchain-enabled energy management. It parallelizes the workload proof functions involved in the incentive layer and decomposes them into TorahCloud for operation. With the help of the huge computing power, broadband, memory and other resources in the network, the generation of blocks is bound to the physical law that the storage density of storage devices cannot be increased indefinitely, thereby limiting the generation of blocks and ensuring the security of the blockchain. Finally, the entire blockchain reached a consensus.
Comparison of software and hardware differences
BTC mining is actually a competition for computing power. As a result, the mining authority of the Bitcoin network depends entirely on the performance of the mining equipment. This has also long looked at the internal volume of the Bitcoin mining industry, constantly updating its chips and performance.
Ethereum’s Ethash encryption algorithm is “ASIC-resistant”, but Ethereum assembly machines have relatively high requirements for electrical stability, and unstable power will cause relatively large losses to the machine.
Torah mining machine is essentially a data storage service device. Torah mining machine does not require too high computing power, but requires a large storage space. The density of hard disks per unit of space should be large, and the more hard disks, the better. At the same time, the read and write performance of the data memory should be high, with a high bandwidth channel. Due to the special requirements of data storage, Torah mining has the advantages of stability, not easy to damage, high efficiency, low cost, fairness, and high profit.
Differences in external conditions
Under the POW mechanism of BTC, mining power consumption is high. The graphics card “mining” requires the graphics card to be fully loaded for a long time, the power consumption will be quite high, the electricity bill will be higher and higher, and the high energy consumption will inevitably bring more carbon. Emissions. With Bitcoin’s 4-year halving plan, the cost of BTC mining will become higher and higher. At the same time, the involution of the performance and power consumption of the mining machine will also increase energy consumption, which will also have an impact on global carbon emissions and it will get bigger and bigger.
ETH mine is also more suitable for providing low-cost energy due to its large power consumption. The mine has high power stability requirements and high environmental requirements. If the computer is restarted after shutdown or the network fluctuates, the computing power will generally be lost, which will increase the workload of on-site operation and maintenance. The hardware and software of the Ethereum graphics card mining machine is highly complex. Frequent power outages will cause the damage rate of various parts of the mining machine to increase. After the power supply is restored, the debugging time of the graphics card mining machine is also longer than that of the ASIC mining machine. The operation and maintenance ability is directly related to The income of graphics card miners. The hardware and software of the graphics card mining machine are complex, and the maintenance is more difficult. It requires professional operation and maintenance personnel to maintain and debug. The computing power of the graphics card mining machine is not as stable as the Bitcoin ASIC mining machine, and it takes longer to debug the mining machine. The machine will enter a relatively stable state after complete debugging.
Torah is a new mining model with low mining threshold, energy saving, environmental protection and low carbon. It does not require excessive calculations. It consumes less power, is more energy-efficient, has a low participation threshold, mortgage mechanism, and ASIC resistance, so there will be no consumption. The problem of excessive loss of performance and hardware. Torah is working hard to achieve encryption and carbon neutrality, leading the web3.0 ecological development.
Income difference
The issuance of BTC and the completion of transactions are achieved through mining, which is minted at a definite but continuously slowing rate. With the increase of mining participants, the number of competitors for a fixed number of minerals per day is also increasing, and the average mining revenue is generally lower than that of other public chains.
The bandwidth capacity and stability requirements of the Ethereum mining network are also higher. Because Ethereum mining has relatively large profit margins, mining itself is more difficult and relatively higher barriers to entry.
Torah has enough hard disk space for mining machines and high-speed network bandwidth. The more nodes in the whole network, the best profit effect. Since the energy consumption of Torah equipment is not high, and the demand for electricity is not high, Torah uses the size of the hard disk space of the computer instead of the computing power of the computer. The larger the capacity of the hard disk, the more program values that can be stored in the hard disk. , The more opportunities for miners to get high profits from it.
Torah empowers distributed energy sharing and combines distributed and intelligent contract system functions to establish distributed energy transactions, data management, information security and other scenarios, providing strong technical guarantees for distributed energy sharing, achieving encrypted carbon neutrality, Energy saving and emission reduction, and promotion of global energy management.
Torah breaks through many limitations of POC, not only provides powerful incentive schemes for miners, but also provides end-to-end seamless high-quality low-cost persistent storage and network acceleration solutions for users of original centralized storage. Formulate the blockchain storage protocol BSP, build an open platform for blockchain storage, provide reliable, cheap, large-capacity, high-performance decentralized storage for DAPP, provide core capabilities for other blockchain storage systems and share the effect of deduplication and amplification .
VP (Vortex Protocol) is Torah’s only official designated circulation token. The total global issuance is 102.4 million. At present, except for the 2,400,000 VP which is a time-space proof competition, the other 90% are from mining output, and users can pass Staking, broadband, and mining machine server methods for mining. There is news that the Torah testnet will be launched in the near future, and a large number of mining institutions around the world are also actively deploying the Torah head mine.
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