A Bitmain Antminer S15’s power consumption is 1596W. It consumes 38 kW per day or 1149 kW per month. About 120 trillion-140 trillion kW is used on mining cryptocurrencies in 2018, which is equivalent to the power consumption of a medium-sized country in one year. At the same time, price volatility and policy uncertainty would significantly affect the miners’ profits. The SMT mining is completely different. It is not affected by electricity, uses light energy for green mining, does not consume excess energy, has no need for mining maintenance, and has a low entry level. Currently, an average computer can participate in SMT mining, and it will not be just the computers in the future. There will be other intelligent terminals or some essential items that can become network nodes.
SMT mining rules – technical documentation has been released (please copy the link in the browser to view https: //github.com/SmartMeshFoundation/Spectrum/wiki/V1.0.0–Reward). The first round of SMT miner recruitment is about to open, so stay tuned!
Here are the specifics of this week:
The specific work is as follows:
- Perception Network:
1.1 The server: completed the reconstruction of the rpc module.
1.2 The client: completed the integration of the javascript execution engine.
1.3 Started experimenting with integrated business modules.
- Spectrum public chain:
2.1 Integrating the requirements detailed by the business unit into the mining logic.
2.2 Adjusting the data structure and modifying the bugs caused by VRF usage errors.
The specific work is as follows:
- Photon optimization and PMS improvement.
1.1 Optimizing error code for Photon interface, including: general error handling, special interface processing, transaction-related interface processing, etc., support APP optimization interface call logic and accurate feedback to the user.
1.2 Designing the multi-scene classified processing for DirectTransfer, distinguishes direct channel payment in failure scenarios such as offline, no channel, insufficient channel balance, etc. when switching between online and offline. Give correct prompts to improve the accuracy of offline payment transaction feedback.
1.3 Improving the design for PMS business logic, added commission details, and saving all the execution data of all the user delegated operations for subsequent queries.
1.4 Reconstructed the design of the PMS underlying data structure, split the Key-Value data structure into multiple tables, prevent frequent large field updates to the database when receiving user delegation, and improve data storage efficiency.
1.5 Completed the consistent switch between the PMS database and the PFS database, and switch the PMS database from BoltDB to PostgreSQL to improve the overall data interaction performance.
1.6 Designing the classification design for the contract call failures, adding ErrSpectrumContractAlwaysFailed error code to mark the contract call failure operation, so that the App can handle the problems in a targeted manner.
The specific work is as follows:
- Distributed notary BTC cross-chain optimization and functional testing.
1.1 Continue to optimize the BTC cross-chain Lockin and Lockout interfaces, add a fault-tolerant processing design for concurrent transactions, and perform concurrent adaptive adjustments to contract events and service processing to improve transaction stability.
1.2 Optimize the integration of Demo on the BTC cross-chain transaction page, and coordinate and solve problems such as the rotation or self-selection of the web end main notary, the update of cross-chain transaction progress, and the consistency between transaction front-end display and background running status. Enhanced the interactive experience.
1.3 Continue the BTC cross-chain Demo functional testing to test the transaction success rate of the distributed notary BTC cross-chain Lockin and Lockout processes under abnormal scenarios and verify the stability of cross-chain transaction performance.
The specific work is as follows:
- Released iOS version 2.2.0 and Android version 2.2.2.
- Optimized the photon payment network with network/no network experience.
- Sorted the function requirements for the main chain mining function and entered the development stage.
The specific work is as follows:
- Conducted a joint discussion with a public chain development team on the blockchain application. The content involves commodity anti-counterfeiting traceability, trade financing, transaction settlement, asset securitization, contract invoice anti-counterfeiting, public interest traceability, insurance fraud prevention, and big data security.
The specific work of the market is as follows:
- This Tuesday, released the technical documents of the SmartMesh mining.
- On Wednesday, the marketing staff of the SmartMesh Foundation held a Q&A event on SMT mining.
- SmartMesh COO Kent Qian conducted a livestream on Friday night at 20:00. During the livestream, he introduced the latest development of SmartMesh ecology and answered questions about SmartMesh.
- Invited by Manny Pacquiao, SmartMesh founder Henry Wang attended the opening ceremony of the third season of the MPBL Basketball League in the Philippines.
- SmartMesh founder Henry Wang communicated with relevant local personnel about legal procedures to establish the SmartMesh Foundation Philippines Branch.
- SmartMesh will work with a Philippine basketball celebrity to expand the SmartMesh Philippine community and prepare for the Philippines project.
