"The key to making money in first-level projects is to reduce costs to the extreme. In the deep waters of hairballing, for the same project, 50% of people lose money and 50% make money. Those who make money must follow the Matthew effect, and 20% of people take 80% of the profits." - whale

io.net is finally over. I have been really annoyed by all kinds of troubles in the past three months. 273 MacMini M2s, with an average of 151 coins per machine (poor maintenance, more on that later, it should be 200+ under normal operation). Taking into account machine wear and tear + site + bandwidth, the cost of obtaining tokens is 0.7U; with a packback transaction volume of 36 million, the comprehensive cost of obtaining IO tokens is 2.1U

Next, we will review the complete process from investment research-decision-making-pitfall-increasing-pitfall-pitfall again in several parts.

“The key to making money in first-level projects is to reduce costs to the extreme. For the same project, the same IO, 50% of the profit is returned and 50% of the profit is earned. The profit must follow the Matthew effect, and 20% of the people take 80% of the profit.”

Therefore, when I entered the market in March, I made full considerations in terms of cost. Thanks to 7 days of research and practice, I tested all feasible solutions with real money, and then selected the solution with the lowest cost and the highest ROI - the physical MacMini M2. (I wrote down the research results at that time here: x.com/yuanch0914/sta…)

At that time, many people rented Tencent Cloud regardless of the cost, and the proxy service started at 500U. I can only say that if you don’t even calculate whether the profit can cover the cost, the primary market is not suitable for you.

Therefore, the final plan for the physical Mac mini M2 has the following considerations:

1️⃣ From the data, CPU is less popular than GPU 2️⃣ Physical machine is a one-time investment to prevent project delays and increased costs (such as cloud services paid monthly) 3️⃣ Considering that too many people use M1, M2 is more cost-effective, so I chose M2 (the unexpected surprise is that M2 can run the second and third seasons while M1 cannot)

🚩Okay, let’s move on to the pitfalls that everyone loves to see🚩:

Pitfall 1: Frequent disconnections. I had over 200 computers and finally connected them all. I saw WeChat: “Whale, I’m disconnected. How’s yours?” I checked and found that 90% of them were disconnected.

Pitfall 2: I often couldn't connect during maintenance, and I thought it was a problem with the ladder, computer, broadband, code, etc. I spent three hours investigating the cause, and then the official announced that it was their problem, and it was currently under normal maintenance and would be back to normal after XX hours.

I was tortured to the point of dreaming that the IO machine was down again, and I was very irritable. Just when I thought I could finally be free on April 25, the official started an indefinite delay mode, dragging it on and on from the end of April, and it dragged on for nearly two months.