Posts Tagged ‘BOINC

When crypto mining profit is low a lot of people either turn off their GPU mining rigs or start to mine higher risk altcoins in order to possibly realize higher profit from them in the near future. There is however another option available and that is to rent your computing power to various services that use the resources for other things such as game rendering and streaming, video transcoding, 3D model and scene rendering, machine learning and artificial intelligence or password cracking or even large data processing and so on. There are a number of such services already available and while they may still not have enough customers or pay as much as crypto may in booming period, when you are barely covering electricity costs they may be a good alternative choice.

Alternative computing services however do come with more strict requirements for the hardware you are going to be renting for processing different kinds of data and you need to carefully read the requirements first. Specific requirements may ask that you have just one or two video cards on 8x or x16 PCI-E slots (x1 extenders are not Ok) for gaming where bandwidth of the PCI-Express slots is very important and more than two GPUs aren’t usable. Having a mid-range quad-core or better CPU may also be required in some cases where the processor is also being significantly loaded when processing large amounts of data with the GPUs or at least 8GB/16GB as a minimum or more system memory to be available. Most of these services may require specific GPU type for Example Nvidia CUDA or AMD OpenCL, so they may not be open to everyone depending on the used mining hardware. You may need to install specific operating system, including special Linux-based distributions or a special client software that is available for multiple OSes and such. So do make sure you do a proper research on what you need for each service.

Here are a few interesting paying alternatives to get you started:
Golem Nework for Rendering…
Vectordash for Remote Gaming…
VastAI for Deep Learning and AI…

Some options to contribute GPU computing power for free:
SETI@HOme
BOINC Science
FOLDING@HOME

gridcoin-scrypt-coin

GridCoin is a new peer-to-peer internet based cryptocurrency that aims to provide real benefits to humanity by compensating the coin miners for participating in BOINC projects that may lead to advances in medicine, biology, mathematics, science, climatology, and astrophysics by concentrating a large percentage of the computational power towards BOINC research – instead of generating unnecessary heat and wasted power for the proof of work algorithms required to keep the coin network running.

It is estimated that bitcoin is using approximately 23,312 megawatt hours per day of electric for block solving algorithms. The aim of the gridcoin project is to shift the computational power primarily to Boinc projects while the mining operations become a second priority – so as the network is scaled up, Boinc utilization is scaled up in tandem.

The coin miners will be rewarded with a small token subsidy if they fail to mine Boinc shares, but a much larger subsidy when mining with Boinc. This digital cryptocurrency allows instant peer to peer transactions, worldwide payments and very low processing fees. The source code is open source and allows everyone to take part in the success of the currency.

Gridcoin is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware, therefore is not as likely to be replaced by specialized ASIC mining chips in the future. Gridcoin provides faster transaction confirmations (2.5 minutes on average) and uses memory intensive scrypt-based proof-of-work algorithms to verify transactions.

Website
http://www.gridcoin.us/

Block Explorer / Crawler
Not Available.

SPECIFICATIONS

  • Scrypt Algo
  • Re-target difficulty: 30 minutes
  • 2.5 min block targets, for quick confirmations for merchants.
  • Block reward: VARIABLE:    5 to 150 subsidy.    5 is rewarded if you mine with a miner like cgminer without Boinc running on the machine, 6-150 if you mine with boinc running, you will receive a calculated subsidy based on boinc utilization.
  • Total coins: ~168 million (est.)

DOWNLOADS
Online Staking Wallet
Windows

Source Code
at GitHub

PORTS

  • RPC Port: 9778

POOLS
Not Available.

EXCHANGES
C-cex


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