Hardware implementations gives blockchain mass adoption — Earn money with your idle PC processor
We utilise high tech products on a daily basis, but we don't seem to rank the power of the components of such products. The fact is that certain products are more important than other tech products we use; simply based on the kind of consumer end benefit that they deliver.
Interestingly, there exist a real hierarchy between the components that make up a tech product. At the very top is the hardware — hardwares are very powerful components of a tech gadget. They provide the basis for executing the algorithms imbedded in the software. For gadgets like PCs, gaming computers and consoles, the kind of processor chip (GPU) determine what kind of operating system and application softwares that will be installed. In the ranking of these components and their importance, applications come at the bottom of the rank. However, most of the project teams leveraging blockchain often focus on applying the technology to the software components or developing applications.
Blockchain has wide applicability, but limited reach. And one of the major reason why the technology suffers the problem of wide scale adoption is because the projects leveraging it's utility have limited impact as they have only focus on the software part of the technological hierarchy
Blockchain can attain better adoption if developers focus on hardwares
Public offering of tokens (IEO, ICO, IPO etc) have made it possible for teams with ideas to apply blockchain technology to use cases in developing utility at a massive rate. But the major challenge of mass penetration hasn't been tackled especially while applying blockchain to technological use cases. One of the solutions to pushing blockchain to mass scale utility is by targeting hardware components. Only very few projects have pursued to apply blockchain to hardwares in the past — and like you'd imagine, they've face huge challenges. However, a new project is taking a different approach. Gaimin is targeting the most powerful components of consumer-end products — the processors (GPU) of computers and phones.
Computing Power Requirements
There is a huge requirement for computing power right now as the world is witnessing a global shift to a more digital technology. Here’s a quick glance at just some of the new technologies that are literally entering our lives more each day - and they all need massive processing power:
- Blockchain (required for confirmation and validation of transactions)
- Artificial Intelligence (in all its branches)
- CGI & 3D modeling plus rendering, video transcoding & editing, and image processing
- Augmented Reality, Virtual Reality (and the latest: Mixed Reality)
- Holography
- Big Data; data mining and processing
- Cloud computing
- 3D printing
- IoT (The Internet of Things)
- Advanced scientific computing simulations
- RPS (Robotic Process Automation),
- Hosting & running PaaS, IaaS, and “supercomputer” rental
The solution deployment
Gaimin is a multi-level solution to the growing problems of resources requirement in the global market. The world is fast becoming more reliant on digital technology, and this demand requires vital resources to power it. Currently, the requirement is large scale computing power; and Gaimin aims to solve this problem with most profitable implementation. The project will provide this required computing power to the world — but instead of spending billions of dollars on building the required GPU power, Gaimin is accessing the worldwide gaming community of 1.3 billion gamers.
The market Analysis
Currently, there are more than 1.3 billion PC gamers across the globe with same number of computers. And it is found that approximately 400 million of them have what can be considered as an advanced graphic cards (GPU). These powerful graphic processors have been described by Nvidia CEO as supercomputers. He said that “Every gamer has a supercomputer in their PC”.
Interestingly, each of such advanced graphic processors can typically cost $500 or even more. What this means is that the global community of gamers has approximately $200 billion worth of advanced power computer processing hardware lying idle for an average of more than 15 hours a day.
Deployment of the computing power
Gaimin aims to integrate the gaming community into the supply chain of this solution. The goal is to connect the 1.3 billion gaming PCs in the gaming community that often stay dormant with the globally increasing demand for massive computer processing power. The company has prepared a reward package for the gamers for sharing their GPU. Gamers will be rewarded with GMRX token which can be spent on the Gaimin platform, used to purchase in-game resources or exchanged directly on exchanges.
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It would be great to be able to win with my processor however I think that my equipment is too old to put it to work in this type of mining. I hardly have a Pentium 4, in this sense it is very difficult for me.
But the characteristics of the equipment you mention here is great.
Holla @lanzjoseg
Ordinarily, it would be a difficult case for the kind of processor on your PC . Crypto mining remains too complicated for mainstream market adoption, enabling the over-centralization of hashpower by “super hashpower” miners. This threatens the security and ultimately the entire blockchain when subject to a 51% attack by a malicious user or group.
However; Gaimin has identified that not every PC is running the latest GPU. This in no way stops less powerful systems from enjoying mining, you'll only need to download a simple windows interface and install next-generation software, and fully pre-configured A.I. (Machine Learning) manages everything.
Cheers @kryptarion.
I have seen many proposals that are based on the distributed use of the processing resources of mobile devices and PCs. You can even configure your equipment as a node or master node of any of these networks.
The concept is too disruptive and great.
But the approach that Gaimin takes when convening the global community of players, gives a new twist to this type of proposal.
Thanks for posting on Project Hope. Interesting announcement.
Thank you @juanmolina. And correctly said, the Gaimin team is taking a rather different twist from the approach of the few projects that have tried using blockchain to implement hardware processes.
Gaimin is focused on the gaming community worldwide because of the kind of combined computing power that the community has; and also because gaming is the biggest entertainment section everywhere in the world.
Thanks for your comment
The growth of the gaming community has increased exponentially. Blockchain has a giant challenge in this regard.
True. The gaming community is growing like wildfire. And blockchain is really stepping up to the task. Many interesting and high value games with amazing reward structures are being deployed on the blockchain recently.
That's right, many games are proliferating on blockchain platforms.
The weakness that I find so far is the lack of graphics, RPGs aren't really "of presence" (the original concept of RPG has been reformulated) and this is precisely what most gamers are looking for.
Your are correct, blockchain games still lack the ''wow graphic''. Few on EOS is cool. But developments are breaking grounds daily. I'm rooting for future deployments to utilise more graphic and VR.
What is the reason that limits the implementation of graphics?
Maybe it is related to the latency of blockchain networks?
You see @juanmolina, when a blockchain game becomes popular (such as CryptoKitties has), maintaining its operation could require hundreds of thousands (and in some cases, even millions) of transactions.
To put it simply, there isn’t an existing blockchain that is able to maintain that type of load on-chain. When CryptoKitties first launched, it occupied a significant portion of the total transactions on the Ethereum blockchain. Due to this, transaction costs continued to rise, and when the game reached its peak of popularity, it pretty much rendered the entire Ethereum blockchain unusable.
Video games, like any major project, require a lot of operations going on in tandem, from concept, to development and beyond. The gaming system needs to have adequate enough processing power to render the graphics, meanwhile, the gaming system needs to able to seamlessly execute any actions the player wants to make. It's incredibly easy to fall short of this, exasperating and even resulting in players swearing off a game entirely, we see it in the mainstream gaming world all the time.
It is this complex structure that explains why most blockchain games are relatively simple in-game style from architecture to playing them. Many blockchain games operate with relative similarity to casual mobile games that we've seen in the past and present when it comes to their gameplay and appearance.
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@tipu curate
I tried mining with cryptocurrency one time with a GPU with my pentium 4 Desktop and it was a nice.
It's interesting @frederickbangs that you've actually mined and you enjoyed it. For few reasons mining is difficult on mobile, however it's more encouraging using real computers.