Monetizing your computing resources

Saturday, May 23, 2020

Several blockchain applications profess to enable users to monetize various resources, whether it's their unused storage and CPU power, or the tons of data they generate every day. Regardless of whether they will succeed to deliver on their promises or not, these projects highlight one of the problems that haunt the centralized internet. Users are seldom rewarded for the great value they bring to platforms such as Facebook, Google and Amazon Blockchain applications suggest that decentralized alternatives to current services, will give users the chance to collect their fair share of the revenue they generate with their participation in online ecosystems. It's an enticing proposition because it doesn't require users to do much more than what they're already doing: send emails, browse websites, watch ads, keep their computer on.What can you sell?A handful of blockchain platforms enable you to rent your unused storage, idle CPU cycles and internet bandwidth to those who are in need. The premise is simple: You list your resources along with your payment terms on the application and get paid in the proprietary crypto-token of the application when others use them. Purchases are arranged, performed and paid peer-to-peer through smart contracts, bits of code that run on blockchain without the need for a centralized application server.

How are Cumulus1 different?

Cumulus1 similar to its competitors, allows you to monetize your computing assets. Unlike its competitors, we are able to leverage GPU processing power. Whereas the Golems, RNDR, iExecs, of the world, are marketplaces where processing power can be listed and rented by customers. Cumulus1 have an orchestrated network. Where work is processed on a first come first serve basis, with applications apportioned a percentage of the network to complete its task. We are aware that from day one we will not be able to saturate the network with a workload. To ensure our contributors gain maximum value for their time and assets. We are building in an auto-switching profit miner into our software. This will run in a similar manner to Nicehash's application. When the system has no workload from Cumulus1 it will switch back to mining the most profitable coin. Register your hardware for early access to the network.

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Think about it. You are set in the Bahamas, with your smartphone. You hit 2 buttons, you now have a supercomputer within your phone, with fastest internet in the world. The possibilites are endless.