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.