Source: DODO Research
Every round of bull market has new narratives to speculate on the new rather than the old, and the most potential in this round is definitely the AI-related narrative. This stock The AI craze has spread from Web2 to Web3. Various AI-related projects have sprung up one after another. Among them, the project of shared GPU decentralized cloud computing has been favored by venture capital institutions, which combines the most traditional hardware of the blockchain. The mining gameplay has successfully combined the two concepts of Depin + AI, allowing blockchain decentralization to keep up with the AI craze.
This week’s Cryptosnap Dr.DODO will introduce to you three early projects of GPU mining and decentralized cloud computing that retail investors can also participate in. Let’s ride on this wave and participate together. .
The first io.net to be introduced is a decentralized DePIN project based on Solana, focusing on Providing GPU computing power to AI and machine learning companies. Founded by Ahmad Shadid, it originated from his idea to reduce costs when building a GPU computing network for his machine learning quantitative trading company Dark Tick in 2020. After the launch of OpenAI's ChatGPT, Shadid realized that this network could Provide AI/ML companies with the massive computing power they need.
io.net aims to build the "Internet of GPUs" to solve the shortage of GPU computing power caused by the AI boom. The computing power of the platform can be used for parallel processing workloads such as model training, batch inference, hyperparameter adjustment, and reinforcement learning. It brings together idle GPU resources from data centers, cryptocurrency miners, and other sources, and automatically handles task scheduling, organizational planning, and resource expansion. This allows R&D teams to perform the required computing work on distributed computing resources without worrying about the limited availability, high costs, and poor setup choices that are common with public cloud services. Recently, io.net launched a reward program called "Ignition". From March 1 to April 28, points will be awarded based on the number of GPUs users supply to the network. For details on how to provide computing power, please refer to the official documentation. teaching. Although the article does not clearly state whether the rewarded points can be redeemed for io.net’s platform token IO token, CEO Shadid said that the IO token will be issued on April 28.
Source: io.net
The second project to be introduced is also the DePIN cloud computing project running on the Solana chain - Gaimin. It was founded by the e-sports team gaimin gladiators team. Different from the io.net general-purpose GPU decentralized network, Gaimin Starting from the gaming field, the goal is to combine cloud computing power and gaming platforms to build a dAPP that can also provide services such as game downloads and logins, and can rent out the GPU computing power of its own hardware when idle so that players can receive additional rewards. And it uses the high-performance GPU computing power of most players to build a decentralized distributed supercomputing platform gaimin.cloud, which can provide customers with data processing services such as video rendering, AI deep learning, and blockchain computing power. Gaimin announced its plan for an L2 game public chain last week. It will build an L2 public chain using opBNB Stack technology on BNB and cooperate with MovementLab to use Move technology to achieve a throughput of more than 150k TPS, reduced latency, and the lowest Gas costs and enhanced user experience for Web3 games.
In terms of tokens, players can already earn blind mining of $GMRX tokens by downloading and installing the Gaimin Windows application. For details, please refer to the Q&A on the official website. At present, the tokens are not yet online. It is expected that IDO fundraising will be held on Seedify from 3/21 to 3/22, and the token distribution is as shown below. Currently, the official launch of a Gaimin Gladiators NFT, holders can obtain $GMRX by staking the NFT on the Gaimin platform. airdrop.
Source:https://assets-global.website-files.com/63d5b026b0a17e3e59e9aefb/65bbdaf57204114d0fee4da0_Summary_Gaimin.pdf
The third project to be introduced is Heurist. Unlike the above two projects, Heurist is more community-based projects and has not yet announced its team background or capital financing. Therefore extra attention to safety is required. Heurist is an L2 public chain built on ZK Stack for AI model hosting and inference. It takes advantage of ZK Stack's scalability, customization, security, interoperability with other chains, and future-oriented architecture to create A blockchain specifically optimized for AI model hosting and inference. A decentralized AI infrastructure network has been implemented, and users can obtain AI model inference services such as text generation and image generation on a pay-per-use basis. The goal is to allow anyone to contribute resources or models and benefit from the open AI infrastructure network, thereby achieving decentralized and democratized access to AI, and any user can seamlessly integrate into themselves through the AI functions in Heurist in the application. Retail investors can earn or consume tokens $HUE by becoming network participants through their respective roles. For example, miners earn fees and token distribution by hosting AI models, model creators receive part of user payments, and application developers receive a certain percentage of fees. , validating nodes are rewarded by checking data integrity. The Heurist project is still in its early stages. Unlike io.net and Gaimin, Heurist is not a platform for renting out computing power. Instead, it uses users’ computing power to run specific LLM learning models. Heurist is currently conducting its incentivized test network. If you want to use its AI model services, you can apply for API access.
Source: https://www.heurist.ai/
For readers who have idle GPU computing power and a small amount of funds, the author believes that participating in such GPU mining projects is a very good way. Currently, most mining in the currency circle is quite Volumes, such as Blast or EigenLayer, it is quite difficult for small retail investors to make a profit by pledging ETH to obtain airdrop rewards. It is more like a game for big whales, while GPU mining is like the early POW chain, which can make a big difference with small things. space exists.
The author believes that this type of Depin + AI computing power mining projects will only increase in number this year. Everyone will definitely want to get involved with the most popular AI, and the amount of funds is not large. Readers can look for this type of GPU mining projects and they may get unexpected surprises.
The ZK coprocessor can be seen as an off-chain computing plug-in derived from the concept of modularity, similar to the GPU in traditional computers, which offloads graphics computing tasks from the CPU and handles specific computing tasks.
JinseFinanceIn the current GPU-as-a-Service market, Aethir dominates with the most GPUs, the most A100s and H100s, and the lowest hourly rate for A100s. They have $24 million worth of rendering equipment in 25 locations in 13 countries.
JinseFinanceAs the Aethir GPU DePIN system continues to grow, the ecosystem is expected to continue to create a new paradigm in the field of DePIN GPU computing infrastructure and reshape the landscape of cloud computing.
JinseFinanceIONet mining tutorial under Windows system: detailed steps.
JinseFinanceOn March 6, Solana ecological DePIN protocol io.net announced the completion of a $30 million Series A financing. io.net stated that the funds raised will be used to build the world's largest decentralized GPU network and solve the AI computing shortage problem.
JinseFinanceAIGC, IOSG｜GPU supply crisis: The road to disruption for AI startups Golden Finance, as the supply of new GPUs tightens, where does blockchain play a role?
JinseFinanceThe meteoric drop in GPU prices opened up a small window of opportunity for small-time miners to procure a piece of more powerful and efficient mining equipment.
CointelegraphData shows GPU prices have continued to go down recently as Ethereum mining profits have been observing a decline. GPU ...
BitcoinistTimes are hard for Bitcoin and other cryptocurrencies, but gamers are in luck, as GPU prices are now more affordable.
Cointelegraph“This quarter, we saw significant improvements in the energy efficiency and sustainability of Bitcoin mining, a trend that will continue,” said MicroStrategy founder and CEO Michael Saylor.
Cointelegraph