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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: R1dwanRz on August 09, 2024, 03:14:11 PM



Title: Is this future of earning crypto through GPUs?
Post by: R1dwanRz on August 09, 2024, 03:14:11 PM
In this century, almost every household has a PC or laptop these days, and most of them have GPUs with untapped processing power just sitting there, which I believe they can use it to rent their GPU to earn crypto.

Now this is a recent advancement in crypto blockchain that made this possible. i believe there are many projects requiring individuals to contribute their unused GPU power for people to rent. so I got interested in NetMind power project, which allows GPU power to earn their NMT tokens, although the project is in early-stage, just recently got partnerships with major cexs like Bitget to be listed tomorrow. so I can see through the dicussion on their TG group, imo this is good starting renting out GPU to earn.


But don't get me wrong guys. I believe in the future, GPU will be more powerful than current ones now. And it will make more mining efficient and earn more rewards.


Title: Re: Is this future of earning crypto through GPUs?
Post by: avikz on August 09, 2024, 04:52:58 PM
Well, not talking about this specific token but I like the idea of renting our GPU power. I will explain why!

All AI algorithms, need raw GPU power to work. The world is full with talented people who can build Ai algorithms but it is very expensive to run. This is a major blocker for many talented individuals to build and run their own AI application. For comparison, I have tried to Run Fooocus Ai in my laptop and it took around 65 seconds in average to generate 4 images at one go. Mine is a high config laptop with 8 GB of GPU. So you can understand how GPU intensive the AI applications are, especially when thousands of people across the world are trying to run the same application at any given point of time.

I think this kind of decentralized GPU system can revolutionize the Ai application industry and make it accessible to everyone. The cost is a major factor here. So if the decentralized GPU system is able to keep the costs low, that will be a great help.

Please note, I am not talking about this specific token. I am only talking about this idea.


Title: Re: Is this future of earning crypto through GPUs?
Post by: passwordnow on August 09, 2024, 05:24:38 PM
In this century, almost every household has a PC or laptop these days, and most of them have GPUs with untapped processing power just sitting there, which I believe they can use it to rent their GPU to earn crypto.
There are G series from AMD that has an integrated GPU from its CPU, it's cheaper and I believe that most that are in the average neighborhood would love to have that as an alternative instead of having a GPU.

Now this is a recent advancement in crypto blockchain that made this possible. i believe there are many projects requiring individuals to contribute their unused GPU power for people to rent. so I got interested in NetMind power project, which allows GPU power to earn their NMT tokens, although the project is in early-stage, just recently got partnerships with major cexs like Bitget to be listed tomorrow. so I can see through the dicussion on their TG group, imo this is good starting renting out GPU to earn.
There are pools and platforms like nicehash that will easily rent the GPU that you have. If you are keen about that project, I guess that is because you're working with that exchange instead of that project. Well, there's the obvious but for someone who's got GPUs that are ready to use for mining, there are other better platforms.

But don't get me wrong guys. I believe in the future, GPU will be more powerful than current ones now. And it will make more mining efficient and earn more rewards.
When the market is dominated again by coins that can be mined by GPU like last time with ETH, there has been a shortage of GPU and the miners were to blame. But this time, I am not sure if the GPU mining is still quite profitable but I guess so.


Title: Re: Is this future of earning crypto through GPUs?
Post by: o48o on August 09, 2024, 07:24:05 PM
In this century, almost every household has a PC or laptop these days, and most of them have GPUs with untapped processing power just sitting there, which I believe they can use it to rent their GPU to earn crypto.

Now this is a recent advancement in crypto blockchain that made this possible. i believe there are many projects requiring individuals to contribute their unused GPU power for people to rent. so I got interested in NetMind power project, which allows GPU power to earn their NMT tokens, although the project is in early-stage, just recently got partnerships with major cexs like Bitget to be listed tomorrow. so I can see through the dicussion on their TG group, imo this is good starting renting out GPU to earn.

But don't get me wrong guys. I believe in the future, GPU will be more powerful than current ones now. And it will make more mining efficient and earn more rewards.
So what? You are renting your GPU or mining NMT with it?

What ever is the case, imho it makes sense with GPU rigs, but i don't understand why people want to sacrifice their work/house computers for that. I am certain that you realize that constantly using that GPU for mining shortens the lifespan of said PC or laptop. And top of using electricity, you don't even have any idea if that's NMT is going to be worth anything at the end.

And renting your hashpower has existed since i started long time ago.