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Author Topic: Coinlab - Peta Scale cluster  (Read 1243 times)
Herodes
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March 23, 2013, 07:56:59 AM
 #1



Can anyone shed some light on what this is ?

http://coinlab.com/computing

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The Bitcoin network is the largest distributed computation cluster in the world. We help it's members provide their computation ability to the highest bidder.

CoinLab's technology can access that computation for other tasks. We've been written up in The Irish Times, HPC Wire, and Forbes.com, (to name a few) highlighting our ability to access and leverage this emerging computation market.

Do you have an HPC Problem that requires sustained petascale computation? Let us know so we can help.

This doesn't make sense to me, does it make sense to anyone else ?
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aquarius
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March 23, 2013, 08:26:53 AM
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Rent a Petascale Cluster For as little as $80 per hour


hmm.. wonder how much equity you gain, if any?
Herodes
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March 23, 2013, 08:33:47 AM
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Rent a Petascale Cluster For as little as $80 per hour


hmm.. wonder how much equity you gain, if any?

I was more thinking in terms of technical solutions ? I was under impression they had a limited crew ? And the Gox transition is delayed, why not try to make one thing right, and not do several things at once ?

Also, how on earth can they 'leverage' the bitcoin network, would that not require change to node-software ?
aquarius
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March 23, 2013, 08:36:52 AM
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Rent a Petascale Cluster For as little as $80 per hour


hmm.. wonder how much equity you gain, if any?

I was more thinking in terms of technical solutions ? I was under impression they had a limited crew ? And the Gox transition is delayed, why not try to make one thing right, and not do several things at once ?

Also, how on earth can they 'leverage' the bitcoin network, would that not require change to node-software ?

to be honest, it does not make any sense to me either.. maybe someone comes along with a good argument for this..
odolvlobo
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March 23, 2013, 08:39:11 AM
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This was the original business for Coinlab. As I understand it, they would organize spare GPU capacity (a result of ASICs coming online) and sell it, giving a cut to the GPU owner.

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Herodes
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March 23, 2013, 08:41:15 AM
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This was the original business for Coinlab. As I understand it, they would organize spare GPU capacity (a result of ASICs coming online) and sell it, giving a cut to the GPU owner.

Aha - that makes sense. It still doesn't explain how they can 'leverage' the bitcoin network. Wouldn't those wanting to participate in said network need to install special software for exactly that purpose ?

Also, there was mentions about press articles, what about linking to said articles ?
philips
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March 23, 2013, 08:43:00 AM
 #7

https://bitcointalk.org/index.php?topic=99643.0
Herodes
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March 23, 2013, 08:44:26 AM
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http://www.hpcwire.com/hpcwire/2012-10-09/digital_gold_rush_powered_by_gpus.html

I guess I've just become a tad too jumpy after all the scams in the bitcoin community since I joined in 2011. I distrust everyone and everything, untill I've understood it. Wink

philips: Thanks for that link!
philips
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March 23, 2013, 08:58:34 AM
 #9

Well, while not a scam the whole HPC work part didn't took off sadly. From what I understood they didn't found clients.
The HPC software (made by ckolivas) is ready though.

Quote
Our HPC Client is complete and deployed with our game partners now.  However, it only gets 85-90% of the hashrate that cgminer can. 

We haven't launched a version of the client on the Protected Pool because we don't currently have paid HPC work units online.  It still looks like we're a month or two away from finalizing the deals and getting these jobs online, at which time we'll be asking everyone to make the switch.  Until then, we'd prefer you all keep hashing with whichever software gives you the highest hash rates.

Sorry for the delays!  It seems like our offering is different enough from existing competitive services that most HPC software needs some revisions to work in the Bitcoin mining world, and this has slowed us down a bit.  HPC customers usually expect perfect uptime and full control over the machine/instance, so we're working to change the way they think about their problem: that paying one quarter of the gpu-hour price of competitive services, but renting twice the number of machines, will cut the price of HPC compute in half while still having the redundancy to deal with limited uptime and incomplete work units.

If you know someone who is interested in renting hundreds of GPUs and running OpenCL or CUDA kernels across them all simultaneously, PM us and we may be able to work out a commission or finders fee.   
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