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Author Topic: [ANN][ICO] SONM: Supercomputer Organized by Network Mining  (Read 317574 times)
rebel.salesman
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March 27, 2017, 10:14:43 PM
 #1
















SONM is a decentralized worldwide fog computer for any general purpose computing ? from site hosting to scientific calculations.

The purpose of SONM project is to replace hash-based traditional cryptocurrency mining, which now dominates the blockchain community.






Buyers of computing power get a more cost-efficient solution than cloud services
(Amazon, Microsoft, Google Cloud, Digital Ocean etc.) can offer.


We use fog computing instead of cloud, so there is no more need to pay in advance for private and monopolized cloud computing.
Since SONM is fully decentralized, there is no centralized authority that regulates computing resource distribution.



If you are a miner or computational power owner, SONM is a great opportunity
to use your equipment for some useful calculations and proceeding real tasks.


SONM fog computing platform is a fresh start for solo mining. There are lots of miners whose GPU mining farms
are now useless due to the increased Proof-of-work mining difficulty (even for altcoins).

In recent years, being a part of a mining pool has been the only way to guarantee profit from mining.
However, even in doing so, this profit is so small that sometimes it doesn't even cover the cost of electricity spent for PoW mining.

SONM platform gives the miners a profitable solution.

With SONM you will stop burning your kilowatts for PoW mining and start serving calculations for the distributed World Wide Web.
For those who are confused by difficulty bomb or Ethereum (and many others) PoS-migration, SONM suggests to miners the most
profitable applicationsand tasks for his hardware. CPU, GPU, ASIC, even gaming consoles
and smartphones can be used for SONM fog computing.

All you need is to set up a mining client application and run it.



Read the SONM Whitepaper with detailed description of the technologies, architecture, roadmap,
and all the other essential technical information about the platform:



Read the SONM Business overview with detailed description of the SONM marketing and financial model,
distributed computing market analysis, SNM token allocation structure, etc:





From a technical point of view, SONM is a top layer of underlying P2P technologies – BitTorrent for data transfer,
Cocaine Paas platform as a decentralized computing technology, Ethereum Smart Contracts as a PoE (Proof of Execution)
and consensus system, BitMessage for communication etc.


There is no central control behind the system and no backdoors or escape hatches.
Several existing technologies were combined and modified by our developers to make a new GRIB (GRID+Blockchain) technology.


SONM is the Multi-agent system, so each user will able to use intelligent agents and smart-contracts to maximize the profit.
You can set up automatization level from choosing of every project manually to one-click settings. The SONM system will then
automatically pick the most profitable project for your equipment, work with it and receive payouts to your personal Ethereum address.


SONM has been developed to be Self-learning and totally safe for its users.

Our system supports anonymity tools like proxy, VPN or TOR, but it can't be used as a hacker dream toolkit.
Intelligent agents are able to self-educate using neural networks and keep malicious users out of the system,
while at the same time providing
most efficient task solution - both for miners and computational power buyers.
Also, SONM computing power exchange has the properties of the free market, so malicious hubs and users will
shortly be ignored by buyers and miners due to their bad reputation.


In summation, we expect SONM to be the smartest, the cheapest and the largest decentralized computing system
with strong rules regarding morality and loyalty, due to SONM’s reputation system and self-learning neural network.

Flowchart of client-hub interaction process:



Flowchart of "miner-hub" messages exchange:



Read the SONM Whitepaper to get comprehensive information on SONM system technology,
protocols used and the technical roadmap/timeline:








SONM platform uses a token of the same name – SONM (ticker: SNM).

Token account is a core component of SONM, and it is designed to ensure flexibility and control for the future evolution of the project.
Tokens will be created during the Pre-ICO and ICO. Total supply of SNM will be limited to the amount of tokens created during crowdfunding
period. SNM tokens will be used by the computing power buyers to pay for the calculations using the smart-contracts based system.

SNM is a token issued on Ethereum blockchain. Its design follows widely adopted token implementation standards.
This allows token holders to easily store and manage their SNM tokens using existing solutions including Ethereum Wallet.

SONM project crowdfunding (Pre-ICO and ICO) and SNM token creation will take place using Ethereum smart contracts.
Participants willing to support SONM project development will send ether to specified ethereum smart contract address,
creating SNM tokens by this transaction at the specified SNM/ETH exchange rate.


Read the SONM Business overview with detailed description of the SONM marketing and financial model,
distributed computing market analysis, SNM token allocation structure, etc:






You can find the detailed description of the SONM ICO terms and financial model in the project Business Overview document (section 3).


SONM ICO details: https://sonm.io/sonm-ico-details/
Date of the SONM ICO start: 15/06/2017


We'll use escrow with multisignature wallet and escrow to ensure safety for all the ICO participants.

ICO SNM tokens exchange rate will be 1 ETH = 2824 SNM.


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moroseneng
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March 27, 2017, 10:16:21 PM
 #2

I'll do Indonesian translation if needed


 
 
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March 27, 2017, 10:16:45 PM
 #3

Great project!
What about signature company and other bounties?
Can I reserve for Russian translation?

Мой канал в Telegram: https://t.me/encryptmymoney
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ICO? Not even once.


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March 27, 2017, 10:18:18 PM
 #4

"Pre-ICO"

Way to make people feel special before ripping them off.
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March 27, 2017, 10:18:35 PM
 #5

Amazing !!! I like it !
gold969
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March 27, 2017, 10:39:56 PM
 #6

SONM platform gives the miners a profitable solution.
With SONM you will stop burning your kilowatts for PoW mining and start serving calculations for the distributed World Wide Web.  For those who are confused by difficulty bomb or Ethereum (and many others) PoS-migration,SONM suggests to miners the most profitable applications and tasks for his hardware. 

Next you write


In summation, we expect SONM to be the smartest, the cheapest

It's good that for every taste and is profitable and cheap?
There are still questions, I will watch this thread

davide72
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March 27, 2017, 10:44:14 PM
 #7

hi dev i am interested to tranlsate to italian languange could you reserve it to me? thanks

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jimlite
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March 27, 2017, 10:57:14 PM
 #8

Sorry. You have to show actual mining software before ANYONE is going to take you seriously.
You say just use your Computer, Playstation, Phone to start mining!
WELL, HOW? WHERE IS THE SOFTWARE? That is a bold claim with Vaporware.
Post the software and github links so we can see you are not a pure scam.
Your whitepaper is 20 pages of crap and no where does it even say what algo all these devices will be
mining. It seems you are heavily into ETH, but do you really think a cell phone or playstation is
going to mine dagger? Put some specifics into the whitepaper about the mining instead of pre-funding
and then funding a vaporware ICO.

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btvGainer
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March 27, 2017, 11:12:16 PM
 #9

I have already reserved Hindi translation,Kindly inform me when I can start working on it.Thanks

gold969
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March 27, 2017, 11:18:48 PM
 #10

Sorry. You have to show actual mining software before ANYONE is going to take you seriously.
You say just use your Computer, Playstation, Phone to start mining!
WELL, HOW? WHERE IS THE SOFTWARE? That is a bold claim with Vaporware.
Post the software and github links so we can see you are not a pure scam.
Your whitepaper is 20 pages of crap and no where does it even say what algo all these devices will be
mining. It seems you are heavily into ETH, but do you really think a cell phone or playstation is
going to mine dagger? Put some specifics into the whitepaper about the mining instead of pre-funding
and then funding a vaporware ICO.
Maybe I'm wrong, this project is like Mass coin, everything is so grandiose, only a little money is not enough to complete the project. Cheesy

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ICO? Not even once.


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March 27, 2017, 11:48:08 PM
 #11

Sorry. You have to show actual mining software before ANYONE is going to take you seriously.
You say just use your Computer, Playstation, Phone to start mining!
WELL, HOW? WHERE IS THE SOFTWARE? That is a bold claim with Vaporware.
Post the software and github links so we can see you are not a pure scam.
Your whitepaper is 20 pages of crap and no where does it even say what algo all these devices will be
mining. It seems you are heavily into ETH, but do you really think a cell phone or playstation is
going to mine dagger? Put some specifics into the whitepaper about the mining instead of pre-funding
and then funding a vaporware ICO.

This x1000.
maknyos
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March 28, 2017, 12:15:47 AM
 #12

bounty? Grin
mummybtc
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March 28, 2017, 06:09:43 AM
 #13

I can bet it, the pre sale will end in hours, this project I rate it better than Golem, the team has proven before they can deliver on what their promises. The only challenge I have is the price of Ether during the presale and the ICO period since the rate is already fixed

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Digital_Currency_LTD
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March 28, 2017, 06:19:06 AM
 #14

This is same as the Golem project? I read the the OP and have a feeling that I read somewhere this supercomputer project.

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rebel.salesman
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March 28, 2017, 11:46:17 AM
 #15

It's good that for every taste and is profitable and cheap?
There are still questions, I will watch this thread

PoW miners spend huge amount of their computing power and electricity for solving PoW task. The only point of this is assuring blockchain immutability.
Only a tiny amount of the total computations is being spent for actual processing of the transactions in the network. This is, by the way, the main reason of migration to PoS.
Also, due to increasing mining difficulty, mining with a small farm is becoming less and less profitable.

If the miners will provide their computing resources for rent, they will receive guaranteed profit for their calculations, unlike in PoW mining.


On the other hand, at the moment, buyers of computing power use centralized cloud services (AWS/Azure/etc.) to rent their resources.
Our calculations indicate that, with the current cloud services prices and mining network hashrate, SONM network price for the calculations will be significantly lower.
You can check the details in out Whitepaper, section 5.1 (Market)



Translations:

I'll do Indonesian translation if needed

hi dev i am interested to tranlsate to italian languange could you reserve it to me? thanks


I have already reserved Hindi translation,Kindly inform me when I can start working on it.Thanks

Thanks for your interest to our project, guys.
Please, PM to discuss the details of the thread and WP translation.
Send the examples of your previous translations to save the time.

We'll answer you as soon as we can.



Sorry. You have to show actual mining software before ANYONE is going to take you seriously.
You say just use your Computer, Playstation, Phone to start mining!
WELL, HOW? WHERE IS THE SOFTWARE? That is a bold claim with Vaporware.
Post the software and github links so we can see you are not a pure scam.
Your whitepaper is 20 pages of crap and no where does it even say what algo all these devices will be
mining. It seems you are heavily into ETH, but do you really think a cell phone or playstation is
going to mine dagger? Put some specifics into the whitepaper about the mining instead of pre-funding
and then funding a vaporware ICO.

At the moment we have the functional Proof-of-Concept, using SONM network: www.drugdiscoveryathome.com.
You can register on the website, download the client and test it. Profit from your calculations will be credited in DrugDiscovery tokens.
DrugDiscovery client is desktop (alpha version at the moment).

The next step of development is the SONM desktop client for general-purpose calculations and mining clients for the other non-PC platforms.


Talking about consoles\smartphones computations:
This task is in our development roadmap, but the main priority at the moment is to build the decentralized SONM network for buyers/hubs/miners interaction - reliable, efficient and safe.



Bounty campaign:

bounty? Grin

Yep, we'll have the bounty campaign.

There is an issue: bounty campaign is a two-edged sword.
Sure, it helps to promote the project, but it also leads to significant token price decrease after the launch of the platform, because almost everyone involved in bounty campaign dumps the tokens.

We'll announce the exact numbers of bounty tokens and terms of the campaign in a day or two.



This is same as the Golem project? I read the the OP and have a feeling that I read somewhere this supercomputer project.

The concept of decentralized supercomputer is close to Golem and other competing projects (Elastic, iExEc). But SONM project has strong benefits comparing to them.

For example, here are the SONM benefits in comparison with Golem (quote from the SONM Whitepaper, section 5.2):

Quote
- Golem network hasn’t demonstrated concept proof yet. Golem network currently isn’t able to process
general purpose computing. Their network is available in the test mode only for CGI rendering.
Furthermore, SONM uses more common and standardized BOINC platform, also used in lots of existing
distributed projects, therefore SONM is compatible with many of them.
In addition, as we are developing SONM using a lot of open source technologies, we already have the core,
network platform and most of the other important features of the project, and, in fact, we are ahead of the
Golem project at least by two years of development.

- Golem’s range of applications is still limited. At the moment, efficiently tested tasks in Golem are limited
only to rendering CGI in Blender.

- Golem has less functions. Golem represents “peer-to-peer market” for computational resources. SONM
is the cryptographically secure protocol providing tasks distribution, validation of results and proportional
correct payment for the used computational power

- Validation of the computing results. Results validation system is one of the Golem project’s weak spots.
Not all of the computations’ results are being validated, so Golem is depending on their reputation system
to prevent users from paying malicious miners for wrong results of calculations. This system is potentially
vulnerable and can be exploited.
SONM uses BOINC verification system allowing to check all the received results for correctness.
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March 28, 2017, 01:32:02 PM
 #16

Do not have a bounty? Twitter, facebook no activity?
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March 28, 2017, 01:50:51 PM
 #17

Do not have a bounty? Twitter, facebook no activity?

I think they will offer bounty for this project as dev already answered this question. So wait till the details will be announced.

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.Green Mining with Hydro Power
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cryptodv
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March 28, 2017, 02:07:00 PM
 #18

All fakes, the real supercomputer is "The Elastic Project" XEL. Good luck though!  Grin

                                 
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drays
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March 28, 2017, 06:31:10 PM
 #19

Why the ICO is Ether only? Sad

With overinflated ETH such rise in Ether price your crowdfunding will go much harder. Why not to add BTC investment option?

Honestly, I was going to invest here, but with ETH-only investment I would probably pass by...

Note that 2x Pre-ICO bonus does not sound too good taking into account the volatility in Ether price. If might happen ICO is cheaper, depending on Ether price fluctuations.

... this space is not for rent ...
atchoum6760
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March 28, 2017, 07:04:01 PM
 #20

Sorry. You have to show actual mining software before ANYONE is going to take you seriously.
You say just use your Computer, Playstation, Phone to start mining!
WELL, HOW? WHERE IS THE SOFTWARE? That is a bold claim with Vaporware.
Post the software and github links so we can see you are not a pure scam.
Your whitepaper is 20 pages of crap and no where does it even say what algo all these devices will be
mining. It seems you are heavily into ETH, but do you really think a cell phone or playstation is
going to mine dagger? Put some specifics into the whitepaper about the mining instead of pre-funding
and then funding a vaporware ICO.



The playstation 4 cannot mine it is going to warm and to break down.

your website is in english but in section download one part in french et other part in english HuhHuh?

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