Every miner who is not even looking, what SNM is doing and what is going to release in 2 weeks is literally putting money on fire.
They said it everytime:You are guarenteed profit atleast the same with the most profitable coin to mine at the moment and your hardware also has zero idle time just ordinary minning.
You dont have to go to the hassle to constantly jumping from coin to coin, looking what is most profitable, you dont have to change algorithm,setups,dont have to install different miners,etc.
And that is if on the market there are 0 jobs from companies who are going to use the resources.
When the jobs start rolling and the companies start mass using the platform ,thing that will happen cause prices are times cheaper than the established cloud providers,
than miners will get more money than the most profitable coin to mine at the moment.
If the team delivers what they are promising is a win win situation for the miners.
...except if Nicehash does the same and use their competitive advantage.
It's a nice idea from the SONM guys, but imo very easy to clone.
We shall see.
About Nicehash i will paste a post from SNM CTO ,that can be found on SNM telegram:
"Nicehash.
Some parts of SONM indeed are similar to what nicehash is doing. In a sense, that we also make a marketplace for computing power. Nicehash is a similar market.
But only similar, not really comparable.
What SONM is doing is one step more universal and abstract:
- Nicehash provides a marketplace only for mining. SONM for any applications, including mining as a simples app.
Everything in Nicehash’s architecture is about that idea. A market for hashrate. System runs prepacked binaries for different algorithms.
SONM can and is designed to run Customer’s applications in a wide sense and we provide all facilities for that.
This point may sound as a “just one difference point”, but the difference behind it are huge.
To evolve from just mining binaries to selling universal conputing power, one would have to do a lot of things in their achitecture:— We provide Docker isolation for apps. Not just binaries.
— We have delivery methods (can deliver Customer’s application, not just run prepacked binaries).
— We have methodology to calculate universal machine resources, not just a hashrate.
…many more points that that are not on the surface, but which we had to work around…
- With SONM you can monetize and rent all your resources: GPU, CPU, RAM, disks and network. Nicehash is only about GPU, probably CPU.
- SONM aims to be decentralized and transparent. As opposed to.
But, however:
- Nicehash is already running.
- Nicehash already has users.
After all, SOMN can utilize supplier’s machine with a MIX of mining and real world applications:
- providinig minimal guaranteed income (with mining)
- dynamically giving resources to real applications according demand
- and, what is important, THIS IS FUTURE PROOF "
