Selling CPU time for bitcoins in open market scenario

[spndr7]

Some times people need CPU work done but they don't have time  or expertise to undertake it.So, if they can get their CPU work done in a market situation like bidding the contract to get in done at the lowest price just like freelance contracts.

This open market may be beneficial for both the CPU work contributor and the job assigner .

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[1715338626]

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[spndr7]

This work may be general compressing or encoding of data which takes huge time .The coding requirements would be made by the job assigner and on completion of the job before specified time and with all conditions met,payment could be released to the job doer.

[Stephen Gornick]

So, if they can get their CPU work done in a market situation like bidding the contract to get in done at the lowest price just like freelance contracts.

This open market may be beneficial for both the CPU work contributor and the job assigner .

Are you referring to something similar to SpotCloud?  http://www.spotcloud.com

It was referenced in an article where it was considered for mining:
  http://raydepena.wordpress.com/2011/03/30/can-the-cloud-print-money

[spndr7]

For example if someone wants conversion of p2p TV series ZENITH (published on vo.do on bittorrent network)
from HD 720p to (x264 392 kbps using highest settings of compression) .

x264 video encoding specifications  like umh range=64,subpel estimation=9, etc.

Original File 720p 1.18 GB
magnetlink
magnet link to file

Contract open initially for few bitcoins .

The output of the CPU work may be uploaded to the job assigner directly or released in public (via torrent or other p2p network) as per requirement.

[spndr7]

SpotCloud is more structured and corporate entity,the bitcoin model should be peer 2 peer on small  contract basis .

[spndr7]

Selling CPU cycles on individual basis was initiated by 'cpushare.com' website but don't know what happened to it .Selling CPU time/cycles on contract basis in exchange for bitcoin will boost its economic activities.