CPUcoin: Efficient use of wasted CPU resources ｜ Project Introduction

Written by: Crescent, Rhythm BlockBeats

At present, various application programs have been deeply integrated into people's lives, and people can use them with ease on different electronic devices. However, how these applications work behind the scenes is not known to most people. You know, if creators want to ensure that their application App works properly, they need to purchase and maintain the cloud infrastructure behind it.

As far as the server is concerned, after the App is developed, the data needs to be deployed to the server, which is usually purchased through AWS, Azure, Oracle and other companies, and in general, the company will purchase some additional capacity, which often sits idle, adding high operating costs. Similarly, after an individual purchases a computer, the CPU and graphics card resources in the computer will not be fully utilized. According to Gartner's research, the CPU utilization rate of servers in global data centers is only 6% to 12%, which means that in the global idle or unused There is a large amount of untapped CPU power in a fully utilized computer, resulting in a serious waste of these idle resources.

So how to solve this problem? Can idle resources be scheduled so that they can give full play to their value?

CPUcoin is solving such problems by building an IaaS (Infrastructure as a Service) solution that drastically reduces server hosting by creating a new sharing economy for unused CPU/GPU power. At the same time, miners can use idle CPU/GPU resources to generate profits. Make it easy for ordinary users to increase revenue from their own servers, PCs or mobile devices.

Detailed explanation of the project

CPUcoin is building a "computing global network" CGN. CGN brings together untapped CPU resources around the world to form a huge computing network that is scalable and runs around the clock to realize the computing resources between various platforms. shared. CGN can provide a decentralized server application program DService. As a server component, DService is a server software unit developed to run in the CGN environment and execute requests issued by the API.

CGN is used to provide driving DApp services, whether consumer or enterprise, designed to meet the needs of traditional B2B applications and blockchain-enabled services, processing requests to execute for DApp on a global scale The professional work required to generate and deliver content. The infrastructure platform provided by CPUcoin allows anyone to connect, any website and Dapps can utilize existing Dservices based on CGN, Tweekit.io (image conversion and normalization system) is the first such Dapp.

CPUcoin based on blockchain technology creates a new ecosystem by reclaiming a large amount of idle CPU computing power and making it work, and uses the project Token CPU to provide support, so that users can benefit from it.

Users can earn CPU by downloading miner software. CGN mining machines are currently only compatible with Windows7-Windows10, tablet devices and Windows Server 2012-2019, and do not support other devices such as Mac or Mobile. Miners can purchase subscriptions to increase the daily CPU earning rate and have certain extra bonuses, all of which are locked for one year.

To ensure adoption of the network, CPUcoin has partnered with Equilibrium. Starting from its MediaRich enterprise image processing application, created the first DService, called "MediaGen", to provide on-demand, centralized, scalable and secure visual content processing. MediaRich enables its subordinate enterprise users to enter the CPUcoin content generation network and provides CGN with the initial major users. MediaRich provides support for many well-known companies, such as Wal-Mart, Adidas, Warner Bros., Sony Pictures, etc. At the same time, it also plans to enable more applications to run in CGN gradually, promoting its further development.

According to CPUcoin, the current number of CPU wallet holders has exceeded 140K, and miners from more than 80 countries have participated in the project. And CPUcoin also cooperates with BOINC to provide support for COVID-19 research through IBM World Community Grid and Rosetta@home to promote COVID-19 research.

Project background and economic model

CPUcoin is a company located in Cayman, registered as DServices Limited.

Founder and CEO Sean Barger has more than 30 years of experience in the game and entertainment industry, and has deep experience not only in games, but also in software and SaaS services Achievement, has produced more than 55 entertainment software such as "Tetris", and later founded Equilibrium as the original founder. Now, in order to continue to innovate, he started to create CPUcoin, and wanted to use it to effectively utilize the resources that were previously wasted on a large scale.

Matt Butler, VP of Engineering for the project, has extensive experience in software engineering and was the lead developer of the first DService to run on CGN.

Transform Group is the PR firm for CPUcoin.io, and Michael Terpin is the company's CEO and advisor. It is disclosed that he has led the public relations work of more than 100 blockchain companies and foundations, including some Token crowdfunding activities. Clients include Augur, Counterparty, Dash, Ethereum, Fantom (typo), CPUcoin, Tether, Bittrex, and more.

Tony Tong is a consultant, co-chairman and co-founder of HKBA.club and Hong Kong Blockchain Academy HKBA.hk.org, adjunct professor of ITU.edu and UMN.edu , Co-founder of Pacific Financial Services and Super Angels Ventures.com.

CPUcoin’s native Token is referred to as CPU for short, and is used for CGN ecosystem work transactions. Mainly to pay for all service usage fees, and to pay idle computing power providers as a way of delivering miners' payments.

The picture shows the Token distribution method of the project. The total supply is 5 billion, 72% is used for IEO, 10% is used for team reserves, and 10% is distributed to Advisors and early participants, 8% will be used for partner Token exchange.

Roadmap

Previously, in 2018, CPUcoin received US$2.1 million in seed round financing. After that, it released the test network, mining machine client, carried out IEO, and cooperated with BOINC. Release the first DApp TweekIT.io, integrating DeFi in the second quarter of 2021.

The project plans to launch the TweekIT NFT service in the third quarter of 2022, start building the DAO in the second quarter of 2023, and launch the mainnet 1.0 in the third quarter of 2023.

The proposal of CPUcoin encourages users to utilize idle CPUs in their homes or enterprises to play a new role, which not only improves the efficiency of the cloud industry, realizes the sharing of computing resources among various platforms, but also enables users to benefit from it . According to it, compared to traditional cloud service providers such as AWS or Azure, CPUcoin has 4.5 times the throughput per dollar of AWS Lambda.

And the emergence of CPUcoin makes it unnecessary for enterprises to spend a lot of money to purchase, rent and maintain those infrastructures as before. Users only need to pay for the services and resources actually used. The delivery of offers a new option.  

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia