With the development of the new digital era, the foreword technology fields represented by AI, 5G, and cloud rendering are developing and iterating by leaps and bounds, and computational power is becoming the most important fuel for these technology fields, while the immediate need for computational power is also showing exponential growth. Under the new demand, GPUs are replacing CPUs as the main computing power producing hardware.
In the Web2 era, Internet cloud provider giants such as AliCloud, Google, Oracle, etc. are providing computing power services to demanders in a centralized manner. We see that this near-monopoly approach to supplying computing power is creating a very clear seller’s market. On the other hand, in order to meet the growing demand for computing power, Web2 business giants are expanding computing power facilities on a large scale, such as Oracle this year has spent billions of dollars to buy GPUs to further develop AI cloud services, with the expansion of computing power facilities scale, will produce huge maintenance, operating costs, ultimately leading to computing power costs are rising.
In addition, the centralized computing power system, there is also a huge single point of failure potential, such as natural disasters, human factors, etc., the sudden interruption of computing power, will cause huge economic losses.
Coinda: Reinventing the Cloud Computing Power Sector with the Web3 Approach
Blockchain is a brand-new technology featuring decentralization, peer-to-peer, openness and transparency, and irreversibility, which not only reduces the cost of trust in people’s collaboration, but also further improves efficiency, and as a brand-new institutional technology, it is reshaping many fields. Based on blockchain technology, Coinda is building a new distributed cloud computing network, which attempts to build a new computing power power supply and distribution network in the way of Web3, and includes all the roles as builders and beneficiaries.
Coinda is a distributed GPU network that allows GPU servers around the world to become nodes, with theoretically unlimited scalability, so that any supplier of computing power that meets the conditions can become a node of computing power supply and gain revenue. Computing Power supply nodes around the world can be automatically transformed into metropolitan nodes and edge nodes to meet the needs of nearby computing, even if the nodes have a single point of failure does not affect the GPU computing power supply, the system as a whole is decentralized and becomes more fault-tolerant.
Professional GPU computing power providers can deploy these GPU servers in IDC rooms of T3 level or above to ensure stability, and on this basis, install Coinda software into the servers to access the Coinda computing power network. Some idle computing power can be accessed through Coinda’s mining pool to improve GPU utilization rate in exchange for further idle income. Therefore, Coinda will gather a large amount of distributed computing power power, and the computing power power generation cost will be far lower than the centralized computing power power platform, and also greatly reduce the cost of GPU computing power power acquisition.
As a rare GPU distributed computing power network in the industry, Coinda pioneered the further tokenization of GPU computing power, i.e., any user holding computing power tokens in the Coinda network will be able to cash in computing power rigidly through the Coinda network, and allow users to freely trade computing power tokens through the DEX on Coinda. This new way of power distribution is allowing more users to participate in the new digitalization process.
The Coinda Ecosystem Presents New Opportunities
Traditionally, C-suppliers are not involved in the supply of computing power. In the Coinda ecosystem, however, ordinary users play a very important role.
In the Coinda computing power supply system, in addition to professional computing power suppliers, small-scale computing power suppliers are also an important source of computing power in the Coinda computing power ecosystem. Small-scale providers are usually users with idle GPU computing resources, such as PC users, who run the Coinda software to contribute idle computing power and receive token rewards from the system.
In traditional power matching systems, power can only be distributed between supply and demand. Blockchain is giving Coinda the ability to tokenize computing power power, and Coinda has built a system for computing power power tokenization. The system calculates the computing power value according to the number of supplying GPUs, the number of individual GPU CudaCore, the size of individual GPU graphics memory, and the size of the machine’s RAM, and generalizes that computing power value (which can be interpreted as a packet of computing power), with different numbers of computing power tokens representing different shares of the computing power value. Users can choose to host their computing power in Coinda’s computing power hosting system, and get a certain share of computing power tokens paid for them after the system evaluation (locking), when the computing power provided by them is adopted to access to the actual computing power application scenarios, the computing power tokens will be unlocked, and after unlocking, the computing power tokens will be able to circulate, trade, and rigidly pay out in the market.
In order for Coinda ecosystem users to actively contribute computing power, Coinda rewards users with different real computing power contribution values.
Coinda has also set up CoindaSwap, a DEX-like computing power aggregation system, through which holders of computing power tokens (computing power packs) are able to transact computing power flows and trade them for the governance token $CMC assets. Demanders, on the other hand, are able to purchase Computing Power Packs through the DEX matching system, where they are rigidly paid. In the process of matchmaking transactions, the roles of buying and selling Computing Power Packs pay a small fee, which is distributed to the Computing Power Token Holders.
Coinda builds a Staking Vault pool for Computing Power Token holders, where users are able to pledge Computing Power Tokens and receive the pledge proceeds (rewarded in the form of $CMC tokens). Pledging revenue comes from two sources, all the fees generated from CoindaSwap will be distributed to the pledge of computing power tokens, and in addition, part of the profit generated by the Coinda system will also be distributed to the pledge of computing power tokens. Coinda’s huge business volume in the future will bring a huge amount of continuous pledging revenue to the pledges, which means that the pledging of computing power tokens will become a brand new rigid demand. This means that the pledge of computing power tokens will become a brand new demand.
With the further development of cutting-edge technology, computing power is becoming a new immediate need and there is a huge shortage of computing power tokens, Coinda is relying on this blue ocean market to bring all participants a new era of dividends.
