Topic: SONM? Will this change the world of GPU mining? (Read 910 times)

SONM is awesome! I think it will change the world of GPU mining!

nothing but crickets in this thread since sonm launched, what happened?   are you guys rich now?

haha

they take the ICO money for a PLATFORM, once the platform is built their work is done, but noone realizes just cause you build it dont mean people will come.....

im not gonna say i told you so but.....      these projects are all the same sadly, seen it again and again

or are you guys renting out to the single order @ 10 cents a day?   nicehash style haha, but atleast nicehash HAS buy orders ....


*protip: this is why you take project sig people's words with a grain of SALT, always hehe

exciting, only a few days left until we can direct our rigs at SONM 

LOL, haha, exactly what I said before in here: https://bitcointalksearch.org/topic/m.40073213

Did you both found yourselves in that text?

i've take a look here https://docs.sonm.com/getting-started/as-a-consumer, it seems it run only under linux ??

and it seems not user-friendly to use like Gridcoin and
unlike nicehash which is very simple to start

The business case for distributed compute is not a big mystery.
If this team were to try and do the compute themselves, they would have to compete with existing traditional datacenters. Since SONM have no technical advantage over a traditional datacenter, they would not be a able to compete if they built their own dc.

Look at the similar project DBC (DeepBrainChain), which is developing ditributed AI mining. They mix this up with an investment token (DBC) and a big ICO. Probably just to secure their Lambos in case the distributed compute doesn't work out. Recently, they got this brilliant idea to make even more money by bypassing the distributed concept and play on the greed of miners/investors. They are selling pre-built, very high end AI hardware and hosting services. They give priority to people with big DBC holdings. Basically, they are building a high end traditional datacenter with other peoples money. No economical or technical risks and they can start computing before they solve the distributed compute problems. They have sold thousands of AI compute machines this way. (Way higher spec than 1080 Ti).
Chinese Entrepreneurship at it's best and maybe the only way to do the "mine for themselves" and compete successfully against traditional datacenters.

The distributed model competes by externalizing many of the costs by utilizing the scale of "mining as a hobby". Hobby miners don't count all their work hours as a cost. They don't always count all the hardware investments as cost. At best, they make some initial ROI calculation and make sure the income is greater than the cost of power. This has proven to work long before Bitcoin saw the light of the day. It started with SETI@HOME and then BOINC, which is now the largest super computer cluster on earth. Those projects didn't even have economic incentives.

The big technical problems to solve are related to security and hardware bandwidth. BOINC and other distributed computing have solved this but it is significantly less real-time than POW mining. Long lasting work packages and verification times in centralized systems is the state of the art. Typical low bandwidth mining rigs are not ideal.

Nothing really wrong with that.  This is a great way to get the word out and it helps to see people of various btc-talk seniority having an interest in contributing.

I'm skeptical at this point but as far as the OP subject, "Will this change the world of GPU mining?"  Well... A lot of things already are on tap to change the world of GPU mining.  M.2 slots acceleration is the first thing that comes to mind.  Dwarf FPGA, although not a GPU miner could bring interest from GPU miners as well.

Now an iaas platform that is friendly to mining???  Sounds VERY interesting but also begs the same questions.  you know what I'm talking about "if it's profitable why don't they just mine for themselves?"  Otherwise they are just talking about giving away free money.  this will make a lot of people scratch their heads.  But hey, if there's a website I can pay to log into, start mining and profit instantly... they will have millions of customers lining up for the free money.

At that point, it's not just GPU mining that will change.  It is ALL mining.  Less demand on various hardware vendors.  More centralization... total turn away from Satoshi vision

A quote from the link...

"As far as the team is concerned, SNM’s current or future exchange rate is immaterial. They’re focused on building a marketplace for computing power, not an investment token."

This is exactly what I wanted to see. This tells us this project aims to produce wealth through actual use and is not just another pump & dump investment scheme.

Great project, as far as i read at their blog. I think i'll try it if there have a stable version for windows. Sadly i am not familiar at linux, because at their website always explaining it use linux. When it become to windows's user sir/mam? Or maybe there is but i don't know, can you give me the link?


thank you.

For you skeptic people, if you're too lazy to make your research, are have no time for watching last Q&A's
Just take a look at least at this article. It will enlight a bit what is this platform about.
https://www.investinblockchain.com/highlights-sonm-may-2018-qa/

It's look like this project is fantastic !! The guys in the video is very good. That's a huge project, and pretty simple. It's like Nicehash in a lot better !!!

Maybe it's will be a huge opportunity for us miner, to get extra buck from our hardware !! i will closely look at SONM

the first 2 posts look like sefl promoting...

There are  big differences between Golem, Elastic and SNM .Golem is currently if i am not mistaken in beta and they support only CPU rendering with Blender, thats it.
And you are right about the part that there would be many suppliers like it is the case with Golem and very little "jobs" so the suppliers get very little money for their resources and
if you look for info most of them end up with less than 50$ a month and just quit doing that.Thats because with Golem you dont monetize your hardware when it is idle.Thats not
the case with SNM,when there are no tasks your hardware will be mining the most profitable coin at the moment and will get paid in SNM tokens .Even with 0 task on the market the suppliers wont be operating in a loss compared to traditional mining.Have in mind that cloud computing market is one of the most increasing with estimates of over 400bln in revenue in 2020.If you care to research about SNM you will find that they promise similar services to the biggest cloud companies at the moment to be times cheaper on SNM.That will sooner or later attract customers.They are not saying that they will overtake AWS, IBM Cloud or Oracle , but just that they can find their place in that huge industry mainly because their prices will be much much cheaper also if they can attract enough miners/farms they can provide huge resources.
Also you talk about :" lack of USAGE"
Can you tell me even 3 crypto projects from the thousands that have already "USAGE" in real world ?
Also we must agree that sooner or later this will change and in the end the projects that really have useful product will deliver that ,cause with more and more of them coming to
their mainnets  we will see which products are really worth it and can deliver and which ones were based so far on just hype,marketing,shilling,McAffee-ing etc....
Im not saying that SNM will do it for sure, but the company is worth looking into .

lol here we go again....

it's like you guys forgot theres been like 5 of these projects already, they take ICO money, and give a product  usually, eventually, BUT:
their all the same in the end:  they lack USAGE
Golem is done sure, but lacks DEMAND, i see no difference in SONM. same thing with the Elastic Network : /
would love to be wrong, but it's deja vu.
They will have a TON of sellers, and no buyers, it will be laughable, the next will come along, money will be thrown @ it, rinse and repeat...

Not for long, mainnet in 15days.

There is really big demand for resources. And it's getting worse and worse. Because traditional resources are limited.
Really try to google demand for cloud computing, or similar question.
You'll find tons of articles about that.

The main question is : is there some demand for such service right now ?

This is great if the "real world tasks" actually exist.

Everything still in testnet or closed beta.

Many projects have tried competing with nicehash but I don't see any success. I like competition. From this always benefits the consumer. But to say that this project will be implemented in advance, I can not. I'll look at the statistics after I start. The profitability of mining on a pool not less than the yield of hashing with nicehash. I see no reason for myself to switch to nicehash.

Looks to be a very interesting project.
For computing this will be definitely a great opportunity for researcher to have access to on demand ressource and at a scale they never had access untill now.
The issue might be cost.
How much anyone will be willing to pay/per hour to use your ressources.
I have my doubt for rendering tho as CPU is also use "bigly" for rendering and most mining rigs have a shitty CPU.