The supercomputer for medium-sized companies in Tech

usages of blockchain

Offering computing power at a fraction of the price charged by large IT companies: The blockchain makes it possible.

That’s the idea behind the founders of Iron Eagle Capital: Individuals and companies can make their unused computers available to their nuco.cloud during the night, weekends, or other times, allowing others to utilize their computing power. In return, they could earn money. Conversely, small and medium-sized enterprises, for example, can access the computing power they urgently need on-demand and at affordable costs. But how can they access these dormant computing capacities? That’s precisely the business idea behind the nuco.cloud – to assume the role of an intermediary, providing a virtual supercomputer available for use.

As explained by company founder Tobias Adler in an interview with Markt&Technik, there has been a project that inspired him for quite some time, known at least in astronomy circles: SETI@HOME. SETI stands for Search for Extraterrestrial Intelligence. In this project, individuals provide their computers to analyze data with the aim of detecting whether we receive messages from intelligent life forms in outer space through the electromagnetic spectrum.

The underlying platform that allows such tasks to be performed on many distributed computers was developed by the University of Berkeley: Berkeley Open Infrastructure for Network Computing (BOINC). Based on BOINC, Iron Eagle Capital aims to create a computing cloud. It’s important to note that the Berkeley University, through BOINC, is not allowed to make a profit. Iron Eagle Capital also envisions the computing cloud as an open-source project. The IT company New Direction from Neusäß will program the cloud, which Iron Eagle Capital has named nuco.cloud, derived from the Latin term “Nubes Computatrum,” simply meaning “cloud computer” in German or English.

The core of nuco.cloud involves packaging the tasks that customers want to be computed into individual data containers and distributing them to computing providers (miners) for processing. Miners do not know what is being computed or which computing project they are supporting, and the contents are encrypted. Payment is facilitated through a custom version of the Gridcoin blockchain, ensuring a fair and transparent process. The nuco.cloud autonomously distributes supply and demand for computing power among different miners in the network. Miners receive their NUCOs (the token of nuco.cloud) from both users of nuco.cloud and directly from the nuco.cloud itself. Iron Eagle receives 20% of the NUCOs paid by users and mined by miners, miners receive 70%, and 10% is donated to scientific projects, allowing them to rent computing power in the nuco.cloud for free. NUCOs are used within the nuco.cloud to acquire computing power. The exact amount of NUCOs required for specific computing power is not yet determined.

But why would this be interesting for serious users who need to perform calculations for their production, designs, or other tasks? Quite simply because, up until now, purchasing computing power from the big, well-known IT companies has been rather expensive, as explained by Tobias Adler: “According to a Berkeley analysis, 100 Tera-FLOPS cost 175 million dollars for one year at Amazon, while with BOINC, it’s only 125,000 dollars because the miners at BOINC work on a voluntary basis. Since the users will pay our miners, our price will be higher, but our goal is to reach about 10% of Amazon’s costs.”

Source: https://www.elektroniknet.de/markt-technik/industrie-40-iot/der-supercomputer-fuer-mittelstaendler-165060.html

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Nuco.cloud

Nuco.cloud is part of Iron Eagle Capital GmbH which does not operate a trading platform for NCDTs. We also do not make any recommendations to buy or sell or transmit any legal declarations in this context. The responsibility lies solely with the trading platform. By clicking on the link you will leave our website.

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Nuco.cloud is part of Iron Eagle Capital GmbH which does not operate a trading platform for NCDTs. We also do not make any recommendations to buy or sell or transmit any legal declarations in this context. The responsibility lies solely with the trading platform. By clicking on the link you will leave our website. 

Note

You are leaving
Nuco.cloud

Nuco.cloud is part of Iron Eagle Capital GmbH which does not operate a trading platform for NCDTs. We also do not make any recommendations to buy or sell or transmit any legal declarations in this context. The responsibility lies solely with the trading platform. By clicking on the link you will leave our website.