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altumea

Decentralized GPU Computing

Altumea is a decentralized platform connecting researchers, artists, and engineers looking to buy processing power for high-performance computing, deep learning, and AI with GPU owners. Altumea enables GPU owners to sell extra computing power to those who need to make large-scale calculations: artists, engineers, researchers. Buyers can buy GPU computing power straight from miners, gamers, and regular GPU owners with cryptocurrencies. Altumea gives users access to the almost limitless computing power held by millions of GPU owners.

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Benchy 2.8
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Ended
Token
MEA
Price in ICO
0.6895 USD
Country
Whitelist/KYC
None
preICO start
18th Feb 2018
preICO end
8th Apr 2018
ICO start
18th Apr 2018
ICO end
28th Apr 2018
More on ICO
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About altumea

Currently all crypto -miners are faced with the problem of lower utilization, decreasing efficiency due to proof -of -work system, which is essential to mine cryptocoins. Issues such as growing competition and consolidation of miner pools, have added to the existing woes of crypto -miners, making their investments unfeasible. By using distributed computing, features of the cloud, and the benefits of block chain, we will be giving miners other options for revenue from GPU investment.

Miners will have the option to bid on the requests from users, and based on the smart contract system discussed earlier, all payments for usage will be secured.

This distributed cloud based model of processing, backed up by the blockchain network, is a compelling solution, because of the millions of users connected to the blockchain with underutilized capacity.

This would also bring existing GPU owners, with spare capacity, on to the network. Most of these GPUs remain idle, when they are not in use by their owner. Using Altumea could be an excellent potential source of revenue and monetization for such owners, by permitting their GPU to perform tasks in exchange for tokens, which could then be exchanged for cryptocurrencies and/or fiat currencies.

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