Providing Hashing Power in BitherPlatform in a Win-Win Situation
Many companies have created solutions for donating computing power on a cloud server and services such as “world community grids” from IBM and “climateprediction.net” from Oxford University and “MilkyWay@home” from sloan digital sky survey have been introduced.
Most of these projects use BOINC which is an open source platform for participating in Computational projects.
BOINC (Berkeley Open Infrastructure for Network Computing) introduced by Berkeley University is used on different operating systems such as Linux, Windows, Mac and Android for treating diseases, studying global warming, discovering new planets and stars and many other scientific projects.
Most of these participations and hashing power donations are done free of charge. So there’s no reason for a user to do this without payment. Based on a platform with a specific token, every participant can be rewarded.
Statistics show that right now more than 178000 individuals are volunteering for renting hashing power and the computing power of more than 856000 devices are being shared.
Some of the projects using BOINC are:
SETI@home: searching the outer space for signals from intelligent creatures
Rosetta@home: simulating protein formation for Researches on diseases
Asteroids@home: solving difficult calculations for finding the direction, route and distance from asteroids and meteors
Einstein@home: dedicated to finding gravitational waves
The clean energy project is looking for new recyclable energy sources and is using BOINC for finding 36000 replacements for current chemical compounds.
Bitherplatform project is a safe infrastructure for renting and lending hashing power for projects in need of heavy computing power. The only difference is that in this situation, both parties can enjoy a fair amount of profit.
Providing modular admission for the implementation of scientific and research projects:
A standard platform for scientific projects:
One of the most important features of the Bither network is its optimization of computing power usage and a hashing power allocation system in the lower networks. The Bither network aims to serve as a hashing power resource for scientific and academic projects that have an undeniable role in the future improvement of humanity’s well-being. Bither is the only standard platform in the area of cryptocurrency that has a pre-defined and modular base for the implementation of scientific projects. Undoubtedly, one of the main goals of the Bither team is to support modern and applied sciences that need complicated computations. Considering the prepared base in Bither, research institutions and universities will be able to conduct their scientific research. Bither’s programming team’s foresight is that a vast number of research institutes and universities will welcome Bither and by using its modular systems, they will develop and expand helpful and beneficial sciences
Better financial security for miners during Market downturn and renting hashing power to scientific projects
Profitable mining during market downturns:
During market downturns, the profitability of mining reaches its lowest and even in some cases lead to a loss for miners. In such situation, Even if miners are optimistic and wait for another increase in prices, due to the current costs of mining such as electricity and device maintenance, they may not be able to keep mining.
it is possible that due to the high costs of mining (electricity, energy, device maintenance), they won’t be able to continue their activity.
With Bither, they can still make a profit by leasing hashing power which is always welcomed by research and scientific institutions. By allocating an appropriate part of the excess hashing power to the Bither Stock network, not only a miner covers his costs, but he can also earn profit.
For more information, read BitherPlatform’s whitepaper:
https://bitherplatform.io/docs/Whitepaper.pdf
