GPU mining seems to have more room for small-scale speculation in the early days of the POW chain.
Author: dt
Editor: Lisa
Every bull market has new narratives, and the most promising one this time is definitely the AI-related narrative. The AI craze has spread from Web2 to Web3, with various AI-related projects emerging one after another. Among them, decentralized cloud computing projects that share GPU resources have gained favor from venture capital institutions. By combining the traditional hardware mining gameplay of blockchain with the concepts of Depin and AI, decentralized blockchain can also catch the wave of the AI craze.
This week, Cryptosnap Dr.DODO will introduce three early projects of GPU mining decentralized cloud computing that even retail investors can participate in, so let's catch this wave together.
io.net
The first project to be introduced, io.net, is a decentralized DePIN project based on Solana, focusing on providing GPU computing power for AI and machine learning companies. Founded by Ahmad Shadid, it originated from his idea to reduce costs when building a GPU computing network for his machine learning quantitative trading company, Dark Tick, in 2020. After the launch of OpenAI's ChatGPT, Shadid realized that this network could provide the large-scale computing power needed by AI/ML companies.
io.net aims to build the "Internet of GPUs" to address the shortage of GPU computing power caused by the AI craze. The platform's computing power can be used for tasks such as model training, batch inference, hyperparameter tuning, and reinforcement learning. It gathers GPU resources from data centers, cryptocurrency miners, and other idle sources, and can automatically handle task scheduling, organization planning, and resource expansion. This allows development teams to execute the required computing work on dispersed computing resources without worrying about the common limitations, high costs, and poor configuration choices of public cloud services. Recently, io.net launched a reward program called "Ignition," which will reward points based on the amount of GPU supplied to the network from March 1 to April 28. Although the article does not explicitly state whether the rewarded points can be exchanged for io.net's platform token IO token, CEO Shadid has indicated that IO token will be issued on April 28.
Source: io.net
Gaimin
The second project to be introduced is Gaimin, a DePIN cloud computing project running on the Solana chain, founded by the esports team Gaimin Gladiators. Unlike io.net, Gaimin starts from the gaming field, aiming to build a dApp that combines cloud computing power with gaming platforms. It allows players to rent out their GPU computing power when idle to earn additional rewards, and utilizes the high-performance GPU computing power of most players to build a decentralized distributed supercomputing platform, gaimin.cloud. This platform can provide customers with data processing services such as video rendering, AI deep learning, and blockchain computing. Gaimin announced its L2 game public chain plan last week, which will build an L2 public chain on BNB using opBNB Stack technology and collaborate with MovementLab to use Move technology, achieving a throughput of over 150k TPS, reduced latency, minimal gas fees, and enhanced Web3 gaming user experience.
Regarding tokens, players can already earn $GMRX tokens through blind mining by downloading and installing the Gaimin Windows app. The tokens are not yet listed and are expected to conduct an IDO fundraising on Seedify on March 21 or 22. The token distribution is as shown in the following figure. The official has also released a Gaimin Gladiators NFT, and holders can receive airdrops of $GMRX by staking the NFT on the Gaimin platform.
Source: https://assets-global.website-files.com/63d5b026b0a17e3e59e9aefb/65bbdaf57204114d0fee4da0_Summary_Gaimin.pdf
Heurist
The third project to be introduced is Heurist, which is more of a community project and has not yet disclosed team background or capital financing. Therefore, additional attention to security is required. Heurist is an L2 public chain built on the ZK Stack for AI model hosting and inference. It utilizes the scalability, customization, security, interoperability with other chains, and future-oriented architecture of ZK Stack to create a blockchain specifically optimized for AI model hosting and inference. It has established a decentralized AI infrastructure network, allowing users to obtain AI model inference services such as text generation and image generation on a pay-as-you-go basis. The goal is to enable anyone to contribute resources or models and benefit from the open AI infrastructure network, achieving decentralized and democratic access to AI. Users can earn or consume the token $HUE through various roles in the network, such as miners earning fees and token distribution by hosting AI models, model creators receiving part of user payments, application developers receiving a certain percentage of fees, and verification nodes receiving rewards by checking data integrity. The Heurist project is still in its early stages, and unlike io.net and Gaimin, Heurist is not a platform for renting computing power but rather utilizes users' computing power to run specific LLM learning models. Currently, Heurist is conducting its incentive test network, and those interested in using its AI model services can apply for API access.
Source: https://www.heurist.ai/
Author's Viewpoint
For readers with idle GPU computing power and limited funds, the author believes that participating in GPU mining projects like these is a good way to go. Currently, most of the mining activities in the crypto space are quite challenging for small retail investors, such as staking ETH for airdrop rewards in projects like Blast or EigenLayer, which seem more like games for whales. GPU mining, on the other hand, seems to offer more opportunities for small-scale speculation, similar to the early days of POW chains.
The author believes that there will be more and more projects like these that combine Depin and AI computing power mining in the coming year. Everyone wants to be associated with the hottest AI trends, and readers with limited funds may find unexpected surprises by exploring these types of GPU mining projects.
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