sponsored
UK and Swiss based gaming and blockchain company, GAIMIN.IO Ltd has developed a PC-based platform to create a global, decentralised data processing network with “supercomputer” level performance. The GAIMIN platform utilises underused processing power available from high performance GPUs and rewards users in its own cryptocurrency, GMRX, for participation in the GAIMIN data.
Why is the GAIMIN platform needed?
The Digital Revolution has created a large number of new industries, each with their own ever increasing demand for processing data. The powering of blockchain computations is one example. Within the cryptocurrency industry, this is commonly known as mining. With an increasing number of daily blockchain computations requiring increasingly more difficult computations and calculations to validate and close transactions, the demand for processing capability and computing power is ever increasing.
Other industries, such as video and CGI rendering, scientific computing simulations, AI intensive applications and life science analytics, are creating an increasing demand for processing power. These industries acquire, process, analyse and output data from multiple sources and require timely and accurate data for processing.
Emerging requirements for Data Processing
Global reliance on the digital ecosystem requires adoption of technologies that deliver cost effective, timely and reliable processing of transactions. The process must be secure and transparent ensuring the integrity of the transaction. Large scale data processing must deploy solutions that validate the integrity and security of the transaction, whilst providing an element of visibility that validates transparency whilst maintaining the confidentiality of the transaction originator and recipient.
The Problem with Centralised Data Processing Centres
Large, centralised data processing centres are one solution however these are not without their own risks and issues – they impact the local environmental and ecology, their physical footprint is limited, they are at risk from terrorism and natural disasters, energy consumption for operation, cooling and ventilation is considerable and impacts local energy capacity and they typically consume large amounts of fossil fuel.
More importantly, centralised data centres are not ideal for some new industries and technology applications. Sophisticated new technologies, such as the powering of blockchain computations, require a different solution – a distributed network of global processing power.
The Benefits of Decentralised Data Processing
Technology solutions are available to deliver secure and transparent services to industries however the biggest barrier is access to processing power. Centralised data processing centres are one solution but are not without their risks and issues; a decentralised data processing solution mitigates the issues and risks associated with centralised operations.
A company with a solution to decentralise processing power, harnessing a global availability of underutilised processing devices, creating a scalable solution as demand grows and falls whilst delivering rewards to all stakeholders will significantly benefit from this global problem.
The GAIMIN Solution
GAIMIN has identified a source of available processing power, capable of being harnessed into a supercomputer-level data processing network, delivering the capability needed to process large amounts of data.
This source of untapped processing power is found in PC-based gaming computers. The gaming industry is the largest and growing entertainment industry on the planet today. With 3.3 billion gamers worldwide by 2024 and 20% being PC-based gamers, there will be 600m gamers worldwide with high performance PC’s. Gamers desire the ultimate gaming experience and build their gaming devices with the most highly performing components, more specifically CPUs and GPUs, however these devices are only used for 20% of the day, often remaining switched on but unused for gaming.
GAIMIN has developed a platform to harness this processing power and reward the individuals who allow their devices to participate in GAIMIN’s data processing network, generating a passive monetization for the participant and revenue for GAIMIN. This solves one of the gamer’s biggest problems – that of how they can fund their gaming experience both from a hardware perspective and also from an in-game experience.
The GAIMIN PC-based application
The GAIMIN PC-based application is completely free to download and run, no credit cards are required, and the gamer earns passive rewards based on the performance of their device and the number of hours it remains connected to the GAIMIN network. Typically, this equates to between $30 and $100 per month.
Gamers are the ideal demographic for a number of reasons:
- Gamers have very powerful and valuable computing resources which are often idle. The GAIMIN platform allows for automated, passive monetization of these resources when they are not being used.
- Gamers invest significant money in the GPUs that power their expensive gaming computers but these are only used on average for 4 hours per day but remain switched on and connected to the Internet. Using the GAIMIN application, the PC and its devices can passively participate in the GAIMIN Processing Power Supply Network.
- Gamers can utilize their contacts via chat and social media and gaming “channels” via the GAIMIN “Network Expansion Program” referral system and be rewarded with an ongoing 10% of the hash power contribution of anyone they refer. By simply referring just 10 additional gamers this effectively doubles the users hash contribution and accordingly, their rewards.
- No ongoing effort or knowledge is needed by the gamer. A gamer only has to download and install the GAIMIN platform and tell some friends! No knowledge needed. The GAIMIN AI Engine handles all aspects of monetization.
- The GAIMIN software does not overclock or use any other such practices which may cause any further degradation to the user’s gaming PC than would playing any of the most popular online games.
The GAIMIN Data Processing Network
The GAIMIN platform creates the optimal network to power the most profitable data processing computations, identifying the available processing devices, harnessing them to create a global data processing network with “supercomputer” processing capability and through AI, selects the most profitable use of the processing power.
Extensible monetization functionality is a key component of the GAIMIN platform. The platform currently monetizes through the powering of blockchain computations, video rendering has successfully been trialled and other functionality is planned for implementation.
The GAIMIN platform currently focuses on mining cryptocurrency to monetize services. Currently 27 cryptos are incorporated into the GAIMIN AI Engine, with more being added. GAIMIN receives mining fees for processing these computations and returns up to 90% of the rewards back to the participants in the processing network, retaining the remaining 10% for its own operations.
Passive Rewards
Rewards are paid in the form of the mined cryptocurrency, so to mitigate users receiving rewards in a multitude of different cryptocurrencies, GAIMIN consolidates rewards into a single cryptocurrency – GAIMIN’s own token, GMRX. Users receive rewards directly into their GAIMIN wallet and are free to convert their GMRX into fiat currency, another crypto currency or spend their rewards on merchandise and accessories available from GAIMIN.
GAIMIN’s GMRX Token
In order to provide tangible benefit to holders of the GMRX token, GAIMIN will launch GMRX on cryptocurrency exchanges, allowing GMRX to be traded and exchanged. Prior to the launch, GAIMIN will release 8,888 Genesis NFTs which provide the owner with a monthly GMRX airdrop for 12 months along with a physical token. These Genesis NFTs will be limited to 88 Black Gold, 2,800 Gold and 6,000 Silver with each category having its own dedicated utility. With a single purchase price and randomised allocation, purchase will be limited to 20 per person.
Gamers are incentivized by the passive reward capabilities of this token and also may see opportunities to earn in-game assets or NFTs for their favourite games, which are passively generated by dedicating the computing power of their device to the GAIMIN network.
No Gamer Left Behind…
With a target of over 1 million active users in its network, the majority of whom will be gamers,GAIMIN has a high level of social responsibility to this influential community. GAIMIN will create socially responsible approaches to gaming to ensure its community balances the enjoyment of games with the non-gaming aspects of their lives.
GAIMIN will bring gaming to under-developed countries and communities. Through future initiatives such as bespoke designed, dual GPU hardware, GAIMIN will provide access to leading edge IT systems to underprivileged global users. The provision of hardware and communications infrastructure not only benefits the recipients but GAIMIN via the data processing. The cost of these services will be covered by the processing power utilised from within the PC devices.
Disability and physical limitations to not exist in the digital world. GAIMIN will inherit this philosophy in the physical world. GAIMIN are looking to offer devices, solutions and gaming accessories that provide the gaming experience to those people whose disabilities prevent them from fully participating in a gaming experience
GAIMIN will build gamification into the GAIMIN application and dashboards. This will include themes such as personal development, personal responsibility, leadership, morals, ethics and social responsibility. Combined with formalised skills development, such as game development, computer programming, economics and education providers, GAIMIN has the power to shape 1.5 billion youthful minds.
The GAIMIN philosophy – “No gamer is left behind.”
This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Read disclaimer
