Russian startup: how to make money on your own computer using blockchain

The startup SONM (Supercomputer Organized by Network Mining) is trying to use decentralization in the server capacity market. The company provides each market participant with the opportunity to make money on the performance of their own computer, eliminating intermediaries between the customer and the owner of the hardware.

Essentially, it is a global decentralized market that brings together providers who want to share the computing power of their equipment and users who want to rent this power for their projects.

Processing: what is it and where did it come from?

Processing (from the English to process - calculate) is the processing of data using the power of a computer. The prerequisite for its emergence was the problem of growing volumes of information with limited resource capabilities for its collection, analysis and systematization. Working with large volumes of information requires powerful and expensive servers. Their purchase, rent and maintenance is a significant blow to the budget. Not every company can bear such costs.

Individual private and public organizations in the United States faced such difficulties at the end of the last century. As a result, an unprecedented solution was proposed - to involve external “workforce” in the processing of corporate data.

The implementation of the idea became possible thanks to the development of the Internet and the multi-million army of its users. A voluminous task is divided into small fragments and distributed among participants in the computer network. This method of performing complex calculations is much cheaper and simpler from a technical point of view.

Mining processors (comparison table)

The choice of equipment begins with a detailed comparison of the capabilities of processors intended for mining, for which you can use a comparison table.

It is proposed to use the following as the main parameters for comparison:

• hashrate;
• cost;
• number of cores/threads;
• base frequency/overclocking capabilities.

As a result, we get a small comparison table.

Table "Processors for mining"

This summary provides the necessary material for analysis. Purchasing old models is irrational, as it is not profitable or even unprofitable.

Setting up a processor for mining

Having chosen the appropriate equipment, it’s time to move on to the next stage - setting up the processor for mining. This is done in four steps:

1. The wallet is installed. To download, use the website of the coin that you decided to mine. After which the wallet is synchronized with the network and the address is determined. You should immediately start selecting a convenient exchanger that works 24/7 and offers a suitable exchange rate.

It is rational to choose an exchanger that offers a multi-level affiliate program. Over time, it will begin to bring in good additional profit, especially if you attract new clients.

1. A miner suitable for mining the intended crypt is selected and installed.
2. A file with the .bat extension is created, in which the parameters necessary for the work are written.
3. Testing and launch is underway.

CPU overclocking for mining

Overclocking the processor for mining will make mining more productive.

It is possible to act in two ways:

1. Use different versions of programs specifically designed for overclocking. This decision is fully justified if the use of the second method is limited. The risk is the high probability of errors in programs.
2. Overclock from BIOS.

An increase in frequency is associated with an impact on two parameters: the multiplier and the bus, separately or together.

On modern Intel models, changing the multiplier is not allowed. We will have to limit ourselves to the impact on the tire.

Increasing the bus frequency allows for greater effect. It is associated with indicating the minimum parameter for the memory frequency (the motherboard manual will tell you where to look for this option). This limitation will help ensure stable operation of the memory, which will not interfere with overclocking. Now you can go to it directly. It is recommended not to rush, raising the frequency by 10 MHz first. After saving the parameters and loading into Windows, the following check is carried out:

• with the help of a special utility does overclocking occur;
• on any game - is stability maintained;
• whether the processor temperature has risen above 60°C.

Where is processing applied?

Pioneers in the field of processing were John Schoch and John Hupp from the Xerox PARC Research Center (California). In 1973, the guys wrote a program that connected to the PARC local network at night and forced running computers to perform mathematical operations. This approach gained mass popularity in 1994, and since then it has been improved and popularized.

Today, distributed computing is used in various industries:

• Scientific research,
• game creation,
• rendering of architectural projects,
• processing of the human genome,
• space exploration,
• physics,
• astronomy,
• biology, etc.

Where it all began

First, Ponomarev studied a number of similar projects (GridCoin, Elastic, FoldingCoin, Primecoin) and settled on the Berkeley University idea for GRID computing BOINC.

GRID computing (English grid - lattice, network) is a form of distributed computing in which a “virtual supercomputer” is presented in the form of clusters connected via a network.

Then Ponomarev was going to buy the Russian blockchain service [email protected] from Andrey Voronkov, who was developing new pharmaceuticals. As a result, they joined forces. Later Alexey Antonov joined, proposing to refine the concept to create a universal decentralized supercomputer. He also became the first investor, before the public ICO.

During the ICO, held in June 2022, the startup raised $42 million and sold 80% of the tokens among 9 thousand people. Over the year, the company's value increased to $253 million, which, however, does not in any way affect the company's profitability indicators. In June of the same year, the founders of SONM announced and implemented a pilot project for a distributed server for the game Quake III.

The project now brings together 70 employees and more than 500 testers. The company cooperates with the OpenFog consortium and hosting provider Selectel. The co-founders hope to soon release updates that will allow 50 interested companies to participate in the project, and create a tool for protecting data when computing on trusted computers.

How is the processing network structured?

The computing system consists of individual PCs running a distributed operating system. Elements cooperate with each other to efficiently use network resources. Individual machines may run multiple or just one OS. For example, all desktops use the UNIX platform. But a more realistic option is when computers have different software systems: one part runs NetWare, the second runs Windows NT, the third runs Linux, and the rest runs Windows 10.

Operating systems operate independently of each other. That is, each of them independently makes decisions about the creation and completion of internal processes and the management of local resources. But in any case, a set of mutually agreed upon protocols is required. They serve to organize communication processes running on ordinary machines and distribute power resources between individual users.

Content

• How to start mining on your home computer in 2022
• How much can you earn
• Why you shouldn't mine on laptops
• PC or farm - which is more profitable?
• Home PC alternative
• Conclusion

If you are stuck in 2010, when mining at home was still relevant, then this article is especially for you. Now we will talk about whether it is possible to mine digital currency at home, how to do it, and whether mining cryptocurrency on a home PC is even profitable.

How to earn income using PC power?

Earning money from a system unit does not require additional investments, and the money “drips” automatically, without the participation of the user. All you need for this is an advanced (preferably) computer and access to the Internet.

To engage in this type of fishing, you must go through four steps:

1) register on the website of a company that specializes in processing;

2) download and install special software that will direct the computing power of your machine in the right direction;

3) open a PayPal or WebMoney web wallet (payment is carried out mainly by Western companies and in electronic currency);

4) launch the desktop and go online.

The program will do the rest on its own.

Flaws

Using computing power to earn money, you may encounter some problems. Programs installed on a computer are of different types. Some of them pursue research purposes, others are funded by webmasters, others are related to the search for bitcoins, etc.

It is necessary to rent out a processor whose power the user practically does not use. Otherwise, freezing and slow operation of the machine cannot be avoided. Such programs can reduce the performance of even weaker computers. The calculations performed do not create any noise.

However, they still affect the operation of the device. For many, the problem is that there is no information about the customer or the nature of the calculations performed on your processor. Another unpleasant point is that if you want to increase your income, you will have to purchase additional streams. Don’t forget that there is a risk of stumbling upon scammers running financial pyramid schemes.

Which processing project to choose?

Let’s briefly look at the work resources that offer to make money from processing. Examples of these are:

• Gomezpeerzone,
• WMZONA,
• MINERGATE,
• LTcraft,
• User.

Most projects are open to citizens of any country. It does not matter what method of connecting to the Internet is used (dial-up, ISDN connection, DSL, etc.).

According to the developers, the use of partner computers is carried out for the purpose of studying the throughput of online channels, checking for errors in the codes of browsers, sites and other software on the World Wide Web.

When installing applications, you must enter your login and desktop name. This must be done very carefully so that the money earned is transferred for its intended purpose.

How much can you earn?

The financial side of the issue does not look very attractive. In other words, you won’t be able to make a fortune. But even a small income is a pleasant bonus, because you don’t have to do practically anything.

Below are the payment statistics of the Gomezpeerzone company:

- one day of work - 10 cents;

— 1 dollar for each active referral within the affiliate program;

— the minimum payment at the end of the month is $5;

— the maximum amount for withdrawal is 45 USD.

Distributed operating systems unite tens of thousands of people from different parts of the Earth. The most active ones were able to save several thousand dollars. But so far the amount in the absolute leader’s account is only a four-digit number.

What does earning money on a video card depend on?

[adsense1] Before you start directly mining, let's determine what advantages of this kind of earnings exist. Is it worth providing personal equipment for the needs of others, and if so, what is the payback period?

Earning money on a video card can become the main source of profit. For such purposes, experienced users expand the number of cards on their devices and create so-called “farms”. Production capacity increases dramatically, and load distribution relieves excess stress from video cards and extends their life.

It is very difficult to give exact figures on earnings on a video card. There are many factors that influence profit margins.

Key points that will affect the amount of earnings on a video card:

• type of video card and its production capacity;
• how long the computer has been running;
• prices for work.

In the best scenarios, mining professionals recoup the money invested in additional capacity in 5-6 months. The rest of the time you get pure profit.

A referral network can become an important component of your passive income. Not many users know about this method of getting money out of thin air, so assembling your own affiliate team will not be difficult.

About 35% of services offer bonuses when you reach high monthly rates, and this is another +10-20% to your monthly passive income from a video card.