LimeWire, recognized for its standard P2P shopper for downloading music and different information, has launched Blocknode, a platform that permits customers to hire synthetic intelligence powered by graphical processing items (GPUs) to those that want to enhance their workloads.
Customers keen on boosting the efficiency of their infrastructure with AI will have the ability to entry the suppliers’ GPUs on demand or in spot, sproviders which have completely different traits.
Within the on-demand format, Uninterrupted entry to computing energy is assured. In spotprices are decrease and entry to computing energy is dependent upon availability.
In line with LimeWire, this rental service serves “to optimize the prices and efficiency of your AI workloads, making it good for researchers, builders, and companies alike.”
As it is a peer-to-peer (P2P) community, or extra precisely a business-to-business (B2B) community, the GPUs accessible for hire will probably be provided by different community members, who can earn LMWR tokens. On the time of writing, the value of this token is 0.19 USD. and is positioned within the place 485 within the CoinMarketCap rating.
Received idle GPUs? Monetize spare capability and earn $LMWR by becoming a member of our decentralized community! With Blocknode, you’ll be able to hire out unused computing energy to AI firms, maximizing your {hardware} utilization and producing income.
LimeWire, P2P shopper with cryptocurrencies.
LimeWire claims that LMWR capabilities because the utility token for its complete community, together with Blocknode and its AI-powered generative content material platform, previously an NFT ecosystem, as reported by CriptoNoticias.
LimeWire at present has a ready checklist open to enroll through e-mail for early entry to Blocknode GPUs.
There will probably be a number of methods to affix Blocknode’s providers. One is through e-mail and cost by bank card. One other is nameless, paying in cryptocurrencies, and utilizing ERC-20 wallets like MetaMask.
As an add-on, Blocknode will provide reductions on GPU purchases if the LimeWire token is used as cost.
How does Blocknode work?
Blocknode runs on the BNB Chain. Funds from purchasers hiring GPUs fund good contracts that run AI workloads, after which the community calculates LMWR token rewards, that are then distributed to GPU suppliers.
The tokens given as rewards come from a fund that’s sustained because of the buybacks that Blocknode applies of its personal utility token.
Blocknodes claims the next on its web site:
To make sure a sustainable reward pool for GPU suppliers, Blocknode commonly conducts buybacks of LMWR tokens from the open market utilizing funds from GPU clients.
LimeWire, P2P shopper with cryptocurrencies.
Blocknode, LimeWire’s initiative, was launched on the Token2049 conference in 2024 in Singapore. Model one of many nodes on the community will probably be launched in early 2025in accordance with the roadmap of the corporate.
Initially, this service will probably be accessible to companies capable of present computing energy and to clients who require it. In the long run, Blocknode says it is going to enable retail GPU suppliers to attach their computer systems to the Blocknode community and hire out their computing energy for revenue.