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altumea

Decentralized GPU Computing

Finished

Finished: 6 months 3 weeks ago

Start Date

18th of April 2018

End Date

28th of April 2018

Country: Estonia

Ticker/Symbol MEA
Price 1 MEA = 0.001 ETH
TokenType ERC20
Platform Ethereum
Hardcap   30 000,00
Softcap   1 000,00
Raised 0,00
ICO Score
4.1
Team:
0.0
Vision:
0.0
Product:
0.0
Profile:
2.8

Info

Currently all crypto -miners are faced with the problem of lower utilization, decreasing efficiency due to proof -of -work system, which is essential to mine cryptocoins. Issues such as growing competition and consolidation of miner pools, have added to the existing woes of crypto -miners, making their investments unfeasible. By using distributed computing, features of the cloud, and the benefits of block chain, we will be giving miners other options for revenue from GPU investment.
Miners will have the option to bid on the requests from users, and based on the smart contract system discussed earlier, all payments for usage will be secured.
This distributed cloud based model of processing, backed up by the blockchain network, is a compelling solution, because of the millions of users connected to the blockchain with underutilized capacity.
This would also bring existing GPU owners, with spare capacity, on to the network. Most of these GPUs remain idle, when they are not in use by their owner. Using Altumea could be an excellent potential source of revenue and monetization for such owners, by permitting their GPU to perform tasks in exchange for tokens, which could then be exchanged for cryptocurrencies and/or fiat currencies.

Team

Andrey Nikolov

CEO

Delyan Keremedchiev

CTO

Dmitriy Androsov

Lead Developer

Anna Ofii

GPU Computation Specialist

Olena Rudenko

PR & Communications

Helen Khomchuk

Community Manager

Advisors

Ivo Valentinov

Roadmap

2017 Team building Seed round completed. Work started
2018 Token Sale Campaign Distributed CUDA calculation prototype Distributed data transfer processing Market protocol, blockchain integration prototype and test
2019 Computation consensus validation system Blockchain based reputation ledger prototype Alpha launch Distributed OpenCL calculation prototype, deep learning tools
2020 Reputation ledger and market protocol actualization and beta launch Advanced node protocol actualization and beta launch DApps integration use cases Release launch

Medium News

Twitter

Important news! Altumea has frozen the token sale campaign and here we explain why. Thank you for all your feedback and support! We’ll be back! https://t.co/6MgYnVhKEM

Did you know that #blockchain can be used to build the world’s largest #supercomputer? In fact, some folks have already made significant attempts in that direction. #Altumea, for instance https://t.co/iNaBarHuLf

We are often asked, “How does #Altumea differ from #Golem?” First, they are to solve different problems. Here we explain it in detail https://t.co/hctfhsUb2M

The public delivery model is estimated to dominate #GPU as a service market in 2024, according to Global Market Insight. Scientists and engineers need access to parallel computational power, which'll mean virtual machines with GPUs that are capable of high performance. https://t.co/KxR0eJ2fDa

What is a #blockchain and how does it work? Here is an explanation why blockchains are so special in simple English https://t.co/bJTb9JpIJ5

Meet Andrey Nikolov, the man behind Altumea’s idea. We talked about decentralized computing, future of #blockchain and how #miners can help science. https://t.co/m0U9fj9RGo

#AI sarcasm detector is no joke. #GPUcomputing #nvidia https://t.co/7mlr6vqdtg

Did you know that we’ve upgraded our website? Now it has all the information you need to know about the #Altumea Project. #GPUcomputing #blockchain https://t.co/ANhDLk8DBx https://t.co/mS0pXUwDd3

From weather forecasting to neuroscience, from astrophysics to playing chess, supercomputers can help a wide range of researchers. Let's see how do scientists apply #supercomputers? https://t.co/WHl2e9GYxa

Over three million add-in boards (AIBs) were sold to cryptocurrency miners worth $776 million in 2017. #GPUmarket https://t.co/iRlASdOnvv

#Blockchain has become a powerful alternative to validating and securing transactions between the two parties, who do not completely trust one another or want to have additional guarantees. https://t.co/yWVdeA9oWj

Global GPU as a service market is predicted to exceed $5 billion by 2024, according to a new research report by Global Market Insights. The market is booming due to an increase in demand for visual effects in gaming and entertainment apps. https://t.co/bPoRxP31RP

Wonder what is a #supercomputer and how it works? We've got an answer here! https://t.co/N3LsjKATJk

#Bitcoin-related technologies are making a revolution in property rights, banking, remote education, private law, and crowd-funding. Here is a TEDx talk about this process by tech entrepreneur and mathematician Charles Hoskinson. #blockchain https://t.co/1DVt7iDUj3

What to anticipate from the key players on GPU market in 2018. Check our new post at medium and clap???? https://t.co/gVh8iXizz7

Have any questions about Altumea? Join our Telegram group to be first to get announcements and talk directly with the team. #blockchain #GPUcomputing https://t.co/qLlYAX5nld

???? Wonder how Altumea works? ????Here is a video explainer #GPU #HPC #blockchain https://t.co/KNGjr1TDj4

Over several decades, the GPU evolved from a single core, fixed function hardware used for graphics solely, to a set of programmable parallel cores. Let’s have a look at some milestones in the fascinating history of the GPU. https://t.co/71zaIPY02u https://t.co/Ogt84UNL89

Join the Altumea Medium channel. Follow, read, applaud and comment on our posts https://t.co/kUYN8VYnKc

#GPU as a service market was estimated at over $200m in 2016. Moreover, it is going to expand with a compound growth rate of 30% from 2017 to 2024, according to research from Global Market Insights. https://t.co/LNuRy7wAog

The profitability of #cryptocurrency mining is expected to shrink over time, while the demand for advanced computation will only grow. Here comes distributed computing.#blockchain https://t.co/PfAE8BBZ1v

I just published “MEA Pre-Sale is Live!” https://t.co/Qo1lCV88eG

Altumea Token Sale is NOW LIVE! https://t.co/ANhDLk8DBx