GPU computing power market becomes a trend, analysis of Dynex mining project

The recent price increase of the mining currency project kaspa has once again attracted many people's attention to POW mining. Although mining activities have been banned in China in 2021, and the transformation of Ethereum to POS has greatly reduced the value of many graphics cards, the mining market has experienced nearly two years. The trough of the year.

However, with the breakthrough development of AI, some topics about the use of graphics card computing power for AI computing have gained attention, and distributed mining projects have also attracted market favor. For example, early this year, the blockchain project RNDR, which used GPU computing power for video rendering, received a lot of attention after Apple's new product launch. This means that people began to gradually use POW computing power in actual application scenarios, forming a similar The distributed buying and selling behavior of computing power. When we contribute computing power for meaningful calculations, we can obtain project token rewards. This also makes POW computing power an important step in getting rid of resource waste.

Of course, this kind of computing power market still needs time to develop under the new situation, but from the current point of view, this road may be the most likely way out for the future of mining. The Dynex introduced today is such a project.

Project Introduction

Dynex is a neuromorphic computing platform. Of course, this concept is relatively obscure. Simply put, it is a computing method model. It is a similar concept to our common classical computing or quantum computing. This neuromorphic model is suitable for some specific application scenarios. It has very good effects, such as machine learning.

But what we are more concerned about is its scenario for machine learning, which is related to AI. Then Dynex is to build a neuromorphic cloud computing platform that aggregates the computing power of miners and leases it to customers who need to use it. Customers only need to use the tokens issued by the platform to purchase the corresponding computing power and time, and Miners who complete computing tasks can receive system rewards and rental fees.

Dynex's application scenarios include, for example, finding biological RNA sequences for mathematical solutions, neural network training, quantum model simulation, quantum integer decomposition, and mathematical optimization problems in some complex scenarios. In these scenarios, in addition to AI neural network calculations, the demand may be higher in the future. In addition to being larger, the demand in other computing scenarios may not be particularly large, so this is also a small shortcoming of Dynex, and the team needs to continue to expand customers.

Introduction to mining

Generally speaking, the vision envisaged by the project team is still very good, but for the participating miners, they may pay more attention to more practical situations such as income. Currently we can use CPU and GPU to participate in mining, which is officially called PoUW. The graphics card needs to support CUDA NVIDIA GPU, and there are also third-party software showing support for AMD GPU.

Dynex will be launched in 2022. Not many people paid attention to it before. In June this year, exchanges such as Matcha were launched, which gradually attracted people's attention. At present, we can mine by participating in mining pools.

To create a wallet, you can use the official online wallet or download wallet software. Considering the complexity, creating an online wallet is relatively simple, https://wallet.dynexcoin.org/

Enter your email address and password to create, and log in after the creation is complete.

At present, the mining pool mainly supports the following pools. It can be seen from this that although the project has been mined for about a year, it is actually still in its early stages and the popularity is relatively low. We can regard it as a small mining currency.

Commonly used mining software are SRBMiner, OneZeroMiner and DynexSlove

https://github.com/doktor83/SRBMiner-Multi/releases

https://github.com/OneZeroMiner/onezerominer/releases

https://github.com/dynexcoin/Dynex/releases

For specific settings, you can refer to common mining setting methods and set them according to the requirements of the selected pool.

It should be noted that when connecting to the mining pool for the first time, you need to download the Mallob file. We need to fill in the address of the configured Mallob in the configuration file (some mining software comes with its own Mallob file, you can save the need to fill in the address, and only need to fill in the mining address. and port)

Taking neuropool as an example, using onezero software, we only need to modify the wallet and mining pool addresses (the mining pool address does not need to be modified)

At present, the computing power of 3080 is about 4k (after limiting the power), which means that the income of one card is about 0.49 DNX, and the value is 0.47U. If calculated based on the electricity cost of 0.5 yuan, the basic income is relatively low.

Summarize

From Dynex, we can see that integrating user graphics card computing power to solve practical problems has actually become one of the development options for future mining. We have also seen some similar projects before, and this trend is also increasing, and this can also change. People's traditional understanding of mining has led the industry to truly move away from reality.

Of course, before this happens, the market needs to recognize this behavior first, and there needs to be certain interests among the participants. For example, miners need to earn profits and cover their expenditure costs, and users of computing services also need to reduce corresponding costs, so it can It is foreseen that what can really win profits is not the entire economic model of use and rewards, but external investors' recognition of the project's development prospects.