/biz/ - Business & Finance

>>9535550
What does this token do? Who are your competitors?

when projects utilize iExec for their side chain scaling solutions, how will the coin be utilized by these projects? i'm thinking about Shopin, which claims that iExec performed over 1 million TPS under lab conditions. will Shopin need to purchase RLC coins or how will that go?

>>9535550
what makes larping so fun?

>>9535581
>1 million tx/s
Who the fuck pays for the power and hardware? Seriously. This is the workload for a proper cluster that costs millions to build and operate and the costs associated don't get less just because you spread it out, especially if its done on a slow infrastructure like a trustless blockchain or the internet in general.

TL;DR the economics and logistics of these claims make no sense

>>9535575
this is such a generic question im going to refer you to the whitepaper which answers everything- updated recently https://iex.ec/whitepaper/iExec-WPv3.0-English.pdf

>>9535581
this is a common misunderstanding- that TPS was performed because they were using BigChainDB - yes they will need to purchase rlc for anything that involves computations- this is similar to how AWS lambda works https://aws.amazon.com/lambda/?hp=tile&story=matson

>>9535585
being able to speak your mind and remain some level of anonymity, im able to speak freely without angering the higherups should i slip up

>>9535653
like i said earlier, the claim of 1million tps was only achieved using bigchainDB which is a seperate product that is used in federated chains

As far as scaling for decentralized computing power goes... Is it possible for other blockchains integrate merged mining like BTC through RSK has? What is the theoretical limit of processing power that can be hosted through the platform?

Riddle Anon here. RLC is one out of the four blockchain projects I'm invested in. I predict big data and AI to be huge usecases for iExec. B for I believe

What price do u predict this coin will hit eom and eoy?

>>9535670
It's not like the whole cloud computation/HPC claims didn't have the exact same issue

>>9535550
What are the token economics for this project?

>>9535550
>Typing as a 12 year old.
Gtfo

>>9535736
This is 4chan everyone here types like that. lol. There is an Anon in everyone.

:3

>>9535673
you could, it will never be as profitable do to asics- the iexec network is for generalized computer at this time

>>9535687
not sure what your saying here, please explain

>>9535708
staking of coins combined with our deploy on any blockchain strategy, we think this is effective in driving demand

>>9535673
you could, it will never be as profitable due to asics- the iexec network is for generalized compute at this time

>>9535687
not sure what your saying here, please explain

>>9535708
staking of coins combined with our deploy on any blockchain strategy, we think this is effective in driving demand

Price predictions for EOY?

>>9535774
price predictions are foolish - honestly we just keep developing and finally its starting to get noticed.

>>9535753
>please explain
Its a cloud computing service

Cloud/high performance computing needs fast and efficient hardware and communication infrastructure.

Blockchains are neither, so where is it and who's paying for it? Should be an easy enough question?

>>9535656
>https://iex.ec/whitepaper/iExec-WPv3.0-English.pdf
Thanks for the answer...I guess having an answer for a generic question is now a finger point to a whitepaper. Smfh

>>9535788
Well, that's fair. You think it's still early to invest?

>>9535791
you have two levers in building a blockchain
>1)speed
>2) security

imagine they are able to each be dialed up to 10

ethereum for example would be a 10 on security and a 2 on speed

iexec is a 11 on speed and a 2 on security ( remediating this issue with PoCo)


instead of having to execute one task repeatedly across all nodes, iexec can send different pieces of a task to many nodes- splitting up the task to be worked on in tandem

>>9535814
When ETH switches to Proof of Stake, there is a high probability chance that ETH miners will move their power to the RLC platform b/c profit. Besides there are coins with less function that are worth more. Fundamentally RLC is looking very good. One should always proceed with caution when speculating but this is actually solid coin.

>>9535795
are you the same retard that comes to every freaking RLC thread and can't read simple whitepaper

this is driving me insane

>>9535795
its used for high performance computing or executing code that would typically bog down the ethereum network( or most any blockchain for that matter)

only competitor is golem but we see them as very far behind us technologically-

>>9535852
So I show up with a workload that's going to take eg 100MM CPU-hours. And the dataset is 700TB large. (Lets say we render the next disney movie)

You're telling me you're going to chunk all that data. Send it over the fucking internet. Calculate it on people's laptops n shit, and send it all back.

And this is competitive against simply renting timeslots on some supercomputer.

Did I get that right? Because that sounds like a load of wank to me

>>9535896
why would they do it all in one batch that large? wouldn't they do better breaking it down and having it rendered accordingly?

>>9535861
No this is my first time asking about this token.
>>9535880
Ty for answering. So I know Golem is going for I think graphics so which niche in the industry are you guys are going to use the computing power towards?

Super informative thread for a brainlet like myself
About to unironically buy 100k.

>>9535906
That changes absolutely nothing about the total workload, network usage or ressources required, or the efficiency thereof

>>9535550
Could you give us a list of use cases for this project?

>>9535880
SONM is a competitor. COLX wants to be there but talks to much about what they are going to do instead of just doing it imo.

>>9535929
trying to do one data stream of 700 tb is way different than breaking it down by a magnitude of 50x or so

>>9535946
This.

>>9535550
Can you explain how RLC is related to intel?

>>9535946
How is rendering 700TB of raw video different than rendering 140TB x5? Even if it were, the whole point of cloud/HPC is to work with distributable workloads, so you're going to chunk it anyway.

>>9535896
you will be charged for going over a certain size of data, just like aws lambda does

yes it will be extremely competitive

>>9535926
right now we are targetting developers ( think cryptiokitties and the like) in time anyone could use the iexec network. we imagine many applications making calls off chain to cpmute on iexec- read up on AWS lambda if you want to see an example of how this works

>>9535970
Split load...always easier.

>>9535880

There's also SONM who are going after the fog network to begin with, iExec will move towards this once it's established for dApps.

iExec's team is an all star team compared to SONM and golem

(From the whitepaper)

>>9535550
Explain the Proof of Contribution and how it applies to say hodlers?

I have a low spec laptop, but my rlc stack of 9k is pretty sizeable. Will I be able to take advantage of the PoC?

>>9535970
What part don't you understand? It's the difference between trying to take all of the groceries at one time by yourself and having several people do it at one time. both result in having all of the groceries there at the end but one is way harder. If they split it up they will get a better result. No reason to do 700 tb at one time from one source.

>>9535970

You are aware that Netflix do so if their rendering and video processing on AWS with EC2 containers right?

The data is so big that it's bigger than the disk size on the EC2 containers, therefore they split the raw video into smaller chunks for processing and glue it on the other end before going into S3.

The exact same csn be done in iexec's network, except cheaper and faster

>>9535981
>yes it will be extremely competitive
You still fail to explain how a system of distributed general computation units can beat a centralized specialized system built for efficiency in terms of efficiency.

I highly doubt your rag-tag group of computers will beat the price/performance ratio of whatever dell or siemens sell on their cluster branch. Just saying.

>>9536018
>Ffs autocorrect

*all of their rendering

>>9535981
See >>9536002

>>9536014
You realize a computing cluster is literally just a lot of computers, do you? Otherwise you should probably not contribute to a discussion about economics of efficient cloud architectures

>>9535943
not trying to be rude, we have seen sonm and we have been around long enough that the way they are going about it is completely wrong, its like building a house and starting out building the attic first (hints it wont work)

>>9535957
intel was interested in us because we are using there technology (SGX) to secure tasks on worker computers

>>9536048
I am not talking about the cluster of computers we are talking about sending a super large batch of data at one time which would be stupid and bottleneck how fast you can get it done.

>>9536047
>>9536055
Pls notice me senpai

i have to go now, train to catch, i will try to follow up with the other questions later tonight

>>9536071
So you get more internet connections and send the workload in parallel? Pretty sure that's not what this coin does, or what internet providers will let you do

>>9536048
He used an analogy to explain it to you and you completely missed the point lmao you're too dumb to buy RLC please don't

>>9536023

That's the beauty of the iExec network, when you submit your task contract with your requirements, you may very well select a cluster with the appropriate specs, but you can distribute the workload across multiple clusters with the appropriate specs.

No one is saying spare resource on a mobile phone is going to compete with a centralised super computer, what we're saying is if you split the task across the network you don't need each device to have superior processing power.

I can pay 10k mobiles to use a small amount of resource to render a few frames each asynchronously, or ask an expensive super computer to render it synchronously.

They might finish at the same time but the decentralised version will be much cheaper

>>9536127
>ask an expensive super computer to render it synchronously.
This is bot how high performance computing works dude.

There is no real-world application that requires non-parallelizable computation of that magnitude.
If you think this somehow isn't true I urge you to see that a supercomputer indeed has many CPUs and not one hyper powerful. Which also don't exist.

>>9536055
Interesting opinion on SONM, what do you think about Elastic Project?

Bamp

I wish for iExec to partner with Microsoft to integrate iExec into Microsoft Windows 10 so every average Windows user can sell their idle computing power easily in a single mouse click. Also partner with Apple to integrate iExec into MacOS. Partner with Linux to integrate iExec into Linux.

Please make this happen.

>>9537084
That would be crazy.
I could see them doing it.

>>9537084
Well intel is on board. So.... ya.

Bamp for op

this is a good thread explaining iexec
bump for anyone looking into it

when can i farm shrimp on it?

>>9538545
Whenever someone makes a shrimp farming dApp
probably within the year

>>9535676
Other 3?

>>9535550
Are you gonna use Request Network? What do you think of their team?

This is a super comfy thread, thank you OP, iexecutives will do their part.

>>9539819
keepin it alive

scam coin

Bumperoni

when moon

>>9541079
never

>>9541133
thanks just sold 100k

Awesome thread.

>>9539277
bump these questions. come back OP

>>9539277
REQ and RLC will be using each other’s services

>>9537084
It's not financially sound. You see, the buyer will want to take the best offer.

In practice this means if you pay 0.1 USD/kwh but your "competitor" pays only 0.05 USD/kwh then he will out compete you and you will not sell your processing power to anyone.

>>9541957
It's more complicated than that, there are pools involved too so you will most likely always find work, maybe you won't make a sustainable margin (or even no margin at all) but you will always find work.