RE: My Thoughts About GOLEM & Its Future In Cloud-Computing
Anyone will be able to take part and earn out of having indie computer farms (on my side, I've a few contacts of internet cafes to buy off cheap 2nd hand computers if they're upgrading!).
If it's in any way popular, it won't be worth running old computers as their efficiency will not be good enough. There will be a cut off in terms of power, below which the return will be too small to consider, but the real decider will be efficiency.
So basically how much energy (and thus cash money cost) do your clock cycles cost? The 2nd hand computers might not cut it.
I think it's really misleading of some of these companies that describe it in terms of using your "unused" processing power. That so-called "unused" processing power is just unused capacity. To actually use it costs money, it's not for free as implied.
I once bought 42 computers for less than 350 USD, last year. Might be more than trouble's worth setting it up, but the actual use are the other parts, other than the cpu..
Agreed on this point - thanks for the reminder, this should be my 3rd doubt about the project.
Wow, that is pretty cheap! 😮 Nice find.
We see it with Bitcoin, it's really hard to get a foot in the door. I think these projects are probably more suited to entrepreneurs who are going to put in a significant investment, than your average computer user who doesn't use their computer that much or that intensely (in terms of processing).
The thing about the volunteer projects like SETI, Cloud Folding, etc. is that these are really donations to the project. I can't see the same thing working when applied in a for-profit venture.
I'd love to be proven wrong though, these things are really inspiring as a concept. When MaidSafe gets off the ground soon that might work better because unlike Bitcoin mining and GOLEM type systems, it's storage based instead of processing based, though obviously still uses some processing power. From their own forum though it appears to be the same, medium to large scale operations will really only be able to be competitive.
Prove me wrong kids! Prove me wrong.