In the race to stay atop the competition, the demand to introduce something new to the market has only risen with time. To be able to make a mark in the industry, a company must bring something new and functional to its users.
Amongst the companies that have successfully distinguished themselves, GAIMIN’s name tops the list. Co-founded by a team of visionary entrepreneurs in 2017, the company stands among the most progressive gaming companies globally. GAIMIN.io works on an entirely different model that focuses on targeting PC gamers.
The company leverages gaming PCs to monetize its computational power. Gamers own powerful and valuable computing resources that are often left unused. They invest significant money in the GPU that powers their expensive gaming computers. However, even hardcore “Fortnite” players tend to leave their PCs idle for a significant part of each day. This means they have high-powered resources, like their GPU processing capability, sitting idle for prolonged hours every day (on average), which offers a perfect opportunity to monetize the computational power passively.
The GAIMIN platform automatically monetizes these resources passively when they are not being used. Gamer’s PCs are connected to the Internet by high-speed connections, which allow their processing power to easily be aggregated to the GAIMIN Distributed Data Processing Network ready for monetization. GAIMIN can then monetize this GPU power when it is not being used without disturbing the gamer’s experience and reward the gamer with purchasing power.
Gamers can then leverage their contacts through social media and chats or gaming “channels” under GAIMIN’s “Network Expansion Program,” which is a referral system. In return, gamers receive rewards with an ongoing 10% of the hash power contribution for everyone they refer. With ten additional gamers (referrals), the users’ hash contributions and rewards are doubled.
Moreover, gamers do not need additional knowledge or input efforts. All they have to do is download and install the GAIMIN platform and tell some friends; the rest is handled by GAIMIN’s AI Engine.
GAIMIN’s desktop software encourages the user to leave their PC turned on when they are not active via “functional monetization” which consists of the use of visual goals (purchases possible from the marketplace and time needed to achieve them) and gamification (instant gratification) rewards. Both of these strategies are used with great success generally in the gaming industry. The software does not overclock or use any other such practices that might cause additional harm to the user’s gaming PC.
The GAIMIN app is designed to monetize available devices through a number of different services. Currently, the app monetizes through the provision of video rendering services and powering blockchain computations (mining).
Video rendering is the more profitable monetization service, but its service delivery is ad hoc in nature, dependent on service users requiring the rendering of videos. The powering of blockchain computations is the “always available” option.
When GAIMIN receives a service requirement, the AI Engine assesses the requirement and creates the monetization network to deliver the service. Video rendering services have specific requirements, for example, the same devices running the same version of drivers. The AI Engine identifies available devices for the service, builds its network, and deploys the data into the network for processing.
When powering blockchain computations, the GAIMIN AI Engine identifies the most profitable crypto to power at any given time and deploys the network of available devices to that crypto. Different cryptos have different device requirements. For example, to power Ethereum computations, a GPU with greater than 4Gb of RAM is required. If a device has less than 4Gb RAM, then other cryptos, such as RavenCoin, can be mined.
The GAIMIN AI Engine continually monitors available devices and directs those devices into different data processing networks dependent on device characteristics and data processing network requirements.
Currently, the most profitable crypto to mine is Ethereum; however, this is likely to change when Ethereum moves from PoW to PoS. GAIMIN already has its operations ready for this change through the introduction of new coins and additional functional monetization services.
GAIMIN’s approach to monetization is often compared with other companies that focus solely on crypto mining. Although GAIMIN does power blockchain computations, this is only when other data processing functionality is not required. The GAIMIN AI system reverts to powering blockchain computations as a fallback solution so direct comparison with GAIMIN as a mining company is incorrect.
Over time, GAIMIN will implement more functionality to deliver services that effectively utilize a distributed data processing network, with the GAIMIN AI Engine selecting the most appropriate use of the data processing network at any given time and based on a number of factors, including device availability, device performance, data processing service, and client requirements.
Opinions expressed by NY Weekly contributors are their own.
