The short answer is no, Grid Labs is not seeking any outside investment at this time. Importantly however, Gridcoin as a network is not inseperable from BOINC and we do anticipate moving to a more modern infrastructure in the future such as Kubernetes. It is important to us that cruncher's computational power can flow easily between our projects and other Whitlisted BOINC projects (see "How will you protect the science?" below). We chose BOINC primarily to simplify setup for prospective crunchers and our initial implementation. The OEN, blockchain software, and network computing power is in an early but maturing stage. Third, the Gridcoin network already boasts thousands of crunchers and roughly 8 Peta FLOPS of computing power. We believe this presents a not insignificant market opportunity for certain specific applications. Second, renting computing power on the Gridcoin network is currently several orders of magnitude more cost-effective than an equivalent amount of power through standard cloud providers. First and most importantly, using the GRC currency supports the Gridcoin blockchain which supports the brilliant scientists on whom businesses like Grid Labs depend for continued exploration of our universe. Grid Labs has chosen to build our business around the Gridcoin currency and Open Economic Network for several reasons. In comparison, BOINC is a stable software project with over 20 years of active development and proven performance. The Gollem Project (using an ERC-20 based token on the Ethereum blockchain) bares many similarities to Gridcoin, but is still in very early stages of development, thus the Gollem software for coordinating compute grids is incomplete for our needs. US Dollars or Euros or even Bitcoin on the Lightning Network could be used as efficient transaction mediums, but confer no specific advantages other than broad familiarity. There are several other currencies that we could have chosen for cruncher payments. The BOINC and Science United projects are located at the University of California, Berkeley and are supported by the National Science Foundation. They investigate diseases, study climate change, discover pulsars, and do many other types of scientific research. It's easy and safe.Ībout 30 science projects use BOINC. The BOINC app, running on your computer, downloads scientific computing jobs and runs them invisibly in the background. A collection of frequently asked (or anticipated) questions What is BOINC?īOINC lets you help cutting-edge science research using your computer.
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