MiningCloud? Cloud Coin? You what mate?
Incentivized Cloud Computing
We are all familiar with Cloud Computing, at its core, how anonymous instances of compute that a volatile can be spun up and provisioned with access to the end user of the Cloud Service… to fully well designed Network Infrastructure and DevOps As-a-Service. Then I think, all that compute power, those miners are ‘spending’ mining, and I bet 95% of them don’t really know what their mining… Hmmm, anonymous instances of computing, don’t really know what their mining…anonymous instances of Compute, as used by a general purpose Cloud…. Bingo!
The reverse of cloud mining is a Mining Cloud where people who have good hardware host running instances of other peoples software or servers or docker containers or whatever.
These “Good Hardware” Miners ‘Join the Mesh’ of the Mining Cloud and they get paid in digital currency, lets call it CloudCoin, for the amount of solid Compute and bandwidth they ‘Mine’ or are able to run. The miners wont know what instances are running and computer instances could be provisioned and unprovisioned autonomously.
The Business Model“Instances must run autonomously and anonymously.”
People who want their software hosted will gladly pay for their instances. It is not like they would not on the alternatives. It is like AWS or Google Cloud yet the datacenter is the Miner’s machines, the Cloud is the collective set of miners pooled.
“Rewarding ‘Miners’ for Cloud-Compute Horsepower”
It is a simple yet solid business model; It is the spread between what the miners earn and what the end user will pay for their instances.
Trust, Reliability and Concerns
One thing that would have to be sorted out is trust….. Miners usually form pools. Maybe if the pools have certain quality, trust and security standards in them that could be a good place start. The instances must run autonomously and anonymously, and somehow the customer has to have that trust of security before they will use such a service.
In 2009 to 2013, It was hard enough to get the general public to buy into the idea of cloud computing due to security concerns of their instances privacy, and that was with Hosting companies like AWS. It will be even harder to get them to buy into a distributed cloud like I have described.
Also people don’t like the idea of their instance being volatile. So there is a concern on how run mining containers so customers get reliable lifespan of their instances. The concept of ‘reserved instances’ may be hard to roll out with this kind of compute model, maybe through redundancy on stateless instances in a mining pool, but some solution must be thought of.