Golem releases laptop app to mine Ethereum … but turning a profit is tricky
Mining Ethereum on a home PC can be done, but profits will be few and far between. The Golem Network has launched an app that allows users to mine Ethereum on their laptops, but it could be a long time before riches can be reaped.The decentralized computing resources sharing platform released the Thorg app that allows users to mine Ethereum on Windows-based PCs and laptops.The app runs in the background and harnesses unused computing power to process the calculations required for proof-of-working mining. Users are rewarded in Golem’s native GLM token however, and not Ethereum.The system....
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WARSAW, Poland — Golem wants to provide what it calls the “Airbnb for computers,” a first-of-its-kind decentralized market for shared computing power. The company hopes the public will find its goals appealing, as it will open a crowdsale for the Golem Network Token (GNT) on November 11, 2016. Golem: Building a Supercomputer on the Blockchain. This decentralized, Ethereum-based service, once up and running, will reportedly allow people to rent out unused computing power in exchange for cryptocurrency. On the other end of the service, costs for resource-intensive processes will decline,....
Golem, one of the latest ethereum-based projects and blockchain assets, is set to begin its public crowdfunding today. Often described as “Airbnb for computers”, the Golem team intends to use the funding to build out a network for renting unused computing power (CPU or GPU cycles) amongst users, existing as decentralized, open-source software on the ethereum blockchain. As a two-sided market, Golem allows users to either: Sell unused computational resources (CPU or GPU time) to others, or. Buy unused computational resources (CPU or GPU time) from others. As consumers' and businesses'....
The Ethereum price has fallen by around -25% since its mid-March peak at around $4,100 and is currently trading just above $3,000. While this loss is in line with the broader market trend and in particular Bitcoin’s price drop of about -22% in the same time, there could be another reason for ETH’s price slump, which seems plausible since the German government only sells BTC and not ETH, and Mt. Gox doesn’t own any ETH either. But what if Ethereum has its very own “Mt. Gox“? Is The Ethereum Price Suppressed By Golem? Chinese crypto journalist Colin Wu (@WuBlockchain)....
Decentralized global market for computing power, Golem, has announced that its Golem Network Token (GNT) crowdsale will begin on Nov. 11. The announcement claims that the token is a crucial element of the Golem network, and is designed to ensure flexibility and control over the future evolution of the project. Eddy Azar of Golem Project, tells Cointelegraph that the network, which will kick off fully in about six months time, shall be available for any computer to connect to by simply downloading a given program. The Promise of a Supercomputer. Golem has been described by its creators as a....
A bug discovered last month could have potentially emptied exchange accounts holding digital tokens used to power the ethereum-based distributed application Golem. However, due to the nature of the bug, it could also have been used on other ethereum tokens listed at the exchange. That's because it used the platform's ERC-20 standard, a feature that has won advocates in the exchange sector due to its ability to reduce the time it takes exchanges to add new coins. However, a Golem supporter and a GNT holder found the bug on 18th March and reported it to the developer team before it could be....