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What is a Graphics Processing Unit (GPU)

Market Analysis
What is a Graphics Processing Unit (GPU)

A Graphics Processing Unit (GPU) is a specialized electronic circuit designed to accelerate the rendering of images and videos. Initially developed for rendering graphics in video games, GPUs are now used in a wide range of computational tasks beyond graphics. 

The main function of a GPU is to handle the complex mathematical calculations required to generate images and videos. Unlike Central Processing Units (CPUs), which are optimized for sequential processing, GPUs excel at parallel processing. This means they can perform many calculations simultaneously, making them ideal for tasks that involve large amounts of data and complex computations.

Uses of GPUs

The demand for computational power is growing rapidly as models become more complex. This has highlighted the increasing importance of high computing power, such as GPUs. The high cost and limited availability of GPUs pose challenges for smaller enterprises. Decentralized computing offers a solution to this problem by providing access to distributed GPU clusters at a smaller cost of centralized services. These decentralized GPU platforms operate on blockchain technology, which ensures global, secure, and quick access to computing resources.

Artificial Intelligence (AI)

GPUs support the development and deployment of AI models. They are particularly important for deep learning, where large neural networks require massive computational resources to train. GPUs are essential in the development of AI applications such as image and speech recognition, natural language processing, and autonomous systems. By accelerating the training process, GPUs enable researchers and developers to experiment with more complex models and achieve better performance.

Machine Learning

Training machine learning models involves adjusting a large number of parameters based on vast amounts of data. This process is computationally intensive and can be time-consuming when done on traditional CPUs. GPUs accelerate the training process of machine learning models, enabling faster and more accurate predictions. Developers can train models on vast datasets without the high costs associated with traditional centralized GPU providers, allowing for faster iteration and experimentation, and the development of more accurate and sophisticated machine learning models. The use of GPUs in machine learning spans across academic research to industrial applications, as well as the crypto industry, for purposes such as predictive analysis, sentiment analysis, and algorithmic trading. 

Gaming

The development of blockchain-based games often feature complex graphics and visual effects. GPUs render the detailed graphics and process the data generated. GPUs can process millions of pixels and perform real-time calculations to create detailed textures, realistic lighting, and dynamic environments, providing gamers with smooth and immersive experiences. Moreover, the decentralized nature of blockchain gaming ensures that players have ownership of their in-game assets, which can be bought, sold, or traded using cryptocurrencies. As games become more graphically demanding, the need for powerful GPUs continues to grow.

Decentralized Physical Infrastructure (DePIN)

DePINs rely on a distributed network of nodes to perform tasks such as data processing, security management, and transaction validation. GPUs provide the computational power to handle these tasks efficiently, ensuring the scalability and security of the network, and supporting a wide range of decentralized applications.

Mining

GPUs are used to solve complex cryptographic puzzles that validate transactions on a blockchain. Miners use GPUs to perform the calculations needed to add new blocks to the blockchain, a process that also secures the network and verifies transactions. 

Rise of Decentralized GPUs

Decentralized GPU platforms offer several advantages over traditional, centralized computing services.

  • Cost-effectiveness: Through distributed networks of GPUs, decentralized platforms can provide computational power at a lower cost compared to centralized providers like Google Cloud, AWS, and Azure, making high-performance computing more accessible to a broader range of users and organizations.
  • Scalability: Decentralized GPU platforms can scale easily by adding more nodes to the network, supporting more flexible and scalable access to computing resources as demand grows.
  • Security: Blockchain technology ensures secure and transparent transactions, protecting user data and computational tasks from unauthorized access and tampering.
  • Accessibility: Decentralized platforms democratize access to high-performance GPUs, enabling smaller enterprises, researchers, and developers to utilize these resources without the need for a huge capital investment.

Top 3 GPU Crypto

Render (RNDR)

Regarded as “the Nvidia of crypto”, Render (RNDR) is a decentralized GPU rendering network that connects users looking to perform rendering tasks with idle GPU power across a global network of GPUs. To solve the high costs and slow rendering times for complex graphics and visual effects in industries such as entertainment, gaming, and content creation, the Render platform provides distributed rendering of complex graphics and visual effects through the use of blockchain technology, enhancing cost-effectiveness and efficiency compared to traditional, centralized rendering services.

GPU Network Size: Render Network has approximately 6,000 GPUs available across its network 

Users: RNDR has a rapidly growing user base, with over 10,000 active users, primarily in the entertainment and gaming industries.

Rendering Speed: RNDR’s decentralized model has shown a reduction in rendering times by up to 50% compared to centralized solutions.

Aethir (ATH)

Aethir (ATH) is a decentralized computing platform that provides scalable and cost-effective GPU resources for AI, machine learning, and other computationally intensive tasks. Aethir aggregates and distributes GPU power from a decentralized network, making high-performance computing accessible at a lower price point to smaller enterprises and researchers.

GPU Network Size: Aethir manages a decentralized network with over 15,000 GPUs.

Users: The platform supports more than 5,000 AI researchers, data scientists, and smaller enterprises.

Cost Efficiency: Aethir offers GPU resources at approximately 70% lower cost than traditional centralized providers, making it a highly cost-effective solution.

IO.net (IO)

IO.net (IO) provides a decentralized GPU infrastructure designed to support blockchain applications, particularly those requiring efficient data processing and secure transaction validation, as well as scalability and security challenges faced by decentralized exchanges and decentralized finance (DeFi) platforms.

Through a distributed network of GPUs, IO.net can handle data processing and transaction validation efficiently. This ensures that blockchain applications can scale effectively and manage large volumes of transactions without compromising on security. The use of blockchain technology further enhances transparency and security.

GPU Network Size: IO.net operates a network with over 25,000 GPUs registered.

Users: The network supports more than 10,000 users, including blockchain projects, decentralized exchanges, and DeFi platforms.

Transaction Throughput: IO.net’s infrastructure supports processing over 40,000 compute hours monthly.

How to Trade GPU Crypto Tokens on Flipster

  1. Download the Flipster app and register for an account.
  2. Click [Trade] tab.
  3. Search for IO or ATH, and click on it.
  4. Select the leverage (up to 100x).
  5. Select either a Trigger Order or Market Order.
  6. Input the amount of crypto you wish to trade, or select a percentage of your available funds to use.
  7. Once you have confirmed the details, click the [Long] or [Short] button to open a position.