Diginex and Symbioses deploy decentralized supercomputing network for mining

Diginex and Symbioses deploy decentralized supercomputing network for mining

Diginex, a Hong Kong-based blockchain technology company announced today a Memorandum of Understanding (MOU) with Symbioses, a Swiss-based decentralized cloud computing company, in which Diginex’s infrastructure will be used to perform optimized cryptocurrency mining and verify the technical basis for the deployment of high-performance computing (HPC) applications.

Diginex will provide up to 2,500 nodes (20,000 GPUs) at its data center in Europe to perform cryptocurrency mining on the Symbioses network taking full advantage of modern GPUs using unique optimization. Auto screening of market conditions allows for the mining of the most profitable cryptocurrency using available information and data at that given moment with minimal switching time.

Symbioses’ ability to deploy more complex HPC jobs provides the potential to improve current mining profit exponentially. Diginex and Symbioses will work together to test and verify the technical basis for the deployment of scientific simulations, tensor-flow deployment, and rendering.

The HPC market is expected to reach $44 billion by 2022, with the provision of HPC in the cloud expected to be one of the fastest growing segments with an estimated 19.9% compound annual growth rate. Working with Symbioses will enable Diginex to optimize between cryptocurrency mining and HPC in an automated fashion to capture growing market demand.

Share your thoughts, add a comment!

You must be logged in in order to place a comment.

Article comments

Loading...
No comments yet, be the first to comment this article