It is said that the Bitcoin consumes as much electrical energy as Ireland, that is to say, around 5% of the consumption of Spain. In general, Bitcoin is not an entity as such, but the consumption of all the computers in the world destined to undermine Bitcoins consume that. It is this division that makes anyone can contribute their bit with the ability to process your computer in exchange for small portions of Bitcoin.
The world’s most powerful supercomputer currently has 125 petaflops, and we have already commented extensively on what these computers are used for, highlighting uses in industry and medicine that require large computing powers. The world’s most powerful supercomputer is 12,500 times more powerful than a consumer-oriented 1,100-euro computer.
Many computers remain on without being used for many hours throughout the day. Harnessing the power of these computers in dead times would solve one of the biggest problems today, and is that the amount of data that needs to be processed is increasing faster than the processing power of today’s computers.
Blockchain: The P2P behind Bitcoin
This is where the Blockchain comes into play. The block chain is widely used in the Bitcoin and in the criptomonedas since once it is published its information in the network, these are not modifiable, in such a way that it is obtained that a same coin can not be spent twice. The Blockchain could allow to create a platform in which any user made available the power of his computer to make calculations and to obtain money in return.
As we have commented, there is an increasing demand for processing power in the industry and in the field of scientific research, where new molecular structures are investigated, 3D elements are rendered or simulations are performed on diverse fields such as aviation. In addition to increasing the amount of data to be processed, this must be done in the shortest possible time. Currently, there are already platforms that redistribute resources to process information, such as SETI @ home, but rely on an intermediary to distribute and manage tasks, making the process more inefficient.
This system of shared economy based on Blockchain would allow anyone to get extra money just by using their computer. The system also brings the computation process closer to the source of the data, avoiding bottlenecks in the round trips from servers to computers, as with current systems. Blockchain, being based on P2P, works better the more people use it.
There are already two platforms based on this concept. One of them is Golem, which comes to be the AirBnB of computing, and in which people advertise their computer to be used to process data. Another example is iEx.ec, which creates a contract based on Blockchain between the offerer and the contractor.