Understanding Compute DePINs: your opinions

[MCcabe Rory]

Hey altcointalkers, had a good day yeah? What do y'all know about compute depins? AI's growth has exposed inefficiencies in traditional cloud computing.

From what I can gather, Compute DePINs aim to bridge the gap between supply and demand by tapping into unused resources. While challenges remain, DePINs offer a potentially more cost-effective and accessible solution says numerous articles.

Here's my question for those that have an idea, Will DePINs transform AI computing, or will traditional cloud providers adapt and maintain their lead?

[pmbug]

I really like what Theta Labs is developing.  Virtually anyone can supply computing power to the Theta Cloud using their Theta Edge Node software (and earn TFUEL).  I've been running it for a couple of months now and they seem to be very active with developing it.  I've posted a lot about it here:

https://www.pmbug.com/threads/theta-network-theta-and-tfuel.7196/

[TomPluz]

Here's my question for those that have an idea, Will DePINs transform AI computing, or will traditional cloud providers adapt and maintain their lead?

I am hoping DePINs will be working well with AI computing which can contribute a lot into more new innovations in 2024 and beyond. Honestly, DePINs is something new to my ear but there is already a solid buzz on this matter and I know it would continue on catching fire as there is a strong need for it. Defined as Decentralized Physical Infrastructure, DePINs is something many people can be looking forward to be a part of as it attempts to incentivize individuals for contributing to the infrastructure industry. DePIN refers to infrastructure projects using tokenization to coordinate and incentivize their bootstrapping phase. Individuals build up the supply of the infrastructure in a decentralized manner and get rewarded with token incentives. And when people are shown a way to get incentives for their contributions, we can expect that there will be excitement on it and it would be receiving more attention than usual. DePINs will surely be gaining more momentum and more tractions and I know years from now this can be as big as it should be.

[TomPluz]

I really like what Theta Labs is developing.  Virtually anyone can supply computing power to the Theta Cloud using their Theta Edge Node software (and earn TFUEL).  I've been running it for a couple of months now and they seem to be very active with developing it.

I can sense that what Theta Labs is providing is a good opportunity for many people to contribute their computing power in return for getting TFUEL which I assume the platform is working to make it really valuable and be a leading digital asset into the future. The idea of getting something by using the software provided can be a win-win for all stakeholders and hopefully this can be a good model for the emerging DePINS industry for years to come. While I am not sure if DePINS can be able to sustain its popularity, what we can be sure is that this is something really worth looking at. And I believe that the more opportunities there can be, the more people will be encouraged to stake their resources and time into it.

[Faisal2202]

Here's my question for those that have an idea, Will DePINs transform AI computing, or will traditional cloud providers adapt and maintain their lead?

I know I am a bit late to reply on this thread but I think it's a good narrative many people dump their useless computing devices while using this narrative technology they can earn some by providing their resources or by borrowing them from others. I just tested a platform that will allow us to borrow Computing resources from the providers. I hope no interest would be included only the fee would be included. As interest is bad for the businesses.

Overall, It will transform AI computing as individual who like to perform tests on AI would not be able to test them as they don't have expensive computing devices but with the help of this narrative they can test them in cheapest way. Although understanding, how this whole infrastructure would be built is a little unclear for me, like how my resources would be used by someone else I don't know, what if he did something wrong with my computing resource I know I might not be asked by authorities if its decentralized (means if would provide anonymity) but what about those bad actors.

[akeemqaz]

These bigger people know Bitcoin more than we do. Imagine when the FTX CEO (Sam) said the bear market had started, and it really did and also affected his exchange. I never overlook their predictions most of the time.