Miners could offer computing capacity through their devices. This is a project supported by Stanford University.
Cure Coin and Banano, two initiatives dedicated to providing computer support for cryptocurrency mining, announced that they will provide a reward system for miners during the Covid-19 pandemic. In this way, crypto miners making efforts to fight against the coronavirus outbreak will receive a prize in cryptocurrencies.
As representatives of both projects said, digital miners will be able to join the fight against the disease using their CPU and GPU devices. By dedicating its activities to these efforts, the system will grant a reward in cryptocurrencies.
According to the official announcement, Banano and Cure Coin reached an alliance with Folding @ Home, which enabled a system that would help find the vaccine against the virus. Miners will be able to offer computing capacity through their devices, which will serve as a direct donation to help the project.
Folding @ Home works using computing power to calculate scientific results. In this case, the project focuses on providing procedural capacity for the Folding @ Home distributed network to help researchers find a cure for Covid-19.
This is a project supported by Stanford University. According to local media, the computer system will focus solely on developing results that is something that would benefit researchers to combat the pandemic.
Specifically, the system will use computing power to recreate the movement of the virus’s proteins. To a large extent, the system could offer vital information to scientists.
When the Folding @ Home initiative was announced, hundreds of miners decided to make their mining machines and video cards available to the project. This managed to accumulate miners from different platforms such as Bitcoiners, Ethereum, and Tezos. According to spokespersons for the project, the reward may lighten the electrical maintenance of the machines.
Sustainable Donation Against Coronavirus
Users who want to lend the computing capabilities of their devices can do so anonymously and at no cost. This is possible through the web pages of both projects.
There, the crypto miner can create a user and register his/her team. In this way, this information will help the system determine the computing capacity that the miner generates and reward him for it.
After registration, the participant must download and install software that will help them to enter the Folding @ Home network. Once inside, the miner can collaborate individually, or through a group.
By selecting the second option, the participant will have the team name and their user ID on the platform. Using this option, the participant will be able to receive a bonus for the computing capacity the team granted.
As for how the reward is received, the developers of the project point out that they must wait a few hours or even a day for the miner to receive the cryptocurrencies. Besides, the participant must place all the information requested on the page, since otherwise, they will not be able to join the initiative.
Representatives of Folding @ Home indicated that the level of cryptocurrencies that crypto miners will receive will be low since it is a donation and it will only pretend to pay for some maintenance costs of the borrowed equipment.
Until now, the Banana Miner website registers 343 miners, who have lent their computer equipment to fight against the coronavirus outbreak.
By María Rodríguez