CPUcoin has announced a partnership with BOINC to provide crypto rewards for volunteers who share their unused computing power with researchers.
Decentralized Infrastructure-as-a-Service company CPUcoin announced a new joint program with Berkeley Open Infrastructure for Network Computing (BOINC).
The initiative will devote unused computing power to research regarding the coronavirus.
Users who download and install CPUcoin’s CGN Miner platform and the BOINC open-source software support the IBM World Community Grid and [email protected] projects with their unused computing power, and in turn, will earn cryptocurrencies.
[email protected] focuses on researching proteins that comprise the novel coronavirus to produce therapeutics and diagnostics.
IBM World Community Grid works on predicting the effectiveness of particular chemical compounds as possible treatments for COVID-19.
Users rewarded with CPUcoin’s token
As soon as the CGN Miner platform detects when someone supports COVID-19 BOINC projects, the user will receive CPUcoins, which is a utility token that can be traded for other cryptos like Tether (USDT), Bitcoin (BTC), and Ether (ETH) on ProBit Exchange.
Speaking with Cointelegraph, Sean Barger, managing director of CPUcoin, said:
“CPUcoin does not own any computing infrastructure, instead it is owned by the network participants, also known as ‘CGN Miners.’ Miners are rewarded for their computer time in CPUCoin’s native cryptocurrency, CPU. CPU is used to pay for consumption of decentralized services which are and will be launched by developers, as well as for making payouts to miners of idle computer time.”
Barger believes that CPUcoin’s partnership with BOINC marks a “pivotal key milestone” in blockchain and cryptocurrency companies’ ongoing quest for enterprise and mainstream adoption.