CoreWeave Sets The Tone in Crypto Mining Platforms’ Contributions to Coronavirus Cure Research

News / 21.03.2020

Ethereum mining pools have removed thousands of mining platforms from the networks, reports from  March 20, 2020 indicate. The move aims at providing computational power to a coronavirus research project.

Leading the initiative is CoreWeave, a U.S based miner operating on the ETH blockchain. The firm said that it would redirect its GPU computing power to Stanford University’s Folding@home. The project was launched on February 27, 2020, to advance research on the deadly Coronavirus.

In a blog post, Folding@home  explained:

“Our specialty is in using computer simulations to understand proteins’ moving parts. Watching how the atoms in a protein move relative to one another are important because it captures valuable information that is inaccessible by any other means.”

Wasting Resources?

Confirming the move CoreWeave CTO Brian Venturo stated that over half of the computational power presently being redirected to Folding@home’s Coronavirus research initiative is from Crypto miners. 

Not everyone is happy with the move, though. Some skeptics insist that it is a waste of energy to dedicate mining power to the project.

Mining computers are used to compete for the verification of block transactions and work for 24 hours. Additionally, they utilise large volumes of electricity- the cost of creating new digital tokens. 

High-Speed Computations

Regardless, the computers could prove useful in supporting the efforts to get the Coronavirus’ cure. The Graphics Processing Units (GPU) can handle high-speed repetitive calculations more so when combined in a distributed ‘supercomputer’ network. 

Mr Venturo avers Ethereum mining Ecosystem’s biggest plus is its largest GPU compute supply on the planet. We can harness this computing power to assist in combating a global pandemic in minutes.

In other news, NVidia announced on Thursday that it had started providing free 90-day licenses for Parabricks. The Parabricks platform supplies research entities with  GPU power and structures.

Nvidia confirmed that it would provide any researcher participating in the global efforts to fight the Coronavirus, with the license. Additionally, it would keep assessing the situation and extend the rights past the 90 days if required.

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Wayne is a Blockchain enthusiast and expert in crypto trading. Currently, he covers trendy issues on digital currencies.