Clore.AI mining relies on the KawPoW algorithm to ensure equal earning opportunities for every miner.
CLORE is a PoW coin that uses the KawPoW algorithm and is resistant to ASIC mining, with no pre-mining or ICO.
The platform has introduced the “Proof of Holding” mechanism to empower CLORE coin holders.
What Is Clore.AI?
Clore.AI is a platform built on POW that provides GPU hash power rental services. Any modern computer/server equipped with NVIDIA GPUs can connect to this network, which currently has over 20,000 GPUs connected. When Clore.AI has specific needs for computing power services, tasks are distributed across the network; if there are no immediate needs for computing power services, the network finds the most profitable coin to mine at that moment. Specifically, Clore.AI’s scope of services includes AI training, movie rendering, VPN, and crypto mining. The team is based in Europe and claims to operate in strict adherence to European laws, ensuring the legitimacy and reliability of its project operations.
Technical Principles Behind Clore.AI
With breakthroughs in AI, represented by ChatGPT and Sora, the demand for computing power for AI training and inference is entering a new era in terms of both scale and quality. GPUs and computing power will become indispensable infrastructures in the AI field, which gives rise to Clore.AI. Clore.AI is designed to support various applications, including but not limited to AI training and video rendering, demonstrating the potential of a distributed supercomputer. Integrating CLORE mining functionality at the Clore.AI marketplace provides custody service providers with a streamlined and efficient way to leverage idle GPU resources for mining.
Clore.AI utilizes the KawPoW mining algorithm, renowned for its ASIC resistance, which democratizes the mining process and keeps it accessible to not only those with professional hardware but also anyone with a standard GPU setup. In an era dominated by large mining operations, this accessibility is particularly appealing as it provides opportunities for individual hobbyists and small miners, ensuring that every miner has an equal chance to contribute to and benefit from the network. Specific GPU models, configurations, and rental prices can be found on the Clore.AI website. Providers of computing power earn CLORE coins as rewards; the better the server performance, the higher the rewards. Users of computing power can pay with CLORE, BTC, or USD.
The market’s main chips are the RTX30 and RTX40 series. These are new-generation, high-performance, and ray tracing-capable graphics cards, launched by NVIDIA in 2018, positioned in the high-end and mid-range of NVIDIA’s chip lineup. They are primarily used in gaming, creation, and rendering activities, and the RTX40 series is called the “ultimate platform for gamers and creators”. For large-scale AI training, the latest H100 and A100 chips are more commonly used. Based on Clore.AI’s current configuration of computing power, movie rendering and mining are more easily executed, while AI training and large-scale computing also boast significant advantages. As shown on Clore.AI’s website, as of August 2, 2024, there is a total of 13,883 GPUs, 9,222 rented GPUs, and 3,488 online machines in the network.
Tokenomics Behind Clore.AI
CLORE is a PoW token that uses the KawPoW algorithm and is resistant to ASIC mining. The coin does not have pre-mining or ICO. Each block’s rewards are distributed as follows: 50% to miners, 40% to renters, and 10% to the team. CLORE has a total supply of 1.3 billion coins, with mining starting in December 2022. By 2042, the coins will be fully circulated. Currently, approximately 220 million coins are in circulation. By the end of 2023, the circulating supply was about 250 million coins, which is 20% of the total supply; by the end of 2024, it is expected to be 460 million coins, which is 35% of the total supply; and by the end of 2025, it will be 620 million coins, which is 48% of the total supply.
The platform has introduced the “Proof of Holding” mechanism to empower CLORE coin holders. This mechanism has several advantages: 1) Token incentives: The more Clore coins users hold, the more bonus $Clore they receive for leasing their equipment. 2) Service discounts: Clore coin holders enjoy up to 50% discount on commission for services. 3) Hassle-free usage: No need to transfer money to the Clore wallet. Simply sign the transaction from users’ desktop wallet to participate. 4) Optional use: Participation in Proof of Holding is entirely optional, but it’s a great way to maximize the benefits of owning Clore coins. 5) No blocking: Users’ money is not blocked; they’re free to withdraw it for exchange or sale at their convenience. 6) No penalties: No restrictions or penalties apply if users decide to withdraw money from Proof of Holding. According to official information, over 121.2 million CLORE coins are participating in PoH.
Summary
With the advent of the AI era, the demand for computing power will undoubtedly skyrocket. Through Clore.AI, potential users can access superior GPU services at minimal cost; those with idle GPU computing power can rent out their GPUs to earn Clore coin rewards and gain substantial returns. Clore.AI supports seamless integration and customization through its robust API, facilitating users to manage GPU rental and leasing operations and making everything easy. Clore.AI’s innovations have been widely welcomed by the market and are expected to develop swiftly in the AI era.
The post first appeared on HTX Square.
