nuco.cloud (NCDT) ICO Review
Billions of dollars of hardware are still not fully utilized, wasting enormous amounts of resources. Nuco.cloud enables users to monetize their previously unused computing power so users can earn money with their idle hardware, while companies can save a lot of money by using nuco.cloud and thus gain an advantage for their profits. On the one hand, nuco.cloud saves its customers enormous costs and on the other hand distributes the revenues to the broad masses, namely the miners who provide the computing power.
May 23, 2019 – Jun 30, 2020
More about nuco.cloud
Nuco.cloud´s distributed computing model means that companies and individuals can save a great deal of money compared to leading cloud platforms such as AWS on the one hand, while on the other hand, vendors receive a recurring passive revenue stream for otherwise wasted IT resources. It’s a greener, much more sustainable cloud computing solution.
Nuco.cloud is a product of the Iron Eagle Capital GmbH.
We intend to build an IT infrastructure to develop and operate a Distributed Computing Cloud, the nuco.cloud.
An independent blockchain will be set up in order to invoice the transactions on the nuco.cloud. Payments in the nuco.cloud are made in tokens.
Nuco.cloud enables anyone
- with a useraccount to use the computing power in the cloud and
- as a miner, to provide computing power to the cloud.
Users can acquire the computing power required for their projects via the nuco.cloud and have their projects calculated by the nuco.cloud in a user-friendly, fast, cost-efficient and secure way. This gives the user access to a decentralised ‘supercomputer’, without the hassle of having to set up or administer it.
The required computing power is made available to the network in the nuco.cloud by the totality of the devices provided by the miners (computers with different operating systems, as well as graphics cards and smartphones) through their idle processing potential (IPP).
Nuco.cloud defines the IPP as the processing power of a computer, a graphics card, or a smartphone multiplied by the percentage of unused potential computing power expressed in amount of time.
The IPP represents a huge untapped resource that will continue to grow as more and more computers, graphics cards and, above all, smartphones become available. This applies both to new devices, but also, especially to older devices that would otherwise land in the garbage and thus create an environmental burden. These devices now have a new meaning, as they can now act as part of the nuco.cloud.
The projects to be calculated are broken down into thousands of small subtasks via the nuco.cloud, distributed to the available devices and calculated there. The miner receives rewards in the form of cryptographic tokens, depending on the amount of devices and the processing power provided.
By the second quarter of 2018, more than 6.244 billion Android smartphones were sold worldwide.
Assuming an average performance of only 100 GigaFLOPS per smartphone (although a Samsung Galaxy S9 already has 370 GigaFLOPS) would result in a performance of 624 ExaFLOPS.
If only the 293 million smartphones sold by Samsung in 2018 were added together, this alone results in 29.3 ExaFLOPS.
These figures alone result in an exorbitant, almost untapped potential. For comparison purposes: the currently fastest supercomputer, ‘Summit’, at the Oak Ridge National Laboratory in the USA has a capacity of 200,795 TeraFLOPS, i.e. 0.2 ExaFLOPS. Less than 0.68 percent of the smartphones sold by Samsung in 2018 would already be enough to reach the computing power of the Summit supercomputer – at a fraction of the cost.
some of main features
LOWER INFRASTRUCTURE COSTS
You don´t need to invest lots of money in your own workstation or server cluster
Save yourself the time and effort of writing your program in a special code. With a simple drop down menu you can use your existing program as usual. With the difference that the calculations are not only performed locally at your site but by thousands of miners at nuco.cloud
ISTANT SCALE FOR TRUE ELASTICITY
Use thousands of CPUs, GPUs or even Smartphones to calculate your projects
EASY PROVISIONING THROUGH AUTOMATIC DISTRIBUTION OF WORKLOADS
Distribute your calculations to thousands of miners who calculate your project
A GREENER, MORE ENVIRONMENTALLY SUSTAINABLE CLOUD SOLUTION
Use your existing equipment, you do not need to buy new specialized hardware
EARN MONEY WITH YOUR IDLE HARDWARE
Monetise your idle hardware and it´s idle processing potential by distributing your comptuing power to nuco.cloud for a better return on your hardware investment
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