Distributed Compute Labs Support

The income of electromagnetic projects is relatively low.

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15 comments

  • Official comment
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    Dan

    Hi Maya, scc, dave, nick, and canopus. My name is Dan, and I am the executive director at DCL.

    First, thank you for your feedback. Sorry for the delay, we've been heads down fine-tuning database performance and implementing bug fixes. I want to address any comments and answer questions:


    1) You're absolutely right, we are in beta, and appreciate your patience. We've recorded all your comments and have triaged them for implementation.

    2) With respect to valuation, the underlying value of DCC is not linked to any other unit of account - there is no comparison between BOINC credits, ethereum, or any other token. DCC are linked to completed computational work, which is ultimately dictated by supply and demand for processing that work in the free market. We have a decent idea for what computing work is worth thanks to existing market values for compute, but we can't make explicit public statements about those numbers for now. What we can say is that we are preparing dev tools for the developer communities to start building all kinds of applications to be mined, including ever more popular AI, ML and NLP apps.

    3) I'm not sure where the numbers in the comments are coming from. The total issue is not 2.5 billion tokens; we have not yet made our model public as we are optimizing it for the current regulatory and financial circumstances. DCC are not worth 0.02 USD (comment #2) What I can tell you is that we have built a miner-centric model and are fine-tuning it so that it puts a super majority of value in the hands of the public. We will be releasing this information as soon as we complete the beta.

    4) The EM@home task rewards less than the A@home because it takes approx proportionally less time.

    5) On the docket for development: local execution environment, task size and cost estimator, capabilities exchange, bid-ask system, miner preferences including white-listing task types, values, and a lot more.

    6) The jump in value between DCC awarded during the alpha and the current version is because now DCC are awarded as a function of metered work; DCC earned during the alpha indeed was generous in comparison, but not indicative of absolute value - that is yet to come!

    Our team is absolutely dedicated to building a platform that encourages growth and incentivizes participation. Currently, we are adding features and developer tools to grow the network.

    Thank you all,  and please keep sharing your valuable feedback, and feel free to connect with me on linkedin or via email.

    Dan D.

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    NickPar

    Could you perhaps switch from the applications page? not sure if that is possible yet. Also the bidding option is not enabled yet?

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    MAYA

    It is currently impossible to manually select a task.

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    canopus

    that electrodynamics tasks is horrible

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    dblanch256

    I can't tell if everybody has the same basic complaint here or not, but here is my "two cents".

    I like the idea of the Electrodynamics project, but it will take me (also) about a month to earn two cents.

    I understand that it is beta testing, but it still seems odd to me that I made much more DCC when I was earning it as a byproduct of my BOINC/Gridcoin work.  See wallet below:

    Since this is beta testing, presumably we are a much small group of users.  We also have to be patient as we help you to uncover bugs and build new features.  So why would not pay us at least $0.01USD per day?  My own electricity here in New Jersey USA costs me $0.16 per KwH, so 2 DCC per day only covers about 5% of my electric costs.

    Obviously none of us (user community) is making a profit--not do most of us expect to.  That's not the point.

    But if we are contributing any value at all, it doesn't seem unreasonable to ask you to "throw a few more DCC to us" for our effort.  If this enterprise continues to grow like we all hope, I'm sure that your other costs (for machines and staff) will be millions of times greater than what we are asking you to consider awarding for this phase.

    -- Dave

     

     

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    MAYA

    According to the total issue of 2.5 billion, and according to the ICO price of 0.02$, this income is indeed terrible, and now the income is lower than the mining on BOINC, I think this is very unfair to the initial test users.

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    dblanch256

    All eight of us?  ;)

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    MAYA

    Now this income, certainly can not attract users on the BOINC mining, so few people.

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    MAYA

    I dug for a few days, and now I can only give up.

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    scc

    This is too unfair. If the input and output cannot reach equilibrium, the miners will lose.

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    MAYA
    Try to increase the output on the Twitter message request, and people are more likely to pay attention to the official.
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    MAYA

    Hi Dan Thank you very much for your reply.
    1) The total amount of DCC and price information is based on the SPARC project.
    2) Although the EM@HOME project takes a short time, the same 24-hour revenue is about 5~10 times lower than the AS@HOME project.

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    Dan

    Thank you Maya, ok I see!

    1) SPARC project forked to current DCP project, so all SPARC project numbers obsolete. We've had our new numbers for a while now but have not published them because of the constantly shifting regulatory landscape. We are currently having discussions with the regulatory bodies to ensure compliance. After all, DCP is a real computing platform to generate real scientific results. In fact, all those em@home results will be used in a scientific publication that I am currently preparing (I'm a computational physicist).

    2) Will check this out. We initially calibrated them to be approx equal DCC per core-hour, but we've done some performance tuning that may have changed the balance. In any case, we'll perform some trials.

    Thank you for your comments, we appreciate every single one of them

     

    Dan

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    MAYA

    Dan, thank you for your patience answer! I am full of confidence in your projects and teams.

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    Dan

    You are most welcome

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