Tallinn, Estonia - (NewMediaWire) - September 10, 2023 -- Kryptex announces important news for the company and its clients. Founded in August 2016, this platform revolutionized the way people can mine cryptocurrency. The founder, Maxim Malysh has been working with crypto since its appearance and is quite fond of new technologies, especially when applied to innovative solutions.
With Kryptex, any person with a gaming computer can mine cryptocurrencies and put their computing to make money while they sleep.
Now, the company is ready to take the next step. The recent boom of artificial intelligence and machine learning (which we can see reflected in ChatGPT's increasing popularity) has resulted in a deficit of GPUs. After all, these devices are needed to train the above-mentioned AI tools.
As a solution to this problem, Kryptex is building a marketplace of computer power offering advanced GPUs. The innovation is that Kryptex will connect hardware owners with ML/AI businesses, with a similar approach to the one implemented by Uber, which connected drivers and riders through their platform.
For business owners, GPUs will be accessible at much lower costs and computer owners can put their devices to better use. In other words, they will be able to make more money by renting their GPUs for AI training than by mining crypto assets.
Among other things, this approach helps you optimize your video rendering since it speeds up the graphics from the server side. Training AI becomes easier and faster allowing it to reach deeper levels and create further neural networks.
Moreover, companies will be able to develop AI and scale their projects without purchasing equipment that they will never use again. They can also find accessible big data solutions on the Kryptex cloud.
One of the major advantages is that users can access the service at relatively low costs as renting is always cheaper than purchasing equipment. While for 669.6/month you can rent Nvidia K80 video cards, for only 99,99/month you can rent Nvidia GTX 1070
How it works
Step 1: The user launches the code in the Kryptex cloud with SSH.
Step 2: User's data will be processed by thousands of GPUs linked into one network.
Step 3: The user receives the results (finished computations).
Advantages
With this GPU network, companies will be able to increase productivity significantly while saving money and time.
Flexibility and speed
Find fast solutions to complex problems while maintaining a fair level of flexibility when it comes to your resources.
Save money
You can avoid buying expensive equipment, that you won't use again, to start or scale up your projects.