CoreWeave Switches 6000 Ethereum GPU Miners To Stanford's [email protected] for COVID-19

    The largest Ethereum blockchain miner in the US, CoreWeave, is going to redirect the processing power from 6,000 specialized computers to coronavirus research.

    The CTO of CoreWeave, Brian Venturo, said there’s at least one shot for the computers to find a drug that works against the virus, so the GPU’s power of the computers in the network, computers that are designed for repetitive calculations, is going to be doubled.

    The GPUs Made Around 0.2% of Ethereum’s Total Hashrate

    As Venturo stated, the 6,000 GPUs used to make up around 0.2% of Ethereum’s total hashrate, which means 28 Ether (ETH) a day. ETH is valued at $3,600 at the moment. As soon as the idea of its GPUs to be used for coronavirus research was launched, CoreWeave didn’t think twice and set up a test system in minutes. The company has contributed to the [email protected] wing with more than half of the entire computing power.

    [email protected] Uses Computing Power from All Over the World

    As a decentralized project, [email protected] employs computing power from all over the world in order to find out more about the coronavirus and its cure. Just like it happens in Bitcoin (BTC) mining, one user can detect the solution to an existing problem and share it with the other members in the group. Here’s what a blog post published by [email protected] reads:

    “[Viruses have proteins] that they use to suppress our immune systems and reproduce themselves. To help tackle coronavirus, we want to understand how these viral proteins work and how we can design therapeutics to stop them. Our specialty is in using computer simulations to understand proteins’ moving parts. Watching how the atoms in a protein move relative to one another is important because it captures valuable information that is inaccessible by any other means.”

    GPU Miners Encouraged to Join the [email protected] project

    Since [email protected] could use more power, GPU miners are encouraged to join its cause. Some already did on their own. However, not all miners are able to participate. Venturo says that while GPUs are flexible, they need application specific integrated circuits (ASICs) in order to be involved in the research. Here’s why he said the Ethereum ecosystem has been chosen:

    “This is one of the great things about the Ethereum mining ecosystem, it's basically the largest GPU compute resource on the planet. We were able to redeploy our hardware to help fight a global pandemic in minutes.”

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    Oana Ularu
    Oana Ularu
    Curious about what’s going on with all the money in the world, Oana is bringing you the latest news in the crypto world. She’s aware of the fact that you need to know everything that’s happening on the financial scene in order to play the cryptocurrency market, so you can count on her to share with you every little detail on what matters.

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