Blockchain Firm Bitfury Diverts Computational Power for COVID-19 Research March 31, 2020 March 31, 2020 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMarch 31, 2020 by Kelly Cromley

Blockchain Firm Bitfury Diverts Computational Power for COVID-19 Research

Bitfury, the blockchain development company, is diverting its computing power, which is currently used for cryptocurrency transaction handing, to COVID-19 study.

The company disclosed that it is diverting its high-efficient GPU based computing nodes for performing calculations related to COVID-19.

The diversion of Bitfury’s resources is a fine demonstration of distributed computing project, Folding@Home (F@H), initiated by an association of scientific study labs throughout Europe, North America and Asia.

Amid the outbreak of COVID-19 pandemic, F@H has unveiled a venture to mimic the molecular structure of the virus in an attempt to provide valuable inputs to the creation of efficacious treatment.

The venture, which necessitates gargantuan computational resources, has been looking for grants in the form of computational power from organizations, enterprises and individuals.

Bitfury, on its part, has so far utilized its nodes to process more than 1,300 calculations for the F@H efforts.

Bitfury CEO Valery Vavilov has issued a statement saying that he was “confident that this project from Folding at Home, alongside the work of many researchers and doctors, will significantly advance our understanding and treatment of this disease.”

Bitfury, notably, is one among the several crypto sector players to play a part in the F@H endeavor.

Other blockchain venture backing the F@H project is Golem. Also, blockchain platform provider Tezos (XTZ) has set aside several hundred XTZ tokens to be given to the biggest F@H donor by the end of March.

Tezos, as of March 12, had 20 groups offering their resources for the venture. The US based Ether (ETH) miner Coreweave has also shifted its computing resources involving 6,000 GPUs.

Similarly, semiconductor manufacturer Nvidia is also contributing its computing power. In mid-March, Nvidia also requested individual gamers to give access to their unutilized GPU computing power for the research project.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.