Also, learn the Difference between DataMining, Proof of Stake(PoS) and Proof of Work(PoW).
Exploring PoW, PoS, and DataMining: Key Differences
PoW (Proof of Work) is the consensus technology adopted by many blockchains, such as Bitcoin.
In PoW blockchains, enormous computing power is required — usually specialized hardware like graphics cards (GPUs) or ASIC miners — to validate and add new blocks to the blockchain, effectively keeping the network alive.
For each new block, the hardware that generated it receives a reward.
However, PoW is a very costly method in terms of electricity consumption and requires powerful hardware to secure rewards.
PoS (Proof of Stake) is an alternative consensus mechanism to PoW, eliminating the need for complex calculations and high energy consumption.
In PoS, validators (or stakers) lock a certain amount of cryptocurrency as collateral to validate new blocks.
The probability of being chosen to validate a block is proportional to the amount of cryptocurrency held and staked.
PoS is considered a more efficient and eco-friendly method compared to PoW, as it does not require specialized hardware. Moreover, with our hashing algorithm (NeuralLeadQHash), it is much more secure, as it leverages the best of quantum computing and artificial intelligence.
DataMining is a mining technology developed by NeuralLead to produce data for Artificial Intelligence.
Unlike PoW, DataMining uses hardware to process and generate neural data.
Each device, such as a graphics card, has pre-installed neural networks responsible for generating datasets
or training data for AI. The device sends the generated data to the NeuralLead server,
which verifies its validity and rewards the device owner based on the number of valid data points found compared to all participants.
What is DataMining?
The world of artificial intelligence needs data, lots of data. That’s where DataMining comes in.
NeuralLead Cloud has data that needs to be validated before being used. Your GPU connected to NeuralLead validates the data along with many other GPUs. If the data processed by your GPU is valid, you are rewarded with crypto coin.
DataMining processes these types of data:
Text
Audio
Video
Analog Sensory
Digital Sensory
DataMining does not store or read any files on your computer; all data are processed exclusively in your GPU, CPU, and RAM. The only file on the disk that the DataMining executable reads is the configuration and license file saved in the same folder as the executable, thus no administrative permissions are required to run DataMining.
How earning works?
Unlike Rent My Machine, with DataMining the earnings are constant. Every hour, the valid data that have been mined by users in that hour are calculated. Based on the work of your GPU(s), you are rewarded in total for the valid data you have mined compared to other data miners.
You can connect as many computers and video cards as you want, even to the same wallet address. Unlimitedly, the more devices, the higher the income. Payments are sent every hour directly to your wallet. All transactions are stored, so in case of a missed payment, the system will automatically send it to you in the following hours.
Payments are made only in NeuralLead Coin. A cost and earnings calculator is available in the Cloud.
more informations on https://www.neurallead.com/datamining/how-to.php
Top comments (0)