When it comes to Proof of Work projects who truly focus on decentralization, it’s hard to not talk about Flux. NiceHash is very familiar with their projects, and we have also had the co-founder Daniel Keller on several of our podcasts with us discussing the future of Web3, but more importantly, defining what Web3 actually is. Its misuse as a buzzword and trend by many companies, and especially people and companies outside of the crypto space, has led to many misconceptions. You can find out more about what it really means in the podcasts NiceTalk.

The rise of many copycat chains built on Proof of Work has also been a key factor in asking the question, how do you distinguish between projects and what they can actually be used for? Is Proof of Work really the best way forward for true decentralized platforms?

Enter Proof of Useful Work (PoUW)

Flux takes into consideration the many aspects of Proof of Work technology, such as hardware deprecation, unused computing capacity, and the efficiency of their use, and this has led to the development of Proof of Useful Work and its client application — FluxCore.

Global computing resources are a major requirement for powering research, businesses, enterprise, and institutional needs. Cryptocurrency mining, deep learning algorithms, machine learning models, and enterprise servers all rely on significant computing resources.

Gamers, data centers, graphic designers and many other people use powerful graphics cards for their work and play, but in reality this hardware sits idle for a large period of time. An estimated 30% of the hardware in data centers lie idle, and while the gaming GPU market is worth over 2.73B, the average gamer only spends about 8.45 hours playing actively per week.

This is where NiceHash and Flux come into the scene, providing the opportunity to monetize your idle hardware at the same time as supporting a fully redundant, decentralized ecosystem.

FluxCore

FluxCore is the vital force behind the PoUW network (formerly known as ZelHash), enabling users to connect their machines. It is designed to play a crucial role in bridging the “infrastructure gap” by utilizing underused hardware in data centers, homes, and businesses, providing computing resources to those who need them the most.

“This release of FluxCore tackles the longstanding scalability challenge by optimizing computing resources to meet dynamic client needs, particularly in the AI sector. It paves the way for a decentralized cloud infrastructure future, emphasizing efficiency and environmental sustainability for everyone’s benefit.”— Daniel Keller, CEO & Co-Founder, Influx Technologies Limited

NiceHash QuickMiner

The recent addition of Proof of Useful Work (ZelHash) to NiceHash QuickMiner software allows people to easily connect and sell their computing power and support the network. The biggest obstacle to participation in mining cryptocurrency for most people is the complexity, and QuickMiner removes all the hard work for the end user and makes mining as easy as turning on your computer.

With PoUW (formerly ZelHash), Flux drives home the use cases of the Flux ecosystem, and brings the utility to a wider audience. We are thrilled to see it grow into the world’s largest decentralized computing platform, and that the tools for participation get easier and easier.

About Flux

The Flux Web3 cloud is a decentralized computing service and blockchain-as-a-service solution, offering an interoperable and decentralized development environment similar to AWS or Google Cloud. Flux utilizes a native POW (Proof-of-Work) coin to power this ecosystem, providing incentives for hardware hosters, on-chain governance, and bad actor mitigation via staking requirements for running hardware. The Flux operating system runs on top of Linux to provide the network with verified and benchmarked high-availability compute power and utilizes the blockchain to ensure transparency in governance operations. Flux Cloud is the world’s largest and most decentralized cloud infrastructure.