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GamerHash AI

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GamerHash AI

GamerHash AI is a platform launched in 2017 that enables gamers to monetize their PCs, initially through . With 790,000 users, it has expanded into generative AI via its GamerHash AI service, offering free text-to-text and text-to-image tools. The platform focuses on providing GPU computing power for AI marketplaces and serves as a key amid a significant GPU shortage. [2]

Overview

GamerHash AI addresses the growing demand for decentralized computing by leveraging a global network of consumer-grade GPUs located in gaming PCs. It creates a to provide essential AI computing power through AI inference, running pre-trained models efficiently and reducing costs compared to traditional cloud services. GamerHash AI functions as an application designed to meet the needs of two groups interested in computational power. The first group includes projects that depend on external computational resources. The second group consists of individuals able to contribute part of their own computing power, which, when pooled with that of others, becomes valuable for end clients.

The platform also employs large language model (LLM) , allowing extensive AI models to be processed across multiple GPUs, optimizing hardware use and enhancing scalability. Gamers earn GamerCoin (GHX) for sharing their GPU capacity, while AI developers access a flexible and cost-effective resource pool. [1]

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Ecosystem

GamerHash Mobile

The GamerHash mobile app, available for Android and iOS, offers a user-friendly platform for monitoring cryptocurrency mining activities and connected workers in real time. Users can manage their accounts and access a built-in store to exchange earned funds for rewards like games and prepaid cards. It is important to note that the app does not support mobile mining; users must download the desktop mining software to participate in mining activities. [5]

GamerHash Miner

The GamerHash Miner is a cross-platform desktop application for Windows, Linux, and macOS that enables users to share surplus computing power from their CPUs and GPUs for cryptocurrency mining. The software is free to download, with users only responsible for a mining fee ranging from 0% to 7%, which is deducted from their earnings. To incentivize new users, the platform offers a 30-day period of fee-free mining, during which all earnings remain with the user; after this period, a rank-based fee structure applies.

Upon launching the app, users receive a detailed breakdown of their potential earnings, separated by CPU and GPU contributions. This information is available in daily or monthly estimates, allowing for transparent, real-time tracking of individual device performance and overall earning potential. [6]

Play&Earn

Launched in January 2019, Play&Earn enables GamerHash users, particularly those with lower-end computers, to earn funds by completing tasks like downloading apps or playing games. Users can select tasks, follow objectives, and claim rewards, with a limit of three concurrent tasks and a 48-hour cooldown to prevent fraud. Task availability varies by region and device, with rewards based on task complexity.

Technology

GamerHash features a framework of Desktop, Mobile, and Web applications developed using object-oriented programming, achieving an average response time of 23ms. The platform aims to create a self-financing supercomputer through a user-friendly distributed mining system and employs a custom proxy server for efficient data analysis. It supports multiple cryptocurrencies, such as BTC, RVN, and XMR, while optimizing the mining process by matching currencies to users' hardware for maximum profitability. Additionally, GamerHash provides real-time earnings tracking and automatic capability assessments for users. [7]

GamerHash AI App

GamerHash AI App utilizes the power of gamers' GPUs to support AI computations while offering rewards to users. Currently, these rewards mainly consist of GHXP (GamerHash Experience Points) that translate into GHX earnings and a semi-recurring basis. Moreover, this product offers attractive opportunities for users themselves, such as AI Image Generation and AI Chat functionalities providing full privacy & security with no usage limits like you are used to in generic online equivalents. GamerHash AI essentially serves as an application that effectively addresses the needs of 2 parties interested in utilizing computational power.

Tokenomics

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GamerCoin ($GHX)

GamerHash’s ecosystem operates using its digital asset, GamerCoin (GHX), an and token initially launched on and later bridged to . GHX is Malta’s first globally listed token with a crypto license (VFA) from the MFSA and facilitates transactions within the GamerHash ecosystem, enabling purchases in the GamerHash Store, access to exclusive events, and platform rewards. The ERC-20 standard ensures GHX compatibility with Ethereum-supported wallets, while BEP-20 expands accessibility and enhances utility through additional functionalities on Binance Smart Chain. [8]

GamerHash AI's tokenomics is structured around the issuance of 880 million GamerCoins (GHX). The project has established a hard cap of $2,800,000 and a soft cap of $1,150,000. Of the total token supply, 322 million GHX, representing 36.6%, is allocated for the token sale. [3]

Use Cases

  • Ecosystem Utility: GHX serves as a utility token within the GamerHash AI platform, facilitating transactions and interactions between users and the ecosystem.
  • Earning Rewards: Gamers can earn GHXP within the GamerHash AI App to receive GHX rewards by sharing their idle GPU power for tasks like AI computation and cryptocurrency mining. This allows users to generate passive income using their existing hardware. [9]
  • Supporting AI Initiatives: In GamerHash AI, GHX incentivizes user participation in decentralized AI computations, helping to alleviate issues like GPU scarcity. [1]
  • Accessing Digital Products: Users can purchase a variety of digital products in the GamerHash Store using the virtual currency earned, providing an accessible method to acquire games, hardware, and accessories while benefiting from their participation in the platform. [4]
  • Marketplace Transactions: GHX allows users to buy digital goods, games, and services within the GamerHash marketplace, enhancing their gaming experience. [10]
  • Educational Resource: Through Play&Earn, users can enhance their understanding of blockchain technology, incentivizing participation in activities that foster learning about its applications in finance and technology. [4]

Token Game Mining

Users can earn GHX tokens through several methods without purchasing them directly:

  • Ecosystem Activity:
    • Rewards can be earned by completing tasks in Play&Earn, recommending the platform, and engaging in ecosystem activities.
    • GHX tokens are credited to a built-in wallet for withdrawals or purchases in the GamerHash Store.
    • Monthly limit of $50,000 in GHX tokens, with unused tokens carrying over to the next month (cumulative).
  • Idle Computing Power Sharing:
    • Users sharing idle computing resources receive a 20% bonus in GHX tokens for each daily withdrawal.
    • Monthly limit of $10,000 in GHX tokens, with unused tokens carrying over to the next month (cumulative).
    • The program concludes when the 5% pool for Community & Game Mining is fully distributed. [3]

Allocation

GamerHash plans to issue a total of 880 million GamerCoins (GHX) with the following token allocation: [3]

  • Product Development: 45%
  • Marketing and Business Development: 25%
  • Operations and Exchanges: 20%
  • Token Sale Contributors: 36.6%
  • Team: 15%
  • Ecosystem Fund: 12%
  • Foundation: 14%
  • Community & Game Mining: 5%
  • Marketing and Strategic Partnerships: 9%
  • Liquidity Reserve: 4.4%
  • Reserve: 5%
  • Legal and Regulatory: 5%
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Edited By

Profile picture of Anonymous userzainab

Edited On

November 12, 2024

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REFERENCES

[1]

The Billion-Dollar Solution From GamerHash AI

Oct 24, 2024

[2]

BNB Chain DappBay: About GamerHash AI

Oct 24, 2024

[3]

GamerHash Whitepaper

Oct 24, 2024

[4]

GamerCoin Documentation Use Cases

Oct 24, 2024

[5]

GamerCoin Documentation GamerHash Apps

Oct 24, 2024

[6]

GamerHash AI GamerHash Miner

Oct 25, 2024

[7]

GamerHash Mining Play&Earn Module

Oct 25, 2024

[8]

GamerHash AI Token Description

Oct 25, 2024

[9]

GamerHash Experience Points

Oct 25, 2024

[10]

GamerHash AI Use Cases: Gamers

Oct 25, 2024