Technology conglomerate Cisco received a patent for the development of “crowd-sourcing system for cloud computing”, applicable in particular to the mining of cryptocurrencies. It is reported by CoinDesk.
The application to the patent and trademark office, was filed in September of 2015 and proposes to use the excess computing resources of the computer to perform various tasks, including energy-intensive mining.
According to the project developers, the division of resources allowed to create a dedicated computer system, which can be used in the form of “clouds”.
“This model is suitable, among other things, for distributed processing tasks, and distributed services that can be optimized for speed, volume, scale, fault tolerance, cost and compliance. One of the possible applications of bitcoin mining, which can be very resource-intensive and, as a rule, more convenient for each participant, if you are in the mining-pools”, – stated in the description of the patent.
The advantages of distributed computing Cisco also points to the ease of scaling and resistance to certain types of attacks. In addition, their design allows service providers to use geographical distribution to unload or load balancing in the network, and also for resale of widespread, cheap computing resources and storage space information.
We will remind, in October 2017, Cisco filed a patent application on the establishment of the monitoring system for IoT devices based on blockchain technology.