Network tech large Cisco received a patent on Tuesday that could be utilized to the bitcoin mining approach.
Cisco submitted a patent software back again in September 2015 for a “Group-sourced cloud computing” procedure, according to information and facts from the U.S. Patent and Trademark Office (USPTO). The patent outlines how computer system owners may perhaps be able to provide up their unused processing electrical power for particular procedures – which include the electrical power-intensive mining approach.
The filing describes how a user could partition their means to build dedicated computing electrical power for a cloud software. The cloud software would then be made use of for numerous applications, Cisco notes, heading on to explain:
“This design is ideal for, among the other items, providing distributed processing and services that can be optimized for pace, quantity, scale and resiliency, price, and regulatory compliance–for illustration, distributed community theft protection systems, or cluster, metropolis or municipality county pertinent services… One particular this sort of situation includes bitcoin mining, which may perhaps be incredibly computational intensive and is ordinarily additional convenient for each individual participant when carried out in ‘mining pools.'”
Cisco touts the advantages of distributed processing in the filing, noting that its procedure could be easily scaled and would be resilient towards particular kinds of attack. Further, “the service supplier can use geographic distribution to offload or enhance network loading, as properly as to resell large-scale, lower-price computing and storage ability,” the enterprise notes.
As previously noted, Cisco is a single of a selection of enterprise technologies companies studying applications of blockchain, specially in the location of linked units or the Online of Things.
The agency has also sought patents for other takes advantage of of blockchain, which include a single that would leverage the tech in order to keep track of data for team chats.
Bitcoin mining picture by way of Shutterstock