Suchflex Turns Idle Computing Power Into an Incentivized Network

Suchflex Turns Idle Computing Power Into an Incentivized Network

Distributed computing firm Suchflex launched in August, promising to aggregate idle compute cycles from computers and offering incentives to network participants. Suchflex is a big believer in the decentralized economy and also supplies volunteer Bitcoin full nodes to its clientele.

Also read: Circle’s Bitcoin Services Now Available In Spain & Ireland

Suchflex Turning Idle Computing Power Into an Incentivized Distributed System

suchflexA lot of people leave their computers running 24/7, and Suchflex can turn that computational power into a passive income.

The Alchemist Accelerator-funded startup aims to build the world’s largest data center service without owning servers. Its platform has been in public beta since August and has been scaling operations since then.

Currently, the platform has 6,000 active users and more than 600 computers contributing at any one time. Contributors can earn money in the background and redeem funds at any time. Gaming rigs can earn up to 200 percent more than the average computer. Alongside the vending aspect, corporate subscribers pay for the computational resources. Moreover, Suchflex also uses cryptocurrencies to fund the network and as rewards for computer processing power.    

“Aside from selling computing resources to Machine Learning SMEs, Suchflex monetizes contributors’ computers using digital currencies. Digital currencies provide a consistent monetization layer for contributors of resources to the Suchflex network,” founder and CEO Ivan Zone told Bitcoin.com.

Serving Gamers and Bitcoin

Suchflex was founded by Ivan Zone, a former Quant Developer for Wall Street Hedge Funds. Zone has a strong background in machine learning trading algorithms and computational knowledge. Co-founder and CTO John Heeter is a designer and developer in the gaming industry. The gaming industry plays a significant part in the Suchflex economy, with 50 percent of users being active PC gamers.

Additionally, the Suchflex team strongly supports the decentralized peer-to-peer movement. While discussing this future with Bitcoin.com, founder Ivan Zone told us:

Suchflex is inspired by and invested in the future of decentralized economies. To help realize that future, Suchflex offers volunteer Bitcoin full-nodes service to its users. Suchflex Bitcoin full-nodes service is the easiest way to run a Bitcoin full-node on a laptop or PC. By running a Bitcoin full-node, users allow Bitcoin to continue to grow. Suchflex takes a neutral stance on the type of full-nodes users should run, giving them the choice of: Core, Unlimited, Classic and XT.

Suchflex Is Leaving Public Beta Soon

Suchflex bannerThe Suchflex team wants its platform to be the go-to-market app with users benefiting and utilizing breakthrough blockchain technology. Users simply choose whether to share CPU, GPU and hard-drive storage for a weekly incentive. Suchflex customers can opt to redeem USD or bitcoin through Coinbase or other payment processors.

The company is also currently enrolled in the San Francisco Alchemist Accelerator program. Currently, the firm holds the #1 spot for the “Enterprise startups and Fundraising” category. Suchflex is planning to exit its public beta soon after Demo Day in January of 2017. It is also encouraging people to sign up for an account and take advantage of the promotions it’s offering beta users.

What do you think about the Suchflex platform? Let us know in the comments below.


Images via Suchflex website and Shutterstock.


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