Exactly, a classic arbitrage model. Although it might be easier to sell 10 or even 100 hours of GPU /CPU time for 1 bitcoin then it would be to mine that coin depending on the complexity and effort involved in mining a single coin.

@ruv

I'd say the price point is just as important as the percentage taken by the market. But I do see your point.

Probably various HPC / grid applications mostly.

I'm speaking to a few companies that focus on GPU hosting. There also seems to be a lot of unused GPU capacity in the Bitcoin ecosystem now that mining has gotten much more difficult.

@ruv

One more thing, I doubt the buy side use case is for bitcoin mining.

@ruv

For larger providers the percentage is lower. Essentially you're selling CPU resources that would otherwise go to waste. So 30% of nothing is, well you get the idea.

@ruv

Buyers make an up front deposit, 'pay as you go' model. As they use providers compute resources, the platform automatically (real time) debts the buyer and credits the associated seller/provider. At the end of the month any providers who have $50USD or more are sent a check via an automated check writing service.

What I'm thinking is offering an option to be paid in bitcoins, immediately, rather than at the end of the month.

@ruv

One more point, the two biggest requirements for SpotCLoud other than the actual servers are IP addresses, each instance needs a public IP and bandwidth. So if you have 10 machines with 10 VMs per, you'd need 100 IP's. As well as a home DSL or cable modem won't really cut it. You need at least a T1 or better.

It's free to signup as both a buyer or seller. We take 30% of anything sold. There is no markup on the buy side.

@ruv

Currently, the market is CPU and RAM centric. Essentially a buyer deploys a virtual machine to a sellers server infrastructure. The infrastructure (IaaS) software is a free download from the SpotCloud.com site.

Another idea, is an option to pay capacity providers using bitcoins based on current exchange rates. Also, the ability for buyers to use bitcoins would be interesting as well.

@ruv

Hi everyone, this is my first post to the BC forums. I'm the CTO and creator of SpotCloud.com, a market for buying and selling unused / idle computing capacity based in Toronto, Ontario.

The reason I'm posting is as part of a bit of research into the possibility of adding GPU & bitcoin support to the SpotCloud market.

My question is whether or not this would be of interest to some of the bitcoin users / miners who may have some extra GPU capacity on hand and would like a way to sell it?

Comments and suggestions welcome.

@ruv
http://www.spotcloud.com