Problem
The cryptocurrency and AI compute markets are increasingly dominated by centralized entities, including large mining pools and centralized cloud service providers. This concentration of power has led to several significant challenges: high operational costs, energy inefficiencies, and a lack of transparency.
Traditional ASIC-based mining operations, designed for maximum efficiency, have further intensified centralization, creating an environment where only a select few can effectively participate.
As a result, the rewards generated from mining and AI compute tasks are disproportionately distributed, limiting access and opportunities for broader community involvement. This centralization contradicts the core principles of decentralization and democratization that underpin blockchain and AI technologies.
The Solution
EdgePUG is an open-source protocol that introduces an autonomous AI GPU crypto mining system, leveraging decentralized finance (DeFi) principles, advanced AI technology, and the Akash Network's decentralized GPU resources.
By transitioning to GPU-focused mining and deploying Tadea, the AI Autonomous mining agent, EdgePUG creates a self-sustaining, scalable, and efficient solution for mining cryptocurrencies. This approach minimizes reliance on independent miners while sharing rewards with PUG owners and providing AI compute services within the PugDAG ecosystem.
The ultimate goal is to eliminate the human factor from the GPU mining process, leveraging decentralized computing to optimize rewards distribution across the entire ecosystem
Scalable, Efficient, and Decentralized Mining with Tadea AI (EdgePug Illustration by ChatGPT)
The EdgePUG Protocol operates through three main components
Decentralized Mining Pool
Aggregates computing power from individual nodes and distributes mining rewards fairly and transparently
AI Compute Marketplace Integration
Utilizes Akash Network’s decentralized GPU compute marketplace for renting or selling GPU computing power for AI workloads
Tadea - Autonomous AI Agent
Manages the mining process, optimizes the allocation of computing power, and executes AI compute tasks based on market demand and the system's performance metrics.
Rewards System
EdgePUG Protocol ensures a fair and efficient reward distribution among interconnected nodes. The reward model promotes equitable allocation based on node contributions, with additional rewards for staking PUG tokens and providing AI computing services. By dynamically adjusting rewards in real-time based on network conditions, EdgePUG encourages diverse participation and maintains network stability.
- Equitable Allocation: Rewards are based on the actual contributions of each node, ensuring fairness.
- Staking Rewards: Participants earn extra rewards for staking PUG tokens, enhancing network security.
- AI Compute Services: Nodes providing GPU power for AI tasks receive additional rewards.
- Dynamic Adjustment: AI algorithms adjust rewards in real-time based on network conditions.
- Diverse Participation: Multiple ways to earn rewards encourage a wide range of participants.
- Network Stability: Fair and dynamic rewards maintain a balanced and decentralized ecosystem.
Rewards System