Mining 3.0

Transcript

good luck hi um just to i would also encourage you to join uh sustainability working group we meet two twice a month not twice a week just uh that would be too much we're not a family yet so i'm mike from deep square project what we are building is sustainable uh professional cloud computing ecosystem we will get to there uh i'm going to tell you the story about deep square through mining focusing on mining 3.0 you will see what is it about but i would just like to steal two seconds of your time to celebrate the fact that exactly a year ago team met to start writing white paper and draft this

project we have now we did development prior to it by the project as deep square now started year ago so i just wanted to celebrate with you guys so let's start um if sustainability and mining were a couple their relationship would be nothing less complicated overcomplicated extremely complicated you name it but nothing less than that and i'm not just talking about mining that connects us all here but i'm going even one step back including mining original mining so let's start from origins mining 1.0 gold for example extremely shiny nice metal takes very important role in our culture history minds used in so many different industries not

just as a jewelry but the other side of this shiny coin it's not so shiny as a matter of fact gold is extreme mining gold extreme every possible way starting from resources you need to conduct this kind of activity to its social and environmental impact i'm not going to go into details about chemicals released changing landscapes and everything i'm going to focus on one particular impact and that that is the fact that mining gold is extremely energy intensive so electricity consuming extremely drinking any bells energy consumption and climate and

mining and crypto banning uh crypto mining to save electricity energy consumption energy consumption electricity consumption well welcome to the mining 2.0 crypto in this case we are talking about allocating certain compute resources to a certain blocked blockchain network and being rewarded in a form of a native token if you want to be successful you want to have hard uh right hardware in place two options a6 single purpose hardware developed designed to mine one crypto second option gpus multi-purpose pieces of hardware can do mining but also can be applied in so

many different uh situations or applications what binds them together is the fact that obviously you can mine both of the hardware pieces are consuming a lot of energy and as a result there is a lot of heat and if you want to be successful in your mining activities you want to have cooling system in place because uh if the heat also the if the environment of your mining equipment is going up performance is going down and you don't want to do that and this in point point in time certain activities happened that actually led us to what we

now know as deep square many of you do not know about deep square but this is what we're going to change in next 10 minutes so uh a group of uh bright talented um curious engineers uh built their first mining facility in gondor for the ones who do not know gondor is small place in swiss alps has access to green energy and because of the location you need less resources to cool down the equipment this mining facility was 400 kilowatts gpu based and 200 mining systems next year they were hired by clients to scale up what they did they built entire mining

farm and this time we're talking about 8 megawatt 40 000 gpus and 5 000 mining systems but if there is one thing i know about engineers they always want more they are never happy they want to push boundaries and i mean this kind of spirits landed that's on moon so it's not critique it's owed and especially to those guys here sitting who did all of this thank you so going back to gpus and mining this is magnificent but there was still questions to be answered first of them yes you use green energy but you still create heat

air system air cooling systems not efficient i'm sorry but not efficient so one thing what are you doing with heat because whatever regardless of a kind of energy you take and cooling system you have hardware still creates heat in most cases unfortunately this heat is released into atmosphere as a waste while on the other place heat is being generated for heating purposes and it's absurd and third thing gpu is amazing piece of hardware so you can mine but you can also run more lucrative workloads ai rendering and welcome to the mining 3.0

compute so all development now happening in science medicine technology is based on compute cpus as central processing units are simply not enough because of the data you need the amount of data you need to process and the complications or calculations so they are getting complicated on a daily basis so for example genome sequencing done on cpus takes days on gpus hours even less so if you combine that with high performance computing you get super computing resources that can fuel everything but there are still problems to be solved

sustainability being one of them and we we are proof that you can deliver cutting-edge computing technology with less burden on environment and pachamama and what you can start with is renewable energy you can put in place a proper cooling system and you can reuse the heat and sustainability is matter of choice so we all are responsible for what we are doing and this is what we are doing and how we are doing it so this baby here is our proof of concept cluster located in sion here in switzerland at the premises of epfl shared

compass it's powered only by renewable energy we use immersion cooling system that is the practice of dipping hardware into non-conductive oil based liquid that can capture all the heat generated because again machines create heat and then we reuse this heat in this very particular case uh this baby is connected to xion's district heating network anyone from the on here no okay oh do you use a district heating system oh you should because we're going to hit your home yeah okay thanks to this entire system

we can reach pue lower than one poe is a indicator used in data centers that tells you um so basically it's power usage effectiveness it tells you out of 100 of energy you take from the grid how much you use for it equipment or for computing in this case and how much do you use for side activities in most cases saudi activity is an efficient air cooling system current industry average is 1.59 what we can reach is below one and this is why because very simple green energy coming in you have immersion cooling system put in place you reuse the heat for the end user performance files no

difference end user still gets high performance computing and for example if we talk about ai ai is at this moment is on hot seat because of the power consumption and um related co2 emissions so we imagine we have ai engineer who wants to build and train ai model he connects to our platform connects his data or her data builds the model trains the model and he's done in a very efficient and sustainable way but what is it that we at deep square are doing because we are more than infrastructure we are building ecosystem

as a service yes we rely on a distributed or decentralized network of high-performance computing clusters but on top of that we developed cluster manager uh solution it's called cluster factory and this solution is designed and developed to deploy manage and monitor high-performance computing uh infrastructure and just exclusive information for you guys uh on 15th of june uh we're going to launch open source uh version of this software so everyone can use it on top of that we are building marketplace for all the applications needing compute starting we are focusing uh at this moment on high performance computing because this is the biggest

gap on in the market but obviously we can offer uh general compute as well and on top of all of that we are building our own compute protocol in order to deliver transparency decentralization speed and trustless system simplified what can you do in our ecosystem whatever you want basically you can host your nodes uh you can build uh host and host your metaverse project you can build and host your gaming project you can render your next blockbuster movie you can train build and train your ai application you can train ai model to find waldo wherever he's hiding so basically just unleash your innovation and imagination

and you can do it it's accessible to anyone who wants it one of the reasons we're doing this is because this entire beautiful system we are building now around blockchains and this new economy basically is not as decentralized as we like to think because for example if we talk about cloud computing entire industry is dominated by very few players who control 80 percent of the market that that would not be a problem if the governance is not centralized so yes their uh their infrastructure is decentralized you have uh servers all around the world

but everything goes into one governing body but what we believe and what we know is that our dream of decentralization is not lost so we can build actually a system that gives power back to the community and build web three by learning on mistakes we we did with web one and uh web two i didn't do any mistakes i was too young for that but anyways um so yes the dream is not lost and let's build this system together obviously no one can do it uh on its own so let's unite and build because we are responsible for this uh and i'm going to leave you now with this

uh quote from buckminster fuller for the ones who do not know his architect engineer and innovator who says that you never change things by fighting the existing reality to change something build a new model that makes the existing model obsolete so let's build this new model decentralized to the very core so what we are building is layer zero thank you i'm done [Applause] thank you so much