"Digging" is the process by which Bitcoin and other electronic currencies are created. Digging is done by decentralized networks of individuals, independent or in large groups. An individual miner is known as a "node".

There are two purposes of mining: one is to create more coins, the other is to validate the use of money in circulation, the same is equally important. Take Bitcoin as an example. Transactions made with Bitcoin are grouped into "blocks," which are confirmed by miners. There is a financial incentive for miners to verify these deals. They do this by solving complex algorithms with their computers. Verifying a block will help them to get a new 'Bitcoin' number to be rewarded, in addition to having a transaction fee.

Technically, anyone can dig, but with Bitcoin, the complexity of the algorithms has increased tremendously, so the amount of money you will have to spend to power your computer is more expensive than You will earn coins and new fees from transaction block verification. In short, you will lose money.

For this reason, miners now form large groups called "pools" that combine the power of the computer (called "hashing power"). Due to Bitcoin's algorithm, a large number of computers working together have a better chance of resolving algorithms quickly and collecting money - while costs are decreasing. These "dugout pools" have even evolved into consumer entities, whose frequent users will lose for a fee, most mining pools charge a premium on the profits of each miner.

Some newer electronic currency, and those with algorithms other than Bitcoin, can still dig with their PCs. However, profits may be small and even erased due to fluctuations in the value of money. Remember: the new currency that is created will tend to fluctuate tremendously. Even if you earn a substantial profit in a day, it can easily disappear in the future, leaving you with a loss of money you spend on computers to do that job. In general, digging for Bitcoin is very difficult, requiring a new solution to the problem.

ABOUT NBAI

To solve the above problem, a project called Nebula AI came up with the idea of using artificial intelligence with blockchain technology. In particular, Nebula AI is building a decentralized artificial intelligence computing blockchain (NBAI) that reduces the energy costs of traditional Proof of Work by converting GPU mining machines into AI computing services.The AI transactions recorded on NBAI will be irreversible. The distributed computing network also ensures high concurrency and low latency computing power. The conversion of GPU mining machines makes it possible to provide more cost-effective artificial intelligence services.

ADVANTAGES OF NEBULA AI

With Nebula blockchain, developers can deploy their Artificial intelligence application easily on a blockchain environment. The integrated API/SDK and payment services allow the developers to earn revenue based on the AI smart contract.
Nebula AI also allows the GPU miners to contribute their GPU hash power to the AI computing which bring extra social benefits to society.
Peer-to-peer payment in blockchain technology, as well as blockchain ledger technology, enable shared AI computing to be paid and shared in the most convenient way.
Costing 30% less than Amazon GPU computing.

WHO BEHIND THE PROJECT?

Behind the success of the project can not fail to mention the contributions of the development team and the advisory board. The following is the information of some key members. The rest of you can see more details at their official website:

CHARLES CAO – COFOUNDER: CHARLES majored in electronic engineering at fudan university and obtained his master’s degree at concordia university in electrical & computer engineering. Previously, he worked in collaboration with sap, autodesk, expedia, and paysafe. He is an active thought-leader in the north american blockchain community for many years. In 2017, charles founded nebula ai inc. and is committed to the development of blockchain technology as well as artificial intelligence.

QINHUI LIN – CTO: QINHUI has over 13 years experience in the it domain. He was the former CTO of a residential social platform and led a team to build a high-concurrency and scalable social portal. He has over 7 years experience consulting and developing services for banking institutions such as wells fargo, ge capital and laurentian bank. At NBAI, he is dedicated to ai programming and integrating with blockchain technology to build an efficient ecosystem.

TENGKE XIONG - AI ARCHITECT :Tengke has a Ph.D. and postdoctoral degree in Computer Science at Sherbrooke University. In addition to this, he has more than ten years of experience in AI development. Before joining Nebula AI, he worked as the chief scientist at multiple AI companies. He has also founded his own AI research company and is now responsible for the project architecture.

Some advisors:

ROADMAP

ICO INFORMATION

Ticker: NBAI
Token type: ERC20
ICO Token Price: 1 NBAI = 0.0051 USD (0.00001 ETH)
Fundraising Goal: 15,400,000 USD (30,000 ETH)
Total Tokens: 6,700,000,000
Available for Token Sale: 45%
Whitelist: Yes
Know Your Customer (KYC): Yes
Bonus for the First: 30% on pre-sale
Min/Max Personal Cap: 0.1 ETH / 50 ETH
Accepts: ETH

Token Distribution

CONCLUSION

NEBULA AI is a very promising and worthwhile investment. NEBULA AI received a very positive feedback from professional community and high rating from rating agencies. However, more effort is needed to compete with other competitors in the market . The team consists of people with long experience of blockchain technology, artificial intelligence and software development . The project is the solution for bitcoin mining to make it more efficient, less costly. It also allows you to easily deploy your Artificial Intelligence application on a blockchain environment in a convenient way. Join now for great experiences!