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Roko NetworkRoko Networkby0x6cdDA44E3B32bf1F2Ef0dbA7AF81A49a5558184frokoguardian.eth

Strategic Proposal: Enhancing Roko Network's Mining & Development Capabilities with NVIDIA A100 GPU

Voting ended over 2 years agoSucceeded

This proposal is for a timely enhancement to Roko Network's technological framework through the acquisition of an NVIDIA A100 GPU. This strategic investment is pivotal in elevating Roko’s role within the Bittensor Network, enabling Roko to become a competitive miner and gain expanded development capabilities.

NVIDIA A100 GPU for TAO Token Mining: This proposal entails purchasing a single NVIDIA A100 GPU, equipped with an 80 GB A100 Tensor Core. Renowned for their superior computational prowess, this GPU is ideal for efficiently mining TAO tokens in the Bittensor Network. The GPU investment, at $16,550 USD, will furnish Roko with the commercial-grade hardware necessary for impactful mining operations and increased development capabilities.

The Roko dev team has rigorously experimented with TAO token mining, achieving success in mining through the completion of useful work. However, limits have been reached with current hardware's capabilities. The NVIDIA A100 GPU represents a substantial upgrade, poised to place Roko as an impactful participant in the Bittensor space.

Financial and Strategic Benefits: The acquisition of the GPU presents several financial and strategic benefits:

  1. Superior Mining Capabilities: The NVIDIA A100's advanced technology will significantly enhance mining efficiency and effectiveness, surpassing existing mining operations.

  2. Augmented Income Stream: In addition to the current income generated from delegating TAO tokens, the GPU will generate an additional revenue stream through direct mining.

  3. Roko Infrastructure Expansion: This investment will broaden existing infrastructure, offering the Roko dev team a more diverse range of experimental and innovative opportunities.

  4. Advantages for Token Participants: Enhanced mining and developmental activities will benefit not only Roko Network but also add value and utility for all TAO token participants.

Financial Considerations:

The budget for the NVIDIA A100 GPU purchase is as follows:

Total Amount for GPU: $16,550 USD Additional Costs (Installation components, unforeseen extra hardware requirements eg water block cooling, minor GPU price fluctuation etc.): Up to $1,850 USD Payment Method: Ethereum (ETH) or as per supplier's terms

We will ensure the purchase is timed optimally to capitalize on the most favorable market rates and conditions.

Total Budget Amount: $18,350 USD

Incentive Structure for NVIDIA A100 GPU Operation: Roko Network authorizes the securing of GPU operator services via an incentive structure for optimal operation of the NVIDIA A100 GPU and to further maximize its mining efficiency and output. Under this arrangement, the operator will receive 10% of the yield generated by the GPU as compensation. This incentivizes the operator to aim for the highest possible yield, aligning their interests with Roko Network’s goals.

Additionally, the operator will cover all ongoing electricity and servicing costs for the GPU, effectively eliminating fixed operating expenses for the Roko Network. This setup will facilitate the most efficient management of the GPU, while leveraging the operator’s expertise at no additional ongoing cost to the Roko DAO Treasury, which greatly simplifies operations while positively impacting Roko’s overall revenue.

Conclusion: Investing in the NVIDIA A100 GPU marks a strategic initiative to reinforce Roko Network's stature as a significant miner and innovator within the Bittensor ecosystem. This decision is in line with Roko's objective of technological advancement and is expected to yield substantial financial returns and expanded research capabilities to the benefit of the protocol and the Roko community.

Due to the the limited circulating supply of A100s they are incredibly hard to source and are backlogged a year on orders directly from Nvidia. The time of the this proposal term will be considerably shorter due the urgency of acquiring the hardware.

Thanks for your time and considerations!

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10.24B ROKO100%
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Timeline

Dec 01, 2023Proposal created
Dec 01, 2023Proposal vote started
Dec 02, 2023Proposal vote ended
Jul 15, 2024Proposal updated