Flux is building large-scale infrastructure for Web3, AI, and storage—a prerequisite for technological progress and for the Internet to evolve.

To succeed, Web3 has to be truly decentralized. Otherwise, it will fail to deliver on the promise of transferring ownership back to the users from the ‘Big Tech’ stewards with immense power over the current Internet.

This is why the Flux blockchain is fully committed to the ‘Proof of work’ (PoW) consensus model. There will never be a true Web3 without PoW.

GPU miners put their hardware to work to secure the Flux network, and they are essential to the continued operation and decentralization of Flux. In return, they earn block rewards to fund their operations. It’s a symbiotic relationship where the Flux blockchain and the miners depend on each other to provide a fruitful and mutually beneficial partnership.

More About Flux:

To provide an attractive ecosystem to miners, Flux is dedicated to building new technology to make mining more attractive while expanding the incentivization model for miners.

Previously Flux introduced parallel mining to increase the rewards miners earned and added bonus earnings to mined blocks that contained Titan nodes claiming transactions.

Now Flux is working on a much more fundamental change for Flux mining that will bring new opportunities for miners.

In Q3 of 2023, Flux will launch the proof of concept for ‘Proof of Useful Work’ or PoUW. This will enable miners to make their rigs available for on-demand work for compute-intensive tasks such as AI, deep fake detection, rendering, etc. PoUW creates a new revenue stream for miners as they can automatically switch between mining and doing on-demand PoUW tasks to optimize profitability.

Any miner will always be focused on optimizing the efficiency and profitability of their mining rigs. PoUW presents a new paradigm requiring miners to find new optimized hardware and software configurations to achieve optimal mining operations.

To collaborate with the mining industry to find optimal builds for PoUW, Flux is thrilled to announce a partnership with the premier mining hardware designer and manufacturer Octominer.

Octominer is a strategic hardware partner for Flux service providers.

Octominer is a supplier of mining-focused hardware founded in 2017 by a group of cryptocurrency mining & computer hardware enthusiasts. They strive to design and manufacture mining rigs that reduce downtime and labor costs and increase efficiency, providing clients with more innovative and reliable mining hardware that increases profitability and shortens ROI times.

As a strategic hardware partner for Flux mining, Octominer will:

• Design and sell ready-made PoUW servers with quality hardware compatible and optimized for Flux PoUW. Here are some specs that will be very close to the configuration of the Flux PoUW server.
• 10 GPU HPC Server
• 10 GPU (PCIe GEN3 X8 link)
• 4.5U server lid included to account for taller GPU dimensions
• 19 Inch server form factor
• CPU: 2x Intel Xeon E5 2698 V3–3,6Ghz 16 core per CPU (32 core total)
• RAM: 256GB DDR4 ECC 2133MHz ( 1TB MAX)
• STORAGE: 2TB M.2 SSD
• (MAX UP TO 10x 3.5 INCH HOT SWAP DRIVES)
• POWER: 5400W (3x1800W) hot swap
• 6x 120MM 6500RPM HOT SWAP COOLING FANS
• Integrated IPMI 2.0 and KVM with Dedicated LAN (with remote management)
• Available upgrade options
• Dual 10G NETWORK CARD, INTEL X540-T2
• 5U CASE LID FOR TALL GPUs (UP TO 17.5CM)
• 4U CASE LID FOR SHORT ENTERPRISE GPUs
• 2x M.2 to PCIe SSD adapter
• 3 YEAR WARRANTY UPGRADE
• 10x OCTOSERVER RTX 4090 Ai, Dual Slot GPU
• Be a trusted partner in the mining space to enable the optimization of Flux PoUW hardware and software by providing valuable feedback throughout the development of PoUW.
• Design and sell a Flux-branded mining rig, the ultimate swag for dedicated Flux miners and service providers. Octominer is also launching a new Enterprise server lineup with features specific to Enterprise operations. With locations in Asia, Europe, and the US, they have a global reach in the community.
• Collaborate with Flux to expand with further partnerships in the mining and AI industries.
• Provide comprehensive market coverage as Octominer operates in the US, Europe, and Asia.

Flux is excited about the many opportunities that this strategic partnership will bring and, in particular, how it will help deepen the ties to the mining community and industry.

About Flux

The Flux Ecosystem is a suite of decentralized computing services and blockchain-as-a-service solutions which offer an interoperable, decentralized, AWS-like development environment. Flux utilizes a native POW (Proof-of-Work) coin to power this ecosystem, providing incentive for hardware hosters, governance on-chain, and bad actor mitigation via staking requirements for running hardware.

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About Octominer

SOURCE: MEDIUM

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Dive into the FLUX project

Previously named Zel, and then rebranded as Flux, this crypto project aims to be the next generation decentralized cloud architecture that is scalable, collecting decentralized computing and blockchain as service solutions. Hyve Flux Token Integration, The idea behind Flux’s project was to create a revolutionary second-layer operating system. It allows hardened dockerized apps to run on Flux’s fully decentralized computational network.

Therefore, the Flux ecosystem is a suite of decentralized computing services and blockchain-as-a-service solutions. They offer an interoperable, decentralized, AWS-like development environment, utilizing a native POW (Proof-of-Work) coin to power this ecosystem, providing incentive for hardware hosters, governance on-chain, and bad actor mitigation via staking requirements for running hardware.

Flux is vital to the blockchain space as it provides critical infrastructure, development tools, and industry experience necessary to quicken the pace of blockchain solution rollouts. Hyve Flux Token Integration ,Flux allows building your own novel blockchain products, for strategic partners to leverage computing power and services they require to thrive, and for independent blockchain developers to launch their ideas efficiently and effectively.

Flux is a native crypto asset with its own blockchain. There are Flux “parallel assets” to allow the Flux governance coin to function on all DeFi protocols including Kadena, Binance Smart Chain, Ethereum, Tron, Solana and more, over time.

Dive into $FLUX

$FLUX is a fair-mined, proof-of-work cryptocurrency that acts as a utility asset for onboarding to the ecosystem and powering the transaction of information across the ecosystem. The asset also acts as the main incentivization for operating a FluxNode: enterprise-grade server hardware powering the Ecosystem. Flux can be attained via GPU mining, trading on available exchanges, and as rewards for operating nodes. Our Ecosystem is a community-based project with a foundation that represents the community’s voice and protects the community’s wishes for the project.

FLUX’s coin has raised over $22 million from investors. $FLUX is not only capable of handling, settling, and finalizing real-world data for the open market. It can also be utilizing by other protocols to aggregate data for their custom needs. Unlocking the walled garden bottleneck that has been stifling the blockchain’s potential.

To get your attention, here is a list of $FLUX platform’s use-cases:

• Blockchain as a service – hosting blockchain nodes and apps
• DApps – run decentralized applications
• Oracles – run apps to provide decentralized data sets
• Price Rate Servers – The ZelCore wallet pulls all pricing data from price rate servers running on FluxOS
• Game and web servers – hosting of game and web servers to provide content for end-users

If the FLUX project caught your eye, the contract address for $FLUX is down below:

BSC: 0xaFF9084f2374585879e8B434C399E29E80ccE635

ABOUT Hyve Network

HYVE has created a community-driven ecosystem, facilitating collaboration between users in a uniquely decentralized environment. HYVE introduces payments directly in cryptocurrencies. It also provides numerous advantages and facilitating interaction regardless of external factors.

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About Flux

Flux is the new generation of scalable decentralize cloud infrastructure. Simply develop, manage, and spawn your applications on multiple servers at once. Ready for Web 3.0, dApps, and more.

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SOURCE:

https://latest.hyve.works/new-token-integration-flux-is-now-part-of-the-hyve-ecosystem/

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Buffer is a non-custodial on-chain peer-to-peer options trading protocol that operates like an Automated Market Maker. This means traders can use Buffer to create, buy and settle options against a liquidity pool without a middleman.

There are typically two parties involved in the trading. Option buyers can buy options for any given asset (Buffer currently supports 18) in auctions with customizable strike prices and expiries. Liquidity providers provide liquidity in a common liquidity pool.

In other words, Buffer buys options for buyers and enables them to directly monetize their assets without having to go through a third party.

How will Buffer leverage Flux’s oracle network?

The platform requires data on the current price of each asset it supports. Currently, Buffer uses a “Black Scholes model”– when Buffer sells an option, it needs to price it and the user has to buy it.

The pricing for the asset has been embedded within the contract itself based on the current price, strike price, and implied volatility selected. Flux Protocol is providing Buffer with current prices for its supported assets.

“Buffer utilizes Flux for high-quality price data in their option product. With this integration, users of Aurora and NEAR will now have access to open market mechanics for more flexibility and control over their assets,” said Peter Mitchell, co-founder of Flux Protocol.

By integrating with Flux, Buffer is leveraging a truly decentralized oracle solution that can request data from individual data providers rather than a centralized black box.

“Asset price feeds are a critical requirement for accurately pricing and settling options, and Flux oracles have been pivotal for us to launch on the Aurora platform,” said Ric Feynman, founder of Buffer Finance. “This integration will help us offer our products to the growing NEAR and Aurora community.”

About Flux

Flux allows any smart contract to connect with crowdsourced, API-based, and price-feed data. Flux brings this data on-chain using a sophisticated validation and dispute mechanism that relies on economics principles to keep validators honest.

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About Buffer Finance

Buffer is a multi-asset gamified options trading protocol. It allows anyone to buy options against any asset directly against a liquidity pool.

Website | Twitter

SOURCE:

https://fluxprotocol.medium.com/flux-protocol-integrates-with-options-trading-protocol-buffer-finance-7ce63964c5c8

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