Automacoin

Cryptocurrencies, such as Bitcoin, require huge amounts of energy to operate. Based on the electricity consumption of Bitcoin alone it would be the largest and most powerful computer system ever built in the world. However, all that Bitcoin mining computation is lost. That is quite a large computer to waste. 

Unlike other cryptocurrencies such as Bitcoin, Automacoin is the first coin whose purpose is to perform useful computation. It provides a sense and meaning to crypto-mining and, in a sense, is the most eco-friendly coin possible as every computation involved is intended to contribute to perform a specific calculation for a meaningful purpose.

The Automacoin Foundation aims at using crypto-mining as a force for science and humans to progress while generating value. It is also the first coin purely based on the most fundamental computational principles in a purely transparent fashion. For example, in the long-run, and in its original version, mining and exchanging Automacoin can contribute finding all computable answers to all computable questions and is thus, in a formal way, a permanent holder and estimator of infinite wisdom.

As an ultimate goal we want Automacoin to become an eco-friendly non-for-profit science-as-a-service platform.

SYSTEM ARCHITECTURE

TECHNICAL DOCS

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Latest News

March 2020

We are currently wrapping up a contract open source gig, blockchain based. It will form the basis for our AUTOMACOIN network swarm. This will enable compensation for computation of the Empirical Distribution by a swarm of volunteer nodes and institutions.
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April 2020

AUTOMACOIN has received a 42k grant from Amazon and their AWS Research program to support building our swarm management and data ingestion services for the AUTOMACOIN network.

May 2020

With the Amazon support and funding we will build a spot instance supercomputer and the expectation is to get a 100x exploration power in the software space both for knowledge discovery modelling and incremental compression capabilities.

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Automacoin Team

Current Working Areas

• Architecture and implementation of version 1.0
• DSL and spaces for generating programs
• Economics (value creation and consensus algorithms)
• Promotion and partnerships
• Leadership, governance and management

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Operational

• ​Dr. Hector Zenil | Founder
• ​Martin Lind | Economics Designer
• Cameron Sajedi | Distributed Computing Specialist
• Dr. Santiago Hernández-Orozco | Research Advisor
• Brian Staroselsky | Promoter​

Advisors

• Dr. Hector Zenil (chair)
• Prof. Jean-Paul Delahaye
• ​Prof. Francisco Hernández-Quiroz ​

If you want to contribute please contact us at:
​hector.zenil [at] algorithmicnaturelab [dot] org 

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