The Blu Blu Network is one of the original pools on the VideoCoin network. On June 21st, 2020, the first official Blu Blu worker CPU went live on the network – just weeks after VideoCoin became commercially available.
Our mission is to develop and scale high-performing worker CPUs for decentralized video transcoding, storage and distribution on the VideoCoin Network. Though established in 2020, the Blu Blu Network has been a long time in the making.
Both co-founders, Jason and Richard, discovered VideoCoin back in 2018, and ever since, have been following the project in preparation for the launch of our operation. Countless hours have been poured into the hardware research, business plan, network testing, brand development and overall vision.
We’re striving to become more than just a big worker farm to support this next-generation video infrastructure. Through our transparency, market education efforts, network testing and data points, we aspire to become a trusted and reliable resource for the VideoCoin community.
Why Stake With Blu Blu?
We’re heavily invested into the VideoCoin network with VID tokens, first-class hardware and educating the market. Simply put – we have “skin in the game” and we’re in it for the long haul. Not only do we believe in the blockchain space, but also the technology behind VideoCoin. It’s why we’re one of the first pools on the network.
1. Our operation is based in Los Angeles, CA
Los Angeles arguably the top streaming hub of America. With over 10 million residents, Los Angeles county is the single most populous county in the USA. Combine this with the penetration of SVOD (subscription video on demand) services in the area, and the market opportunity is massive.
In the long run, this strategic positioning may give us more opportunities with decentralized video storage and distribution work.
Here are reasons why our location matters:
- Significant market penetration: According to a Nielson report, 74% of all adults in Los Angeles city use a streaming or on-demand video service, such as Netflix or Hulu.
- Largest appetite for video content: California – specifically the Los Angeles area – represents the largest moviegoing market in the country, according to The Hollywood Reporter.
- Huge potential market: The Los Angeles, CA area has around 5,476,830 homes with TVs in them. It accounts for approximately 4.8% of the US population, which currently ranks #2 out of all TV markets.
- Neighbor growth in streaming: Cordcutting.com believes neighboring cities, such as San Diego, San Francisco and San Jose are among the 10 epicenters for cord-cutting in 2019.
2. Investment into top-of-line hardware.
We don’t skimp on hardware. In fact, we’ve looked into and tested multiple CPUs and will continue to do so with the latest in technology. Our workers currently use the latest generation of Intel NUC 10s for top computing power.
Technical specs of the Intel NUC 10 NUC10i7FNH:
- 1.1 GHz Intel Core i7-10710U Six-Core
- The six cores reach can be boosted up to 4.7 GHz
- 2 x DDR4-2666 SO-DIMM Slots (Up to 64GB)
- 1 x 2.5″ Drive Bay | 1 x M.2 2280 Slot
- Integrated Intel UHD Graphics
For more information on our worker CPU and why we chose it, check out this article.
3. We’re always testing for best performance, increasing capacity and maintaining reputation.
The VideoCoin Network is expected to have plenty of workers, both big and small. This means that workers need to be chosen from a pool to make sure that they are qualified and have the capacity to finish the work sent to them.
Our team will make adjustments to hardware and technical settings to achieve efficiency and reliability, thus increasing our chances of increased work on the network. Always adjusting to appease the worker selection algorithm means more opportunities and rewards for you!
Worker Reputation Score is based on the following:
- Direct staked
- Delegated staked
- Quality of computing resources
- Capacity of computing resources
- Number of successfully processed workloads
The reputation score determines the amount of workload that our CPUs receive on the network. Though the algorithm is subject to change, we’re always keeping up to date with the latest changes and adjusting accordingly to ensure the highest uptime marks.
4. Trusted, transparent fiat payouts.
You’ll have the option of being paid in cash, VID tokens or both. Fiat rewards are automatically paid on a third-party blockchain: Public Mint. VideoCoin token rewards are automatically paid on the VideoCoin blockchain.
Public Mint, developed by VideoCoin CEO Halsey Minor, is a fiat-native blockchain platform to make fiat transactions efficient yet accessible. They’re partnered with over 200 insured banks that hold fiat funds, thus acting as the custodians.
This decentralized fiat layer immediately turns the payment model into a trustless and transparent experience. In other words, we don’t have to “trust” VideoCoin to pay us the cash rewards we’re owed!
For more information, or if you have any questions – feel free to drop us an email: info@blublu.network.