It has been a while since I wrote a post about BOID, so I figured I should fix that. If you have been following me for the past three years, you are probably already very familiar with this project.
If you have not, here is the rundown:
Back in the day when I had my old IBM desktop computer and a dial up Internet connection, a project was started called [email protected] Basically, your computer downloaded these small packets of information and processed them while your screen saver was running.
In this way, the SETI (Search for Extraterrestrial Intelligence) project was able to leverage the computing power of thousands of people all over the world without needing to pay for and use precious/valuable supercomputer time.
This is the same way BOID works. By connecting to the IBM World Community Grid, the project sends packets of information to your computer(s) to process. In addition to that, you also get to earn the BOID token as you process those packets.
A lot of people will always remember 2017 because of the crypto bull run. For me, there is a very different reason that I will always remember that year. It was the year that I was diagnosed with testicular cancer.
Thankfully, in another couple of weeks here I will be into my fourth year of remission (fingers crossed). When the BOID project started and I saw that they were focusing on Mapping Cancer Markers, I knew I needed to get involved.
I have been running BOID for several years now and one of the things I love the most about it is the fact that it utilizes not only GPU mining, but CPU mining as well. This means I can have an entire stack of old machines just sitting and chugging along processing the work units from the WCG.
In 2020 when the Corona Virus Pandemic really started to ramp up, they shifted their focus to Covid research and it felt really good to contribute to that.
For a while BOID was doing competitive seasons where teams would compete against each other for top spot on the leaderboard. Likewise members of the teams could compete within their group for prizes such as other tokens and NFT's.
It has been a while since the last season and I have seen no information about any upcoming seasons.
I really think BOID is an awesome project. The interface is easy to use and with Scatter it connects seamlessly to your EOS wallet. There are a couple of things that you should be aware of if you are looking to dive into BOID.
Right now the token just doesn't have a lot of utility. Basically, you stake more of the token so you can earn more of the token. While that works on paper (Hive for example), without other functionality for the token it just seems mind numbingly pedantic to me.
Hive has fixed that issue by offering second layer tokens and other things to give the token more value.
There are talks about an NFT game coming soon that will potentially give BOID some more utility beyond staking just to earn more. I am really excited about that. Since I have been participating in BOID for several years now, I hold a fairly decent number.
Another thing to note is the fact that the total token amount is huge. 25 Billion to be exact. I think that is part of the reason it is only sitting at $.000015 cents or so right now. I am not saying that is an all time high, but that is the highest I have seen it in a while.
Hopefully the new game will implement some kind of burn mechanism to help bring that total token number down.
Being honest, you probably aren't going to start participating in BOID because you want to make money. This is more of a philanthropic "I am contributing to the greater good" type thing. At least until that game comes out.
Looking at the timeline on the bottom of their page, it also appears they have plans for some form of Defi, governance, and perhaps some type of DAC.
So there is my quick rundown of Boid. I am the leader of the EOS Detroit team. We are currently #7 on the team global leaderboard.
If you are interested in joining our team you can use this referral link:
All pictures taken by myself or @mrsbozz
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