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Cloud-Computing Business Lifts Oracle’s Profit — Update – Fox Business

Oracle Corp. co-founder and executive chairman Larry Ellison predicted three months ago the company's cloud-infrastructure business would "soon" grow faster than its other web-based, on-demand applications and services.

He didn't say then when soon would be. But it wasn't three months.

On Wednesday, Oracle reported fourth-quarter results that topped analysts' expectations, sending its stock soaring in after-market trading. The company also changed the way it reports its cloud-computing business.

Oracle is mixing its nascent infrastructure-as-a-service business, where it provides computing resources and storage on demand, with its more tenured business of selling access to app-management and data analytics tools, called platform-as-a-service.

In its fiscal fourth quarter, Oracle posted solid results in its cloud-infrastructure business, where it competes against leaders Amazon.com Inc., Microsoft Corp. and Alphabet Inc.'s Google. Revenue from the business rose 23% to $208 million.

The Redwood City, Calif., company's platform-as-a-service business, combined with its other cloud business that sells access to applications -- known as software-as-a-service -- saw revenue climb 67% to $1.15 billion for the quarter ended May 31.

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Going forward, it isn't clear whether Oracle will continue to break out its progress in the cloud-infrastructure market. On a call with analysts, co-Chief Executive Safra Catz said Oracle combined its platform and infrastructure cloud businesses because "synergies and cross-selling between these two businesses is very high."

Over all, Oracle earned a profit of $3.23 billion, or 76 a share, in its fiscal fourth quarter, up from $2.81 billion, or 66 cents a share, a year earlier. The company said adjusted per-share earnings, which commonly exclude stock-based compensation and other items, were 89 cents.

Revenue rose 2.8% to $10.89 billion. Excluding the impact of a strong U.S. dollar, revenue would have grown 4%, the company said.

According to estimates gathered by S&P Global Market Intelligence, analysts expected Oracle to earn 78 cents a share on an adjusted basis, on revenue of $10.45 billion. Shares jumped 9.5% to $50.18 in recent after-hours trading.

Mr. Ellison has made building the cloud-infrastructure business one of Oracle's key missions, saying last summer "Amazon's lead is over" after introducing Oracle's latest technology for the market.

Amazon, though, continues to pull away. Its Amazon Web Services unit, whose net sales are largely comprised of its cloud-infrastructure business, grew 43% in the most recent quarter to $3.66 billion.

To keep pace with rivals in the cloud-infrastructure market, Oracle will need to meaningfully expand its capital spending and operating expenses, Stifel Nicolaus & Co. analyst Brad Reback recently wrote in a report.

Last year alone, Amazon, Microsoft and Google spent a combined $31.54 billion in 2016 on capital expenditures and leases, much of that on data centers to deliver cloud-infrastructure services.

Oracle spent $2.02 billion on capital expenditures, up from $1.19 billion a year earlier. That, in part, led to operating margins of 34%, compared with 43% in the previous fiscal year. The company has said it doesn't believe it needs to spend as much as rivals to catch up, arguing its technology is superior.

Mr. Reback, though, believes that the company will invest more in data centers to compete in the cloud-infrastructure market.

"They will need to continue to spend $2 billion or higher a year," Mr. Reback said in an interview.

Growth in Oracle's entire cloud business is outpacing the decline in its legacy business of selling licenses to software customers run on their own servers. The cloud business grew $502 million year-over-year while Oracle's new software-license revenue fell $140 million. It is the fourth-consecutive quarter in which Oracle's cloud-revenue gains outpaced declines in its legacy software business.

Over all, revenue from new software licenses fell 5% to $2.63 billion.

The biggest piece of Oracle's software business remains its massive software-license updates and product-support operations. That segment generated $4.9 billion in revenue, a 2% gain from a year earlier.

Write to Jay Greene at Jay.Greene@wsj.com

(END) Dow Jones Newswires

June 21, 2017 17:45 ET (21:45 GMT)

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Companies plan to spend more on cloud computing services this year, higher prices among drivers: Clutch – Canadian Underwriter

Companies are planning to spend more on cloud computing services in 2017, but must be cognizant that anticipated costs could balloon absent appropriate monitoring and use, suggest survey results released this week by Clutch.

Reflecting input from 283 IT professionals at businesses in the United States that use a cloud computing service, Clutchs Second Annual Cloud Computing Survey found 67% of polled businesses plan to increase cloud computing spending this year.

Almost half of businesses surveyed report they expect their cloud computing to increase by 11% to 30%, while almost one in five expect the increase to exceed 30%, note poll results from the Washington, D.C.-based B2B ratings and reviews firm.

Just 8% of businesses participating in the survey which explored current and future trends say they expect their cloud computing spending will go down in 2017.

Cloud is the new normal, suggests Jeremy Przygode, CEO of Stratalux, Inc., an Amazon Web Services advanced consulting partner and managed service provider.

When businesses need to evaluate new solutions, or need to do a hardware refresh on existing solutions cloud is the go-to solution to figure out how to do that, Przygode says in a statement from Clutch.

Notes Clutch, As the cloud gains popularity, businesses are perhaps less likely to see it as an alternative option, but rather as the logical next step for their data storage. Therefore, they will increase their spending in the technology.

While the anticipated spending rise may be encouraging, Clutch cautions that these additional expenditures may be due to a variety of factors, from a greater desire to use the cloud to negligence regarding usage.

Consider that 47% of polled business the largest percentage of all options cited increased cost as a challenge encountered with their cloud provider in the past year.

This suggests that, in some cases, the increased spending is perhaps not always intentional or wanted, Clutch reports. The reality of cloud computings mechanisms means that businesses may end up paying more than they expected.

Keeping costs in line can be advanced by monitoring and appropriate use. For example, if usage surges, prices can increase dramatically.

Cloud computing is a dual edged sword, says Przygode.

Its great because you can quickly provision equipment or resources in the cloud by simply pushing a button. Thats the agility. However, the other edge of that sword is, because its so easy, people tend to fire stuff up and forget about it, he points out.

When starting out with a cloud project, the customer may think that its much cheaper, says Haresh Kumbhani, founder and CEO of Zymr, Inc., a cloud consulting and software development services company.

But, by the time they go to production, the bill goes from $800 to $8,000 per month, Kumbhani notes, adding price increases can be alleviated through proper monitoring.

That surge happens because theyve chosen the auto-scale option and didnt tune the policies which govern the costs, he explains.

Survey findings show that advances have been made on a number of fronts, including security and perception of how secure cloud can be. In fact, the largest percentage of respondents listed security as a benefit of using the cloud.

Still, Kumbhani advises considering three aspects when it comes to cloud security:

Around 80% of breaches occur because this third part is not very well-secured, Kumbhani points out. That being the case, he recommends that clients encrypt their data and databases, ensure users privileges are correct, and deploy features such as cyber security scanners that monitor for threat scenarios.

There is also movement with regard to what type of cloud private, hybrid or public respondents are using or looking into using.

Though a private cloud remains the most popular option, results indicate a hybrid cloud is an increasingly attractive option, with 82% of polled businesses that do not currently use a hybrid cloud saying they are exploring the option for the future.

A hybrid cloud has services and infrastructure spread between a private network and off-site cloud provider, offering flexibility and customizable features.

Even if you are committed to a private cloud solution, a hybrid cloud solution can provide additional benefits where you can burst your workloads into the public cloud as needed, Przygode suggests.

Burstability is defined as meaning even if cloud usage surges past average levels, then the public cloud can provide the CPU to manage that, as opposed to maxing out.

When you go with a hybrid solution, you have to make sure as a company its engineered properly to gain access to it, advises Kevin Rubin, president and COO of IT managed service provider Stratosphere Networks.

Although a bit more challenging, customizing your cloud experience allows [a business] to leverage different toolsets that are truly drilled down to their department, their individuals, and how they do business, Rubin explains.

Przygodes view is that the transition towards public cloud is an inevitability.

Size also matters when it comes to the cloud and choices around that.

Findings show the needs of small- to mid-sized businesses versus large enterprises are very different, and that each type of company should evaluate their specific needs before deciding between private, public, or hybrid cloud options.

While large enterprises may be able to afford external help, Rubin says, small- to mid-sized businesses may need to wait to transition, or seek out lower priced options.

Related: Global spending on worldwide cloud services and infrastructure to reach US$122.5 billion in 2017: International Data Corporation

In addition, almost one in five surveyed businesses using a cloud computing service are using artificial intelligence (AI) encompasses the concept of computer systems accomplishing tasks that previously required human intelligence features.

The cloud can progressively power AI with larger computing power and data storage, Clutch reports, adding that 60% of polled businesses using AI began doing so in 2015 or 2016; and 10% in 2017 (from January and mid-May).

Przygode points out that AI can be used to scan IT environments and analyze potential threats with greater efficiency.

AI is a really good use case for finding the signal in the monitoring noise, because sometimes there might be alerts for an activity that is perfectly normal, but using AI, we can filter alerts through machine learning algorithms and reduce false positives before they get escalated to our team, he explains.

As businesses explore their options for data management and storage in the future, it is important to understand the opinions and trends regarding cloud computing, and how this technology is evolving, Clutch recommends.

Companies can go it alone, Przygode says.

He adds, however, that cloud computing is not the same type of computing as it was in previous generations, and traditional IT and cloud IT are different. Frankly, the infrastructure and, more importantly, the way of managing that infrastructure, has changed dramatically, he maintains.

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Oracle Revenue Blows Away Estimates on Surging Cloud Demand – MSPmentor

(Bloomberg) -- Oracle Corp.s push into cloud computing is picking up momentum, sparking a fourth straight quarter of revenue gains for the software maker.

The company, which set a record closing high Wednesday for its shares, reported total sales that easily topped analysts estimates.

Oracles cloud businesses grew 58 percent in the fiscal fourth quarter.

Meanwhile, new software licenses, a measure thats tied to the companys traditional on-premise software offerings, declined 5 percent compared with a drop of 16 percent in the previous period.

Oracles long shift to the cloud, which lets customers access services without installing them on their own computers, is now producing more sturdy growth, indicating that the company can compete against rivals such as Salesforce.com Inc. and Microsoft Corp.

It benefited in particular with applications that help companies in areas such as human resources, customer relationship management and financials.

Sales for that piece of Oracles business, which was detailed for the first time in the earnings report, jumped almost 70 percent.

Everything looks very, very strong, said Joel Fishbein, an analyst at BTIG. Oracle is a legitimate and formidable cloud player.

Shares of Oracle rose as much as 12 percent in extended trading after the earnings were released. Investors have been optimistic this year with the companys stock increasing 20 percent to a record $46.33 at the close in New York.

We continue to experience rapid adoption of the Oracle Cloud, co-Chief Executive Officer Safra Catz said in a statement. This cloud hyper-growth is expanding our operating margins, and we expect earnings per share growth to accelerate in fiscal 2018.

Adjusted revenue increased 3 percent to $10.9 billion in the period ended May 31, the company said Wednesday in a statement.

On average, analysts had projected $10.5 billion, according to data compiled by Bloomberg.

Profit, excluding some costs, was 89 cents a share, topping the estimate of 78 cents.

Net income rose 15 percent to $3.2 billion.

During a call with analysts, Catz said she expects adjusted revenue in constant currency to rise 4 percent to 6 percent in the current quarter.

She also projected adjusted earnings of 59 cents to 61 cents per share, adding that Oracle should see double-digit growth in earnings per share for the fiscal year.

Oracles finally turned the corner in terms of its cloud momentum, said Josh Olson, an analyst at Edward Jones. For years, its been kind of struggle. But theyve, I think, found their footing.

Oracle executives used the call to tout the interest of customers in its cloud business.

Last month, the company said that AT&T Inc., the telecommunications giant, had signed a deal to move thousands of databases to Oracles new platforms.

While it provided no revenue at all in Q4, its a very strategic win as a reference to all of our customers about the modernization of databases and the movement of them to the cloud, co-CEO Mark Hurd said during the call.

Still, the better-than-anticipated performance in the traditional business helped deliver much of the positive news in the quarter, said Pat Walravens, an analyst at JMP Securities.

The real outperformance came in the part of the business that theyre moving away from, Walravens said.

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Scaleway doubles down on ARM-based cloud servers | TechCrunch – TechCrunch

Iliads cloud hosting divisionScalewayhas been betting on ARM chipsets for years because they believe the future of hosting is going to be based on ARMs processor architecture. The company just launched more powerful ARMv8 options and added more cores to its cheapest options.

If youre not familiar with processor architecture, your computer and your smartphone use two different chipsets. Your laptop uses an x86 CPU manufactured by Intel or AMD, while your smartphone uses an ARM-based system-on-a-chip.

Back in April, Scaleway launched 64-bit ARM-based virtual servers thanks to Cavium ThunderX systems-on-a-chip. And the most affordable option is crazy cheap. For 2.99 per month ($3.30), you could get 2 ARMv8 cores and 2GB of RAM, 50GB of SSD with unlimited bandwidth at 200Mbit/s.

With todays update, Scaleway is doubling the number of cores on this option you now get 4 cores instead of 2, making it quite competitive with entry-level virtual private servers on DigitalOcean or Linode. The company told me that it could be the best compute-to-price ratio on the market. For 5.99, you now get 6 cores and 4GB of RAM.

And Scaleway also thinks you should be using ARM-based servers for your demanding tasks, as well. You can now get up to 64 cores and up to 128GB of RAM. This beefy option is quite expensive, at 279.99 per month, but Scaleway also added a bunch of intermediary options with 16, 32 or 48 cores.

My main complaint remains the same. Scaleway currently has two data centers in Paris and Amsterdam. The company needs to think about opening up new offerings in Asia and the U.S. if it wants to become a serious contender in the highly competitive cloud hosting market.

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Qualcomm’s server silicon has a cloud customer: Packet – The Register

Qualcomm looks to have a customer for the Centriq 2400 , the 48-core CPU it's aiming at the server market: the minor cloud player Packet has signed up to introduce the architecture to its customers.

Packet bills itself as a cloud for developers and has been running Cavium's 48-core ARMv8-A ThunderX processors since November 2016. Now it's announced that it's going to show up at developer gabfests to show off a consumable cloud platform, providing access to a series of demonstrations leveraging open source tools such as Ansible, Terraform, Docker and Kubernetes, all running on Qualcomm Datacenter Technologies ARM architecture-based servers.

There's announcement doesn't mention a firm commitment to run the Centriq, but both companies express the usual admiration for each other's complementary offerings. The Register can't imagine what would stop the pair from taking the next step and running a Centriq-powered cloud.

That means the chance to run the cut of Windows Server Microsoft has ported to Centriq. Throw in the fact that Linux is happy running on ARM and things get interesting.

And more interesting again with news that another minor cloud, Scaleway, has thrown some more Cavium ThunderX SoCs packing ARM V8 tech into its cloud. The company's therefore renting 64-core servers at 0.56 an hour, albeit as a preview as we're still deploying nodes to handle large scale deployments.

Scaleway's nonetheless declaring the new and larger instances as proof that ARM is a true alternative for the server market with solution for small and large workloads.

Here's the instances on offer.

News of Scaleway's and Packet's efforts ends a tough week for Intel, which entered it with Xeon as just about the only CPU worth putting on a cloudy shopping list and ended it with AMD's Epyc seeing the light of day and two clouds contesting for buyers' consideration. All of which can't be bad for customers.

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Huawei enhances public cloud capabilities to deliver HPC applications – Techseen

Global information and communications technology (ICT) solutions provider, Huawei has released the public-cloud-based HPC Cloud Solution 2.0 at ISC17. It has been developed based on the OpenStack architecture and has been enhanced in performance compared with the previous version .

The new solution is co-developed by Huawei and Mellanox based on InfiniBand and is claimed as the first HPC public cloud solution providing 100 Gbit/s EDR computing network capabilities in the industry. In addition, this solution uses high-performance local storage to improve the overall HPC computing performance and instant data erase and storage encryption to enhance security.

We are pleased to cooperate with Mellanox in HPC public cloud solutions, helping Huawei further enhance Huawei public cloud capabilities based on Mellanoxs advanced technologies in the HPC interconnection industry and provide more choices for customers. This cooperation will accelerate cloud-oriented transformation for industrial customers and assist enterprises in continuous innovation in HPC services, said Sun Jiawei, Director, IT Business Development Dept, Huawei.

The HPC solution will be firstly rolled out on Open Telekom Cloud, a public cloud platform jointly provided by Huawei and Deutsche Telekom in Europe. It uses high-performance Elastic Cloud Servers (ECSs), Bare Metal Service, and heterogeneous computing acceleration, InfiniBand-based 100 Gbit/s EDR computing network capabilities, as well as parallel file system storage capabilities.

The public cloud is the perfect fit for all customers demanding short-term powerful computing capacities. With the new HPC features, we furthermore enhanced Open Telekom Cloud and broadened our range of use cases for each industry, said Andreas Falkner, Vice President, Open Telekom Cloud.

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Microsoft Azure, Baidu embrace AMD’s new Epyc data center processor – GeekWire

Advanced Micro Devices long road back to relevance as a data center computing supplier got a little easier with promises of support from two of the biggest server buyers on the planet.

Microsoft Azure and Baidu promised to deploy AMDs new Epyc data center chip for their cloud customers to select as an option, the companies announced Tuesday at AMDs Epyc launch event. Those two companies deploy a lot of servers: Intel, which has over 95 percent of the market for data center processors, includes them in its Super Seven customer group along with Amazon, Google, Facebook, Alibaba, and Tencent.

Epyc is a new processor design with 32 separate processing cores. If youre a super chip nerd, check out The Next Platforms overview of the new design and what it can accomplish, but the bottom line is that the new processor seems like it will be capable of competing with Intels forthcoming Skylake processors, giving cloud server buyers their first alternate supplier option in a very long time.

Ten years ago, AMD put quite the scare in Intel with its Opteron design, which caught Intel flat-footed as server power consumption became just as important and in some cases, more important as pure performance. But Intel recovered relatively quickly and has not looked back, virtually controlling the entire market for cloud server chips for the last several years, while AMD has floundered.

Microsoft Azure has been among the most experimental cloud providers when it comes to the processors that power its cloud, or at least the most willing to talk about it in public. Microsoft has said it is evaluating ARM-based processors for its cloud, which cant run the same software as the x86 chips made by Intel and AMD but have interesting power-consumption characteristics.

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Cloud Hosting Solutions – UK Cloud Hosting Provider Netcetera

The term 'cloud' is used to describe a number of very different products, but in our case, it refers to on-demand, scalable, virtualized servers accessible over the internet.

Cloud hosting is a service which allows websites to be hosted on virtual servers. Physical web servers are used to pull together to provide a service for those who need it. It is alternative to single server hosting and many more companies are now using it. It has many advantages over this though. It can be far more reliable as instead on relying on just a single server to host information this is spread over a large network and this means that if one server goes offline, it will have very little effect on the resource.

Cloud hosting also provides better security as each secure machine is on a different site, leaving it less vulnerable to attack. If extra resources are required, then these can be drawn from the range of servers available, whereas relying on one server will not allow this to happen. It is also possible to scale the amount of resources allocated depending on the demand of the particular customer.

You will get a lot more flexible and produce more innovative ways of working without so many concerns about how you will be able to find the resources to be able to carry it out. You will be able to do things faster as well. So there is huge advantage in using a cloud hosting service rather than a single source one. It is well worth looking into it as a solution for your company to see whether you can not only save money, but also find a better way of working as well.

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Stay out of the hot seat with turnkey private cloud – CIO

Bringing together thought leaders to address the importance of transformation in business today.

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Stay out of the hot seat with turnkey private cloud

In the pursuit of digital transformation, most organizations will use a mix of Infrastructure as a Service (IaaS) and cloud-native platforms (PaaS) deployed across both public and private cloud called multi-cloud strategy. (See the CIO.com blog: Overcoming the Digital Dilemma for more details.) A cloud operating model is supposed to reduce friction, i.e., make it easy to deliver the digital systems on which most organizations rely. The problem is that implementing and maintaining a private cloud can be challengingthis introduces friction in the form of delays, costs and risk. As we know from physics, friction results in heat, and in this scenario, IT pros whose projects incur undesirable delays, cost and risk find themselves in an uncomfortable placethe hot seat! Choosing a turnkey private cloud instead of pursuing a do-it-yourself (DIY) cloud implementation reduces the friction in your multi-cloud strategy keeping you out of the hot seat.

Most organizations will use both private and public cloud computing for appropriate workloads. Steady-state workloads can be hosted on your private cloud at a lower cost than public cloud hosting while the cost of public cloud can be lower for shorter-lived and spike workloads (see the white paper The Cost of Using the Public Cloud.) A private cloud allows strict control over data placement within the requirements of an organization and therefore public cloud is more likely to be considered for less sensitive workloads, i.e., those with low concerns regarding data sovereignty or the risks of multi-tenancy. The use of the proprietary development and management tools of public cloud platforms creates barriers to exit which can be a crucial concern for systems with strategic value. Choosing the right toolset with which to build your strategic applications provides flexibility to develop and deploy in your choice of the most common private and public clouds.

There are two types of frictionstatic friction and dynamic friction. Static friction exists when an object is at rest and acts to resist the initiation of motion. Dynamic friction comes into play once an object is in motion. These two types of friction can be used in our discussion of the challenges faced with a DIY private cloud. Static friction is created by the activities that must take place between the time when a decision is made to implement a private cloud and the time when its actually up and running in production. Activities involved in standing up your DIY private cloud, such as designing, purchasing, installing, integrating, testing, etc., all serve to resist your move to implement a private cloudthey are the static friction that is preventing you from getting to production! Dynamic friction is experienced once your cloud is up and running. Maintaining, patching, upgrading and scaling your DIY private cloud can consume significant resources and create undesirable risk as they slow down your velocity and generate heatmaking things uncomfortable for all involved.

Adopting a turnkey private cloud reduces friction and accelerate results. (For a discussion of turnkey private cloud see the IDC report: The Power of Hybrid Cloud.) A turnkey private cloud is one that is delivered to your organization ready-to-run. All the components are racked, stacked and cabled. All the software is installed, integrated and configured. In other words, when compared with a DIY approach pursued by many organizations to deploy a private cloud, a turnkey private cloud eliminates the static friction, accelerating results so that your private cloud will be up and running in days instead of months. (See the Principled Technologies report; IT service transformation with hybrid cloud: buy or build?.)

But what about dynamic friction? Once your private cloud is up and running, a different set of challenges must be faced. These are sometimes called day 2 challenges. A turnkey private cloud dramatically reduces the challenges associated with the ongoing operation of your private cloud. It is built in a well-known configuration whereas a DIY private cloud is almost always a one-off, bespoke configuration. Like snowflakes, no two DIY private clouds are the same. As a result, a turnkey private cloud can be patched and upgraded with known validated packages resulting in no drama operations. A turnkey private cloud is supported as one so that there is no multi-vendor finger pointing. With a turnkey private cloud, risk and costs are minimized in a way that dramatically reduces the dynamic friction caused by DIY private cloud operations.

When it comes to implementing a multi-cloud strategy, your approach to private cloud can have a dramatic effect on your organizations results. When compared with a DIY private cloud approach, implementing a turnkey private cloud will dramatically reduce the friction you experience. Less static friction with a turnkey private cloud means that your strategy will be implemented faster, accelerating time-to-value. Less dynamic friction with a turnkey private cloud means that ongoing cost and risk will be reduced, resulting in improved service levels and a better bottom line. Less friction means less heat. Keep yourself out of the hot seat and adopt a turnkey private cloud.

Dell EMC offers the following turnkey private clouds for both IaaS and cloud-native platforms: Dell EC Enterprise Hybrid Cloud, Dell EMC Native Hybrid Cloud and Dell EMC Cloud for Microsoft Azure Stack. For more information on the full suite of turnkey private cloud options available from Dell EMC, visit dellemc.com/cloud.

As a Senior Consultant for Cloud Solutions Marketing at Dell EMC, Bob Ganley is working to speed the time-to-value for customers through the creation of outcome-focused solution content. In prior roles he has experience as a software engineer, product manager and sales professional spanning several generations of enterprise architectures. He is now leveraging that experience to bridge the gap that often exists between traditional product offerings and the real-world results that customers must achieve with information technology. You can follow him on twitter at @ganleybob

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EasyMINE: Altcoin Mining for Everyone – Coin Idol (press release)

Jun 21, 2017 at 13:19 // News

Can mining cryptocurrencies be made as simple as operating a TV or a cell phone? A team of blockchain enthusiasts from Poland believe soand are determined to prove it with easyMINE, an advanced yet user-friendly altcoin mining platform.

Designed with both beginners and experienced miners in mind, easyMINE is a product of its creators strong belief that cryptocoin mining does not need toand in fact should notbe an arcane craft accessible only to the select few. The comprehensive, all-in-one package provides all the software components needed to build and operate a small- to medium-sized mine. Its real strength, however, lies in ensuring that every step of the processfrom initial setup, through routine management, optimization, and maintenance, to troubleshooting and emergency proceduresis not only streamlined, but also highly automated. The result is a mining platform robust and flexible enough to satisfy the needs of the adept, and accessible even to complete beginners.

The idea grew out of our own frustrations of running an altcoin mine, explains easyMINEs co-founder and CEO ukasz eligowski. He continued:

So much of it is just repetitive technical minutiae. The setup for every new rig. The trial and error for each new combination of hardware and firmware. The performance-tracking and record-keeping. After a while, we started asking ourselves, Isnt there a way to automate all this?

The team evaluated several available options, but found them lacking. Unfazed, they set out to develop their own solution. The product of their labors is a system built specifically to keep the mining equipment operating at peak efficiency and profitability while requiring noor minimumhuman oversight. EasyMINE will keep everything up and running, fix any problems it can, and alert you to the ones it cant, says co-founder and CFO Andrzej Belczak. Its like having full-time mine supervisor on your payroll.

The complete easyMINE suitethe Linux-based eMOS operating system, mining software, and a custom remote configuration and management dashboardwill be distributed as a downloadable package, ready for immediate use. In the autonomous mode, it will require no additional setup. The system will automatically configure the hardware and software, monitor the equipment, and optimize performance by dynamically adjusting the settings: from voltage and clock timings to currency and mine pool selection. In the manual mode, easyMINE will provide a wide range of configuration and management tools, including on-the-fly BIOS flashing, performance history and analysis, energy use metrics, and report generationto mention just a few.

Currently in the alpha stage, the eMOS operating system and the eM dashboard will enter beta testing in the fourth quarter of 2017. Full release is scheduled for 2018. To fund the project, the team will hold a 30-day crowdsale event. The initial coin offering is planned for this summer.

For more information, visit the project website at: https://easymine.io

Disclaimer. This article is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shallnotberesponsibleor liable,directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services mentioned in this article

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