We use a utility token called "ByteChip" as the currency for purchasing services on our Computing Platform. ByteChips are not considered cryptocurrency and therefore cannot be exchanged with users or third parties.
We provide a detailed pricing table for each application that shows the cost in ByteChips for every particular service. For example, for standard dimension video encoded with the AVC codec, our video encoding application charges 1.42 ByteChips per minute. However, if the resolution is higher or the codec is more complex, the price per minute may increase. Please refer to the application-specific pricing tables to get more information.
Video Encoding Pricing
To cater to different preferences and usage patterns, we provide two types of ByteChip packages: Stock and Subscription. Both ByteChips can be used at your convenience across any application on our platform.
Larger ByteChip packages are discounted over smaller ones, making it even more cost-effective for our customers to scale up their workflows. Additionally, subscription packages provide further discounts compared to the equivalent Stock packages, rewarding ongoing usage.
Our grid computing system utilizes multiple devices running an FFmpeg Python implementation to perform video encoding. Upon uploading the video from the source, each device is assigned a 10-15 second chunk of the video to encode independently and simultaneously. This results in a significantly faster overall performance compared to standard cloud encoding, with all encoding parameters being equal.
ByteNite is just as safe to use as any other cloud computing service available. Our collaborative computing system is centralized and constructed with the latest secure technologies. Our platform relies on robust cloud security protocols, and all data transmitted to and from our system is encrypted. Unlike some decentralized computing solutions, ByteNite requires its workers to provide their personal information and adhere to our terms of usage before utilizing the platform. This requirement encourages the proper use of our software.
Our customers' data will be processed by our distributed network, which involves sharing it with multiple devices located in different regions. Our advanced algorithm ensures that each device receives only a small portion of your data and retains it only for the time necessary for processing. Rest assured that no personal information, such as your business name or contact details, will be shared with the worker devices. We adhere to a strict security policy to safeguard your data from any unauthorized access or misbehavior by the devices. We conduct regular audits on the worker devices to ensure that your data remains secure at all times. For more information on our data privacy policies, please refer to our Terms and Conditions.
ByteNite can also run all your work on a subnetwork composed solely of your devices/servers. To request this customization, please send us an email at email@example.com, specifying the project's scope and size.
Our computing service stands out with its exceptional speed and affordability compared to competitors. Our secret lies in our innovative chunk-based video encoding system, coupled with cutting-edge grid computing technology and task collaboration. These elements make our video encoding service even 10x faster than other popular SaaS for video encoding such as AWS MediaConvert, for the same price.
In addition, unlike our competitors, we do not rely on cloud servers or purpose-built server farms as our main source of computing power. As a result, we are able to save almost 37% of energy consumption for video encoding, making us a sustainable and environmentally conscious computing alternative.