A revolutionary new way of distributed processing power for rendering of special effects and animation. (Think avatar etc)
RayCoin will completely revolutionize the way visual effects companies render their work, they often spend millions on in house render farms or they rent extremely expensive farms.
Small production companies and home artists could also benefit and rent CPU time from Raycoin.
Raycoins value would be derived from not just speculation and a name, but a real world use. People pay to use the service, at a price that is far less than online render farms.
The coins complexity rises just like every other coin, and thus its value and rarity. Share holders (coin owners) receive extra coins or direct payments of BTC, PTS etc when a customer uses the service.
This would be an extremely complex coin to produce, as it would need to work and act as a render farm, supporting all the major software render clients. To overcome this, Raycoin could start out supporting open source render software like Blender etc.
It would need to be totally decentralized and rely on a client to upload render files. No client would ever see the image or work of the artist as it would be broken down into very small fragments, protecting and keeping clients work totally confidential.
From a paying client point of view, they would simply select how many nodes they wish to utilize based on a cost, nodes would be grouped automatically into CPU and ram specifications via WMI scan or a small benchmark tool in the wallet/miner.
To introduce the product to clients, they could be offered a certain amount of free render time on nodes for a test, this could fill in time for the service when no one is using the farm.
So what happens when no one is using the farm, but miners are mining, well Raycoin could offer educational institutions free or low cost access to the service, to keep miners happy and keep the blocks ticking over.
I would like this coin to be the first to offer and exchange built right into the mining/wallet client. Complex to create, but would help with adoption and truly be decentralized from the start. No website based exchange that can be attacked etc.
Also something that would really be attractive to users would be a wallet that syncs with the chain, but also keeps all your trans details and wallet backed up online too. No more formatting your wallet. The chain is your cloud store for wallet etc.
Specifics about the coins complexity and counts would need to be reviewed by someone with knowledge about how the coin would render and encrypt along with growth projections and payment transactions times etc.
You could do very tricky things like allow miner who are mining 24/7 to receive a higher status and thus earn more etc, don’t know this coin is already insanely complex.