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Objective:
Research to understand the costs associated with processing and scoring 500,000 addresses for Lens Protocol. Find out more at #1584.
Background:
Lens Protocol has a requirement to score 500,000 addresses. Before executing this task, we need to understand the associated costs to ensure efficient resource allocation and to quantify the costs for Lens.
Tasks:
1. Computational Costs Analysis:
Determine the average time taken to process a single address.
Multiply this by 500,000 to get an estimate of the total computational time.
Translate this time into cost based on our server or cloud provider's pricing.
2. Storage Costs Analysis:
Estimate the storage space required for the results of one address.
Multiply this by 500,000 to get total storage requirements.
Calculate the cost based on our storage solution's pricing.
3. API Call Costs Analysis:
Determine the cost per API call if external services are used.
Multiply by 500,000 for total API call costs.
4. Network Costs Analysis:
Estimate the data transfer costs if data is being pulled from or pushed to external services.
5. Operational Costs Analysis:
Estimate the man-hours required to set up, monitor, and maintain the script execution.
Translate these hours into cost based on hourly rates.
Deliverables:
A detailed report outlining the findings for each of the cost analysis points.
Recommendations on how to optimize and reduce costs.
Notes:
This SPIKE is crucial for budgeting and resource allocation. The findings will guide our approach to the actual processing of the addresses and ensure we provide Lens Protocol with a clear cost breakdown.
The text was updated successfully, but these errors were encountered:
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Lens SPIKE Script Costs
Cost Analysis of Scoring 500k Addresses
Aug 15, 2023
Objective:
Research to understand the costs associated with processing and scoring 500,000 addresses for Lens Protocol. Find out more at #1584.
Background:
Lens Protocol has a requirement to score 500,000 addresses. Before executing this task, we need to understand the associated costs to ensure efficient resource allocation and to quantify the costs for Lens.
Tasks:
1. Computational Costs Analysis:
Determine the average time taken to process a single address.
Multiply this by 500,000 to get an estimate of the total computational time.
Translate this time into cost based on our server or cloud provider's pricing.
2. Storage Costs Analysis:
Estimate the storage space required for the results of one address.
Multiply this by 500,000 to get total storage requirements.
Calculate the cost based on our storage solution's pricing.
3. API Call Costs Analysis:
Determine the cost per API call if external services are used.
Multiply by 500,000 for total API call costs.
4. Network Costs Analysis:
Estimate the data transfer costs if data is being pulled from or pushed to external services.
5. Operational Costs Analysis:
Estimate the man-hours required to set up, monitor, and maintain the script execution.
Translate these hours into cost based on hourly rates.
Deliverables:
Notes:
This SPIKE is crucial for budgeting and resource allocation. The findings will guide our approach to the actual processing of the addresses and ensure we provide Lens Protocol with a clear cost breakdown.
The text was updated successfully, but these errors were encountered: