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:

1. A detailed report outlining the findings for each of the cost analysis points.
2. 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.