I suggest the creation of a cryptocurrency linked to processing power. Coins would be "mined" by solving real world computer-power-intensive problems. The problems would be defined by the buyer, of processing power, who would define the problem and pay amount X of this novel crypto to get access to peoples computer power.
"Cure coin" works in a way like this but the "mining" is limited to folding proteins. I would like a more general "Cure coin" in which is turning complete(?) and which has a associated software in which any computer intensive problem can be defined.
Good idea or bad idea? Has someone done this already? What are your suggestions?
I like the idea. It's better than wasting energy for hashes.
You should create a way to avoid a cheating, when someone sends incorrect data to the network. You should check a result of work. I see this as a major problem.
A possible way is to periodically check the resultat of work by sending the same task to the other nodes. If the calculations do not match, you need to lower the rating of checked node (or ban it), the same - to increase. For new nodes (without rating) you can send the same job.
Maybe somewhere such a system has already been implemented. I have not heard about it.
