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Author Topic: Confused About Coinlab Plan  (Read 2543 times)
simonk83
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March 23, 2013, 08:34:57 AM
 #21



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The Bitcoin network is the largest distributed computation cluster in the world. We help it's members provide their computation ability to the highest bidder.

CoinLab's technology can access that computation for other tasks.

What the fuck is this - it doesn't make much sense to me.



Um, yeah, what IS that?
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March 23, 2013, 03:56:22 PM
 #22

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The Bitcoin network is the largest distributed computation cluster in the world. We help it's members provide their computation ability to the highest bidder.

CoinLab's technology can access that computation for other tasks.

What the fuck is this - it doesn't make much sense to me.

I'm guessing they're proposing to let folks use their mining hardware for other number-crunching instead. Might make sense for miners whose rigs are getting too long in the tooth to turn a profit, assuming they can pay enough.

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March 23, 2013, 05:15:36 PM
 #23

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The Bitcoin network is the largest distributed computation cluster in the world. We help it's members provide their computation ability to the highest bidder.

CoinLab's technology can access that computation for other tasks.

What the fuck is this - it doesn't make much sense to me.

I'm guessing they're proposing to let folks use their mining hardware for other number-crunching instead. Might make sense for miners whose rigs are getting too long in the tooth to turn a profit, assuming they can pay enough.

https://bitcointalk.org/index.php?topic=156778.0
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