WHY ARE WE wasting so much computing power?Cant we get coins for helping science

[gpucoolingmethod]

btc computin power is many times more powerful than world's fattest supercomputer.

Wouldnt it be great to use that power for something useful and get coins for it too?

[blacksails]

The big problem with that would be the funding.

[Phinnaeus Gage]

btc computin power is many times more powerful than world's fattest supercomputer.

Wouldnt it be great to use that power for something useful and get coins for it too?

You should have put this in the meta section so that theymos would pass this wonderful insight to the proper authorities. In fact, PM theymos and have him move this thread for you.


"I see what you did there!"

[Mike_cs]

You can use your computer power for many years ago with Boinc and Folding.. But it's for science and we do it for free.. The only thing you receive is being part of the "family". But when money is involved, you have investors and people are more attracted to it.

[Holliday]

It is used for something. It is securing the first decentralized cryptocurrency from attack.

Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.

[gpucoolingmethod]

please reply what is the fnding problem.



A kickstarter like website for science research allowing you to choose what science you want to progress.The difference is you mine/find soluyion to science problem and get paid or/and list your own projects you want like new gpu design and pay miners for their computing power contributing to solving wahtever you want


this is one of many ideas.PLEASE post a better one or improve this one

[Dalmar]

You can 'mine' XRP while computing cancer research.

http://www.worldcommunitygrid.org/

[gpucoolingmethod]

It is used for something. It is securing the first decentralized cryptocurrency from attack.

Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.

cant this also be useful for solving better problems?

[blacksails]

please reply what is the fnding problem.



A kickstarter like website for science research allowing you to choose what science you want to progress.The difference is you mine/find soluyion to science problem and get paid or/and list your own projects you want like new gpu design and pay miners for their computing power contributing to solving wahtever you want


this is one of many ideas.PLEASE post a better one or improve this one

Who would pay the ones working on the problem (with a reasonable amount of money)?

[gpucoolingmethod]

You can 'mine' XRP while computing cancer research.

what if i/you want everyone to start developiing something you want and be able to pay them for it so they do it quicker?
Imagine how many problems will be solved..?

also you mine hings like folding at home and you pay for the cures theyve found!!!

[greenlion]

btc computin power is many times more powerful than world's fattest supercomputer.

Wouldnt it be great to use that power for something useful and get coins for it too?

Bitcoin is useful. Just because mining looks useless at a node-level doesn't mean it isn't a useful pursuit at a macro level.

[blacksails]

You can 'mine' XRP while computing cancer research.

what if i/you want everyone to start developiing something you want and be able to pay them for it so they do it quicker?
Imagine how many problems will be solved..?

also you mine hings like folding at home and you pay for the cures theyve found!!!

That is called "working" and to get people to work you "employ" them and you therefore have to pay them good for doing such things.

[gpucoolingmethod]

please reply what is the fnding problem.



A kickstarter like website for science research allowing you to choose what science you want to progress.The difference is you mine/find soluyion to science problem and get paid or/and list your own projects you want like new gpu design and pay miners for their computing power contributing to solving wahtever you want


this is one of many ideas.PLEASE post a better one or improve this one

Who would pay the ones working on the problem (with a reasonable amount of money)?

whoever wants the problem solved.

example 1234 people want a new 3D PRINTER designed.They fund it like Kickstarter.com and whoever solves it get paid according to how much theyve solved.Obviously the 1234 people who want the design can mine too.

[Holliday]

It is used for something. It is securing the first decentralized cryptocurrency from attack.

Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.

cant this also be useful for solving better problems?

No, not with the current way proof of work is implemented in Bitcoin.

I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.

There have been many threads on this forum discussing this topic.

TL;DR: Work that has another purpose does not create any security for the block chain.

[gpucoolingmethod]

It is used for something. It is securing the first decentralized cryptocurrency from attack.

Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.

cant this also be useful for solving better problems?

No, not with the current way proof of work is implemented in Bitcoin.

I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.

There have been many threads on this forum discussing this topic.

TL;DR: Work that has another purpose does not create any security for the block chain.

will bitcoins have to be mined forever to make it work forever?

[blacksails]

It is used for something. It is securing the first decentralized cryptocurrency from attack.

Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.

cant this also be useful for solving better problems?

No, not with the current way proof of work is implemented in Bitcoin.

I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.

There have been many threads on this forum discussing this topic.

TL;DR: Work that has another purpose does not create any security for the block chain.

will bitcoins have to be mined forever to make it work forever?

Yep. Someone has to confirm the transactions.

[gpucoolingmethod]

example 1234 people want a new 3D PRINTER designed.They fund it like Kickstarter.com and whoever solves it get paid according to how much theyve solved.Obviously the 1234 people who want the design can mine too.



please improve my idea people 

[blacksails]

example 1234 people want a new 3D PRINTER designed.They fund it like Kickstarter.com and whoever solves it get paid according to how much theyve solved.Obviously the 1234 people who want the design can mine too.

I don't really understand how it would even be created? It's not really like you just can say to your computer "Design a new 3D printer"!

[bitpop]

It is used for something. It is securing the first decentralized cryptocurrency from attack.

Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.

cant this also be useful for solving better problems?

No, not with the current way proof of work is implemented in Bitcoin.

I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.

There have been many threads on this forum discussing this topic.

TL;DR: Work that has another purpose does not create any security for the block chain.

will bitcoins have to be mined forever to make it work forever?

Yep. Someone has to confirm the transactions.

But at that time one cpu can do all the work.

[gpucoolingmethod]

It is used for something. It is securing the first decentralized cryptocurrency from attack.

Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.

cant this also be useful for solving better problems?

No, not with the current way proof of work is implemented in Bitcoin.

I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.

There have been many threads on this forum discussing this topic.

TL;DR: Work that has another purpose does not create any security for the block chain.

will bitcoins have to be mined forever to make it work forever?

Yep. Someone has to confirm the transactions.

But at that time one cpu can do all the work.

SO WE WILL be able to use the power once used for btc mining for solving better problems?How long will btc be mined?