Bitcoin Forum
November 06, 2024, 03:54:54 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Is it possible to use ASIC's computational power for something useful?  (Read 426 times)
precrime3 (OP)
Member
**
Offline Offline

Activity: 84
Merit: 10

PM for journalist,typing,and data entry services.


View Profile WWW
April 08, 2014, 01:21:56 AM
 #1

Like I know this has been reiterated with BOINCcoin but I mean like you mine bitcoin, and its not spent trying to decrypt a sha256 hash sum, but rather fold proteins and what not. I mean an easy work around would be to fork primecoin to sha256 (if possible), and then bitcoin would be supporting the primecoin blockchain AND finding prime numbers.

john641
Full Member
***
Offline Offline

Activity: 235
Merit: 100



View Profile
April 08, 2014, 01:25:25 AM
 #2

I like to know this as well if those massive hash power can be use on something. Does asics can be use to decrypt hashed passwords?

AmDD
Legendary
*
Offline Offline

Activity: 1027
Merit: 1005



View Profile
April 08, 2014, 01:27:33 AM
 #3

Like I know this has been reiterated with BOINCcoin but I mean like you mine bitcoin, and its not spent trying to decrypt a sha256 hash sum, but rather fold proteins and what not. I mean an easy work around would be to fork primecoin to sha256 (if possible), and then bitcoin would be supporting the primecoin blockchain AND finding prime numbers.

Not possible. That would be like trying to find the sum of 23 and 17 as well as finding pi.

SHA256 ASICs can do one thing and one thing only, hash SHA256.

ASIC stands for Application Specific Integrated Circuit.

BTC tip jar: 18EKpbrcXxbpzAZv3T58ccGcVis7W7JR9w
LTC tip jar: Lgp8ERykAgx6Q8NdMqpi5vnVoUMD2hYn2a
precrime3 (OP)
Member
**
Offline Offline

Activity: 84
Merit: 10

PM for journalist,typing,and data entry services.


View Profile WWW
April 08, 2014, 01:52:08 AM
 #4

Like I know this has been reiterated with BOINCcoin but I mean like you mine bitcoin, and its not spent trying to decrypt a sha256 hash sum, but rather fold proteins and what not. I mean an easy work around would be to fork primecoin to sha256 (if possible), and then bitcoin would be supporting the primecoin blockchain AND finding prime numbers.

Not possible. That would be like trying to find the sum of 23 and 17 as well as finding pi.

SHA256 ASICs can do one thing and one thing only, hash SHA256.

ASIC stands for Application Specific Integrated Circuit.

SHA256 is just encryption/decryption right? There must be people that need that kind of power, possible to rent 1 th/s of power not for mining, but like science purposes?

AmDD
Legendary
*
Offline Offline

Activity: 1027
Merit: 1005



View Profile
April 08, 2014, 02:37:29 PM
 #5

Like I know this has been reiterated with BOINCcoin but I mean like you mine bitcoin, and its not spent trying to decrypt a sha256 hash sum, but rather fold proteins and what not. I mean an easy work around would be to fork primecoin to sha256 (if possible), and then bitcoin would be supporting the primecoin blockchain AND finding prime numbers.

Not possible. That would be like trying to find the sum of 23 and 17 as well as finding pi.

SHA256 ASICs can do one thing and one thing only, hash SHA256.

ASIC stands for Application Specific Integrated Circuit.

SHA256 is just encryption/decryption right? There must be people that need that kind of power, possible to rent 1 th/s of power not for mining, but like science purposes?

Could be possible I guess, but in doing that it would take away from Bitcoin mining. I dont think you could do both together.

BTC tip jar: 18EKpbrcXxbpzAZv3T58ccGcVis7W7JR9w
LTC tip jar: Lgp8ERykAgx6Q8NdMqpi5vnVoUMD2hYn2a
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!