I hear this all the time, what a waste POW is. Its not a waste when compared to physical security requirements. For the price of one rent-a-cops salary I could run 30 miners.
No, it is a waste. Bitcoin mining is the single biggest waste of electricity in the world.
@nutildah, Agreed !
i always think what if that BTC hashing power was doing *useful work for us !
We desperately need computers to work for us all over the world in all areas to advance our human civilization.
and the mixing in an incentive to do it
WILL catapult humanity's intelligence level by leaps sand bounds !
We're not going to get rid of the "i wanna be rich" bullshit so this XPM coin is one of the first to incentivize the concept i think.
i don't think people out there grasp how big the concept is.. we could positively transform humanity forever.
Change from idiots throwing spearheads on a stick to floating in outer space..
or solving a lot of diseases or solving critical math problems like how to make a warp drive or something to go the nearest star.
the barrier in everything in all of humanity is getting us to work together for free !
this is why we could be wiped out any time by a big comet.. we all know it, but no one is going to lift a finger !
so the best we have is govt sponsored projects like NASA/JPL or University sponsored projects etc that reply on
limited incomes.
Imagine everyone on the globe switching to a new digital currency that rewards guys for coughing up hash power for science projects !
We seen what happened when it was done simply for no purpose "security" & transactions etc aka: bitcoin hashing
That is wasted hashing !
most of it could be used to find a cure for a disease or something ..the possibilities are staggering if you think about it !
pouring the entire worlds computer resources hashing power onto one mathematical project could yield some "holy fuck" accomplishments
We could maybe use that power to make faster PC's and then use all those to science hash to make faster PC's and so on..
Or how about using a glass of water to power New York city for a year with electricity ?
We're working on this right now and it's called Nuclear Fusion (same thing our star is doing) (opposite of Nuclear fision; AKA the Atom Bomb which does not happen in nature)
One is clean and produces no side effect contaminating us and the other pollutes our planet with radioactive material.
We need computers to make this work and become more and more efficient !
And then we have the Helium-3 reactor problem looming on us and a global race of teams of scientists who need research PC's to setup reactors !
This could likely be the future of power and we need to make reactors to convert Helium 3 (found on the Moon) for power and so far the USA team
has proven the concept works but they are a loooooong way off getting it so it's energy profitable.. it's also suspect others like China may be way further ahead too.
right now you need too much power to run the reactor and get back like 0.1% power the USA team said on TV.
and the same problem is plaguing us with Nuclear Fusion.. the magnetic rings needed to hold the plasma in a circle "off the walls" is costly power wise
and we could sure use a better system.. the plant they are working on right now costs billions coughed up by numerous countries.
like a lot of stuff revolves around complex calculations that need to flesh out mathematical outcomes on infinite branches like tree of possible outcomes.
and this is a massive barrier in every aspect of about every damn problem you can think of !
think of it as trying to guess a password.. you would have to go through every possible combo.
THAT is the concept that holds all of humanity back !
When we can cough up crazy sick ass amounts of computational power we could prob simulate the whole human brain, imagine what that could do !
which we think we can't even do 1% right now with PC's.. our brains are way too complex for computers these days.
so what ?
how about Immortality ?
Like we're talking about some pretty intense and brutally incredible implications !
and i really believe the only way it's going to happen is by a digital-currency mod like how XPM worked sort of..
Tying in the concept of incentivizing computer hash power is the solution !
No longer would people say who cares if a comet is creaming towards us .. i want a Lambo and a gold chain and hookers and crack LOL
I also think we are so close to hitting this tipping point it's scary !
We could have a new coin come out and take over so fast it's disturbing..
Extreme advancements in a super short period of time could have us in hover cars in 10 or 20 years instead 60 or something !
It could get crazy over night !
We need to get on it.. we have work to do !
Like a lot of things holding us back are assembly line manufacturing issues such as with Lithium Ion batteries
and how they have new tech that makes them work way more efficient but the barrier is the assembly process costs too much
so the concept sits in a test lab as proof of concept rather than implemented across the globe.
And last i heard I think it was Samsung who had a break recently on that exact problem and over night we could see fancy new batteries in phones / cars etc..
What i envision is a new coin / digital currency that uses it's hashing power to do scientific work but for a modular design
as in not just calculating Primes like XPM but for individual projects.. like we could have grids for regions of the Earth
and we could have a built in voting system for projects in the wallet so we could vote for the SETI project to find Aliens for the North America Compute Grid
and then it woudl be allotted a specified amount of time to do science work then a new project could be voted on etc..
all the while motivating everyone to get involved because of coin rewards used across the globe as the new digital currency of planet earth !
This doable and i think it will happen and we're a step away.. could be unleashed right this minute !
In less than 100 years you will have USB drives for YOU !
You will plug in a cord and click back up and later upload your entire brains life experiences into a new body i think.
People are already working on this such as well known Russian Billionaire.. this shit is no joke !
Problem is the tech is going to the rich and privileged and with what i said the masses can benefit
Roll pennies and cash in pop bottles or let's transcend this rock and populate a dozen other planets ?
Money is a temporary thing until we get over ourselves and our childish petty greed.
Why fight over the limited resources on Earth when we could expand our resources by going to other planets ?
Let's think big guys
As Captain Piccard would say, "Make it so, numbah One".
