Bitcoin Forum
September 12, 2025, 09:59:13 PM *
News: Latest Bitcoin Core release: 29.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Bitcoin > Bitcoin Discussion > Mine for something meaningful?
Poll
Question: Would you rather have your processing power used to do something useful?
Yes - 6 (42.9%)
No - 8 (57.1%)
Total Voters: 14

Pages: [1]
« previous topic next topic »
  Print  
Author Topic: Mine for something meaningful?  (Read 1528 times)
bitcanada (OP)
Newbie
*
Offline Offline

Activity: 18
Merit: 0


View Profile
May 19, 2011, 11:55:26 PM
 #1
Hi All,

I'm wondering, right most of the bitcoin processing power is used to resolve blocks, which are not used for anything except as "proof of work"?

What if instead bitcoin was implemented to do something useful, like help folding@home? Wouldn't that be better? Please vote!
goatpig
Legendary
*
Offline Offline

Activity: 4004
Merit: 1388

Armory Developer


View Profile
May 19, 2011, 11:58:34 PM
 #2
no
https://btcarmory.com
jimbobway
Legendary
*
Offline Offline

Activity: 1304
Merit: 1015



View Profile
May 20, 2011, 12:00:26 AM
 #3
ideally that would be good but bitcoin is not implemented that way for a number of good reasons.
FreeMoney
Legendary
*
Offline Offline

Activity: 1246
Merit: 1016


Strength in numbers


View Profile WWW
May 20, 2011, 12:00:34 AM
 #4
If that can be done then you should show us how. It's like saying "Hey, all that work you're doing to make medicine should make food at the same time". Yes, that would be great. Please tell us how to do it.
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
Garrett Burgwardt
Sr. Member
****
Offline Offline

Activity: 406
Merit: 256


View Profile
May 20, 2011, 12:01:20 AM
 #5
Quote from: bitcanada on May 19, 2011, 11:55:26 PM
Hi All,

I'm wondering, right most of the bitcoin processing power is used to resolve blocks, which are not used for anything except as "proof of work"?

What if instead bitcoin was implemented to do something useful, like help folding@home? Wouldn't that be better? Please vote!

We're already hashing something important, security work for the bitcoin block chain and economy.

Also, it's so far been impossible to find a way to make other 'more useful' data work as proof of work.
anisoptera
Member
**
Offline Offline

Activity: 308
Merit: 10



View Profile
May 20, 2011, 12:16:25 AM
 #6
Quote from: goatpig on May 19, 2011, 11:58:34 PM
no
theboos
Member
**
Offline Offline

Activity: 87
Merit: 10


View Profile
May 20, 2011, 12:45:03 AM
 #7
theymos
Administrator
Legendary
*
Offline Offline

Activity: 5684
Merit: 14559


View Profile
May 20, 2011, 01:58:21 AM
 #8
I voted "yes" because Bitcoin mining is useful.
1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
rezin777
Full Member
***
Offline Offline

Activity: 154
Merit: 100


View Profile
May 20, 2011, 02:07:23 AM
 #9
Quote from: theymos on May 20, 2011, 01:58:21 AM
I voted "yes" because Bitcoin mining is useful.

Rebel!
DATA COMMANDER
Full Member
***
Offline Offline

Activity: 126
Merit: 100


View Profile
May 20, 2011, 07:33:40 AM
 #10
OP, why do you beat your wife?
Tips are appreciated (very tiny tips are perfectly okay!) 13gDRynPfLH3NNAz3nVyU3k3mYVcfeiQuF
Pages: [1]
  Print  
Bitcoin Forum > Bitcoin > Bitcoin Discussion > Mine for something meaningful?
 « previous topic next topic »
 
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!