Funny, I was looking into this a few years ago when micro-payment ideas were being floated.
Bitcoin lends itself perfectly to this, especially being completely detached from any one region. Micro-payments are very easy to facilitate with BTCs and it should be highly feasible on an economic basis. There might not be much of a payout, perhaps enough to cover electricity costs, but the concept is definitely sound.
If I had the time...
Topic: Idea for a bitcoin related project. paid BOINC pools (Read 1898 times)
Someone was talking about this "being on the way" though whether it was a rumor or not I don't know
(can't find the thread)
but yes, if it is economically feasible for researchers (ie; they could actually offer prices that competed with mining value), I wouldn't see why this wouldn't work.
(can't find the thread)
but yes, if it is economically feasible for researchers (ie; they could actually offer prices that competed with mining value), I wouldn't see why this wouldn't work.
If BOINC can be modified to meter out bitcoins relative to node contributions, then scientific mining pools could develop that are paid for via bitcoins. The market value of a block of computational power would be established by this, for (almost) any rational, profit seeking node will switch from scientific projects into pool mining if the scientific projects can't offer at least as much. This would also allow there to be another "killer app" for bitcoin, thus supporting it's value further, while also (perhaps) permitting all those other GPU archs to be able to compete for bitcoins. I'm not a programmer, so I don't know how feasible this idea is.
Thoughts?
Thoughts?
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