Author

Topic: Idea for an alt coin (codes + coins) (Read 403 times)

hero member
Activity: 868
Merit: 1000
December 28, 2013, 02:19:35 PM
#1
What if, when you mine a block, as well as receiving coins you also receive a code that can be used to unlock something/gain access to something. 

Maybe the codes could be sold and traded like the coins.

Maybe the codes could be used to create a decentralised hash power for rent network, allowing people who don't have mining rigs (such as myself) to easily rent hashing power from the network, providing the miners with another way to earn from their rigs.  Each rig mining this alt coin could generate a fresh code every 24 hours.  Old codes expire automatically.  If you sell or give your code to someome else it would allow them to 'take over' your mining rig for 24 hours, allowing them to point it at a coin of their choosing.  OR maybe the miner should be able to choose how long their code is valid for, then it could be sold down the line to multiple people. 

Or maybe many other things could be done with these codes?

Maybe this is a bad idea I don't know.

Anyone have any relevant thoughts? 
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