I have moved this post out of the newbies forum to here
I have an interest in HPC (high performance computing) from a commercial perspective. It grates with me that we are all burning power in pointless computation (I'm also an environmentalist!!). I was therefore wondering if anyone had considered or investigated the possibility of developing a cryprocurrency whose mining produced something useful?
In an ideal scenario it would be applicable to a range of tasks and manageable so that one could commercialise it (ie. sell the compute resources being used in mining). Failing that though there are plenty of general problems which increase in difficulty over time - calculating Pi to ever-increasing precision for instance!
I think that such a cryptocurrency could potentially gain wider support than BTC since mining it would not be morally dubious.
Kate.
PS. If you read my other post on my mining activities and are now wondering how I square my environmentalist beliefs with mining, we carbon offset all our power so it is basically "green".
Topic: Useful work cryptocurrency? (Read 468 times)
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