There will still be lots people mining since there will still be a transaction fee to pay the miners.
If Bitcoin is still being used by then, of course.
Topic: WHY ARE WE wasting so much computing power?Cant we get coins for helping science - page 2. (Read 2657 times)
February 01, 2014, 05:45:09 PM
If Bitcoin is still being used by then, of course.
February 01, 2014, 05:43:40 PM
It is used for something. It is securing the first decentralized cryptocurrency from attack.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
cant this also be useful for solving better problems?
No, not with the current way proof of work is implemented in Bitcoin.
I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.
There have been many threads on this forum discussing this topic.
TL;DR: Work that has another purpose does not create any security for the block chain.
will bitcoins have to be mined forever to make it work forever?
But at that time one cpu can do all the work.
SO WE WILL be able to use the power once used for btc mining for solving better problems?How long will btc be mined?
140 more years and if you mean the asics no. Theyll be useless
Bitcoin will be "mined" forever, regardless of the block reward. If Bitcoin "mining" ends, Bitcoin transactions are no longer processed.
Bitcoin will be mined as long as Bitcoin is used.
At that point one cpu can mine
If you want transactions that can be rendered invalid by someone with two CPUs, sure.
February 01, 2014, 05:41:50 PM
btc computin power is many times more powerful than world's fattest supercomputer.
Wouldnt it be great to use that power for something useful and get coins for it too?
rofl nicee Wouldnt it be great to use that power for something useful and get coins for it too?
February 01, 2014, 05:40:38 PM
It is used for something. It is securing the first decentralized cryptocurrency from attack.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
cant this also be useful for solving better problems?
No, not with the current way proof of work is implemented in Bitcoin.
I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.
There have been many threads on this forum discussing this topic.
TL;DR: Work that has another purpose does not create any security for the block chain.
will bitcoins have to be mined forever to make it work forever?
But at that time one cpu can do all the work.
SO WE WILL be able to use the power once used for btc mining for solving better problems?How long will btc be mined?
140 more years and if you mean the asics no. Theyll be useless
Bitcoin will be "mined" forever, regardless of the block reward. If Bitcoin "mining" ends, Bitcoin transactions are no longer processed.
Bitcoin will be mined as long as Bitcoin is used.
At that point one cpu can mine
If you want transactions that can be rendered invalid by someone with two CPUs, sure.
February 01, 2014, 05:39:21 PM
Curecoin is launching soon, the proof of work for that will be useful. Also bitcoin work is useful just because all the cryptos need a strong bitcoin, bitcoin work is just useful because it supports bitcoin which is useful and supports all the other amazing crypto innovations happening.
February 01, 2014, 05:38:53 PM
It is used for something. It is securing the first decentralized cryptocurrency from attack.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
cant this also be useful for solving better problems?
No, not with the current way proof of work is implemented in Bitcoin.
I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.
There have been many threads on this forum discussing this topic.
TL;DR: Work that has another purpose does not create any security for the block chain.
will bitcoins have to be mined forever to make it work forever?
But at that time one cpu can do all the work.
SO WE WILL be able to use the power once used for btc mining for solving better problems?How long will btc be mined?
140 more years and if you mean the asics no. Theyll be useless
Bitcoin will be "mined" forever, regardless of the block reward. If Bitcoin "mining" ends, Bitcoin transactions are no longer processed.
Bitcoin will be mined as long as Bitcoin is used.
At that point one cpu can mine
February 01, 2014, 05:37:33 PM
or tell me whats wrong with it?
Your idea has nothing to do with Bitcoin or Bitcoin "mining".
Perhaps you should move your thread to "offtopic".
February 01, 2014, 05:36:27 PM
It is used for something. It is securing the first decentralized cryptocurrency from attack.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
cant this also be useful for solving better problems?
No, not with the current way proof of work is implemented in Bitcoin.
I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.
There have been many threads on this forum discussing this topic.
TL;DR: Work that has another purpose does not create any security for the block chain.
will bitcoins have to be mined forever to make it work forever?
But at that time one cpu can do all the work.
SO WE WILL be able to use the power once used for btc mining for solving better problems?How long will btc be mined?
140 more years and if you mean the asics no. Theyll be useless
Bitcoin will be "mined" forever, regardless of the block reward. If Bitcoin "mining" ends, Bitcoin transactions are no longer processed.
Bitcoin will be mined as long as Bitcoin is used.
February 01, 2014, 05:36:05 PM
PLEASE SUGGEST IMPROVE idea.
or tell me whats wrong with it?
or tell me whats wrong with it?
February 01, 2014, 05:30:46 PM
example 1234 people want a new 3D PRINTER designed.They fund it like Kickstarter.com and whoever solves it get paid according to how much theyve solved.Obviously the 1234 people who want the design can mine too.
I don't really understand how it would even be created? It's not really like you just can say to your computer "Design a new 3D printer"!Bitcoin has started because it was supported by a large enough community of competent people.This idea can too.Im hoping that by writing about it more people will cooperate and form into a community
The 3D printer wasnt the best example.Obviously you need human to pc cooperation too cuz pc doesnt know what 3d printer is bu tyou need to break it apart so you can use the computing power and put the results together. I cant tell exactly right now what problems with new 3d printer design or anything else needs to e solved because you find out those things when you start the idea.
get it now
"what’s the most resilient parasite? an idea. a single idea from the human mind can build cities. an idea can transform the world and rewrite all the rules" - Inception
February 01, 2014, 05:24:30 PM
It is used for something. It is securing the first decentralized cryptocurrency from attack.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
cant this also be useful for solving better problems?
No, not with the current way proof of work is implemented in Bitcoin.
I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.
There have been many threads on this forum discussing this topic.
TL;DR: Work that has another purpose does not create any security for the block chain.
will bitcoins have to be mined forever to make it work forever?
But at that time one cpu can do all the work.
SO WE WILL be able to use the power once used for btc mining for solving better problems?How long will btc be mined?
~2140 or close to that
February 01, 2014, 05:23:20 PM
It is used for something. It is securing the first decentralized cryptocurrency from attack.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
cant this also be useful for solving better problems?
No, not with the current way proof of work is implemented in Bitcoin.
I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.
There have been many threads on this forum discussing this topic.
TL;DR: Work that has another purpose does not create any security for the block chain.
will bitcoins have to be mined forever to make it work forever?
But at that time one cpu can do all the work.
SO WE WILL be able to use the power once used for btc mining for solving better problems?How long will btc be mined?
140 more years and if you mean the asics no. Theyll be useless
February 01, 2014, 05:22:23 PM
It is used for something. It is securing the first decentralized cryptocurrency from attack.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
cant this also be useful for solving better problems?
No, not with the current way proof of work is implemented in Bitcoin.
I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.
There have been many threads on this forum discussing this topic.
TL;DR: Work that has another purpose does not create any security for the block chain.
will bitcoins have to be mined forever to make it work forever?
But at that time one cpu can do all the work.
SO WE WILL be able to use the power once used for btc mining for solving better problems?How long will btc be mined?
February 01, 2014, 05:20:43 PM
It is used for something. It is securing the first decentralized cryptocurrency from attack.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
cant this also be useful for solving better problems?
No, not with the current way proof of work is implemented in Bitcoin.
I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.
There have been many threads on this forum discussing this topic.
TL;DR: Work that has another purpose does not create any security for the block chain.
will bitcoins have to be mined forever to make it work forever?
But at that time one cpu can do all the work.
February 01, 2014, 05:20:36 PM
example 1234 people want a new 3D PRINTER designed.They fund it like Kickstarter.com and whoever solves it get paid according to how much theyve solved.Obviously the 1234 people who want the design can mine too.
I don't really understand how it would even be created? It's not really like you just can say to your computer "Design a new 3D printer"! February 01, 2014, 05:18:19 PM
example 1234 people want a new 3D PRINTER designed.They fund it like Kickstarter.com and whoever solves it get paid according to how much theyve solved.Obviously the 1234 people who want the design can mine too.
please improve my idea people
please improve my idea people
February 01, 2014, 05:18:02 PM
It is used for something. It is securing the first decentralized cryptocurrency from attack.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
cant this also be useful for solving better problems?
No, not with the current way proof of work is implemented in Bitcoin.
I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.
There have been many threads on this forum discussing this topic.
TL;DR: Work that has another purpose does not create any security for the block chain.
will bitcoins have to be mined forever to make it work forever?
February 01, 2014, 05:16:25 PM
It is used for something. It is securing the first decentralized cryptocurrency from attack.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
cant this also be useful for solving better problems?
No, not with the current way proof of work is implemented in Bitcoin.
I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.
There have been many threads on this forum discussing this topic.
TL;DR: Work that has another purpose does not create any security for the block chain.
will bitcoins have to be mined forever to make it work forever?
February 01, 2014, 05:14:58 PM
It is used for something. It is securing the first decentralized cryptocurrency from attack.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
Monetary freedom is one of the most important things that can exist. So much good can come from people who are free.
cant this also be useful for solving better problems?
No, not with the current way proof of work is implemented in Bitcoin.
I suggest you read about the proof of work, how it is implemented in Bitcoin, and get a greater understanding before continuing down this path.
There have been many threads on this forum discussing this topic.
TL;DR: Work that has another purpose does not create any security for the block chain.
February 01, 2014, 05:13:02 PM
please reply what is the fnding problem.
A kickstarter like website for science research allowing you to choose what science you want to progress.The difference is you mine/find soluyion to science problem and get paid or/and list your own projects you want like new gpu design and pay miners for their computing power contributing to solving wahtever you want
this is one of many ideas.PLEASE post a better one or improve this one
Who would pay the ones working on the problem (with a reasonable amount of money)? A kickstarter like website for science research allowing you to choose what science you want to progress.The difference is you mine/find soluyion to science problem and get paid or/and list your own projects you want like new gpu design and pay miners for their computing power contributing to solving wahtever you want
this is one of many ideas.PLEASE post a better one or improve this one
whoever wants the problem solved.
example 1234 people want a new 3D PRINTER designed.They fund it like Kickstarter.com and whoever solves it get paid according to how much theyve solved.Obviously the 1234 people who want the design can mine too.
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