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One of the big problems I have with this (and with mining, in general) is that it's attempting to create value by simply wasting electricity. Come on, we should
by ntietz 9y ago
One of the big problems I have with this (and with mining, in general) is that it's attempting to create value by simply wasting electricity. Come on, we should not be spending CPU cycles just for the sake of spending CPU cycles...
- bsilvereagle 9y agoYou may find GridCoin interesting. GridCoin rewards miners for running scientific computations for a variety of projects. CureCoin & Golem are two other coins that try to use the cpu cyles for something other than heat.
- aquilaFiera 9y agoUsing this logic, dollars are creating value by wasting paper and metal. What you're ignoring is the value of having a publicly auditable ledger of transactions and a decentralized currency. That _isn't_ a waste of electricity. There are plenty of reasons to be skeptical of cryptocurrency; this just isn't a good one.