Someone correct me if I'm wrong, but this isn't actually "mining" in the Bitcoin sense. IIRC, the coins are issued based on a centralized determination (by the

Someone correct me if I'm wrong, but this isn't actually "mining" in the Bitcoin sense. IIRC, the coins are issued based on a centralized determination (by the involved scientific organizations?) of whether the work you are doing is useful. Every time I see this on HN, there are a lot of people who are excited because they think that this is somehow "a useful proof of work", or an alternative to proof of work. It doesn't actually have anything to do with proof of work. Maybe the idea of paying people for scientific computing with newly-created crypto coins is a worthy innovation, but I suspect that much of the interest around this based around people who are confused about what proof of work is.