3 ms·
Nope, bitcoin mining is based on finding large integers that hash to small integers (under the current threshold). It's got nothing to do with primes. Although
by svantana 9y ago
Nope, bitcoin mining is based on finding large integers that hash to small integers (under the current threshold). It's got nothing to do with primes. Although there is a cryptocurrency based on this very concept, currently with a market cap of $12M: http://primecoin.io/ http://primecoin.io/
- rusk 9y agoSo, is there any intrinsic value (at all) to these "coins"?
- rrobukef 9y agoI don't think there is any different value to that of Bitcoin. However I think they provide a service (money transmitting) better than existing competitors. I also think that altcoins don't compete with Bitcoin because Bitcoin is unable to saturate the market.