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Nothing. This is all specialized silicon which is totally worthless for anything except mining Bitcoin. It's all going in the dumpster when the price crashes.
by asudghionbio 9y ago
Nothing. This is all specialized silicon which is totally worthless for anything except mining Bitcoin. It's all going in the dumpster when the price crashes.
It has no social value and never will.
- Andaith 9y agoWhat about something like folding@home?
- asudghionbio 9y agoNo floating point whatsoever. That's the "application-specific" part of "application-specific integrated circuit."
- deleted 9y ago[deleted]
- undersuit 9y agoI think you're being too harsh. Right now silicon use is of course wrapped up in a loop of value derived from the coins being mined having value, but that completely disregards the actual value of the blockchains. An excellent quote I found is: "how to recycle what will soon or later be a HUGE obsolete distributed supercomputer dedicated to SHA-256."
- asudghionbio 9y ago>that completely disregards the actual value of the blockchains It doesn't. I just think the value of blockchains is near zero. I have yet to hear of any problem that isn't better solved with a normal database.
- imtringued 9y agoThere is one problem that the blockchain solves. It can make a large hostile network with extremely high computation resources act like a single computer with the performance of a 10 year old desktop.