it looks like a distributed search for sets of values having their sha256 starting with N zeroes, N+1, N+2 ... with target values having property something lik

it looks like a distributed search for sets of values having their sha256 starting with N zeroes, N+1, N+2 ... with target values having property something like this Kth value = (K-1)th || <value to find at step K> One can only wonder where the seed money came from (and whether the current price of 50BTC x $0.25 = $12.5 per newly found value is self-sustainable in the system or still seed-funded) and whether the NSA have a listening node in the system (as all the transactions are broadcast to all nodes).