There is nothing there but hashing numbers over and over to provably expend some electricity. It isn't wasted, which is constantly repeated but actually false.

There is nothing there but hashing numbers over and over to provably expend some electricity. It isn't wasted, which is constantly repeated but actually false. It is in fact the core security mechanism - we cannot reverse the 2nd law of thermodynamics. Probably doesn't do much for singularity. It's the perfect cover for high/hyperinflation though.