Can't we use all the mining/processing power to calculate useful stuff?

1

When computers are mining now, they're actually trying to break nonsense codes. Can't all that processing power be used to do better things with like gridrepublic etc.?

user9102

Posted 2013-11-21T20:44:00.873

Reputation: 11

Question was closed 2013-11-23T10:00:04.077

Note that these days, much mining is done by dedicated hardware such as ASICs, which are designed for a single computational task only and are not useful for other work. – Nate Eldredge – 2013-11-22T01:22:13.623

Answers

0

Yeah it could be it's just not the type of proof of work algorithm that was used. Some crypto-coins have since been implemented that are somewhat useful, such as Primecoin.

Loourr

Posted 2013-11-21T20:44:00.873

Reputation: 3 022

Asked: 2013-11-21T20:44:00.873

Viewed: 299 times

Active: 2016-04-01T09:04:41.720