Friday, March 13, 2015

Thats probably a few petahashes worth of computing power

All in an attempt to solve a cryptographic riddle before the next guy. Kind of a stupid waste of power. The Folding Coin project is an interesting experiment that rewards you for using your CPU to fold proteins on behalf of Stanford in an attempt to aid in cancer and alzheimers research, in the form of FoldingCoins. They do have some value but its far less than a penny right now. You get somewhere between 80 and 200 for each protein your computer successfully folds.

Its impossible for the common man to mine bitcoin, but you can still mine FoldingCoins and know that your computer power is being used for something more useful for society.. They pretty much just have value as a collectible ("digital pogs" is how I refer to most "coins" out there) right now, but perhaps they will be redeemable for things in the future. That should be one of the main points of all of this, right? 


Huge Larry said...

I've been thinking recently about similar sorts of applications whereby we might be able to make better use of all the idle computing resources that are connected to the Internet all the time. Most services/applications use the client/server model, where the servers are dedicated machines in data centers. The client machines, although not always-on, and not as reliable as servers, are much more numerous, so I was thinking it would be neat to find some general purpose way to start using the clients as servers, so that all the bandwidth and CPU resources of all the client computers in the world could start behaving like servers in some respects. It would probably be tricky to do it right, and it might only work in some scenarios, but I think it's a neat idea. Similar to how the people allowing their CPUs to be used for protein folding are getting paid a stipend, so too could folks get paid for allowing their home computing devices and bandwidth to be partially used to serve up arbitrary services for other folks. The idea is pretty similar to something like BitTorrent and other peer-to-peer file sharing apps, but it would be more general purpose. Anyway, just rambling.

cyrusfx said...

Yep, the foundation for everything you mentioned is currently underway if not already in existence.

Storj is the idea that you connect your computer to a network that acts as mass encrypted storage, in a cloud-like fashion but its limited to people who have installed the Storj software.

OpenBazaar is trying to be an open-source, decentralized Ebay, but its so prone to exploitation and hacking attempts that you can only beta test it through Linux right now.