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?