Should you mine for profit or proteins?
As ASIC miners begin pushing GPU users off the Bitcoin network, could they use their rigs to battle Alzheimer's disease and cancer? One academic hopes to pick up some spare computing power from cryptocurrency miners and put it to good use. Stanford University professor Vijay Pande would like coin miners' help with his scientific project, Folding@home, which uses donated computing power to help find cures for devastating diseases. He also helps run the Stanford Bitcoin Group, which conducts research into Bitcoin theory and applications. "There are multiple people emailing me describing the....
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The "mining" industry is bursting with innovation, right now. It started as a way to incentivize people to support the Bitcoin network without allowing any one entity to take control, but has grown with new blockchain technologies. Cryptocurrencies are now being used to incentivize contribution to all kinds of initiatives, like solar energy adoption and the race to cure diseases like cancer. Instead of mining bitcoins by solving a cryptographic math problem, you can mine solarcoins or curecoins by generating photoelectricity or folding proteins, respectively, rather than by wasting....
A player for a professional American football team has filed a lawsuit against his former business manager, alleging that he squandered money on bad investments including a $3m bitcoin mine. Court documents filed in an Arkansas federal court and published by the Arkansas Times allege that Michael Vick spent as much as $15m belonging to Darren McFadden, a running back for the Dallas Cowboys, on a series of fraudulent investments. McFadden has accused Vick of lying to him about the success of those investments, while at the same time using those funds to pay for a luxurious lifestyle and....
A new digital currency has been announced, which uses prime numbers as its proof of work. Primecoin is still in beta, but its goal is to provide a proof of concept that a digital currency can produce something useful besides its subjective market value. One of the criticisms always put against bitcoin is that the cryptographic computation that provides proof of work has no intrinsic value. This is true - the bitcoin market places a subjective value on the currency, just as any other commodity. However, at least physical coins can be melted down and used to make something else. Long before....
INTERNET CITY, DUBAI, Jun. 24, 2022 – LBank Exchange, a global digital asset trading platform, has listed SpaceMine (MINE) on June 24, 2022. For all users of LBank Exchange, the MINE/USDT trading pair is now officially available for trading. With a variety of features including NFT and Play-to-Earn, SpaceMine (MINE) creates a solar system planets […]
A detailed exploration of a bitcoin mine in Dalian, a major city in the north-east of mainland China, has been published by VICE's technology title Motherboard. The facility is called the No. 1 Bitcoin Mine. It contains 3,000 miners and costs $80,000 a month for 1,250 kW of electricity to keep them running, according to the film. It's located in the Changcheng area, in the waterfront Lushunkou district. The mine appears to be cooled by huge industrial fans mounted on the walls of the building. According to Motherboard, a "persistent, deafening buzz" emanates from the fans in the hot summer....