Undoubtedly a n00b question, so apologies: Does bitcoin mining generate any "real-world-applicable" solutions?
I've read several FAQs and can't seem to find a definitive answer to this. As I understand it, in highly simplified form I can set up a computer to process a specific mathematical challenge and, upon completion, I'm rewarded with a certain amount of bitcoin. My question is, with all of that potential computing power on tap, does bitcoin mining have any real-world applications? For example, rather than "just doing math for the sake of math" could the bitcoin mining process also apply to solving protein folding problems, or processing SETI radio signals, or any of the sort of community processing that's been done in the past? It just seems like a waste of resources to have a bunch of computers doing math just for doing math to collect bitcoin, rather than having them do math to help figure out a cure for AIDS or something and collect bitcoin.
12-17 05:22 - 'Tether's expansion in market cap is about 47% of bitcoin's mining generation YTD.' (youtube.com) by /u/CryptoCurrencyDog removed from /r/Bitcoin within 56-66min
With oil futures prices plunging to negative rates, there are some suggestions that Bitcoin mining rigs can now be powered by diesel generators. The global demand for the black gold has fallen because of coronavirus-triggered lock down.
With oil futures prices plunging to negative rates, there are some suggestions that Bitcoin mining rigs can now be powered by diesel generators. The global demand for the black gold has fallen because of coronavirus-triggered lock down.
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Bitcoin mining hardware giant Bitmain said Monday that it signed a $17.7 million deal with Riot Blockchain, a publicly-traded company that mines bitcoin, to purchase "8,000 next generation Bitmain Antminer S19 Pros." (x-post from /r/cryptocurrency)
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