YSK: There is a list of volunteer computing projects where you can donate CPU/GPU time to help researchers globally with their scientific problems.
YSK: There is a list of volunteer computing projects where you can donate CPU/GPU time to help researchers globally with their scientific problems.
You're viewing a single thread.
I prefer bitcoin. You're doing a lot of great work helping society get rid of those awful financial institutions by verifying transactions.
It uses much less energy too
Bitcoin uses less energy? Now that's something I haven't heard of before.
The jerk is taking about Bitcoin vs Banks/Finance, not vs BOINC
Yep. Theres a lot of misinformation due to bank lobbys propaganda. Bitcoin was designed to be more efficient.
It doesn't need humans to deal with transaction reversals (this was a key part of the design per the white paper), so you cut out all the energy that goes into creating buildings for offices and maintaining them. Also it scales up without using additional energy, so if you actually look at the numbers it uses magnitudes less energy.
This is just silly. If you had said Etherium, then maybe. But Bitcoin?? C'mon...
Cant disagree with facts
You clearly can.
"proof-of-work" process today requires 705 kWh of electricity, ".
And I'm done.
And that's magnitudes less than all traditional financial institutions
And how many magnitudes less transactions does Bitcoin do than all traditional financial institutions?
Yep, now you're seeing my point. As bitcoin scales up, it uses no additional energy. That's the kicker.
But as traditional finance scales up, the energy required increases with no limits. Thats why bitcoin uses magnitudes less energy than these dumb and wasteful banking systems.