• GregorGizeh@lemmy.zip
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    22 hours ago

    I suspected that, but why the hell is “proof of work” nothing of any use or value? That just seems so fundamentally absurd it doesn’t compute for me apparently

    • apotheotic (she/her)@beehaw.org
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      21 hours ago

      I always thought it would be ideal to do this to create a powerful distributed computing network that can both serve to process the transactions made with the coin and also to do something useful, like folding@home or seti@home or whatever. But apparently nope, GPU crossword puzzles that do nothing but use electricity to make heat (and, as a fraction of a fraction of the work, process a blockchain transaction) are the best they could think of.