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Great68 · 03-06-2013, 10:08 AM

I understand the idea of bitcoin mining, getting paid to find the hash solution to a data block with distributed computing.

What I don't understand is what the significance of the data block and solution is once it's found or what it's used for?

Like I always thought this was something like SETI@home, or Folding@home. In those cases you're running the math on a bunch of science data, and the end result is that a discovery or whatever might be made.

03-06-2013, 10:08 AM	#29
Great68 Willing to sell body for a few minutes on RS Join Date: Mar 2002 Location: Victoria Posts: 10,935 Thanked 5,579 Times in 2,054 Posts Failed 188 Times in 103 Posts	I understand the idea of bitcoin mining, getting paid to find the hash solution to a data block with distributed computing. What I don't understand is what the significance of the data block and solution is once it's found or what it's used for? Like I always thought this was something like SETI@home, or Folding@home. In those cases you're running the math on a bunch of science data, and the end result is that a discovery or whatever might be made. __________________ 1968 Mustang Coupe 2008.5 Mazdaspeed 3 1997 GMC Sonoma ZR2 2014 F150 5.0L XTR 4x4 A vehicle for all occasions