Please tell me we can combine mining and folding?
I and many others are sick and tired of wasting resources crypto coin mining. You folks who fold use the same resources and your only reward is knowing that you took part in a worthy cause. I wish I could mine yet use those resources for the same worthy cause as you folks who fold.
Please tell me there is a way to combine the two? Why can't we Fold and Mine at the same time and use that energy for the greater good while receiving financial incentive to do so? Incentive that could be used to buy and expand ones mining/folding rig.
What I want to see is a gather of brains in both the mining and folding communities to see if its possible to develop a process that combines the two.
Would it be very hard to develop a piece of folding software that sends out a payment to wallet once a WU is complete? or payout based on PPD? Surely there has to be some way to combine all of this.
I am not a dev by any means. I like to mine and I like to fold. If I had the ability to make the two work hand in hand I would do it myself.
This is something that MUST be done.
The whole point of folding is that it is non-profit and completely based on volunteering your CPU cycles. It's a 'donation' of sorts. This allows the data collected to be open source and available to any and all researchers around the world. If that data were 'sold' from the folders to the parent company (in this case Stanford) the parent company would want to see a return on their investment, which would therefore mean that any data collected would then be sold to any potential disease researchers, potentially slowing down any potential cures, treatments, etc.
Folding benefits humankind as a species. I don't see any benefit towards charging for Work Units, other than to make it less accessible globally to small scale researchers. As a species, we are working towards eradicating diseases. This is the point of FAH, not to make money!
No one is charging anyone for anything. You would be rewarded with a coin, that is pretty much worthless unless the community gives it value. The same as with crypto mining. BTC is worthless except folks are willing to give it a value.
There is a huge need and want for this in the crypto mining community. Folks don't like wasting electricity mining magic blocks when they could be using the same resources to fold and actually produce something good for humanity.
No one wants to charge standford for folding for them thats for sure.
Those coins would be worthless to joe blow but for folders and miners we are able to give them a value and spend that value in our community. Take namecoin for example. You can merge mine that while mining BTC. Namecoins can be traded directly for a domain name. No cash is traded just the coin you earned mining/folding. Trading it for a cash value may come at a time just like it has with BTC and LTC but thats not the point.
To point of all this is to stop miners from wasting energy for no reason except personal gain. Its in no way to diminishes what folders do. Miners have the same hardware as folders and some with rigs that would make any folder drool. We need to use this power for good not personal gain but its going to be hard to change that when folks are earning $1000s a month mining/trading cryptos.
Does mining not actually accomplish anything? I'm not sure I understand how money can be made out of nothing...something has to be processed in order to make money from it, right?
It's simply not possible to fully combine the two.
With BTC, the processing power of the entire cluster is used to essentially secure the monetary platform. That's why the BTC system is so difficult to "hack" or "scam." You'd need a supercomputer as powerful as the entire computing cluster in order to do so. (and at this point in time only a few distributed computing projects have that kind of power) The only other way to cheat the system is to steal virtual wallets, but technically that's not cheating the system but the individual users.
EVGA gives EVGA bucks to their folders that keep up a predetermined point production and I believe NCIX used to do point giveaways for their folding team. Aside from corporate entities doing freebies there's really no way to give virtual currency through folding. (for currency to be used and accepted there needs to be some sort of security to ensure its value)
You are only mining the transactions that are taking place in a heavily encrypted form. There is no data being mined outside the transactions. The work is nothing more than the transactions and a few hidden or magic blocks to sum it up. Keeps itself in check. Its constantly reconfirming all the transactions that took place prior to the current block.
Thats my understanding of it anyway.
Folks literally are making money out of nothing. Its backed by a few services that accept it but the value does indeed come from the community and its investors. Its worth $2billion already though.
I understand a "new" coin would be necessary for all this but thats fine. New coins pop up everyday. The latest one than I find most interesting basically works like Prime95. Primecoin or XMP as its known. Its searching for prime numbers while you mine. This is the first coin that I am aware of that is actually doing something different.
That EVGA bucks thing is very interesting. Its a good system to base this off. You wouldn't have to change anything on the folding end of things but the reward system could send out rewards to wallet based on the work you do.
How does one get involved with that program? Do you just use EVGA as your folding team?
Theres no reason another team can't make up a coin. They just need to bang there heads together with a mining dev and see what they can come up with.
The world needs this to work somehow.
certainly yes. and upstairs are right
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