Post
Topic
Board Bitcoin Discussion
Re: All this mining is ultimately meaningless
by
techstorm2
on 12/12/2013, 10:41:48 UTC
They aren't useless the secure the network.

If you decide to open a bank so you pay a contractor a lot of money to build a secure vault, and then you install lots of cameras, pay for an alarm system, and hire security guards .... and then the bank never gets robbed (maybe because the security is too tight) was it a waste of resources? 

+1

Also there is tonnes of processing power thrown at the other science problems as well, cant we do both?