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A Bitcoin version of the SETIhome program for donating to charities?

5 pointsby dpcheng2003over 11 years ago
It&#x27;d be a great way to publicize bitcoin to the masses beyond this techno-elite&#x2F;libertarian spin in the mainstream media.<p>http:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;SETI@home

2 comments

GigabyteCoinover 11 years ago
It could be coded. Anything can be coded. But it wouldn&#x27;t really be worth it for either party imho, even if you used idle GPU time.<p>Let&#x27;s do some math...<p>Let&#x27;s say that the average GPU can mine at 1GH&#x2F;s and that everybody using your screensaver had that (non-existant, overly generous) GPU.<p>You would need ~6,000 participants participating 12 hours per day to equal the power of a single KNC Neptune ASIC miner.<p>It would cost those 6,000 participants about $10&#x2F;month just to take part. Or about $60,000 per month total wasted on electricity, for a project that would net about $15,000 in mined BTC: <a href="http://mining.thegenesisblock.com/a/cad4e45c7b" rel="nofollow">http:&#x2F;&#x2F;mining.thegenesisblock.com&#x2F;a&#x2F;cad4e45c7b</a><p>And that&#x27;s if you were able to get up and running by february.<p>In march, that $60,000 wasted on electricity would only net your charity $7,640. And in April, $3,900.<p>Had those 6,000 participants simply donated $10 to your cause, you could purchase 6 KNC Neptune miners to mine Bitcoin for you and your cause.
Patrick_Devineover 11 years ago
I&#x27;m not sure I&#x27;m following what you&#x27;re proposing. What&#x27;s the model you&#x27;re envisioning?
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