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RE: How Golem(GNT) could be used to mine ethereum and how powerful it could be?

in #golem8 years ago (edited)

I don't really see the point in using the golem network to mine more cryptocurrencies. I wouldn't think it would be significantly more efficient than anything that already exists. And what you are suggesting is basically just cloud mining. So I would think people would want to use the world's most powerful supercomputer on something that they can only do with a supercomputer. What that might be, I'm not entirely sure.

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This is just new way of how cloud mining could work with no need of setting up mining supercomputers and spending a lot of money on repairing and servicing it just using computers of other users i think it could rly work if golem gets popular. Maybe it would be even cheaper to reach for example 100MH/s and you don't need any contract you just mine whenever you want it is a good alternative