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Something that I have not really grasped is the idea of bitcoins. Especially since everybody can mine for it using a powerful GPU. I wonder why is GPU used for this purpose? Is the work done by GPU used by some huge organization or is it just wasted resource that goes into simulated mining?
I mean for example SETI uses your GPU for the purpose of finding aliens, but what I can see of bitmining it seems for no actual purpose than wasted resource.
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This is like asking why Google is coding in a particular language. If you want to ask it, try the http://bitcoin.stackexchange.com
– random – 2012-04-16T16:27:51.767