A secure, fast and easy way to pay for online content
May 13, 2015 by CGP Staff
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Researchers from the University of Luxembourg have found a secure, anonymous way for readers, viewers and gamers to pay for online content without them having to make a cash payment. The method would involve donating a small percentage of CPU power for a limited amount of time to virtual currencies such as Bitcoin. This donation would generate virtual currency payments to the content providers, which could then be converted into standard currencies to remunerate authors, artists and other content generators. More on the University of Luxembourg’s site.
Doing that on a CPU is worth nothing, you use more enegery then what you generate in virtual currency, same goes for doing this with GPU, the difficulty in the network is so high now (and just get’s higher), the bitcoin network is dominated by ASIC miner companies.
I think it’s very strange that this article is being put out, they seem to have no knowledge on how it works in the real world.
Even in 2011 it started to become unprofitable to mine on cpu\gpu, it’s simply a waste of energy and time.
https://bitcoin.stackexchange.com/questions/59/is-cpu-mining-even-worth-it
Also – doing what they say is nothing new at all, several ‘mining’ scripts for java has been used at various websites years ago.
I agree with the above comment (by s.a. Steffensen).
THey say such as bitcoin. But I doubt any other currency would need the type of power a normal computer can give. And they talk like if converting bitcoin to cash was easy, fast and secure. I spent days trying to do so and was never able to so cause I didn’t want to give all my personnal data to some shady third party.