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When computers are mining now, they're actually trying to break nonsense codes. Can't all that processing power be used to do better things with like gridrepublic etc.?

marked as duplicate by Nate Eldredge, Murch, Dr.Haribo, Stéphane Gimenez, cdecker Nov 23 '13 at 10:00

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  • Note that these days, much mining is done by dedicated hardware such as ASICs, which are designed for a single computational task only and are not useful for other work. – Nate Eldredge Nov 22 '13 at 1:22

Yeah it could be it's just not the type of proof of work algorithm that was used. Some crypto-coins have since been implemented that are somewhat useful, such as Primecoin.

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