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Basel Bitcoin Meetup: Distributed computing on the Block Chain

Bitcoin's Proof of Work is consuming vast amounts of computing power and electricity, approximately 200 MW. To use the energy of half a nuclear plant for a single task is wasteful.
Wouldn't it be useful to use an algorithm that can prove any type of computational process and at the same time confirm transactions? Sebastian will introduce Gridcoin, a system proving BOINC distributed computing work on the Block Chain.
Discussion will focus on security, application towards different computing tasks and dreaming about its future.

Sebastian is part of the Gridcoin team since Gridcoin's announcement in October 2013. Initially a crypto-currency miner, he started taking up a more active role. He has no IT background and is self taught out of pure interest.

The meetup will be at Dept of Mathematics and Computer Science, Bernoullistrasse 16, 2nd floor seminar room 205.
If the door to the building (mensa) is locked, call[masked] 82.

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  • Fabian S.

    Thanks again for the interesting talk Sebastian, and sorry I had to leave early.

    1 · November 27, 2014

  • Rosamund K.

    Sorry, I will not be able to join in tonight! Pity - haven't been there for a while now.

    November 26, 2014

  • Dirk D.

    Hey everybody, I won't make it tonight, really sorry to miss this talk but too much work waiting for me *grrr*.

    November 26, 2014

  • Fabian S.

    Hope you guys don't mind if I leave a little early... Can't miss the game tonight! ; )

    November 26, 2014

    • Meher R.

      Sure no problem! Look forward to seeing you there.

      November 26, 2014

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