<p>YES.
1)They help maintain the reputation of bitcoin by showing how it "works" and demonstrating that you can make money AND THEREFORE
2)They help encourage the developement of more powerful mining rigs and the business sector that makes them AND
3)They encourage more mining activity AND
4)They increase the difficulty.</p>

<p>GO TO 2).</p>

<p>Oh, just forgot one..</p>

<p>5)They help keep the planet nice and warm with all the electricity converted to heat by the mining rigs (I do hate being cold !).</p>

<p>6)AND ALSO (<a href="https://bitcoin.stackexchange.com/questions/17132/is-bitcoin-mining-itself-compromising-the-security-of-sha256">see my previously posted question</a>): The may(or may not) be effectively working for the NSA (or someone) by helping to crack and/or obtain hash results of SHA256 which may (or may not) be useful (for someone to do something) such as constructing a larger look up table for SHA256 (e.g. crack longer length passwords.).</p>

<p>I suppose if you own a nice big mining rig (or otherwise have "control" of someone else's) it might be more cost effective to use it to hack into something rather than mine coins so I think one answer to the question would be "Yes, but not bitcoin mining if you choose to use the rig for something else more profitable and are dishonest/criminally minded".</p>

CC BY-SA 3.0
2013-11-23T19:36:44.757Z
SHA3 is interesting. A completely different algorithm (sponge function), variable output length (very useful) but as I understand it still being tweaked with respect to various parameters. I have no doubt it will be the one for the future but whether SHA3 has weaknesses is another matter and time will tell. In general we do need to move away from the simple probability calculations (e.g. 10^15 years). Enigma coding machines have lovely big numbers and seem to get better the more cylinders/wheels added but if you pick at some stage an even no. instead of odd...disaster=crackable.
user3023094
CC BY-SA 3.0
2013-11-23T09:46:24.040Z
2013-11-23T18:56:30.787Z
2017-04-13T12:47:36.647Z
user3023094
<p>How much of what this article says is true?  I thought I had read that bitcoin miners are the ones who maintain the blockchain.  Do they also do something other than maintaining the blockchain?  In particular, things that no one would otherwise want done?</p>

<p><a href="http://gizmodo.com/the-worlds-most-powerful-computer-network-is-being-was-504503726" rel="nofollow">http://gizmodo.com/the-worlds-most-powerful-computer-network-is-being-was-504503726</a></p>

CC BY-SA 3.0
2013-11-23T02:18:10.513Z
Related: http://bitcoin.stackexchange.com/questions/331/is-there-a-way-to-set-up-proof-of-work-systems-so-it-would-be-even-more-useful
Murch
CC BY-SA 3.0
2013-11-23T02:22:27.363Z
I'd really be curious, as to how much the computer infrastructure and personnel expenditures of banks would amount to, for the same amount of money transfered and number of transactions processed.
Murch
CC BY-SA 3.0
2013-11-23T03:06:46.310Z
You may be interested in the answers here:
http://bitcoin.stackexchange.com/questions/5617/why-are-bitcoin-calculation-useless/5618#5618
jwsample
<blockchain><mining-theory><energy-consumption>
Uses of computing power by bitcoin miners
Michael Hardy
# Uses of computing power by bitcoin miners

(Asked by: username_0 on 2013-11-23)

How much of what this article says is true? I thought I had read that bitcoin miners are the ones who maintain the blockchain. Do they also do something other than maintaining the blockchain? In particular, things that no one would otherwise want done?

<http://gizmodo.com/the-worlds-most-powerful-computer-network-is-being-was-504503726>

**Tags:** blockchain, mining-theory, energy-consumption

> **Comments:**
> **username_1**: Related: http://bitcoin.stackexchange.com/questions/331/is-there-a-way-to-set-up-proof-of-work-systems-so-it-would-be-even-more-useful  
> **username_1**: I'd really be curious, as to how much the computer infrastructure and personnel expenditures of banks would amount to, for the same amount of money transfered and number of transactions processed.  
> **username_2**: You may be interested in the answers here: http://bitcoin.stackexchange.com/questions/5617/why-are-bitcoin-calculation-useless/5618#5618  

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## 1 answers

### Answer by username_3 on 2013-11-23. Score: 1

YES.
1)They help maintain the reputation of bitcoin by showing how it "works" and demonstrating that you can make money AND THEREFORE
2)They help encourage the developement of more powerful mining rigs and the business sector that makes them AND
3)They encourage more mining activity AND
4)They increase the difficulty.

GO TO 2).

Oh, just forgot one..

5)They help keep the planet nice and warm with all the electricity converted to heat by the mining rigs (I do hate being cold !).

6)AND ALSO ([see my previously posted question](https://bitcoin.stackexchange.com/questions/17132/is-bitcoin-mining-itself-compromising-the-security-of-sha256)): The may(or may not) be effectively working for the NSA (or someone) by helping to crack and/or obtain hash results of SHA256 which may (or may not) be useful (for someone to do something) such as constructing a larger look up table for SHA256 (e.g. crack longer length passwords.).

I suppose if you own a nice big mining rig (or otherwise have "control" of someone else's) it might be more cost effective to use it to hack into something rather than mine coins so I think one answer to the question would be "Yes, but not bitcoin mining if you choose to use the rig for something else more profitable and are dishonest/criminally minded".

> **Comments:**
> **username_3**: SHA3 is interesting. A completely different algorithm (sponge function), variable output length (very useful) but as I understand it still being tweaked with respect to various parameters. I have no doubt it will be the one for the future but whether SHA3 has weaknesses is another matter and time will tell. In general we do need to move away from the simple probability calculations (e.g. 10^15 years). Enigma coding machines have lovely big numbers and seem to get better the more cylinders/wheels added but if you pick at some stage an even no. instead of odd...disaster=crackable.  

---

