From: Wei Dai <weidai@eskimo.com>
Date: Fri, 27 Oct 1995 11:40:07 +0800
To: Cypherpunks <cypherpunks@toad.com>
Subject: idle CPU markets
Message-ID: <Pine.SUN.3.91.951026184046.23045A-100000@eskimo.com>
MIME-Version: 1.0
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With many high speed personal computers on the Internet and the 
deployment of low transaction cost Internet payment schemes, it seems 
inevitable that markets for idle CPU cycles and memory will develop.  An 
interesting problem is to try to predict who this market will benefit, 
and what the market will be used for.

So far it seems that cryptanalytic problems (e.g. factoring and brute 
forcing of keys) have the highest marginal value/MIPS among problems 
amenable to loosely coupled distributed computation.  However, I think it 
would be wasteful if the demand in idle CPU and memory markets were to be 
dominated by cryptanalysts since (non-academic) cryptanalysis is basicly 
a zero-sum game.  When a key is broken, no wealth is created, rather it 
is transfered from the owner of the key to the cryptanalyst.  

What other problems would benefit from easy access to lots of distributed 
CPU cycles?

Wei Dai