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Combine folding and crypto

John Ellmaker
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Stop me if this thread has been done before but has anyone made a coin that incentivized research distributed computing?

 

If not don’t say that it can’t be done, I’m sure with even 10 minutes of groupmind someone will come up with a clever solution.

 

The basic idea here is we talk about crypto taking so much energy for little or no utility but why couldn’t that be harnessed for folding and the ilk?

 

Following the bitcoin model, every 10 minutes instead of finding a hash just give a raffle ticket for every unit of folding measure and draw at the end.  The more you contribute the more likely you are to win marginally.

 

What pitfalls am I missing, is this the next step for crypto?

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Curecoin, EVGA folding program, yeah it's sorta been done

▓ƆԀ▓ S▓₱▓Ɇ▓c▓s▓: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a 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Thanks, suppose I could have done a simple web search, looks like it’s been around a while and even has a catchy name.  Maybe the implementation isn’t quite what I am thinking but I’m surprised it’s not doing well

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