JGWeissman comments on Singularity Institute now accepts donations via Bitcoin - Less Wrong
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Hashcodes do not have unique inverses. The goal is not just to find any bitstring with a haschcode in the target interval (in which case the solutions would be trivially reusable), but to find such a bitstring that contains information, including a hashcode of the previous block (so you can't get a head start before that block is computed) and transactions to be recorded (so your block is actually useful to the community).