We present introductory considerations and analysis toward computing applications based on the recently introduced deterministic logic scheme with random spike (pulse) trains [Phys. Lett. A373 (2009) 23382342]. Also, in considering the questions, "why random?" and "why pulses?", we show that the random pulse based scheme provides the advantages of realizing multivalued deterministic logic. Pulse trains are realized by an element called orthogonator. We discuss two different types of orthogonators, parallel (intersection-based) and serial (demultiplexer-based) orthogonators. The last one can be slower but it makes sequential logic design straightforward. We propose generating a multidimensional logic hyperspace [Phys. Lett. A373 (2009) 19281934] by using the zero-crossing events of uncorrelated Gaussian electrical noises available in the chips. The spike trains in the hyperspace are non-overlapping, and are referred to as neuro-bits. To demonstrate this idea, we generate three-dimensional hyperspace bases using the zero-crossing events of two uncorrelated Gaussian noise sources. In such a scenario, the detection of different hyperspace basis elements may have vastly differing delays. We show that it is possible to provide an identical speed for the detection of all the hyperspace bases elements using correlated noise sources, and demonstrate this for the two neuro-bits situation. The key impact of this paper is to demonstrate that a logic design approach using such neuro-bits can yield a fast, low power and environmental variation tolerant means of designing computer circuitry. It also enables the realization of multivalued logic, and also significantly increasing the complexity of computer circuits by allowing several neuro-bits to be transmitted on a single wire.