This is not a complete waste of time, howevver, there are better ways to use this time(wash dishes, fold clothes, look at moonlight), all of which may be less boring.
The initial story is interesting, especially for those who watched Children of Men, which is absolutely fantastic. That movie had some action, some thriller, story drama, compelling ending, great acting and you cared about the characters. This one has interesting concept, decent acting and.......nothing else. It appears the director is the writer who had an idea but needed someone else flesh out the story. It is extremely boring, you never really care what happens to anyone, and a tacked-on afterthought as an ending.
It did do one thing...made me go rewatch Children of Men.