Mining Bitcoins with pencil and paper (video)
Posted on
by Thomas De Maesschalck
Ever wondered what it would be like to mine Bitcoin by hand? The guy in the video clip below gave it a try and discovered it took almost 17 minutes to finish one round of the algorithm. This works out to a hash rate of 0.67 hashes per day.
Current Bitcoin mining hardware is about a quintillion times faster than manual hasing and about 67 quadrillion times more energy efficient (assuming you feed yourself with $0.23 a pop donuts).
Current Bitcoin mining hardware is about a quintillion times faster than manual hasing and about 67 quadrillion times more energy efficient (assuming you feed yourself with $0.23 a pop donuts).
Bitcoins are mined using a cryptographic algorithm called SHA-256. This algorithm is simple enough to be done with pencil and paper, as I show in this video. Not surprisingly, this is a thoroughly impractical way to mine. One round of the algorithm takes 16 minutes, 45 seconds which works out to a hash rate of 0.67 hashes per day.
Comments (0)
No comments yet.