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Title: Mining Bitcoin with a Paper and Pencil.... Post by: bbit on September 28, 2014, 04:40:49 PM Mining Bitcoin with pencil and paper: 0.67 hashes per day ? who would have thunk?
http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html (http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html) Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: LiteCoinGuy on September 28, 2014, 05:01:40 PM http://globalpeaceandconflict.files.wordpress.com/2012/02/nike-factory-vietnam.jpg
they are already doing it. crazy bastards! Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: EFS on September 28, 2014, 05:08:33 PM That's very interesting. Thanks for the post.
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: marife01 on September 28, 2014, 05:40:24 PM Interesting to see and know. ;) ;D
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: fryarminer on September 28, 2014, 07:08:18 PM http://globalpeaceandconflict.files.wordpress.com/2012/02/nike-factory-vietnam.jpg they are already doing it. crazy bastards! Is that the farm In northern china with the cheap electricity that I saw the ad for? :p Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: Stedsm on September 28, 2014, 07:36:47 PM So I could try this and actually solve a 25btc block? Wow.
Interesting Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: Bitcoin Magazine on September 28, 2014, 07:42:37 PM https://lh5.googleusercontent.com/-jeuFhMKvGi4/UxLTJv9wfgI/AAAAAAAAWok/zdlJy0GVrlA/w500/mine-pencil-1.png
congrats you just solved a 25 btc block. at a rate of 10000000000000000:0 Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: zimmah on September 28, 2014, 08:35:10 PM Mining Bitcoin with pencil and paper: 0.67 hashes per day ? who would have thunk? http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html (http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html) Massive waste of time, ink and paper. Not worth it unless you can somehow improve to several Terahashes per second. Not gonna happen. Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: applesRyummy on September 28, 2014, 08:39:02 PM https://lh5.googleusercontent.com/-jeuFhMKvGi4/UxLTJv9wfgI/AAAAAAAAWok/zdlJy0GVrlA/w500/mine-pencil-1.png Even if you found a block, it would likely take more then 10 minutes to copy the found block onto a computer that can broadcast the block to the network so the block would end up either being orphaned or being invalid depending on when someone would consider it to be "found" (when it was actually solved verses when it was broadcast).congrats you just solved a 25 btc block. at a rate of 10000000000000000:0 Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: dopecoindude on September 28, 2014, 08:54:01 PM That's very interesting. Thanks for the post. I say give it a try! :) Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: master-P on September 28, 2014, 08:55:08 PM Time to mine some coin! *grabs pencil and paper*
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: dopecoindude on September 28, 2014, 08:56:35 PM Time to mine some coin! *grabs pencil and paper* Trying right now haha ... Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: picolo on September 28, 2014, 09:33:46 PM Mining Bitcoin with pencil and paper: 0.67 hashes per day ? who would have thunk? http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html (http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html) Wow that is interesting to understand the calculation process 0.67hash a day is not too effective ;D Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: ticoti on September 28, 2014, 09:59:09 PM this is just curious,but obviously useless
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: Bitcoin Magazine on September 28, 2014, 10:17:46 PM obviously he has enough to buy a mansion. just move on
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: okae on September 28, 2014, 11:05:20 PM shhh be ready for the next step about chinese farm :P
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: cryptworld on September 29, 2014, 12:53:04 AM haha really curious maybe a math prodigy can get something quickly
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: Lethn on September 29, 2014, 12:56:09 AM ..... This guy has way too much time on his hands.
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: mufa23 on September 29, 2014, 01:05:10 AM inb4 government's starting banning bitcoin hardware, then start banning paper and pencils.
C'mon, you know China or some communist government will do this in the future ::) Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: Come-In-Behind on September 29, 2014, 01:17:38 AM Scott Flansburg mining Bitcoin with pencil and paper, could probably be as effective as a GPU would be in mining Bitcoin.
I'm serious, he can solve equations faster than someone could with a calculator. Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: R2D221 on September 29, 2014, 01:21:38 AM If, hypothetically, there were no computers and Bitcoin had to be mined manually, how could the 10 minutes be enforced when even a single hash takes more than a day? The difficulty can't go negative, can it?
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: thriftshopping on September 29, 2014, 01:32:20 AM Mining Bitcoin with pencil and paper: 0.67 hashes per day ? who would have thunk? If it takes more then 10 minutes to calculate one hash then, on average the hash would be worthless even if it was the hash of a valid block as there would likely be another block already found and confirmed by the time you determine the value of your hash. http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html (http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html) Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: snarlpill on September 29, 2014, 01:50:16 AM Very interesting, and complicated. I wonder if somebody like Rainman, an idiot savant (Google it), would have greater luck with something like this. It also makes me appreciate the technical efficiency of how fast our mining equipment today solves these mathematical puzzles. One can only wonder how powerful mining equipment will be in say, 2030.
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: sifter on September 29, 2014, 05:11:00 AM So how is it recorded to the blockchain
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: cbeast on September 29, 2014, 05:28:29 AM So how is it recorded to the blockchain In a brainwallet. ;DTitle: Re: Mining Bitcoin with a Paper and Pencil.... Post by: johnyj on September 29, 2014, 07:19:56 AM This guy can do ASIC chip design 8)
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: tjefuq on September 29, 2014, 07:41:53 AM let's grab some snacks, this is interesting 8)
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: sifter on September 29, 2014, 10:04:25 AM I wanna join in, seems quite cool.
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: LiteCoinGuy on September 29, 2014, 03:50:16 PM and here is how it works:
https://www.youtube.com/watch?v=y3dqhixzGVo :D Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: newIndia on September 29, 2014, 08:07:05 PM Mining Bitcoin with pencil and paper: 0.67 hashes per day ? who would have thunk? http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html (http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html) The article states... Quote I perform the first round of hashing to mine a block. Completing this round took me 16 minutes, 45 seconds. ^^^This is wrong. Author did not mine a block in 16 minutes, 45 seconds. He just calculated a Hash. Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: sifter on September 29, 2014, 08:14:39 PM Mining Bitcoin with pencil and paper: 0.67 hashes per day ? who would have thunk? http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html (http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html) The article states... Quote I perform the first round of hashing to mine a block. Completing this round took me 16 minutes, 45 seconds. ^^^This is wrong. Author did not mine a block in 16 minutes, 45 seconds. He just calculated a Hash. Jeez, imaging mining a block every 16 minutes. Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: R2D221 on September 29, 2014, 08:17:38 PM Mining Bitcoin with pencil and paper: 0.67 hashes per day ? who would have thunk? http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html (http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html) The article states... Quote I perform the first round of hashing to mine a block. Completing this round took me 16 minutes, 45 seconds. ^^^This is wrong. Author did not mine a block in 16 minutes, 45 seconds. He just calculated a Hash. Isn't mining a block calculating a hash? How many hashes are needed to mine a block? (I'm not talking about difficulty, but about how many hashes does the algorithm actually need). Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: 2GOOD on September 29, 2014, 08:38:09 PM This would be a great lesson in cryptography classes.
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: Eotnak on September 29, 2014, 08:43:05 PM https://lh5.googleusercontent.com/-jeuFhMKvGi4/UxLTJv9wfgI/AAAAAAAAWok/zdlJy0GVrlA/w500/mine-pencil-1.png Even if you found a block, it would likely take more then 10 minutes to copy the found block onto a computer that can broadcast the block to the network so the block would end up either being orphaned or being invalid depending on when someone would consider it to be "found" (when it was actually solved verses when it was broadcast).congrats you just solved a 25 btc block. at a rate of 10000000000000000:0 No, you're supposed to put the result in an envelope and mail it to the Bitcoin Foundation. I heard they have a P.O. Box specifically for this purpose. Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: newIndia on September 29, 2014, 08:46:58 PM Mining Bitcoin with pencil and paper: 0.67 hashes per day ? who would have thunk? http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html (http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html) The article states... Quote I perform the first round of hashing to mine a block. Completing this round took me 16 minutes, 45 seconds. ^^^This is wrong. Author did not mine a block in 16 minutes, 45 seconds. He just calculated a Hash. Isn't mining a block calculating a hash? How many hashes are needed to mine a block? (I'm not talking about difficulty, but about how many hashes does the algorithm actually need). No one knows. Algorithm does not specify this. Its pure luck... or scientifically u can say entropy. Your first hash may meet the criteria as well as the nth hash. Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: xhomerx10 on September 29, 2014, 08:55:53 PM I've been doing this since day 1. I use pen and paper to write a check, deposit it into my exchange account and buy bitcoin to trade for miners. It was fast for all but the BFL singles... Not even sure if I got those!
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: R2D221 on September 29, 2014, 09:19:55 PM Mining Bitcoin with pencil and paper: 0.67 hashes per day ? who would have thunk? http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html (http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html) The article states... Quote I perform the first round of hashing to mine a block. Completing this round took me 16 minutes, 45 seconds. ^^^This is wrong. Author did not mine a block in 16 minutes, 45 seconds. He just calculated a Hash. Isn't mining a block calculating a hash? How many hashes are needed to mine a block? (I'm not talking about difficulty, but about how many hashes does the algorithm actually need). No one knows. Algorithm does not specify this. Its pure luck... or scientifically u can say entropy. Your first hash may meet the criteria as well as the nth hash. That is NOT my question. My question is: How many hashes you need in the algorithm? Given the correct nonce and transactions, how many hashes are used in the algorithm to get to the value that will be compared against the current difficulty? I'm not talking about entropy and such, but about the actual algorithm. Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: xhomerx10 on September 29, 2014, 09:57:09 PM Mining Bitcoin with pencil and paper: 0.67 hashes per day ? who would have thunk? http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html (http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html) The article states... Quote I perform the first round of hashing to mine a block. Completing this round took me 16 minutes, 45 seconds. ^^^This is wrong. Author did not mine a block in 16 minutes, 45 seconds. He just calculated a Hash. Isn't mining a block calculating a hash? How many hashes are needed to mine a block? (I'm not talking about difficulty, but about how many hashes does the algorithm actually need). No one knows. Algorithm does not specify this. Its pure luck... or scientifically u can say entropy. Your first hash may meet the criteria as well as the nth hash. That is NOT my question. My question is: How many hashes you need in the algorithm? Given the correct nonce and transactions, how many hashes are used in the algorithm to get to the value that will be compared against the current difficulty? I'm not talking about entropy and such, but about the actual algorithm. Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: vipgelsi on September 29, 2014, 10:00:30 PM Very interesting
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: BitCoinDream on September 29, 2014, 10:29:12 PM Mining Bitcoin with pencil and paper: 0.67 hashes per day ? who would have thunk? http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html (http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html) The article states... Quote I perform the first round of hashing to mine a block. Completing this round took me 16 minutes, 45 seconds. ^^^This is wrong. Author did not mine a block in 16 minutes, 45 seconds. He just calculated a Hash. Isn't mining a block calculating a hash? How many hashes are needed to mine a block? (I'm not talking about difficulty, but about how many hashes does the algorithm actually need). No one knows. Algorithm does not specify this. Its pure luck... or scientifically u can say entropy. Your first hash may meet the criteria as well as the nth hash. That is NOT my question. My question is: How many hashes you need in the algorithm? Given the correct nonce and transactions, how many hashes are used in the algorithm to get to the value that will be compared against the current difficulty? I'm not talking about entropy and such, but about the actual algorithm. U might like to check the following to easily understand the mining operation. That would probably make things clear to U about the requirement of the no. of hashes in the algorithm... Q. What happens in a mining operation ? A. A bitcoin block hash is a sha256 (32 bytes). The hashed data contains several things, including the current time, the previous block hash and a random "nonce". Also there's a "target" (depending on the total bitcoin hashrate) value being calculated and which gives the number of zeroes your block must start with to be valid. If your block hash doesn't starts with enough zeroes, then you should try again with another nonce. OR hi i never understood bitcoin mining and wnat to ask here is bit coin mining is done by programmers? and does this need any experiecne? please explain for a newbie who dont nknow naything You might like to read the following to understand Bitcoin mining in simple terms... What a miner is doing when it's running is generating millions of hashes every second. A hash looks something like 00000000000000000b8cd4a8a7752ff8785f66232359273f619f6a6cb28d4644. A hash is always 64 characters long. Each block has a 'target' hash, which looks similar to the string of characters above. When the hash that your miner generates has a lower value than the target hash, you win the block. An example with smaller numbers would be a target hash of 0017b5 (note that this isn't an actual hash for bitcoin as it isn't 64 characters long, this is just an example). If your miner generates the hash 0017a5, you win the block. However, if it generates the hash 0017c5, you don't win the block. The order of the 'value' of the characters from lowest to highest value are 0, 1, 2, 3, 4, 5, 6, 7, 8, 9, a, b, c, d, e, f (which is actually hexadecimal no. system). As the difficulty increases, the 'value' of the target hash becomes lower, as more zeroes are added on to the beginning. This makes it harder for your miner's hash to have a lesser value than the target hash, so it gets harder to win the block. Notice how the example target hash above had 17 zeroes at the beginning, while the target hash of the first ever mined block (https://blockchain.info/block-index/14849) had only 10 zeroes at the beginning. Details: https://en.bitcoin.it/wiki/Block_hashing_algorithm Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: a447513372 on September 29, 2014, 11:38:57 PM Mining Bitcoin with pencil and paper: 0.67 hashes per day ? who would have thunk? http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html (http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html) The article states... Quote I perform the first round of hashing to mine a block. Completing this round took me 16 minutes, 45 seconds. ^^^This is wrong. Author did not mine a block in 16 minutes, 45 seconds. He just calculated a Hash. Isn't mining a block calculating a hash? How many hashes are needed to mine a block? (I'm not talking about difficulty, but about how many hashes does the algorithm actually need). No one knows. Algorithm does not specify this. Its pure luck... or scientifically u can say entropy. Your first hash may meet the criteria as well as the nth hash. That is NOT my question. My question is: How many hashes you need in the algorithm? Given the correct nonce and transactions, how many hashes are used in the algorithm to get to the value that will be compared against the current difficulty? I'm not talking about entropy and such, but about the actual algorithm. Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: Rishblitz on September 30, 2014, 12:48:26 AM http://globalpeaceandconflict.files.wordpress.com/2012/02/nike-factory-vietnam.jpg they are already doing it. crazy bastards! Is that the farm In northern china with the cheap electricity that I saw the ad for? :p lol Chinese will do anything for money. Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: sifter on September 30, 2014, 05:04:20 AM Well there's quite a lot of people in China so what are the chances of them getting jobs
Title: Re: Mining Bitcoin with a Paper and Pencil.... Post by: bitcoinstarter on September 30, 2014, 05:25:19 AM Well there's quite a lot of people in China so what are the chances of them getting jobs Basically, not a good chance. I mean there are just so many people in China. |
