|
|
|
|
|
|
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
Flash Cunt
Member
Offline
Activity: 69
Merit: 12
|
|
December 21, 2018, 08:30:53 PM |
|
That looks interesting. If I find a block, do I submit it using the regular mail? On a more serious note. I'd like to spend some time working through the article so that I can get a better understanding of the basics of Bitcoin. Thanks for posting the link.
|
|
|
|
OgNasty
Donator
Legendary
Offline
Activity: 4732
Merit: 4239
Leading Crypto Sports Betting & Casino Platform
|
|
December 21, 2018, 09:15:40 PM |
|
The speed is apparently 0.67 hashes per day, it seems an interesting way to mine bitcoin if there's ever an issue with the current network (looks like it could get worse for the scalability of bitcoin than we currently have ). I can’t imagine any scenario where this would be a realistic way to mine. In the end it is just math though.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
jackg (OP)
Copper Member
Legendary
Offline
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
|
|
December 21, 2018, 09:46:35 PM |
|
The speed is apparently 0.67 hashes per day, it seems an interesting way to mine bitcoin if there's ever an issue with the current network (looks like it could get worse for the scalability of bitcoin than we currently have ). I can’t imagine any scenario where this would be a realistic way to mine. In the end it is just math though. You're not enthusiastic about the idea? I mean it's a good way to learn about how the system actually works though by aggregating down the process of mining so taht it can be done with just a pen, paper, and a bit of good old cognition...
|
|
|
|
bill gator
Legendary
Offline
Activity: 1372
Merit: 1123
|
|
December 22, 2018, 03:27:49 PM Last edit: December 22, 2018, 04:32:26 PM by bill gator |
|
The Fit to Talk forum has some gems, I'll be the first to give you guys credit over there. I like the idea, but I agree it's not going to be practical means of mining in any foreseeable future. Definitely something I'm going to waste some time doing. There goes hundreds of hours of my time. You're not enthusiastic about the idea? I mean it's a good way to learn about how the system actually works though by aggregating down the process of mining so taht it can be done with just a pen, paper, and a bit of good old cognition...
Don't be discouraged, some of us have more free time than we know what to do with and will be more enthusiastic than the others.
|
|
|
|
| ▄█ ▄██▌ ▄████ ▀▀▀█████▀ ▐███▀ ██▀ ▀ | .. | ► | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀███████████████████████▀ ▀▀█████████████████▀▀ ▀▀▀███████▀▀▀ | | ► | ▄▄▄███████▄▄▄ ▄▄█▀▀███████████▀▀█▄▄ ▄████▄▄███████████▄▄████▄ ████████▀▀▄▄▄▄▄▄▄▀▀████████ ███████▀▄██████▀████▄▀███████ ███████▀▄█████▀ ▐█████▄▀███████ ██ ███ ████▀ ▀▀█████ ███ ██ ███████▄▀█████ ▄█████▀▄███████ ███████▄▀███▌▄██████▀▄███████ ████████▄▄▀▀▀▀▀▀▀▄▄████████ ▀████▀▀███████████▀▀████▀ ▀▀█▄▄███████████▄▄█▀▀ ▀▀▀███████▀▀▀ | | ► | ▄▀▀▀▀▀▀▀▀▀▀█████████ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█ ██████████████████████ ██████████▄▀▀▀▀▀▀▀▀▀ █ ▄▄▄████████████████████▄▄▄ ████████████████████████████ ██████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ ▀███████████▀ ▀███████████▀ ▀▀█████▀▀ ▀▀█████▀▀ | | . ..SPORTS │ CASINO │ ESPORTS.. | . | | . | . ..BET NOW.. |
|
|
|
LoyceV
Legendary
Offline
Activity: 3304
Merit: 16616
Thick-Skinned Gang Leader and Golden Feather 2021
|
|
December 23, 2018, 01:35:05 PM |
|
I can’t imagine any scenario where this would be a realistic way to mine. In the end it is just math though. I saw a video about it a while back. Obviously, there's no practical application, apart from creating a new hash, but it nicely puts the Bitcoin hash power into perspective. Compare 44 million tera hashes per second to 0.67 hash per day: that's 5*10 24 times faster! I had to look up the names: That's 5 Septillion times faster (in American names). Checking all existing blocks is what's really going to get you doing it by hand
|
|
|
|
pooya87
Legendary
Offline
Activity: 3444
Merit: 10555
|
|
December 24, 2018, 04:43:53 AM |
|
Ken Shirriff's blog posts are awesome. it is good for those who want to understand what is happening under the hood. it is not meant as a "practical case" but it is meant for more understanding. for example as a new developer who wants to learn more about how bitcoin works posts like this and the other one which is my favorite ( bitcoin the hard way) are very helpful. it explains everything so there is no stones unturned.
|
. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
|
|
|
|
Kopyleft
Member
Offline
Activity: 168
Merit: 15
Future of Security Tokens
|
|
December 24, 2018, 07:10:37 AM |
|
This concept is entirely new to me, and i have not come across any content on mining with paper and pencil till now. It's great for knowledge purposes and cam be used to learn the more complicated aspects of the Bitcoin network. Obviously it is not a feasible mining procedure.
|
|
|
|
bitmover
Legendary
Offline
Activity: 2296
Merit: 5921
bitcoindata.science
|
|
December 25, 2018, 06:23:20 PM |
|
I can’t imagine any scenario where this would be a realistic way to mine. In the end it is just math though. I saw a video about it a while back. Obviously, there's no practical application, apart from creating a new hash, but it nicely puts the Bitcoin hash power into perspective. Compare 44 million tera hashes per second to 0.67 hash per day: that's 5*10 24 times faster! I had to look up the names: That's 5 Septillion times faster (in American names). Checking all existing blocks is what's really going to get you doing it by hand Of course,no practical use. But it is very interesting and the article also has an educational perspective, showing that those are simple calculations, but very boring. And even a small mistake would trash all your work. Certainly no use but educational.
|
. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
|
|
|
|
Xivibe
Jr. Member
Offline
Activity: 89
Merit: 1
|
|
December 25, 2018, 07:41:20 PM |
|
Honestly, it amazes me. Brilliant!
|
|
|
|
|