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Author Topic: Is it Possible To Mine Bitcoin with Supercomputer?  (Read 524 times)
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October 28, 2019, 05:56:25 PM
 #21

Mining bitcoin at this time or in future with supercomputer or any other device than ASIC miners is a waste of time

Why wouldn't it be, if the Russian government were supplying the computers and paying for the electricity? Of course, going to jail ultimately isn't worth it.
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October 28, 2019, 06:00:40 PM
 #22

taking into account that almost supercomputers uses some special versions of linux, and quite a lot of coins have source open
I think it is possible to recompile wallet and miner as well and run it  Roll Eyes
those Russians.. I wonder why they did not hack American super computers and mine coins there  Grin Grin
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October 28, 2019, 06:12:51 PM
 #23

These days there is dedicated equipments for mining, we've got ASIC's particularly developed to make mining more efficient. When it comes to supercomputers, the key factor for which its been designed and developed needs to be understood. With supercomputers it is possible to mine, but that won't be giving better output than the specific ASIC does.

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October 28, 2019, 06:15:48 PM
 #24

According to some sources, supercomputers can be a big problem for Bitcoin. But if supercomputers can be used to mine Bitcoin in the future, it will be wonderful for Bitcoin Network. However, the main aim of super computers is to make too complex calculations in a very short time compared to classical computers.

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October 28, 2019, 10:37:02 PM
 #25

The supercomputers are not designed to mined bitcoins. thus, the result is not going to be any good. They should have bought Bitmain S9 miners instead of using the supercomputer. Using a supercomputer for mining bitcoin is a very big waste of time, energy and resources.

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October 28, 2019, 10:53:42 PM
 #26

The supercomputers are not designed to mined bitcoins. thus, the result is not going to be any good. They should have bought Bitmain S9 miners instead of using the supercomputer. Using a supercomputer for mining bitcoin is a very big waste of time, energy and resources.

Yes completely agree.

Supercomputers are designed especially for performing various tasks as per requirement. And these supercomputers have that much capability and potential. But considering supercomputer for mining is a bit hard and completcated task for a supercomputer.

Even still anyone can use the supercomputer for mining, but it will be not profitable in coming future as day by day contributing power and difficulties are increasing.

And It's my own opinion that supercomputers are not made for mining, so it will cost more to maintain and gives lower ROI.

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October 28, 2019, 10:56:46 PM
 #27

Yes completely agree.

Supercomputers are designed especially for performing various tasks as per requirement. And these supercomputers have that much capability and potential. But considering supercomputer for mining is a bit hard and completcated task for a supercomputer.

Even still anyone can use the supercomputer for mining, but it will be not profitable in coming future as day by day contributing power and difficulties are increasing.

And It's my own opinion that supercomputers are not made for mining, so it will cost more to maintain and gives lower ROI.



A super computer is referred to as something which is exceptional at certain tasks and therefore I would say that dedicated Bitcoin miners ASIIC are very close to being a super computer. They are able to mine quicker than traditional devices and therefore would fall under the category of a super computer. A super computer does not necessarily mean huge specifications and quick at everything.
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October 29, 2019, 01:14:01 PM
 #28

It would make more sense to just use the free power and run an ASIC miner from inside the nuclear facility, and not touch the actual supercomputer as that can be logged.

Adding an extra thousand watts, ... maybe might be noticeable and has a better chance of not being noticed at all, but using 100% of the cpu power of a supercomputer is sure to attract all sorts of attention.

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October 29, 2019, 04:42:04 PM
 #29

It would make more sense to just use the free power and run an ASIC miner from inside the nuclear facility, and not touch the actual supercomputer as that can be logged.

Anything you bring in or out of a nuclear facility is also logged. Do you suppose employees come and go as they please and bring some big hardware from home? Where would that run? In the common rooms and storages there's no high voltage outlets and substations are closely monitored to spot any signs of malfunction like smoke or fire. You'd need half of the facility on it with you and the risk would be high because in case of fire or injury inspectors could come in and take the recordings and find out about your little side job. People who mine at work, in secret, get caught sooner or later.

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October 29, 2019, 10:55:42 PM
Merited by alyssa85 (1)
 #30

It is possible to mine even with your laptop , it doesn't mean that it is efficient or wise
in this case , supercomputer used to mine bitcoins is like using nuclear weapons to clear rat infestation
will you clear it? probably yes
is it worth it? probably not

the problem is people are asking questions like that think in different categories
supercomputers provide something way greater than money , they provide knowledge and knowledge is power
whoever controls information controls the world

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October 29, 2019, 11:19:13 PM
 #31

These Russians were jailed for attempting to mine bitcoin at a nuclear facility. Would they really have gotten coins mining with a supercomputer? https://www.cryptoinfowatch.com/russian-nuclear-engineer-jailed-for-mining-bitcoin-at-work/



Honestly I am not a miner but all in this era their nothing impossible, the technology is continue to upgrade if not wrong even a normal computer or smartphone or laptop can use for mining but the queation is how much profit get that set up and we need also to consedired the electricty consumption.
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October 29, 2019, 11:29:27 PM
 #32

These Russians were jailed for attempting to mine bitcoin at a nuclear facility. Would they really have gotten coins mining with a supercomputer? https://www.cryptoinfowatch.com/russian-nuclear-engineer-jailed-for-mining-bitcoin-at-work/



Honestly I am not a miner but all in this era their nothing impossible, the technology is continue to upgrade if not wrong even a normal computer or smartphone or laptop can use for mining but the queation is how much profit get that set up and we need also to consedired the electricty consumption.

profit depends on your electril bills and your hardware's devices if they have a good specs expect to mine better  . usually normal spec devices can only run mining at a slower to normal rates but those supercomputers its possible to mine more effectively by using them  .  there were only jailed because they use a public computer that is not from them  and of course that will be consider illegal   . its also from a nuclear ? nuclears are dangerous if something messed up  .
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October 29, 2019, 11:52:57 PM
 #33

Any attempt to mine Bitcoin with any other thing apart from ASCI is just absolute waste of time. Such could have been welcome may be in the past five years.

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October 30, 2019, 03:15:27 AM
 #34

Any attempt to mine Bitcoin with any other thing apart from ASCI is just absolute waste of time. Such could have been welcome may be in the past five years.

And technically Supercomputers have their different algorithms that they use in its computations. If we are going to use these technologies, even quantum computer will don't have the advantage in mining bitcoin as the algorithm for mining bitcoin is different. Supercomputers will just do the same calculations that a classical computer will do in order to mine cryptocurrency.
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November 06, 2019, 09:27:28 PM
 #35

And technically Supercomputers have their different algorithms that they use in its computations. If we are going to use these technologies, even quantum computer will don't have the advantage in mining bitcoin as the algorithm for mining bitcoin is different. Supercomputers will just do the same calculations that a classical computer will do in order to mine cryptocurrency.
When most people refer to quantum computers in the cyrptocurrency industry they are referring to quantum computers which are good at factoring as that is the way you can break the EDSCA. There are many different quantum computers that target specific things and not all quantum computers or supercomputers are a threat to Bitcoin. I don't think quantum computers are a threat to Bitcoin anyway as there should be changes made before they come anywhere near to the required qbit power needed to crack public keys.
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November 06, 2019, 09:38:38 PM
 #36

These Russians were jailed for attempting to mine bitcoin at a nuclear facility. Would they really have gotten coins mining with a supercomputer? https://www.cryptoinfowatch.com/russian-nuclear-engineer-jailed-for-mining-bitcoin-at-work/

Honestly I am not a miner but all in this era their nothing impossible, the technology is continue to upgrade if not wrong even a normal computer or smartphone or laptop can use for mining but the queation is how much profit get that set up and we need also to consedired the electricty consumption.

At this point, I think mining in a smartphone or laptop can't mine bitcoin. Even a small hash rate, you can't even earn a little bit amount of bitcoin through it. It's very ambitious to think that smartphones or laptops can mine now 'cause even a low GPU can't even be a good mining rig.

Yes, the technology is continuously upgrading but we're on the point that it will take a lot of time to have that concept.
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November 06, 2019, 09:44:01 PM
 #37

Mining Bitcoin today is very hard as Bitcoin is getting close to its limit. Using supercomputer doesn't give him much profit. Maybe quantum computers will do. But is doesn't exist yet. He need more powerful computer to solve the blocks. That's why kindness switched to ASIC miner. It's faster and efficient way to mine Bitcoin.
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November 07, 2019, 10:43:54 AM
 #38

These Russians were jailed for attempting to mine bitcoin at a nuclear facility. Would they really have gotten coins mining with a supercomputer? https://www.cryptoinfowatch.com/russian-nuclear-engineer-jailed-for-mining-bitcoin-at-work/

it is a silly thing done by workers in nuclear companies in Russia, now it is not strange if we hear of mining bitcoin with super computers. Some people today are using computers to mine bitcoin, maybe they have not been able to buy sophisticated mining equipment that quite expensive I think if we mine bitcoin with a computer it will take a very long time because the computer doesn't have fast power.

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November 07, 2019, 02:43:34 PM
 #39

Mining Bitcoin today is very hard as Bitcoin is getting close to its limit. Using supercomputer doesn't give him much profit. Maybe quantum computers will do. But is doesn't exist yet. He need more powerful computer to solve the blocks. That's why kindness switched to ASIC miner. It's faster and efficient way to mine Bitcoin.

Supercomputer is a powerful computer, I don't why you said it's not enough to give profits to someone who'll use it, my friend use a $3000 mining rig, take note, it's not yet a supercomputer but it gives him passive income everyday, and for the Quantum Computer you were saying, you'll regret recommending it once it's finally existing, you may ask google why for more information about it. Smiley
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November 07, 2019, 03:13:44 PM
 #40

These Russians were jailed for attempting to mine bitcoin at a nuclear facility. Would they really have gotten coins mining with a supercomputer? https://www.cryptoinfowatch.com/russian-nuclear-engineer-jailed-for-mining-bitcoin-at-work/

Beyond question it is possible to use a supercomputer for any calculations as well as for mining. I am not surprised that the russian scientist has become mining crypto coins instead of researching in the field of the nuclear physics. This is not the guilt of him because an incredibly low level of salaries causes him seeks any possibilities to earn a little more for living.
By the way, sometimes I regret that I did not buy BTC when it was lower 200$. I might have a chance to buy but alas. Now I just can dream how my life would be changed if I were smarter and more lucky and bought BTC. May be I even would become a nuclear physic., why not?!

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