Mining bitcoin with pencil and paper 067 hashes per day
After several days one of you find the right hash. It still takes you more than 24hr to compute it by hand and every time a new block is found you have the start all over again, so to win a block everyone else on earth needs to not find a block in 24 hr. The next question is the energy cost.
I wonder if Bitcoin could be theoretically Hard Forked to be purely paper based? He links to his original reddit post from 3 years ago: I love this, thanks for posting! I know it's essentially impossible, but I'm laughing at even the possibility that this guy could get a block by hand-mining.
The hashes per day was calculated in so that rate has probably gone down over time as the difficulty as gone up. First, it's extremely unlucky considering there are trillions made before someone find it. It still takes you more than 24hr to compute it by hand and every time a new block is found you have the start all over again, so to win a block everyone else on earth needs to not find a block in 24 hr.
It still takes you more than 24hr to compute it by hand and every time a new block is found you have the start all over again, so to win a block everyone mining bitcoin with pencil and paper 067 hashes per day on earth needs to not find a block in 24 hr. This screams for a Stephenson novel, in which monasteries in the dark ages were handling the financial system, keeping it out of the hands of kings and emperors, obsoleting gold as money by the mid 's, never giving rise to a fiat-money system and pushing the world onto a completely different historical trajectory. I know it's essentially impossible, but I'm laughing at even the possibility that this guy could get a block by hand-mining. This author is superb.
Mining Bitcoin with pencil and paper: So I'm less energy efficient by a factor ofor 10 quadrillion. He links to his original reddit post from 3 years ago:
He links to his original reddit post from 3 years ago: Thus my energy cost per hash is about 67 quadrillion times that of mining hardware. Like us on Facebook Rebrn facebook page. No any miner is running. I wonder if Bitcoin could be theoretically Hard Forked to be purely paper based?
I wonder if Bitcoin could be theoretically Hard Forked to be purely paper based? Now you have time till the next miner finds it too and confirms it. It still takes you more than 24hr to compute it by hand and every time a new block is found you have the start all over again, so to win a block everyone else on earth needs to not find a block in 24 hr. After several days one of you find the right hash. What will you do with you pen and paper hashcode to claim your bitcoins?
Because they'd code in their heads and on pen and paper. This screams for a Stephenson novel, in which monasteries in the dark ages were handling the financial system, keeping it out of the hands of kings and emperors, obsoleting gold as money by the mid 's, never giving rise to a fiat-money system and pushing the world onto a completely different historical trajectory. First, it's extremely unlucky considering there are trillions made before someone find it. No any miner is running. Now you have time till the next miner finds it too and confirms it.
First, it's extremely unlucky considering there are trillions made before someone find it. Even if you get the matching hash every time, you still need to do it at the moment where there are no blocks for 36 hours, which has never happened before. After several days one of you find the right hash. Thus my energy cost per hash is about 67 quadrillion times that of mining hardware. What will you do with you pen and paper hashcode to claim your bitcoins?
This screams for a Stephenson novel, in which monasteries in the dark ages were handling the financial system, keeping it out of the hands of kings and emperors, obsoleting gold as money by the mid 's, never giving rise to a fiat-money system and pushing the mining bitcoin with pencil and paper 067 hashes per day onto a completely different historical trajectory. It still takes you more than 24hr to compute it by hand and every time a new block is found you have the start all over again, so to win a block everyone else on earth needs to not find a block in 24 hr. Like us on Facebook Rebrn facebook page.