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Nytro

Mining Bitcoin with pencil and paper

By Nytro, in Tutoriale video

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Nytro

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Publicat pe 28 sept. 2014

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.

 

 

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