29 Sep '14, 8pm

Mining Bitcoin With Pencil and Paper

Bitcoin mining is a key part of the security of the Bitcoin system. The idea is that Bitcoin miners group a bunch of Bitcoin transactions into a block, then repeatedly perform a cryptographic operation called hashing zillions of times until someone finds a special extremely rare hash value. At this point, the block has been mined and becomes part of the Bitcoin block chain. The hashing task itself doesn't accomplish anything useful in itself, but because finding a successful block is so difficult, it ensures that no individual has the resources to take over the Bitcoin system. For more details on mining, see my

Full article: http://gizmodo.com/mining-bitcoin-with-pencil-and-paper-1...

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Mining Bitcoins with Pencil and Paper

hackaday.com 29 Sep '14, 11pm

Right now there are thousands of computers connected to the Internet, dutifully calculating SHA-256 hashes and sending the...

Mining Bitcoin with pencil and paper: 0.67 hash...

righto.com 28 Sep '14, 4pm

about my energy consumption. There's not much physical exertion, so assuming a resting metabolic rate of 1500kcal/day, man...

Mining Bitcoin with pencil and paper: 0.67 hash...

righto.com 28 Sep '14, 5pm

about my energy consumption. There's not much physical exertion, so assuming a resting metabolic rate of 1500kcal/day, man...

Ken Shirriff's blog: Mining Bitcoin with pencil...

righto.com 28 Sep '14, 4pm

about my energy consumption. There's not much physical exertion, so assuming a resting metabolic rate of 1500kcal/day, man...

Mining Bitcoin with pencil and paper: 0.67 hash...

reddit.com 28 Sep '14, 8pm

Understood. I think it's a neat on-paper idea, the blockchain is fairly decent technological concept, but it's not going t...

This is what mining bitcoin by hand looks like:

This is what mining bitcoin by hand looks like:

motherboard.vice.com 30 Sep '14, 12pm

If you can’t get your head around mining bitcoin with increasing amounts of computer power, don’t even think about doing i...

Toomim Bros Bitcoin Mining Concern

toom.im 28 Sep '14, 6pm

Located in the Pacific Northwest of the USA, the Toomim Brothers bring decades of experience in electrical and computer en...

How Long Would It Take to Mine Bitcoin by Hand?

How Long Would It Take to Mine Bitcoin by Hand?

singularityhub.com 30 Sep '14, 5pm

Bitcoin is a decentralized, digital currency. It was invented by a mysterious individual known by the handle, Satoshi Naka...

Brilliant Device Turns Waste Paper Into Pencils

inhabitat.com 29 Sep '14, 7am

The designers make the clever connection between an office’s waste stream and supply needs with a satisfying design that p...

Bitcoin-mining company Butterfly Labs shut down...

cnet.com 24 Sep '14, 3am

A bitcoin-related company that allegedly engaged in deceptive marketing of specialized computers designed to produce the c...

Bitcoin-mining company Butterfly Labs shut down...

cnet.com 24 Sep '14, 3am

A bitcoin-related company that allegedly engaged in deceptive marketing of specialized computers designed to produce the c...

Bitcoin: Magic, Fraud, or Sufficiently Advanced...

bitcoinmagazine.com 29 Sep '14, 4pm

Arthur C. Clarke’s third law famously states: “Any sufficiently advanced technology is indistinguishable from magic.” What...

Bitcoin-mining computer company faces shutdown ...

theguardian.com 24 Sep '14, 1am

US regulators have moved to shut down Butterfly Labs, a Missouri-based company they allege deceptively marketed computers ...

#bitcoin

Circle.com 29 Sep '14, 11am

You shouldn't have to pay fees to use your own money. We don't charge fees when you convert funds to or from bitcoin with ...

The Rise of Rebittance⁰: Reinventing money tran...

thenextweb.com 28 Sep '14, 5pm

Luis Buenaventura is Head of Product at Satoshi Citadel Industries , a Bitcoin startup operating out of the Philippines. B...