30 Sep '14, 5pm

How Long Would It Take to Mine Bitcoin by Hand?

How Long Would It Take to Mine Bitcoin by Hand?

Bitcoin is a decentralized, digital currency. It was invented by a mysterious individual known by the handle, Satoshi Nakamoto. A bitcoin is volatile but is currently worth about $380 ; regulators are increasingly interested; retailers too—true believers believe. These headlines you’ve likely read. But where the hell do bitcoins come from anyway? They’re mined by computers making calculations lightning fast—or in this case, by a man with sixteen minutes’ free time, a pencil, and pad of paper. Ken Shirriff is the hero of this story. (For more detail check out his blog post .) His hand calculation of the bitcoin algorithm (SHA-256 ) is instructive in a few ways. First, it’s clear why bitcoin is called a cryptocurrency—it’s built on a series of cryptographic operations. Second, you can see there’s no shortcut around the algorithm: it takes a fixed amount of time, or processin...

Full article: http://singularityhub.com/2014/09/30/how-long-would-it-ta...

Tweets

Chomping at the Bitcoin: An Expert’s Take on Bitcoin in China #China #Bitcoin -

Chomping at the Bitcoin: An Expert’s Take on Bi...

coindesk.com 30 Sep '14, 6pm

Around mid to late 2013, the bitcoin world started waking up to an interesting realization: bitcoin growth wasn’t being dr...

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...

Mining Bitcoin With Pencil and Paper

gizmodo.com 29 Sep '14, 8pm

Bitcoin mining is a key part of the security of the Bitcoin system. The idea is that Bitcoin miners group a bunch of Bitco...

We have again called on the NSW Government to t...

nswtaxi.org.au 01 Oct '14, 8am

30 SEPTEMBER 2014 The NSW Taxi Council has again called on the NSW Government to take strong action against ridesharing in...

'Rise and Rise of Bitcoin' a clear-cut take on ...

latimes.com 02 Oct '14, 9pm

As a result, several of those featured bitcoin millionaires are later shown filing for bankruptcy or, in the case of Charl...

Billionaire Entrepreneur Mark Cuban: 'Bitcoin Has No Shot as a Long-Term Digital Currency'

Billionaire Entrepreneur Mark Cuban: 'Bitcoin H...

entrepreneur.com 01 Oct '14, 9pm

Mark Cuban invests in a motley mix of businesses, from the big (Magnolia Pictures, the Dallas Mavericks and Dropbox) to th...

#Technology - Jeremy Allaire Opens His Long-Awa...

adispel.com 30 Sep '14, 2am

#Bitcoin - When you have one of the most experienced CEOs in the industry, who led Macromedia and oversaw the development ...

Why I almost bit on bitcoin and nearly bought i...

zdnet.com 30 Sep '14, 3pm

If I read Mr. Gewirtz correctly, Butterfly Labs wasn't engaging in a Ponzi Scheme. It was more akin to fraud and conversio...

Bitcoin

blog.chain.com 04 Oct '14, 11pm

Most people think about bitcoin as an alternative to something they already know, as opposed to an enabler of something th...

Learn to Code! Free CodeSchool from New Relic [...

newrelic.com 30 Sep '14, 2pm

What is Code School? Code School is an online learning platform that teaches a variety of programming and web design skill...

The Rise and Rise of Bitcoin - Movie Review

The Rise and Rise of Bitcoin - Movie Review

huffingtonpost.com 30 Sep '14, 4pm

Last night at Innotribe SIBOS I watched the premier of a brand new documentary movie called The Rise and Rise of Bitcoin (...

Jeremy Allaire Opens His Long-Awaited Bitcoin P...

techcrunch.com 30 Sep '14, 12am

When you have one of the most experienced CEOs in the industry, who led Macromedia and oversaw the development of Adobe Fl...

Jeremy Allaire Opens His Long-Awaited Bitcoin P...

techcrunch.com 30 Sep '14, 12am

When you have one of the most experienced CEOs in the industry, who led Macromedia and oversaw the development of Adobe Fl...

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

bitcoinmagazine.com 30 Sep '14, 6pm

Part I introduced some of the challenges in the way of the public understanding of how Bitcoin works, and summarized the s...

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...