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Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014)

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Re: Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014)

#41
post #40

Earlier quoted context omitted.

Honestly, what is getting me is that his book on sharpening pencils is actually 224 pages long. That seems awful long on such a simple subject!

And yet he made a half hour show with episodes such as "how to bounce a ball", "how to dig a hole, "how to open a door", "how to take a nap", etc.

Sounds like he must be a good talker to say the least. Charismatic or at the minimum entertaining.

Re: Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014)

#45
post #40

Earlier quoted context omitted.

And yet he made a half hour show with episodes such as "how to bounce a ball", "how to dig a hole, "how to open a door", "how to take a nap", etc.

Sounds like he must be a good talker to say the least. Charismatic or at the minimum entertaining.

It's definitely majority charisma and being funny, but a portion of the show is talking to experts in the relevant fields to discuss underlying aspects of each "simple concept" that one doesn't normally contemplate.

Re: Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014)

#46
post #16

I think there is a market for selling hand-mined bitcoins as a novelty item, but selling individual hashes might be a pretty small niche.

To be able to mine at all (with whatever speed), you need to be able to complete an individual hash operation in less than 10 minutes - before the next Bitcoin block is created elsewhere on the network - because you have to base your calculation on that previous block's hash. If it takes more than a day to compute one hash, it does not work, no matter how many of them you could theoretically do in parallel.

10 minutes is the average time between the creation of the two blocks, so the time could be much greater.

Block 74638 was mined almost 7 hours after the previous one, for example, because of a serious overflowing issue.

Of course, the combinaison of "no block created in 36 hours" & "the hand-calculated block is valid" is highly unlikely, but still possible.

Re: Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014)

#47

Earlier quoted context omitted.

The fact alone that writing and editing ICO whitepapers (plural) is something an individual can do as a job makes me trust ICOs significantly less.

You have seen nothing yet https://www.fiverr.com/writer_clara/write-and-proofread-your...

What's particularly alarming about that is he appears to have had at least three people purchase his service, two of them after the first had commented that it was substandard...

You know a market's full of suckers when even the wannabe scammers aren't discerning enough to avoid being ripped off.

Re: Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014)

#48
post #38

Earlier quoted context omitted.

Well, the Paypal button actually works! I wonder if someone ever placed an order though...

There was a much lower price point originally, before he got sort of famous from the book, and subsequently a TV-show (Going Deep). The current price is basically to keep people from ordering, but still having it open if someone REALLY wants to get one.

Wait! The price is meant to STOP people from ordering? I naturally assumed after watching the video of his artisanal pencil sharpening techniques that the prices implied exclusivity and a cut above the rest.

I ran out to the dollar store lickety-split, purchased five dozen pencils, and put in orders for all 60 of them. Sure, it was a cool 30k, but you need your pencils sharpened properly for your entire family, maids, and baby-sitters.

He really should update his order cart for people who want to get a dozen or more sharpened at a time.

I would have ordered a full gross, but I had to run off and purchase a book for my second cousin's youngest son's friend who has a book report due. https://www.amazon.com/Trends-European-Television-Communicat...

Re: Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014)

#50

I've found it works best with artisanal sharpened pencils http://www.artisanalpencilsharpening.com

Lol. From the newyorker article “I’m sure there’s somebody in India who could sharpen your pencil for $8, but if you want authentic American craftsmanship … that’s how much quality costs these days.” https://www.newyorker.com/books/page-turner/pencils-and-noth...
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