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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 by jjuel »

infogulch wrote: post #35
kzrdude wrote: post #20

Earlier quoted context omitted.

So much screen-staring time can be saved with just pen and paper. We need to learn to do it more often.

I love whiteboards, they are much better than paper: more space, nice colors, easy to see, very easy to collaborate on, simple redos. That's actually the biggest thing I miss from going into the office: nice huge whiteboards that cover the whole wall, not the little dinky ones that office depot sells for exorbitant prices. I found a solution though: Lowe's sells a 4'x8' sheet of whiteboard for fifteen bucks, now I ha…

Do you have a link to that Lowe's whiteboard sheet?

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

#42

Post by alisonkisk »

infogulch wrote: post #35
kzrdude wrote: post #20

Earlier quoted context omitted.

So much screen-staring time can be saved with just pen and paper. We need to learn to do it more often.

I love whiteboards, they are much better than paper: more space, nice colors, easy to see, very easy to collaborate on, simple redos. That's actually the biggest thing I miss from going into the office: nice huge whiteboards that cover the whole wall, not the little dinky ones that office depot sells for exorbitant prices. I found a solution though: Lowe's sells a 4'x8' sheet of whiteboard for fifteen bucks, now I ha…

I like pencil and paper. Colored pencils are plentiful, and paper is easier to image and share than a whiteboard. You can write smaller on paper and don't get gorrila arms.

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

#43

Post by ComputerGuru »

alisonkisk wrote: post #36
ComputerGuru wrote: post #33

This is somewhat off-topic but I'm going to ask here because it's really hard to find "trusted" information regarding BitCoin and Ethereum mining online - it seems everyone's trying to make a commission or running a scam: Is it true that one cannot (or should not for their best interest) mine BitCoin/Eth without being part of a pool, unless one has a datacenter or warehouse full of GPUs dedicated to mining? If that's…

I think the Universe is telling you something, and you know what it is. Why do you want to be in a mining pool, instead of buying bitcoin?

Hahaha, point taken. Mainly as an experiment to see if heating my home office with an RTX 2080 that's taking a break from ML while I'm busy with other things can generate enough heat while offsetting my electrical bill to be a more cost-effective alternative to the dirt-cheap but terribly inefficient natural gas furnace.

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

#44

Post by bdcravens »

dualvectorfoil wrote: post #5

Unrelated to the algorithm, I’ve found that doing things “by hand” is a surprisingly good way to develop intuition for otherwise opaque concepts. I wonder if it’s a function of doing work more slowly or paying closer attention. Examples include writing code written by others and working through math on paper.

Not exactly the same, but that's why I think the best requirements document is a working Excel spreadsheet.

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

#45

Post by wmf »

ComputerGuru wrote: post #33

This is somewhat off-topic but I'm going to ask here because it's really hard to find "trusted" information regarding BitCoin and Ethereum mining online - it seems everyone's trying to make a commission or running a scam: Is it true that one cannot (or should not for their best interest) mine BitCoin/Eth without being part of a pool, unless one has a datacenter or warehouse full of GPUs dedicated to mining? If that's…

You could solo mine for a long time without finding a block. The math is fairly straightforward: your probability of winning each block is (your hashrate)/(total hashrate). Let's say you have one S19 Pro; that means you have roughly a 1 in 1.6 million chance of winning each block. There are only ~53,000 Bitcoin blocks per year so your chance of getting a block is basically zero.

In theory p2pool is trustless so you don't have to worry about sketchy operators but I don't know if anyone has used it in years.

Slush is the only old-school Bitcoin pool that still seems to be decent sized.

Being used by criminals doesn't mean anything; they want reliable and honest pools just as much as you do.

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

#46

Post by alisonkisk »

jjcon wrote: post #18
dang wrote: post #11

Earlier quoted context omitted.

Edit: I misread the GP, as explained below. Sorry! " Please don't post shallow dismissals, especially of other people's work. A good critical comment teaches us something. " https://news.ycombinator.com/newsguidelines.html

Isn’t that kind of what you are doing by posting that comment? You could respond and explain why you disagree - instead you just shallowly dismissed their comment by saying it was shallow. Also maybe I’m crazy but their comment seemed to be a joke/commentary on the environmental resources used by Bitcoin. That isn’t a shallow dismissal.

Dozens of redundant meme comments aclrss the btc threads aren't helpful.

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

#47

Post by ralph84 »

ComputerGuru wrote: post #33

This is somewhat off-topic but I'm going to ask here because it's really hard to find "trusted" information regarding BitCoin and Ethereum mining online - it seems everyone's trying to make a commission or running a scam: Is it true that one cannot (or should not for their best interest) mine BitCoin/Eth without being part of a pool, unless one has a datacenter or warehouse full of GPUs dedicated to mining? If that's…

Definitely a case of "if you have to ask, it's not for you"

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

#48

Post by infogulch »

jjuel wrote: post #41
infogulch wrote: post #35

Earlier quoted context omitted.

I love whiteboards, they are much better than paper: more space, nice colors, easy to see, very easy to collaborate on, simple redos. That's actually the biggest thing I miss from going into the office: nice huge whiteboards that cover the whole wall, not the little dinky ones that office depot sells for exorbitant prices. I found a solution though: Lowe's sells a 4'x8' sheet of whiteboard for fifteen bucks, now I ha…

Do you have a link to that Lowe's whiteboard sheet?

It's called "Smooth White Wall Panel", but honestly just go with a truck and ask an employee, apparently they're popular. The guy I asked said they even use them in the employee areas in the back. https://www.lowes.com/pd/47-75-in-x-7-98-ft-Smooth-White-Wal...

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

#49

Post by wmf »

ComputerGuru wrote: post #43
alisonkisk wrote: post #36

Earlier quoted context omitted.

I think the Universe is telling you something, and you know what it is. Why do you want to be in a mining pool, instead of buying bitcoin?

Hahaha, point taken. Mainly as an experiment to see if heating my home office with an RTX 2080 that's taking a break from ML while I'm busy with other things can generate enough heat while offsetting my electrical bill to be a more cost-effective alternative to the dirt-cheap but terribly inefficient natural gas furnace.

For that purpose probably just use NiceHash. Sure, there's a probability that you won't get paid but it's basically free money anyway.
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