Forget fancy ASIC's, I suggest we go back to basics mining with bits of paper and a pencil.
At a stunning 16 minutes per manual hash for SHA256 and 100 terra hashes = 1 btc per 24 hours
1 bitcoin = 16 minutes * 8.64 * (10 ^ 18)
1 bitcoin = 1.38 * (10 ^ 20) minutes = 2.63 * (10 ^ 14) years = 263000000000000 years
length of historical universe = 12 billion years
so 21917 entire universe existences per 1 bitcoin,
and 0.000046 bitcoins per 1 universe time since the big bang.
The length of the universe is about 12 billion old, so if you started just after the big bang, you would mine only out 46 micro bitcoins since time began (at current difficulty and not allowing for coffee breaks)
Wonder how long an X11 hash would take then ?
http://gizmodo.com/mining-bitcoin-with-pencil-and-paper-1640353309
At a stunning 16 minutes per manual hash for SHA256 and 100 terra hashes = 1 btc per 24 hours
1 bitcoin = 16 minutes * 8.64 * (10 ^ 18)
1 bitcoin = 1.38 * (10 ^ 20) minutes = 2.63 * (10 ^ 14) years = 263000000000000 years
length of historical universe = 12 billion years
so 21917 entire universe existences per 1 bitcoin,
and 0.000046 bitcoins per 1 universe time since the big bang.
The length of the universe is about 12 billion old, so if you started just after the big bang, you would mine only out 46 micro bitcoins since time began (at current difficulty and not allowing for coffee breaks)
Wonder how long an X11 hash would take then ?
http://gizmodo.com/mining-bitcoin-with-pencil-and-paper-1640353309
Last edited by a moderator: