How to Mine Unlimited Bitcoin With Only $1

4 months ago
34

Turns out you can mine Bitcoin with pencil and paper. Let's find out how long it takes?

So even though right now a Bitcoin costs about $100,000 dollars, this side hustle is weirdly unpopular. But the algorithm for mining Bitcoin is actually relatively straightforward. You don't actually "need" tons of expensive hardware. After all, back in the day, a "calculator" was an actual human job. NASA employed tons of them for space projects.

But Bitcoin isn't even rocket science, so here's what you can do.

One round of the algorithm would takes me about 17 minutes. Which means if I locked in, it would take 36 hours to complete a hash. But that's not a Bitcoin. Each hash has a 1 in 140 quintillion chance of being successful. So you'd have better luck picking out the right grain of sand, out of all the grains of sand on Earth.

Sources: https://youtu.be/nWeCJTyho8Y?si=LvS_QjGz-t6Qvju3&t=20
https://www.youtube.com/watch?v=y3dqhixzGVo https://www.youtube.com/shorts/MrOge-JV5EI

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