[tech] Someone Tried to Mine Bitcoin on a 1960s Punchcard Computer … Unsurprisingly, retro-computing and Bitcoins don’t mix … ‘He wrote out code for running the algorithm on 85 executable assembly punch cards, put the cards into the computer (manually), and fired her up. It started solving an old hash from a successfully mined block of Bitcoin—very, very slowly. “To mine a block at current difficulty, the IBM 1401 would take about 5×10^14 years (about 40,000 times the current age of the universe). The electricity would cost about 10^18 dollars. And you’d get 25 bitcoins worth about $6000,” he wrote.’

Mining Bitcoins on 1960s Punchcard Computer

This entry was posted on Monday, June 1st, 2015 at 12:46 pm and is filed under Tech.

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