These miners use anything to mine Bitcoin before a specialized mining machine. Learn about some of the wackiest ways to mine crypto.
Throughout the history of Bitcoin, enthusiasts from all over the world have been looking for very creative ways to mine the flagship cryptocurrency. Old video game consoles, obsolete computers and even cars have been used by some people to extract Bitcoin. The truth is that, apparently, there are many devices that can function as miners.
This week, an electric car owner Tesla revealed how he had hacked the vehicle to mine various cryptocurrencies. Similarly, a youtuber had shared last year how he had turned his game boy of more than 30 years in a miner of Bitcoin very very slow. Most of the alternative methods are very ineffective, but they are certainly very rare.
It should be noted that it is understood by mining of Bitcoin to the process that consists of solving complex mathematical calculations for the extraction of new coins. Mining requires computers with high computing power that often consume a lot of energy.
Learn about some of the most unusual and wacky methods people have used to mine Bitcoin:
1. 1989 Game Boy
A game boy 33 years old can mine Bitcoin. Last year, the youtuber ‘Stacksmashing’ posted a video on his channel where he described how he had altered the the brand’s first handheld game console Nintendo, originally launched in 1989, to be converted into a mining machine powered by four double A batteries.
After a lot of engineering, he managed to make the game boy process 0.8 hashes per second, a very small speed compared to the 100 terahashes per second (TH/s) reached by specialized equipment. Mining power is so out of date that it would take at least several quadrillion years for the console to mine a single Bitcoin.
Although it would take more than the estimated time that the mining of Bitcoin, which is expected to end with the mining of the last coin in the year 2140, Stacksmashing proved that the use of the discontinued game console was a “possible” method.
2. Retro game consoles
other models of Nintendo they have also been used in the past to mine cryptocurrency. During the first years of Bitcoin, an amateur miner carried out an ingenious project that showed that a gaming console Nintendo Entertainment System (NES) 1985, could be used as equipment to mine the main cryptocurrency.
The project, which was carried out in 2013, also took advantage of a raspberry pi (a series of single board computers) and marked the first time anyone had brought the crypto mining process to a third-generation game console. However, even at that time, when the mining difficulty was much lower and when the mining reward was four times higher, the process turned out to be too slow and inefficient to effectively mine a coin. Bitcoin.
3. Discontinued computers
A few years ago, Ken Shirriff, an engineer who is fond of retro computers, carried out several experiments on mining Bitcoin. Shirriff was able to show that some old machines could be put to good use when he converted a popular computer Xerox High from the 1970s on a mining device.
The experiment, which was carried out in 2018, saw the computer built in the seventies extract bitcoin at 1.5 hashes/second, a fairly slow speed and would require a time of “5000 times the age of the universe” to mine a single block, as explained by Shirriff himself in a blog post.
Although today discontinued, Xerox High It was a computer classic at the time. The computer is well known for being the first device to support a graphical user interface (GUI) in 1973.
4. Electric vehicles
More recently, it has been discovered that some electric cars can also be altered to function as mining machines. the owner of a Tesla Model 3, Siraj Raval, revealed a few days ago to CNBC that he had hacked his vehicle to make him mine cryptocurrencies. The owner assured that, using the car battery, he can earn up to USD $800 per month mining Bitcoin Y ethereum.
Some have questioned Raval’s claim, arguing that it’s not worth wearing out a car costing more than $40,000 that way. However, he is not the first who has thought of mining crypto with an electric car.
Daymak, a company specializing in batteries and electric vehicles, advertisement last year that it is developing what it claims will be the world’s first crypto-mining car. The light electric vehicle (LEV), called spirits, will come equipped with mining hardware and promises to mine digital currencies like Bitcoin Y Dogecoin while charging. The car is expected to go on the market in 2023.
The battery brand is not the only one to announce an unusual device for mining crypto. As digital currencies have become more widely adopted, many proposals have emerged that promise to bring this technology into more everyday realms.
In 2018, when Bitcoin and cryptocurrencies experienced their first big explosion in popularity, a project promised to bring to market an electric toothbrush that would mine cryptocurrencies. The Chinese start-up 32 Teeth said that it would reward its users with a token for their mouth cleaning. It also promised to take advantage of other technologies such as augmented reality, big data and facial recognition.
As absurd as it may sound, the project managed to capture the attention of the news media; although since then there has been no further information on that initiative. most likely 32 Teeth that has been forgotten after the regulation of initial coin offerings (ICO). The truth is that the project undoubtedly shed light on another device that could potentially be used to mine digital currencies: a toothbrush.
6. Pencil and paper
What if you didn’t need computing power to mine cryptocurrencies? According to Shirriff there is an artifact as old as man that can be used to mine Bitcoin: the mind. Among the engineer’s most daring and extravagant experiments, Shirriff showed that it is even possible to mine cryptocurrency using a pencil, paper and lots of math.
In a blog post, explained that the SHA-256 algorithm used for mining Bitcoin can be done by hand. Shirriff claims to have achieved a speed of 0.67 hashes per day (for comparison, his experiment with game boy it took 0.8 hashes per second). Although incredibly impractical and slow by a factor of several quintillions relative to mining hardware, the engineer believes that this is actually a creative and different way to understand how crypto-mining works.
No, they are not effective – but they are creative
Even with modern and specialized equipment, mining cryptocurrencies like Bitcoin it can represent a slow and highly complex process. The profitability of miners depends on a number of factors, including mining difficulty, hash rate, and mining price. Bitcoin for the time of the activity.
To this are added agents such as the cost of energy and the number of mining machines that are connected to the network at a given time, competing with each other to extract a block.
According to the tool Coinwarz, which calculates mining profitability from data such as hash rate, power consumption and electricity costs, it would currently take a high-end ASIC miner more than 1,500 days to mine a Bitcoin.
It should be noted that as Bitcoin becomes scarcer, the difficulty of extracting new coins increases. Currently, 90% of the total of 21 million bitcoin that they will exist; that is, there is only 10% left, or just over 2 million, to be mined.
However, despite the fact that it does not generate any kind of profit and is inefficient, some people still use old computers, retro machines and other unusual devices to mine. Bitcoin as a form of entertainment or even experimentation.
Article by Hannah Estefanía Pérez / DailyBitcoin
Unsplash image edited