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| Re: Mining Bitcoin on an Apple II, a highly impractical guide [message #386048 is a reply to message #386042] |
Wed, 14 August 2019 19:48   |
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Originally posted by: Frank M.
On Wednesday, August 14, 2019 at 11:44:41 AM UTC-7, Charles Mangin wrote:
>
> TL;DR: Mining Bitcoin on a 1MHz 8-bit processor will cost you more than the world’s combined economies, and take roughly 256 trillion years.
Sounds like you underestimate how many Apple IIs I have in the basement. I could easily knock several trillion years off your estimate.
f
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| Re: Mining Bitcoin on an Apple II, a highly impractical guide [message #386056 is a reply to message #386048] |
Wed, 14 August 2019 22:27 |
Egan Ford
Messages: 304
Registered: October 2012
Karma: 0
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Senior Member |
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On 8/14/19 5:48 PM, Frank M. wrote:
> On Wednesday, August 14, 2019 at 11:44:41 AM UTC-7, Charles Mangin wrote:
>>
>> TL;DR: Mining Bitcoin on a 1MHz 8-bit processor will cost you more than the world’s combined economies, and take roughly 256 trillion years.
>
>
>
>
> Sounds like you underestimate how many Apple IIs I have in the basement. I could easily knock several trillion years off your estimate.
> f
>
I'll put in a machine or two, where's the 8bitcoin mining pool?
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| Re: Mining Bitcoin on an Apple II, a highly impractical guide [message #386057 is a reply to message #386056] |
Wed, 14 August 2019 23:15 |
mrbrad
Messages: 85
Registered: January 2013
Karma: 0
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On 8/14/2019 9:27 PM, Egan Ford wrote:
> On 8/14/19 5:48 PM, Frank M. wrote:
>> On Wednesday, August 14, 2019 at 11:44:41 AM UTC-7, Charles Mangin wrote:
>>>
>>> TL;DR: Mining Bitcoin on a 1MHz 8-bit processor will cost you more
>>> than the world’s combined economies, and take roughly 256 trillion
>>> years.
>>
>>
>>
>>
>> Sounds like you underestimate how many Apple IIs I have in the
>> basement. I could easily knock several trillion years off your estimate.
>> f
>>
>
> I'll put in a machine or two, where's the 8bitcoin mining pool?
Some folk on this comp.sys.apple2 thread seem to get Bitcoin/Crypto
/Mining/HODL'ing/etc. How widespread in the Apple II thread does
this go?
Anyone else retired on Crypto like me? (Mining from 2013 onward) :)
Curious, on how much legacy techno nerds have projected into future
Crypto techno nerds. Perhaps we owe it all to the Apple ][.
brad
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| Re: Mining Bitcoin on an Apple II, a highly impractical guide [message #386065 is a reply to message #386057] |
Thu, 15 August 2019 17:13 |
scott
Messages: 4237
Registered: February 2012
Karma: 0
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Senior Member |
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In article <qj2io1$rku$1@dont-email.me>, mrbrad <lostgonzo@gmail.com> wrote:
> Anyone else retired on Crypto like me? (Mining from 2013 onward) :)
Maybe if I hadn't blown the 50 BTC my VPS had CPU-mined on mining equipment
6 years ago. I got about $650 at the time, and spent it on a GPU and some
of the first ASICs to try to make it back. I think most of the proceeds
ended up buying more ASIC miners, but never enough to really pull ahead. If
I'd just held it, that 50 BTC would be worth a half-million right now.
Tried again a couple years ago, this time with GPUs mining altcoins at
exchanges that auto-trade your proceeds to Bitcoin. I made my money back in
about a year, but four GeForce 1070s in a small condo puts a year-round
strain on your A/C and your electric bill.
Maybe if I could run mining rigs outside (but protected from the weather)
and power them off a solar array or some other cheaper source of power than
the 11¢/kWh I'm currently paying...
_/_
/ v \ Scott Alfter (remove the obvious to send mail)
(IIGS( https://alfter.us/ Top-posting!
\_^_/ >What's the most annoying thing on Usenet?
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