A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

What happens if a supercomputer mines bitcoin?

Best Answers

You can bet that some supercomputers are spending time on Bitcoin mining. Since the overall rate of payout is formulated on a calendar-schedule, the payoff per kilowatt hour consumed is low. A 2014 article by Business Insider claims that supercomp... read more

Expressed in familiar terms--using a supercomputer to mine bitcoin would be the equivalent of buying a $5,000,000 lottery ticket in a pool of 3,000,000 punters for a payoff of $6000 every 10 minutes. Check my math. read more

While mining on hardware designed for processing Bitcoin transactions is the most efficient way to mine Bitcoin, the supercomputer was most likely chosen for its availability and the electrical costs were not paid by the miner. read more

Encyclopedia Research

Wikipedia:

Related Types

Related Question Categories

Image Answers