Bitcoins are mined using a cryptographic algorithm called SHA-256. This algorithm is simple enough to be done with pencil and paper, as I show in this video. Not surprisingly, this is a thoroughly impractical way to mine. One round of the algorithm takes 16 minutes, 45 seconds which works out to a hash rate of 0.67 hashes per day.

---

C, P, T, O

Resteem Crypto Ideas!!!

⇦_{BTC Tips}

... You may also be interested:

• Why Did Segwit Activation ♨ On Bitcoin Cause LiteCoin To Jump 📈 In Price To $50? (The Cryptoverse)

• 2 New Ways To Profit 📈 From Kexcoin - Real Estate Property Profit Opportunity And ICO (Cryptoverse)

• Twitter 🐦 On The Blockchain - Decentralised Censorship 📣 Resistant and Open To U.S. 🇺🇸 Investors

• Introducing BlockCAT 😻 - The Wallmart 🛍 Of Ethereum Smart Contracts 📰 (The Cryptoverse)

• Bitcoin Cash SMASH! 🔼56% / TenX 🔽18% / NEO 🔽14% / Binance 🔼66% / Cryptocurrency Chart 📈 Reading

• Dash 🔼18% All Time High / NEO 🔽10% / IOTA 🔼17% / OmiseGO 🔽10% / Bitcoin Altcoin Price Charts 📈

---

---