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Topic: Is it Possible To Mine Bitcoin with Supercomputer? - page 3. (Read 605 times)

hero member
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Merit: 551
Old news, as early as 2017 if I'm not mistaken, reports surfacing that some Russian scientist are already mining bitcoin with their super computers (Illegally). So it's pretty obvious that the answer is yes. However, he has been caught and put to jail as well. So it is worth it trying to harness their super computer to mine bitcoin? I don't think so.
sr. member
Activity: 2436
Merit: 455
Common sense is the only one you need, I mean if we can mine bitcoin using normal computers, so what more having a super one Smiley

just being straight forward to end this nonsense.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
They are going to get some serious jail time because this was a huge security infringement and would have been able to compromise the security of the entire nuclear facility and it would have been disastrous.

They did all get any jail time, two got away with only fines, and I'm sure that the main culprit will get pretty soon out of jail, they are too valuable to be sent to jail, Russia is desperate enough to keep scientists from fleeing they will overlook such an incident. Also, it seems they were mining actually, as ethereum ethminer is mentioned in the court documents and they did so in June-Sep 2017, during the first eth boom.


Mining bitcoin at this time or in future with supercomputer or any other device than ASIC miners is a waste of time, if have a computer with a lot of GPU can worth a try to mine other crypto coins and exchange them for bitcoin.

Really?
Do you think that a couple of GPUs would outpower a supercomputer? lol...
Summit has 27,648 Nvidia Tesla V100 GPUs  Grin




sr. member
Activity: 1554
Merit: 334
These Russians were jailed for attempting to mine bitcoin at a nuclear facility. Would they really have gotten coins mining with a supercomputer? https://www.cryptoinfowatch.com/russian-nuclear-engineer-jailed-for-mining-bitcoin-at-work/
Replying to the original question, it's possible that supercomputer could mine bitcoin, but it's not profitable, and not significantly faster that current mining rigs. Current hash rates would not be that much affected. The chips used in supercomputers are designed for other purposes and ASICs are much better at hash cryptography, much lesser electrical power and cooling needed. The lower the cost, the higher the profit.
hero member
Activity: 952
Merit: 513
These Russians were jailed for attempting to mine bitcoin at a nuclear facility. Would they really have gotten coins mining with a supercomputer? https://www.cryptoinfowatch.com/russian-nuclear-engineer-jailed-for-mining-bitcoin-at-work/

In the article you qouted there was no mention of the supercomputer be able to mine some bitcoins. But here on this site https://www.hpcwire.com/2019/10/02/bitcoin-mining-on-russian-nuclear-supercomputer/ you can actually read that they have mined some currency before they are caugth. The thing is that the amount of coins they have successfully mined have not been disclosed.
Are you sure they used the supercomputers at a nuclear facility to mine crypto-currencies? I thought they used the free nuclear power there to power some rigs and then were able to make pretty decent profits of a free power source.

It depends what you are classifying as a supercomputer, because frankly speaking, they don't really exist yet, with the most effective mining machines being powerful GPU intensive PC's, or specific mining cards, or even a regular asic miner.

They aren't really a huge step up compared to the other machines out there.
hero member
Activity: 1414
Merit: 516
Mining bitcoin at this time or in future with supercomputer or any other device than ASIC miners is a waste of time, if have a computer with a lot of GPU can worth a try to mine other crypto coins and exchange them for bitcoin.
sr. member
Activity: 868
Merit: 266
These Russians were jailed for attempting to mine bitcoin at a nuclear facility. Would they really have gotten coins mining with a supercomputer? https://www.cryptoinfowatch.com/russian-nuclear-engineer-jailed-for-mining-bitcoin-at-work/
I am sure they would have stopped if they weren't getting any cryptocoins or if the whole coin mining wasn't profitable in the first place. They are going to get some serious jail time because this was a huge security infringement and would have been able to compromise the security of the entire nuclear facility and it would have been disastrous.
sr. member
Activity: 644
Merit: 264
Aurox
These Russians were jailed for attempting to mine bitcoin at a nuclear facility. Would they really have gotten coins mining with a supercomputer? https://www.cryptoinfowatch.com/russian-nuclear-engineer-jailed-for-mining-bitcoin-at-work/

In the article you qouted there was no mention of the supercomputer be able to mine some bitcoins. But here on this site https://www.hpcwire.com/2019/10/02/bitcoin-mining-on-russian-nuclear-supercomputer/ you can actually read that they have mined some currency before they are caugth. The thing is that the amount of coins they have successfully mined have not been disclosed.
member
Activity: 291
Merit: 19
If there's something to be written...
These Russians were jailed for attempting to mine bitcoin at a nuclear facility. Would they really have gotten coins mining with a supercomputer? https://www.cryptoinfowatch.com/russian-nuclear-engineer-jailed-for-mining-bitcoin-at-work/
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