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It may be common knowledge that mining Bitcoin (BTC) requires a lot of energy and computing power, but that hasn’t deterred someone online from trying to do it in the 80s era. Nintendo Co, Ltd (OTC: NTDOY) GameBoy console running on two AA batteries.
What happened: Stacksmashing, information technology researcher and content creator on Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) YouTube, bundled its Game Boy with a Raspberry Pi Pico and Game Boy Link cable to make it a nifty little Bitcoin miner.
The device, first released in April 1989, communicated with the Stacksmashing computer running the mining software through the installation.
The researcher managed to achieve what he called an “impressive” 0.8 hashes per second using the kit.
“If you compare this to a modern ASIC [application-specific integrated circuit] miner, which comes in at around 100 tera hashes per second, you can see we’re almost as fast, only by a factor of around $ 125 trillion, ”Stacksmashing said in the video.
“At this rate, it should only take us a few quadrillion years to mine a bitcoin.”
Why is this important: Stacksmashing referred to Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s announcement regarding accepting Bitcoin as a motivator to mine cryptocurrency on his Game Boy.
Interestingly, the YouTuber also jokingly noted the GPU shortage in the video.
Nvidia Corporation (NASDAQ: NVDA) has tried to discourage the use of its GPUs for mining cryptocurrency.
The rival Advanced Micro Devices, Inc (NASDAQ: AMD) on the other hand has not put any restrictions on mining using its GPUs.
See also: Ethereum, Dogecoin, and other cryptocurrencies you can ‘create’ using your laptop
While BTC currently requires powerful ASIC miners, Ethereum (ETH) can be mined with sufficiently powerful GPUs, which led to a joke from a Chinese software developer that he was mining ETH using Sony Corporation (NYSE: SNE) latest PlayStation 5 console.
BTC traded 1.31% lower at $ 55,446.02 at press time, while ETH traded 1.44% lower at $ 1,690.26.
Price action: Nintendo shares closed 2.78% higher at $ 73.12 on Friday.
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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