bitcoin

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Hackaday Links: February 16, 2025

February 16, 2025 by 22 Comments

Just when you thought the saga of the Bitcoin wallet lost in a Welsh landfill was over, another chapter of the story appears to be starting. Regular readers will recall the years-long efforts of Bitcoin early adopter James Howells to recover a hard drive tossed out by his ex back in 2013. The disk, which contains a wallet holding about 8,000 Bitcoin, is presumed to be in a landfill overseen by the city council of Newport, which denied every request by Howells to gain access to the dump. The matter looked well and truly settled (last item) once a High Court judge weighed in. But the announcement that the Newport Council plans to cap and close the landfill this fiscal year and turn part of it into a solar farm has rekindled his efforts.

Howells and his investment partners have expressed interest in buying the property as-is, in the hopes of recovering the $780 million-ish fortune. We don’t think much of their odds, especially given the consistently negative responses he’s gotten over the last twelve years. Howells apparently doesn’t fancy his odds much either, since the Council’s argument that closing the landfill to allow him to search would cause harm to the people of Newport was seemingly made while they were actively planning the closure. It sure seems like something foul is afoot, aside from the trove of dirty diapers Howells seeks to acquire, of course.

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Hackaday Links: January 19, 2025

January 19, 2025 by 8 Comments

This week, we witnessed a couple of space oopsies as both Starship and New Glenn suffered in-flight mishaps on the same day. SpaceX’s Starship was the more spectacular, with the upper stage of the seventh test flight of the full stack experiencing a “rapid unscheduled disassembly” thanks to a fire developing in the aft section of the stage somewhere over the Turks and Caicos islands, about eight and a half minutes after takeoff from Boca Chica. The good news is that the RUD happened after first-stage separation, and that the Super Heavy booster was not only able to safely return to the pad but also made another successful “chopsticks” landing on the tower. Sorry, that’s just never going to get old.

On the Bezos side of the billionaire rocket club, the maiden flight of Blue Origin’s New Glenn ended with the opposite problem. The upper stage reached orbit, but the reusable booster didn’t make it back to the landing barge parked off the Bahamas. What exactly happened isn’t clear yet, but judging by the telemetry the booster was coming in mighty fast, which may indicate that the engines didn’t restart fully and the thing just broke up when it got into the denser part of the atmosphere.

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Hackaday Links: September 29, 2024

September 29, 2024 by 16 Comments

There was movement in the “AM Radio in Every Vehicle Act” last week, with the bill advancing out of the US House of Representatives Energy and Commerce Committee and heading to a full floor vote. For those not playing along at home, auto manufacturers have been making moves toward deleting AM radios from cars because they’re too sensitive to all the RF interference generated by modern vehicles. The trouble with that is that the government has spent a lot of effort on making AM broadcasters the centerpiece of a robust and survivable emergency communications system that reaches 90% of the US population.

The bill would require cars and trucks manufactured or sold in the US to be equipped to receive AM broadcasts without further fees or subscriptions, and seems to enjoy bipartisan support in both the House and the Senate. Critics of the bill will likely point out that while the AM broadcast system is a fantastic resource for emergency communications, if nobody is listening to it when an event happens, what’s the point? That’s fair, but short-sighted; emergency communications isn’t just about warning people that something is going to happen, but coordinating the response after the fact. We imagine Hurricane Helene’s path of devastation from Florida to Pennsylvania this week and the subsequent emergency response might bring that fact into focus a bit.

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Home Heating With Bitcoin Miners Is Now A Real Thing

May 13, 2023 by 63 Comments

If you were reading this post a month ago, you could have been forgiven for thinking it was an April Fools post. But we assure you, this is no joke. A company called HeatBit has recently opened preorders for their second generation of Bitcoin miner that doubles as a space heater.

The logic goes something like this: if you’re going to be using an electric space heater anyway, which essentially generates heat by wasting a bunch of energy with a resistive element, why not replace that element with a Bitcoin miner instead? Or at least, some of the element. The specs listed for the HeatBit Mini note that the miner itself only consumes 300 watts, which is only responsible for a fraction of the device’s total heat output. Most of the thermal work is actually done by a traditional 1000 watt heater built inside the 46 cm (18 inch) tall cylindrical device.

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Tiny Bitcoin Miner Plays The Lottery

May 13, 2023 by 113 Comments

Usually when we think of Bitcoin miners, we imagine huge facilities of server racks doing nothing but essentially wasting energy, all for the chance that one of those computers amongst the rows will stumble upon the correct set of numbers to get rewarded with imaginary money. The idea being that the more computers, the more chances to win. But just buying one lottery ticket is the only thing technically required to win, at least in theory. And [Data Slayer] is putting this theory to the test with this Bitcoin miner built around a single Raspberry Pi.

This tiny Raspberry Pi Zero does get a little bit of support from an Ant Miner, a USB peripheral which is optimized to run the SHA256 hashing algorithm and solve the complex mathematical operations needed to “win” the round of Bitcoin mining. Typically a large number of these would be arrayed together to provide more chances at winning (or “earning”, to use the term generously) Bitcoin but there’s no reason other than extreme statistical improbability that a single one can’t work on its own. The only other thing needed to get this setup working is to give the Pi all of the configuration information it needs such as wallet information and pool information.

This type of miner isn’t novel by any means, and in fact it’s a style of mining cryptocurrency called “lottery mining” where contributing to a pool is omitted in favor of attempting to solve the entire block by pure random chance alone in the hopes that if it’s solved, the entire reward will be claimed by that device alone. In the case of this device, the current hash rate calculated when it was contributing to a pool means that when lottery mining, it has about a one-in-two-billion chance of winning. That’s essentially zero, which is basically the same chance of winning a lottery that pays out actual usable currency.

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Hackaday Links: April 9, 2023

April 9, 2023 by 17 Comments

When it comes to cryptocurrency security, what’s the best way to secure the private key? Obviously, the correct answer is to write it on a sticky note and put it on the bezel of your monitor; nobody’ll ever think of looking there. But, if you’re slightly more paranoid, and you have access to a Falcon 9, you might just choose to send it to the Moon. That’s what is supposed to happen in a few months’ time, as private firm Lunar Outpost’s MAPP, or Mobile Autonomous Prospecting Platform, heads to the Moon. The goal is to etch the private key of a wallet, cheekily named “Nakamoto_1,” on the rover and fund it with 62 Bitcoins, worth about $1.5 million now. The wallet will be funded by an NFT sale of space-themed electronic art, because apparently the project didn’t have enough Web3.0 buzzwords yet. So whoever visits the lunar rover first gets to claim the contents of the wallet, whatever they happen to be worth at the time. Of course, it doesn’t have to be a human who visits.

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Buzzword Bingo Bitcoin Burial Burrowing Blueprint Balked At By Bureaucracy

August 4, 2022 by 46 Comments

Many of you will at some time have heard the unfortunate tale of [James Howells], a Welsh IT worker who threw away a hard drive containing 8,000 Bitcoin back in 2013. Over the years he’s hatched various schemes to persuade his local council to let him dig up the landfill where it’s reputed to be buried, and every time he’s been rebuffed. Despite the fall in the price of cryptocurrencies he’s back with another. With the added spice of AI and robot dogs alongside the cryptocurrency angle, it reads like a buzzword bingo card and adds a whole new meaning to “Bitcoin mining”. Seemingly despite generous offers the local council are still not keen on letting him dig for the drive.

We can’t help feeling sorry for the guy — after all, in the early days of cryptocurrency the coins were a worthless curiosity so it’s not impossible there are readers with similar stories. But we’re curious how well the drive will have survived its 9-year interment even if the AI robot arm and robot dog security would ensure its recovery. With that much cash at stake the best in the data recovery business will no doubt be unleashed on whatever remains they might recover, but in the unfriendly environment of a festering landfill we’d be curious as to whether chemical action might have corroded the platters to the point at which nothing might remain. Wales has a high rainfall unlike the American southwest, so we doubt it would survive as well as an Atari cartridge.

Meanwhile, tell us your cryptocurrency might-have-beens in the comments.

Landfill Site sign by Geographer, CC BY-SA 2.0.