Bells Resurrection: A Tribute to the Era of Home Mining (A Brief Night)

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0xAyA
6 months ago
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Nowadays, it is difficult for ordinary computer mining to recover the electricity bills.

Original - Odaily

Edit - 0xAyA

Bells Resurrection: A Tribute to the Era of Home Mining (A Brief Night)

Is anyone still using a home computer to mine today in 2023? The answer is of course no. Today, when professional miners and mining machines are everywhere, using a laptop to try to mine Bitcoin and other POW currencies is more of a performance art that pays homage to the past than an economic consideration - after all, maybe I cant even get my electricity bill back.

But this retro behavior has been revived recently.

On December 5, as the 10th anniversary of the birth of Dogecoin was approaching, two passers-by found a tweet posted by Billy Markus, the co-founder of Dogecoin, in 2013, and the cryptocurrency he created at that time. Monetary Items - Bells. Then they came up with a bold idea - they contacted another developer of the LTC ecosystem and tentatively asked if they could resurrect the project on this special day.

The developer nailed the code in a very short period of time, and the project came to life.

Interestingly, due to its age, the mining pool that originally provided services for this coin has long since disappeared in the long river of time. The entire chain has also stopped producing blocks, and there is almost no computing power to stay on this abandoned facility-this means , even with the CPU computing power of an ordinary home computer, you can easily mine coins.

Bells Resurrection: A Tribute to the Era of Home Mining (A Brief Night)

The design mechanism of Bells is very interesting. Between each set of prescribed blocks, the coins mined by miners are random, rather than having a fixed harvest like other POWs. If two computers with the same configuration are connected to the wallet for mining at the same time, the results may be very different. If you are lucky, you can directly mine 10,000 coins at a time, but if you are unlucky, you can only get basic income.

Bells Resurrection: A Tribute to the Era of Home Mining (A Brief Night)

Download wallets, synchronize blocks, start mining - everything has gone back to more than ten years ago. More people have participated in this mining operation, and various off-site OTC groups have been established almost at the same time.

Bells Resurrection: A Tribute to the Era of Home Mining (A Brief Night)

But the advancement of computing power is faster than expected. In just one night, the mining army completed the transformation from CPU to GPU to professional mining machines. F2Pool even announced its support for Bells, which means that this chain has a mining pool service again - so far, this mining game has completely transformed from a nostalgic retro sport into a professional competition that is no different from other POW mining.

Bells Resurrection: A Tribute to the Era of Home Mining (A Brief Night)

Currently, the price of Bel tokens outside the market is close to 4 USDT. At this price, those who rushed in early to participate in the experiment received considerable rewards.

As more and more professional miners join, can Bells maintain its current momentum and continue to develop? Will there be a similar POW boom?

Its hard in a bear market. But given the recent FOMO sentiment, we retain this possibility.

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