An IT security researcher has been able to adapt Nintendo’s first major handheld game console to mine cryptocurrency.
According to a recent YouTube video, user Stacksmashing used the hardware from a Nintendo Game Boy first released in 1989 as a starting point to mine Bitcoin (BTC). Because the gaming console has no built-in wireless capabilities — and largely predates the internet — the YouTuber said he used a Raspberry Pi microcontroller board attached to the Game Boy’s link port and a USB flash card to establish a connection to a BTC node run from his computer.
“My goal was to use an original, unmodified Game Boy,” said Stacksmashing. “I want to plug in a cartridge, and start mining.”
Stacksmashing wrote his own mining code for the Game Boy’s read-only memory, integrated mining software — modified for the gaming console — and ran a BTC node on his computer. The result was nonces getting incremented on the console’s green screen, showing the rig was attempting to mine crypto.
“The hash rate is pretty impressive, roughly 0.8 hashes per second,” said Stacksmashing, explaining:
“If you compare that to a modern ASIC miner, which comes in at around 100 Terahashes per second, you can see that we are almost as fast, only off by a factor of roughly 125 trillion. At this rate, it should only take us a couple of quadrillion years to mine a Bitcoin.”
Many crypto enthusiasts have been looking to gaming consoles as a way to mine BTC or other cryptocurrencies for some time, but in general the systems are neither designed nor marketed towards miners. Earlier this month, a Chinese software developer seemed to have pranked the crypto space by claiming to have mined Ether (ETH) using a PlayStation 5. Last year, developers from 1st Playable denied rumors one of its games could be used to hijack Nintendo’s Switch console to mine BTC.
Stacksmashing’s attempts to use an 8-bit gaming console to mine crypto may have been just for the experience, but he has said on Twitter he’s not finished yet. Already the IT security researcher claims to have used Nintendo’s Super Game Boy — an adapter released in 1994 that allows original Game Boy games to be played on the Super Nintendo Entertainment System — to mine BTC in much the same way.
“Obviously, mining Bitcoin on a Game Boy is everything but profitable, but I learned a lot of things while building this, and definitely had a ton of fun.”
Bitcoin Price Analysis: BTC still holds above $60,000, slowly targets $65,000 next week?
- Bitcoin price analysis is bullish today.
- BTC/USD consolidates above $60,000.
- Next significant resistance at $65,000.
Bitcoin price analysis is bullish today as consolidation was formed above $60,000 after a slight retracement yesterday from $62,000. Therefore, we expect BTC/USD to rally again over the next 24 hours and target the $65,000 next week.
The overall market traded mostly in the red over the last 24 hours. The market leader, Bitcoin, lost 0.03 percent, while Ethereum was down 1.54 percent. Meanwhile, Fantom (FTM) is the best performer, with a gain of over 12 percent.
Bitcoin price movement in the last 24 hours: Bitcoin retests $60,000 as support
BTC/USD traded in a range of $60,206.12 – $61,413.82, indicating low volatility over the last 24 hours. Trading volume has declined by 34 percent and totals $28.97 billion, while the total market cap trades around $1.145 billion, resulting in the market dominance of 46.29 percent.
BTC/USD 4-hour chart: BTC prepares for another rally?
On the 4-hour chart, we can see Bitcoin price action forming consolidation above $60,000, likely leading to another push higher next week.
Bitcoin price action has seen strong bullish momentum so far in October. After forming a strong swing low of around $41,000 at the end of September, a push higher was seen on the 1st of October.
BTC/USD reached previous resistance at $48,500 on 2nd of October, while second push higher took BTC to $56,000 on 7th of October. After another several-day consolidation, the third push higher began Wednesday, leading BTC above the $60,000 major price target.
Eventually, the Bitcoin price action briefly spiked above $62,000 on Friday, resulting in a slow retracement since. Over the last 24 hours, a consolidation above $60,000 has been established, indicating that we will likely see another move higher from there.
Bitcoin Price Analysis: Conclusion
Bitcoin price analysis is bullish today as a new local higher low was set over the last 24 hours after a slight retracement yesterday. As long as the $60,000 support holds, we expect BTC/USD to continue moving higher next week.
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Bitcoin Bull Tone Vays Says Pullback Coming – Here’s His New Crypto Outlook
Veteran crypto trader Tone Vays says despite Bitcoin rising very quickly with its daily and weekly charts, a pullback is imminent.
In a recent live stream during the rumored approval announcement of a Bitcoin (BTC) exchange-traded fund (ETF), Vays expects BTC to reach a high of around $62,000 by the 19th of October.ADVERTISEMENT
“We are right on track for what I anticipated in the daily outlook where we top out at approximately $62,000 a the end of this week or early next week. October 19th is where I was looking for that top. So we got about three or four days to go. Especially if we keep going up and up and up.”
In terms of taking profit before any potential pullback – Vays says it depends on whether Bitcoin hits certain targets, noting how it has gone up almost 50% in a matter of weeks.
“It probably is a decent time to take your profit for a pullback because it would have gone up way too far way too quickly. Three weeks ago the price was half of what it is today… we are rising fairly quickly and there will be a pullback… but right now the weekly chart is fully bullish and you still have room.”
Vays says with such a fast rise, there is a higher probability for a fall – predicting a pullback to around $53,000 or $54,000, remaining hopeful with his end-of-year target.
“Bitcoin is looking great I’m still thinking mid-60s for a double top with April, a pullback to maybe mid-50s, and then I still got a shot at being right about that $100,000 at the end of the year. I’m still optimistic.”
Bitcoin Forecast and Analysis October 18 — 22, 2021
Bitcoin BTC/USD ends the trading week at the level of 61394, continues to move in the framework of the growth and the bullish channel. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from the buyers of the asset and the potential continued growth of the asset’s quotes. At the moment, we should expect an attempt to develop a correction and a test of the support area near the level of 50055. Where can we again expect a rebound and a continuation of the rise in the Bitcoin rate with a potential target above the level of 75055.
Bitcoin Forecast and Analysis October 18 — 22, 2021
An additional signal in favor of the growth of BTC/USD quotes in the current trading week on October 18 — 22, 2021 will be a rebound from the upper border of the descending channel. The second signal will be a rebound from the support line on the relative strength index (RSI). Cancellation of the Bitcoin growth option will be a fall and a breakdown of the 42505 area. This will indicate a breakdown of the support area and a continued fall in BTC/USD quotes with a potential target below the level of 30505. Confirmation of the development of the bullish movement will be the breakdown of the resistance area and closing of quotations above the level of 65055.
Bitcoin Forecast and Analysis October 18 — 22, 2021 supposes an attempt at a support area near the level of 50055. Then, the cryptocurrency will continue to rise to the area above the level of 75055. An additional signal in favor of the growth of the Bitcoin rate in the current trading week will be a test of the trend line on the relative strength index (RSI). Cancellation of the option to raise Bitcoin cryptocurrency quotes will be a fall and a breakdown of the 42505 area. In this case, we should expect a continued decline with a target at 30505.