Core Scientific director says 15,000-hour effort to crack BTC security failed

Core Scientific director Jeff Booth said an IT professional with about 20 years of experience spent roughly 15,000 hours trying to break Bitcoin’s network security but ultimately failed, according to BeInCrypto. Booth, a director at crypto miner Core Scientific (NASDAQ: CORZ) and a founding partner at Bitcoin ecosystem-focused venture firm Ego Death Capital, said in a recent interview he was not a Bitcoin believer from the outset. Booth said Booth questioned whether a decentralized system designed as a solution to state abuses of power could endure, then ran a node and modeled attack methods that could be used by governments, competitors, and large mining companies. After spending more than 15,000 hours trying to find a way to break Bitcoin’s security, Booth said every scenario still produced blocks as scheduled and the attacks failed.