Creating a low hash rate Bitcoin network with experts

Hey everyone, don’t think I’m losing it, but maybe I kinda am. I’ve got this bitcoin obsession and really want some. But honestly, I don’t think it’s gonna happen like this. What if we formed a small group, like 40 people or so, and set up a budget-friendly version of the Bitcoin network? We could run a few nodes and limit the hash miners, just like Satoshi did back in the day. Let’s mine some sweet blocks together, I just wish I could be part of it. No Bitcoin for me. It might not be worth much, but what do you think? Just a bitcoin dream for the desperate.

You mean a clone with no value whatsoever. There is already a network for you, it's called testnet, and seems like it has only 500Th/s right now, so you could mine not just one but quite a few coins even with an old ASIC that is valued at scrap metal price. Or you could mine some bitcoinclone, since it's clear and you know you can't have the original, a cheap copy will be all you can get this way.

re: Testnet. Keep in mind that any coins mined on it are eventually supposed to be either donated/returned back to the Testnet coin faucets where they are originally generated. For example the one ran by mempool.co Testnet and its coins exist for the sole purpose of testing mining software - not for mining and accumulating Testnet coins. It is expected that after testing is done all coins generated are returned to their source. Folks mining Testnet coins and then hanging onto/selling them is why it's up to v4 or such. To stop that each version makes the older ones unusable on Testnet. As for making a clone coin it also must be said that you would be creating yet another worthless altcoin - it cannot/wouldNOT be "Bitcoin". BTC is 1 specific crypto coin and in-turn 1 specific protocol and blockchain, period. "Bitcoin" not a generic term for any other crypto coin including those that do use sha256... That said, coming up with your own coin just for the heck of it can be fun. Something like five thousand or more altcoins have been created just for that sole purpose. Heck, a couple including of course Dogecoin are even worth something. Given that fact this thread belongs in the altcoin areas of the Forum or at best the General Bitcoin Discussion area - not here in the BTC-only areas- so expect the mods to move it.

I didn't know about this network, now I can see if my miner can get the mined block and make my heart happy. I'm a human, just move all the big transactions yourself. Fairness is also a good thing.