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Bitcoin networks surpasses 2^80 hashes per week
- To: Ryan Carboni <[email protected]>
- Subject: Bitcoin networks surpasses 2^80 hashes per week
- From: [email protected] (Joseph Birr-Pixton)
- Date: Mon, 8 Dec 2014 11:23:39 +0000
- Cc: [email protected]
- In-reply-to: <CAO7N=i14U5NpZz2OgWGjpzMD0m5HN-TK2sDrwYqH332_2HbVFA@mail.gmail.com>
- References: <CAO7N=i14U5NpZz2OgWGjpzMD0m5HN-TK2sDrwYqH332_2HbVFA@mail.gmail.com>
On 8 December 2014 at 10:40, Ryan Carboni <[email protected]> wrote:
> https://blockexplorer.com/q/hashestowin
> log(171833398380382098659*24*60*7)/log(2)
I think your calculation is slightly off. hashestowin is the average
number of hashes you need to perform to win the current block. It's
not necessarily the case that a block is calculated each second: in
fact one is found (on average) each 625 seconds[1].
So that gives:
>>> log(171833398380382098659*24*60*7/625)/log(2)
71.23
Cheers,
Joe
[1] https://blockexplorer.com/q/interval