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Title: Looking to find the threshold.. Post by: omegaaf on August 31, 2012, 01:54:49 AM I am a bit of a mathematical mind, and I wish to find the threshold/point of intersection where an average Mh/s / Gh/s to realworld currency.
So.. how many hashes does it require to make 1 bitcoin? And yes, for those who are curious, I will post the equations and graphs after I am done. Title: Re: Looking to find the threshold.. Post by: DeathAndTaxes on August 31, 2012, 01:59:16 AM It takes on average (difficulty)*2^32 hashes to solve a block.
A block is worth the block reward (currently 50 BTC + <1 BTC in tx fees. Thus avg hashes per 1 BTC = (difficulty)*2^32 / 50 BTC. You can't compare MH/s (which is a rate, MegaHashes per second) to BTC (which is a fixed amount). One involves time. You can multiply MH/s by 1 second and get hashes in a second and thus the BTC in a second. More usefully you can take the MH/s * 60*60 * 24 to get the hashes in one day and then determine the avg BTC earned in one day. Title: Re: Looking to find the threshold.. Post by: Fiyasko on August 31, 2012, 02:16:53 AM It takes on average (difficulty)*2^32 hashes to solve a block. Your accurate math strains my brainA block is worth the block reward (currently 50 BTC + <1 BTC in tx fees. Thus avg hashes per 1 BTC = (difficulty)*2^32 / 50 BTC. You can't compare MH/s (which is a rate, MegaHashes per second) to BTC (which is a fixed amount). One involves time. You can multiply MH/s by 1 second and get hashes in a second and thus the BTC in a second. More usefully you can take the MH/s * 60*60 * 24 to get the hashes in one day and then determine the avg BTC earned in one day. http://sphotos-b.xx.fbcdn.net/hphotos-snc7/c45.0.403.403/p403x403/399698_401419963244368_28830797_n.jpg Title: Re: Looking to find the threshold.. Post by: Stephen Gornick on August 31, 2012, 05:24:35 AM It takes on average (difficulty)*2^32 hashes to solve a block. Related: - http://en.bitcoin.it/wiki/Difficulty#What_network_hash_rate_results_in_a_given_difficulty.3F Title: Re: Looking to find the threshold.. Post by: every1pewps on September 03, 2012, 12:54:08 AM At current difficulty, it takes ~52,000 shares to make 1 BTC at BTCguild, which charges 5% for PPS.
To make 52,000 shares daily, you need ~2,650MH/s/24hours. Hope this helps. |
