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Title: New address which is already in use? Post by: JetRX on August 16, 2015, 01:37:47 PM What is the probability to generate a new address which is already in use?
Title: Re: New address which is already in use? Post by: achow101 on August 16, 2015, 01:48:32 PM very very very very very low
Sometimes however you will get a wallet with a bad RNG (e.g. blockchain.info android wallet) which generates the same address for different people, but those cases are very unlikely to happen. Title: Re: New address which is already in use? Post by: DannyHamilton on August 16, 2015, 01:59:09 PM What is the probability to generate a new address which is already in use? It is expected to be approximately 1 in 1.4615x1048 That's 1,461,500,000,000,000,000,000,000,000,000,000,000,000,000,000,000 For a reference to get a feel for just how big that number actually is, consider that it is estimated that the diameter of the observable universe is about 8.8×1026 metres or 5.5×1023 miles. That's 880,000,000,000,000,000,000,000,000 metres or 550,000,000,000,000,000,000,000 miles Title: Re: New address which is already in use? Post by: Remember remember the 5th of November on August 16, 2015, 10:23:37 PM What is the probability to generate a new address which is already in use? It is expected to be approximately 1 in 1.4615x1048 That's 1,461,500,000,000,000,000,000,000,000,000,000,000,000,000,000,000 For a reference to get a feel for just how big that number actually is, consider that it is estimated that the diameter of the observable universe is about 8.8×1026 metres or 5.5×1023 miles. That's 880,000,000,000,000,000,000,000,000 metres or 550,000,000,000,000,000,000,000 miles |