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Title: Will Bitcoin addresses run out soon? Post by: hinaciaj on January 10, 2017, 01:09:03 PM What if bitcoin adresss end? ??? ???
i mean maybe in 50 years all the bitcoin adresses will be already used ;D what can we do to solve this xDDDD sorry for my fuckedup english but this question confuse me , i hope you understand what mean xD :'( Title: Re: Will Bitcoin addresses run out soon? Post by: mocacinno on January 10, 2017, 01:41:17 PM Here you go:
https://bitcointalk.org/index.php?topic=24268.msg304195#msg304195 There are exactly 2^160 possible addresses as long as we keep using RIPE-MD160. 2^160 is 1,461,501,637,330,902,918,203,684,832,716,283,019,655,932,542,976. You won't be able to generate all those addresses, even if you had the largest botnet on earth and you generated addresses nonstop for dozens of years (did not do the actual calculations tough). Title: Re: Will Bitcoin addresses run out soon? Post by: longbob72 on January 10, 2017, 01:41:21 PM That's not going to happen.
Number of bitcoin address is 1,461,501,637,330,902,918,203,684,832,716,283,019,655,932,542,976. Number of people on earth is 6,987,000,000. And not even 10% of those knows about bitcoins. Even if each person generates 1,000,000,000 addresses everyday (this is very very very exaggerated), only 126,000,000,000,000,000,000,000 addresses will be created in 50 years. Even if sometime in the future there are 10,000,000,000 bitcoin users and each person creates 1,000,000,000,000 addresses everyday for 100 years, only 360,000,000,000,000,000,000,000,000 addresses will be created. Title: Re: Will Bitcoin addresses run out soon? Post by: bL4nkcode on January 10, 2017, 01:53:19 PM I'm curious also about this topic, but as people those who really knows about the technology of bitcoin explains like as what longbob72 mentioned, it will gives you hints, and so the link given by mocacinno. So it will never happen.
Title: Re: Will Bitcoin addresses run out soon? Post by: hinaciaj on January 10, 2017, 01:56:10 PM That's not going to happen. no i get it xDNumber of bitcoin address is 1,461,501,637,330,902,918,203,684,832,716,283,019,655,932,542,976. Number of people on earth is 6,987,000,000. And not even 10% of those knows about bitcoins. Even if each person generates 1,000,000,000 addresses everyday (this is very very very exaggerated), only 126,000,000,000,000,000,000,000 addresses will be created in 50 years. Even if sometime in the future there are 10,000,000,000 bitcoin users and each person creates 1,000,000,000,000 addresses everyday for 100 years, only 360,000,000,000,000,000,000,000,000 addresses will be created. thank you bro Title: Re: Will Bitcoin addresses run out soon? Post by: Velkro on January 10, 2017, 08:41:14 PM What if bitcoin adresss end? ??? ??? Maybe? You could calculate how many addresses are there and compare them to estimates on diffirent factors.i mean maybe in 50 years all the bitcoin adresses will be already used ;D what can we do to solve this xDDDD sorry for my fuckedup english but this question confuse me , i hope you understand what mean xD :'( By my knowledge, its impossible in 50 years and even if, we could easily change couple variables in bitcoin source code to multiply current possible addresses by 10x or 100x easily :) so worry not. Title: Re: Will Bitcoin addresses run out soon? Post by: Immakillya on January 11, 2017, 02:08:40 AM What wallet is producing unlimited address? I think theres none. Im using xapo wallet but everytime i receive funds. The address is just recycling its address generated. I think theres atleast 3-4 addresses generated by my wallet. Its also impossible that bitcoin address will run out of bitcoin address because theres atleast 32 characters to create address. Thats too many. Besides, bitcoin address is consisting of numbers and letters. Its a really rare that wallet could generate address that is the same as other wallet. If thats happens. It will be a disaster.
Title: Re: Will Bitcoin addresses run out soon? Post by: Kakmakr on January 11, 2017, 06:19:51 AM After you have read this, you would see how impossible this would be : https://www.weusecoins.com/amazing-math-bitcoin-private-keys/
If I can quote something, it would be this : " Bitcoin’s private keys are made of numbers (called quindecillions) that are so large, they literally choke the best computers." See the picture at the top, about the sand. ^smile^ It is basically impossible, if you comprehend that. Title: Re: Will Bitcoin addresses run out soon? Post by: Mitchell on January 13, 2017, 01:39:09 PM I'm locking this thread because posts were made that contain misinformation or were off-topic. I removed at least five because of obvious reason (or because you happened to quoted them). Also locking it because good answers have already been provided. I would like to make clear that if you don't know anything about a subject, don't post.
OP, I'm sorry that I had to lock your thread, if you still aren't sure about this subject, let me know and I'll gladly re-open your thread. |