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Title: What’s the percentage % of the world’s population mining for BTC ??? Post by: LittleD on October 23, 2013, 04:55:48 PM :) May be some one already ask this same question but I’m just curious to know ???
http://images2.wikia.nocookie.net/__cb20130712012736/smurfsfanon/images/5/57/Curious-George.jpg Title: Re: What’s the percentage % of the world’s population mining for BTC ??? Post by: drawingthesun on October 23, 2013, 05:11:00 PM Upper bound hashrate around the current time : 4,000,000,000 MH/s
If all the miners were 300 MH/s GPU's this would equal 13 million miners [1] that would equal 0.0018% of the world population.[2] In reality I have pushed those numbers to the absolute unrealistic extreme and because one ASIC can hash a hundred or even a thousand times faster than a GPU the percent of world's population hashing is going to be a lot lower (Also I assume one miner per person pushing the percent up even more) So its between 0% and Interestingly if everyone on Earth shared the mining we would each hash at 1/2 MH/s (Half a megahash each) [1] (4,000,000,000 MH/s / 300 MH/s = 13,333,333.33) [2] (13,000,000 / 7,100,000,000 = 0.001830985915493) EDIT: Thanks to Danny for fixing math errors. Title: Re: What’s the percentage % of the world’s population mining for BTC ??? Post by: drrussellshane on October 23, 2013, 05:15:37 PM A negligible percentage.
Title: Re: What’s the percentage % of the world’s population mining for BTC ??? Post by: DannyHamilton on October 23, 2013, 05:23:50 PM Upper bound hashrate around the current time : 4,000,000,000 MH/s If all the miners were 300 MH/s GPU's this would equal 13 million miners [1] that would equal 0.0018% of the world population.[2] In reality I have pushed those numbers to the absolute unrealistic extreme and because one ASIC can hash a hundred or even a thousand times faster than a GPU the percent of world's population hashing is going to be a lot lower (Also I assume one miner per person pushing the percent up even more) So its between 0% and 0.0018% Interestingly if everyone on Earth shared the mining we would each hash at 1/2 MH/s (Half a megahash each) [1] (4,000,000,000 MH/s / 300 MH/s = 13,333,333.33) [2] (13,000,000 / 7,100,000,000 = 0.001830985915493) A couple of mathematical corrections . . . 0.001830985915493 is approximately equal to 0.1831%, not 0.0018% There is clearly at least one miner, so it must be between 0.0000000141% and 0.1831% Title: Re: What’s the percentage % of the world’s population mining for BTC ??? Post by: drawingthesun on October 23, 2013, 05:28:19 PM A couple of mathematical corrections . . . 0.001830985915493 is approximately equal to 0.1831%, not 0.0018% There is clearly at least one miner, so it must be between 0.0000000141% and 0.1831% Thanks :) Title: Re: What’s the percentage % of the world’s population mining for BTC ??? Post by: BobMarley on October 23, 2013, 05:41:36 PM A couple of mathematical corrections . . . 0.001830985915493 is approximately equal to 0.1831%, not 0.0018% There is clearly at least one miner, so it must be between 0.0000000141% and 0.1831% Thanks :) Title: Re: What’s the percentage % of the world’s population mining for BTC ??? Post by: LittleD on October 23, 2013, 05:58:14 PM Upper bound hashrate around the current time : 4,000,000,000 MH/s If all the miners were 300 MH/s GPU's this would equal 13 million miners [1] that would equal 0.0018% of the world population.[2] In reality I have pushed those numbers to the absolute unrealistic extreme and because one ASIC can hash a hundred or even a thousand times faster than a GPU the percent of world's population hashing is going to be a lot lower (Also I assume one miner per person pushing the percent up even more) So its between 0% and 0.0018% Interestingly if everyone on Earth shared the mining we would each hash at 1/2 MH/s (Half a megahash each) [1] (4,000,000,000 MH/s / 300 MH/s = 13,333,333.33) [2] (13,000,000 / 7,100,000,000 = 0.001830985915493) A couple of mathematical corrections . . . 0.001830985915493 is approximately equal to 0.1831%, not 0.0018% There is clearly at least one miner, so it must be between 0.0000000141% and 0.1831% Thank you :) very helpful Title: Re: What’s the percentage % of the world’s population mining for BTC ??? Post by: cowandtea on October 24, 2013, 12:10:26 PM Too low to count, if only 1% of the world population is mining then we could have 1000 TH...
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