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Title: bitcoin network: 24.264.816 GH/s vs 2.000 GH/s Cointerra terraminer IV Post by: titan20 on February 17, 2014, 08:42:45 PM Hi all,
I have a question about the size of the present hashrate of the bitcoin network being some 24.000.000 GH/s (source: http://bitcoinwisdom.com/bitcoin/calculator) If this hashrate would be delivered solely by a cointerra terraminer IV with a capacity of 2.000 GH/s this would mean that the bitcoinnetwork is (24 million GH/s divided by 2.000 GH/s) 12.000 terraminers strong. Is this calculation correct? I had the impression you would need much more machines. Maybe a wrong feeling, but it seems so small. Title: Re: bitcoin network: 24.264.816 GH/s vs 2.000 GH/s Cointerra terraminer IV Post by: Colin Miner on February 17, 2014, 11:18:56 PM and only a bit more than 6000 TerraMiner IV to complete a 51% attack?
But by the time IV comes online, the difficulty will be double. Title: Re: bitcoin network: 24.264.816 GH/s vs 2.000 GH/s Cointerra terraminer IV Post by: Sonny on February 18, 2014, 04:35:06 AM Hi all, I have a question about the size of the present hashrate of the bitcoin network being some 24.000.000 GH/s (source: http://bitcoinwisdom.com/bitcoin/calculator) If this hashrate would be delivered solely by a cointerra terraminer IV with a capacity of 2.000 GH/s this would mean that the bitcoinnetwork is (24 million GH/s divided by 2.000 GH/s) 12.000 terraminers strong. Is this calculation correct? With newer and more efficient ASICs coming out, we will then have a way larger network hashrate... |