Bitcoin Forum
June 27, 2024, 06:45:33 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: bitcoin network: 24.264.816 GH/s vs 2.000 GH/s Cointerra terraminer IV  (Read 782 times)
titan20 (OP)
Sr. Member
****
Offline Offline

Activity: 427
Merit: 250



View Profile
February 17, 2014, 08:42:45 PM
 #1

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.






AUTO COIN

▄██▀▀▀▀▀▀▀▀▀▀▀▀▀██▄
▄██▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀██▄
▄█▀                       ▀█▄
▄▄▄▄ ▄█                           █▄ ▄▄▄▄
█   ███▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀███   █
▀▀█▀                                 ▀█▀▀
▄▀                                     ▀▄
▄▄▀▄▄▄▄                                 ▄▄▄▄▀▄▄
█       ▀▀▄                           ▄▀▀       █
█          █                         █          █
█▀▀▄▄▄▄▄▄▄███▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀███▄▄▄▄▄▄▄▀▀█
▒▀▄       ██▀▀▀▀▀▀▀▀▀▀▀▀█▀█▀▀▀▀▀▀▀▀▀▀▀▀██       ▄▀▒
▒█▀▀▀▀▄▄  █              ▀              █  ▄▄▀▀▀▀█▒
▒█      █ ▀▄                           ▄▀ █      █▒
▒▀▄▀▄▄▄▄▀  █▀▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀▀█  ▀▄▄▄▄▀▄▀▒
▒▒▒▀▄▄▄▄▄ █                             █ ▄▄▄▄▄▀▒▒▒
 ▒▒▒▒▒▒▀▀▀▀▀▄▄▄▄▄▄███████████████▄▄▄▄▄▄▀▀▀▀▒▒▒▒▒▒▒
      Stand-Alone Solutions Set to Revolutionize the Automotive Sector     
WEBSITEWHITEPAPERTWITTERTELEGRAMFACEBOOKYOUTUBEINSTAGRAM
Colin Miner
Full Member
***
Offline Offline

Activity: 196
Merit: 100


View Profile WWW
February 17, 2014, 11:18:56 PM
 #2

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.


FREE Namecoins (NMC), Devcoins (DVC) and IxCoins (iXC) while you mine Bitcoins (BTC) on the pool, in the cloud or both. Free to join, click here to Sign Up and mine your free coins.
Cheap VPS Hosting here or budget conscious Free cPanel hosting here. Buy BTC the safe and easy way at Localbitcoins.com (US and UK).
 "I'm no longer as confident as I was this morning." - xkeyscore89.  My Addie.cc.
more Free: BTC, LTC, FTC, TIPS, WDC, EAC & IFC
Sonny
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
February 18, 2014, 04:35:06 AM
 #3

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...
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!