The Moore's Law vs Computational Power

[Wenbing]

"A block header with no transactions would be about 80 bytes. If we suppose blocks are
generated every 10 minutes, 80 bytes * 6 * 24 * 365 = 4.2MB per year. With computer systems
typically selling with 2GB of RAM as of 2008, and Moore's Law predicting current growth of 1.2GB per year, storage should not be a problem even if the block headers must be kept in
memory."

Satoshi Nakamoto's 2008 whitepaper.

The Moore's law states that processor speeds, or overall processing power for computers will double every two years. 

Since the whitepaper was published and made public  in 2008 how has the computational power prediction by Satoshi Nakamoto been practically validated by the Moore's law.

Pls, can I know the trend so far of the computational power of computer and the storage of bitcoin by miners. How is the growth of the two from 2008 to 2020?

 I need more lights to be shared on this.

Thanks.

[joniboini]

You mean like hash rate & block size history?

There are several websites for these, such as:
- https://www.blockchain.com/charts/hash-rate or https://www.blockchain.com/charts/avg-block-size
- https://bitinfocharts.com/comparison/bitcoin-hashrate.html or https://bitinfocharts.com/comparison/bitcoin-size.html
- https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/
- https://coin.dance/blocks/hashrate/linear

You can find more if you searches on Google. Don't trust one source as sometimes they're biased.

[Wenbing]

You mean like hash rate & block size history?

There are several websites for these, such as:
- https://www.blockchain.com/charts/hash-rate or https://www.blockchain.com/charts/avg-block-size
- https://bitinfocharts.com/comparison/bitcoin-hashrate.html or https://bitinfocharts.com/comparison/bitcoin-size.html
- https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/
- https://coin.dance/blocks/hashrate/linear

You can find more if you searches on Google. Don't trust one source as sometimes they're biased.

Thanks for the input.
But, what I'm really concerned about is the relationship between the computational power of computer miner used in their mining operations and the Moore's law prediction which was quoted by Satoshi Nakamoto White paper.

Was the prediction now validated?

[figmentofmyass]

Thanks for the input.
But, what I'm really concerned about is the relationship between the computational power of computer miner used in their mining operations and the Moore's law prediction which was quoted by Satoshi Nakamoto White paper.

Was the prediction now validated?

moore's law can't continue indefinitely. even gordon moore (for whom the theory is named) said so: https://en.wikipedia.org/wiki/Moore%27s_law#Forecasts_and_roadmaps

there's no need to focus on bitcoin asics. the entire chip industry is invalidating moore's law. the writing has been on the wall for a few years now. transistors can't be shrunk much more: https://www.technologyreview.com/2016/05/13/245938/moores-law-is-dead-now-what/

[nc50lc]

"A block header with no transactions would be about 80 bytes. If we suppose blocks are
generated every 10 minutes, 80 bytes * 6 * 24 * 365 = 4.2MB per year. With computer systems
typically selling with 2GB of RAM as of 2008, and Moore's Law predicting current growth of 1.2GB per year, storage should not be a problem even if the block headers must be kept in
memory."

what I'm really concerned about is the relationship between the computational power of computer miner used in their mining operations the Moore's law prediction which was quoted by Satoshi Nakamoto White paper. -snip-

The quoted part of the whitepaper doesn't have a direct relation to Bitcoin mining.
He had mentioned about the typical computer's RAM (Random Access Memory) growth per year according to Moore's Law as the reason why to keep the block headers in the memory.

Relating it (by context) to mining doesn't make sense  

[Wenbing]

"A block header with no transactions would be about 80 bytes. If we suppose blocks are
generated every 10 minutes, 80 bytes * 6 * 24 * 365 = 4.2MB per year. With computer systems
typically selling with 2GB of RAM as of 2008, and Moore's Law predicting current growth of 1.2GB per year, storage should not be a problem even if the block headers must be kept in
memory."

what I'm really concerned about is the relationship between the computational power of computer miner used in their mining operations the Moore's law prediction which was quoted by Satoshi Nakamoto White paper. -snip-

The quoted part of the whitepaper doesn't have a direct relation to Bitcoin mining.
He had mentioned about the typical computer's RAM (Random Access Memory) growth per year according to Moore's Law as the reason why to keep the block headers in the memory.

Relating it (by context) to mining doesn't make sense  

Thanks for the comment and correction.

But I thought Satoshi was attempting to show that the storage power of computer was very low as at 2008 that with Moore's law the storage power of computer will increase which will enhance the storage of bitcoin.

Kindly, tell me if this explanation is correct.

[nc50lc]

Kindly, tell me if this explanation is correct.

I'm not in the position to answer this, you should ask the man himself 

But it seems like he'd speculated that storage space will indeed become a problem regardless of Moore's Law's growth rate,
that's why that part is included in "Reclaiming Disk Space" which hints about spent transaction "pruning".
AFAIK, it wasn't implemented; according to the explanation, it is a lot different than the pruning option we have today.