Bitcoin Forum
May 24, 2024, 05:51:18 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How much of the world's computer power will we end up with?  (Read 1288 times)
2_Thumbs_Up (OP)
Sr. Member
****
Offline Offline

Activity: 323
Merit: 251


View Profile
May 02, 2011, 08:24:27 PM
 #1

Considering we're still only a 20 million dollar economy and already the biggest distributed computing network in the world, how big do you think the network will eventually become?
Timo Y
Legendary
*
Offline Offline

Activity: 938
Merit: 1001


bitcoin - the aerogel of money


View Profile
May 03, 2011, 11:43:30 AM
 #2

Depends how fast Bitcoin grows and how big it becomes.

If Bitcoin becomes the world's dominant currency by 2020 and most of the world's population keeps their cash savings in Bitcoin, then most of the world's computing power will go into Bitcoin mining.

Not only that, most of the world's electricity will go into Bitcoin mining.

The total computing power will continue halving every 4 years but it would take until 2030-2040 until Bitcoin mining is no longer the world's biggest consumer of computing power and electricity.


GPG ID: FA868D77   bitcoin-otc:forever-d
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!