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Author Topic: Looking to find the threshold..  (Read 719 times)
omegaaf (OP)
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August 31, 2012, 01:54:49 AM
 #1

I am a bit of a mathematical mind, and I wish to find the threshold/point of intersection where an average Mh/s / Gh/s to realworld currency.
So.. how many hashes does it require to make 1 bitcoin?

And yes, for those who are curious, I will post the equations and graphs after I am done.
DeathAndTaxes
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August 31, 2012, 01:59:16 AM
 #2

It takes on average (difficulty)*2^32 hashes to solve a block.
A block is worth the block reward (currently 50 BTC + <1 BTC in tx fees.

Thus avg hashes per 1 BTC = (difficulty)*2^32 / 50 BTC.

You can't compare MH/s (which is a rate, MegaHashes per second) to BTC (which is a fixed amount).

One involves time.  You can multiply MH/s by 1 second and get hashes in a second and thus the BTC in a second.
More usefully you can take the MH/s * 60*60 * 24 to get the hashes in one day and then determine the avg BTC earned in one day.
Fiyasko
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August 31, 2012, 02:16:53 AM
 #3

It takes on average (difficulty)*2^32 hashes to solve a block.
A block is worth the block reward (currently 50 BTC + <1 BTC in tx fees.

Thus avg hashes per 1 BTC = (difficulty)*2^32 / 50 BTC.

You can't compare MH/s (which is a rate, MegaHashes per second) to BTC (which is a fixed amount).

One involves time.  You can multiply MH/s by 1 second and get hashes in a second and thus the BTC in a second.
More usefully you can take the MH/s * 60*60 * 24 to get the hashes in one day and then determine the avg BTC earned in one day.
Your accurate math strains my brain



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Stephen Gornick
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August 31, 2012, 05:24:35 AM
 #4

It takes on average (difficulty)*2^32 hashes to solve a block.

Related:

 - http://en.bitcoin.it/wiki/Difficulty#What_network_hash_rate_results_in_a_given_difficulty.3F

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every1pewps
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September 03, 2012, 12:54:08 AM
 #5

At current difficulty, it takes ~52,000 shares to make 1 BTC at BTCguild, which charges 5% for PPS.

To make 52,000 shares daily, you need ~2,650MH/s/24hours.  Hope this helps.
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