Hello everyone,
thank you for your time. I made notes to everything you said and try to make conclusions for my thesis.
To sum up what my intention is:
I want to make a comparison (e.g. supercomputer, bitcoin mining network)
to demonstrate the potential of Bitcoin/Blockchain.
I'm happy if anyone gives me information that I can use (and understand;) to make a persuasive analogy.
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Dear xhomerx10,
I appreciate your input:
1. True. I mixed up the network and the network of miners. Thank you for your feedback.
2. You're correct, Sunway is 93 Pflop/s.
3. Idk. Seems like this was pointless. Probably bc I'm not good in converting.
4. I would love to use this "494,418 x times the power" but as Carlton Banks stated, I can not make this comparison.
4b. Good point, I'll keep in mind the SHA256 hash.
Well, I'm happy if I'll manage to understand the very basic technical background:)
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Dear Carlton Banks,
what you mentioned is an important reminder (although I can not really make sense out of it, due to my lack of understanding the difference of a floating point operation and an integer based arithmetic) How do I compare 1 Flop. Can you give me an idea of how those two can be compared to bring up a powerful conclusion? I want to make a statement pointing out how powerful the Bitcoin network is, in comparison to supercomputers.
If I understood your assumption to alter the equation correctly, then...
... 1.
45,730,934 (Network hashrate in Petaflops)
/ 2 (bc a single block header involves 2 SHA-2 hashes)
= 22,865,467 (headers).
2. 9.3e+16 /22,865,467
= 4,067,268,776 (what
)
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Dear odolvlobo, dear jonald_fyookl,
I bet it's important what you mentioned. I can see that there must be a difference between petaflops and terahashes/second and 64 'turns' in one header. I can just not make sense out of it, I'm sorry, that I can not follow you.
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Dear European Central Bank,
thank you for your question. The comparison is not pointless. Let me explain to you why.
I bet to you and everyone familiar with encryption, computing language and technical knowledge (I guess most of you guys), the comparison is useless, because you know the details and program and do things I have no clue about ( I'm bad in maths, but ok in macroeconomics)
But there are many people out there that should understand what Bitcoin/Blockchain is about. They should be able to feel the impact the open ledger can have, not just for finance but so many other industries that we can't even imagine now. I need the comparison between the supercomputers and the bitcoin network to delight the minds of non-experts. And even we can, to some point, imagine if a US-$ 270 million supercomputer loses against Bitcoin, that must be wicked stuff. I'm writing this thesis to give economists some fundamental information about Blockchain.
With your name (eCENTRALb, an institution that's not amused about a peer-to-peer network invented to substitute them) you should see where I'm going.
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Dear Qartada,
thank you for your contribution. Mining itself is interesting, unfortunately, I can not focus on all the different points of interest of Bitcoin.
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Dear Amph,
I understand your point of view. The bitcoin mining ecosystem is a whole giant supercomputer. This is, why I was trying to make a comparison in the first place.
I agree, that a comparison with all the full nodes would work too. I'm not sure whether I'll find figures for all full nodes combined though.
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Dear AGD,
The title of the thesis is focusing on Blockchain technology instead of bitcoin because I want to show the impact for economy with all the industries and not just finance. Finance is, by now, the most discussed industry which will be impacted by Bitcoin (or already is). I admire Nakamoto for having this outstanding, positive change idea of a public ledger. The idea behind bitcoin is what I'm concentrating on.