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rivest (OP)
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July 03, 2021, 08:12:15 AM
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Would it happen? Hashrate,  miners and therefore difficulty keep increasing...
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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July 03, 2021, 12:27:37 PM
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 #2
"Number of zeros" in what? What the hell are you asking?  Huh
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July 03, 2021, 12:32:43 PM
Merited by NeuroticFish (1)
 #3
Quote from: rivest on July 03, 2021, 08:12:15 AM
Would it happen? Hashrate,  miners and therefore difficulty keep increasing...
OK, so every 8 zeros represents 4294967296 (almost 4.3 billion) times faster bitcoin hash rate.
So we got more than 5 more sets of 8 zeros, or 4.29 billion x 4.29 billion x 4.29 billion x 4.29 billion x 4.29 billion
Which is an exponential increase, not a linear increase ... it wont happen.

Edit: reminder that 2^256 is close to the number of atoms in the universe (only about 1000 times smaller)
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July 03, 2021, 02:59:10 PM
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Thanks that's all I wanted to know. I always thought it was linear.

Quote from: kano on July 03, 2021, 12:32:43 PM
OK, so every 8 zeros represents 4294967296 (almost 4.3 billion) times faster bitcoin hash rate.
So we got more than 5 more sets of 8 zeros, or 4.29 billion x 4.29 billion x 4.29 billion x 4.29 billion x 4.29 billion
Which is an exponential increase, not a linear increase ... it wont happen.

Edit: reminder that 2^256 is close to the number of atoms in the universe (only about 1000 times smaller)
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