mining hardware can find new block in seconds , then why they take days ?!!

jonnybravo0311

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Mine at Jonny's Pool

Quote from: trendax on August 19, 2015, 05:35:50 AM

I think someone should check my work but 2^32 * difficulty = hashes to find a block on average

Close enough for government work. The actual formula for calculating expected time to solve a block is:

Code:

2^256 / (((2^224 - 2^208) / difficulty) * hashrate) = expected time in seconds to find a block

@shadyyaser you're forgetting about the target difficulty in your stats. Use my formula, plug in the network difficulty and a hash rate, and you'll see that it's considerably different than what you're thinking.

TheRealSteve

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FUN > ROI

Yep.

See: https://en.bitcoin.it/wiki/Difficulty#How_soon_might_I_expect_to_generate_a_block.3F

trendax

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I think someone should check my work but 2^32 * difficulty = hashes to find a block on average

shadyyaser

newbie

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Finding new block in the mining process is based on changing the nonce value then hashing , and repeating this until reaching a hash whose value is equal to or lower than the target . The nonce is 32 bit long , which means that all possible changes that can be made to the nonce value is 2^32 -1 , then the maximum number of hashes that needed to be made by a mining hardware until reaching the desired hash is 2^32 -1 = 4294967295 (approximately 4 billion hashes) . This number of hashes can be made in one second by ASIC whose hash rate is 4 Ghash/s (4 billion hashes per second ), and can even be done in millisecond by ASIC whose hash rate is 4 Thash/s .
All of this is the mathematical calculation , but in practical it takes days for 4 Ghash/s ASIC or 4 Thash/s ASIC to find one block !!
So why is this huge difference between the mathematical calculation and the practical thing ?!! is there something that I don't understand well ?

Topic: mining hardware can find new block in seconds , then why they take days ?!! (Read 999 times)