agree with you on all points, further, I'm trying to measure the size the network here! how would you compare Bitcoin network size to Ethereum network size (not node quantity) but collective computing power?
I understand the absolute hashrate can't be factored to compare as standalone by itself, and that why I hypothetically multiplied it on ETH 0.105 PH/s * 50000 = 5250! 50000 (the equivalent of 4400000/88) 4400000 GH/s needed to generate one BTC in SHA-256, compared to 88 GH/s to generate 13.5ETH the equivalent of one BTC per day in Ethash
The proposed model above is tentative of measuring the computing size/power of crypto network in comparison to other networks!
Topic: Network size (power) of Ethereum is 65.6% of Bitcoin! (Read 584 times)
OP here is confusing the algirithms. Ethereum's mining is running on Dagger Hashimoto while bitcoin runs on SHA256. Very different algorithms, with Dagger currently being efficient in GPUs while SHA256 has ASIC chips just for mining bitcoin.
There is no point in comparing the hashrates - the algorithms used have a LOT different "amount and type of work needed to generate one hash" that makes such a comparison worthless.
Oh thanks , I was just kicking myself for not being able to understand anything OP posted lol. It's good to know it isn't helpful to know that (no sarcasm intended)
There is no point in comparing the hashrates - the algorithms used have a LOT different "amount and type of work needed to generate one hash" that makes such a comparison worthless.
While network hashrate of BTC (8000 PH/s currently) about 10k of ETH (0.105 PH/s) and while you will spend about 4400000 GH/s to generate one BTC in a day, compared to 88 GH/s to generate 13.5ETH the equivalent of one BTC per day,
Is it safe to say will need to multiply ETH network hashrate by 50000 (the equivalent of 4400000/88) to be able to compare it with BTC network (size) hashpower? in another word if BTC network size in hashing power is 8000 PH/s then ETH network size using hashing power to compare should be 0.105 PH/s * 50000 = 5250! which means the Ethereum network size is 65.6% of Bitcoin network size?
Is it safe to say will need to multiply ETH network hashrate by 50000 (the equivalent of 4400000/88) to be able to compare it with BTC network (size) hashpower? in another word if BTC network size in hashing power is 8000 PH/s then ETH network size using hashing power to compare should be 0.105 PH/s * 50000 = 5250! which means the Ethereum network size is 65.6% of Bitcoin network size?
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