Percentage of addresses used - page 2.

7788bitcoin

legendary

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Quote from: yoona on March 23, 2016, 11:50:40 PM

Was just wondering (and too lazy to go facthunting) but has anyone an idea of how many btc addresses are in use/have been used, compared to the ones that are yet to be used? I've got like no idea what the orders are like...

I don't know how to get started counting... but let say if we have 7 billions users (the population of the whole world) and each generated 10k addresses, which will give 70 trillion addresses used/ever generated.

(70,000,000,000,000 / 2^160)
= 10^ [log (70,000,000,000,000)- log (2^160)]
= 10^ [log (70) + log (10^12) - 160 log (2)]
= 10^ [1.845 + 12 log (10) - 160 x 0.301]
= 10 ^ (1.845 + 12 - 32.164)
= 10 ^ -18.32
~ 10^ -18 x 100%
~ 0.0000000000000001% of all addresses
~ 0%

I think I am over-estimating but we are dealing with huge numbers...

--Encrypted--

copper member

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hee-ho.

Quote from: jacktheking on March 24, 2016, 03:38:15 AM

As other have said, the possible amount of Bitcoin addresses is a lot - around the number of sand we have on Earth. I believe, It is possible to know the percentage of used Bitcoin addresses but it will take sometime. A lot of new addresses are created everyday by mixers and payment processors etc. However I do not think we have or will reach 50% anytime soon.

there's only around 2^63 grains of sands on earth. to get to close to the number of possible addresses you'll need to multiply that by approx a hundred and fifty octilion (150 with 27 zeroes). that's not close at all.

trying to find even 1 percent of those addresses will take a huge computing power.

jacktheking

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As other have said, the possible amount of Bitcoin addresses is a lot - ~~around~~ more than the number of sand we have on Earth. I believe, It is possible to know the percentage of used Bitcoin addresses but it will take sometime. A lot of new addresses are created everyday by mixers and payment processors etc. However I do not think we have or will reach 50% anytime soon.

alani123

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The possible number of bitcoin addresses is 2^160 but IIRC no one is counting the total number of unique addresses used. You could try to do this by analyzing the blockchain but that's surely going to be ersource intensive given the number of transactions in there.

Herbert2020

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to my knowledge there is no way of knowing this unless you can parse the whole >7GB of blockchain and look for addresses that have been used.

there are some charts on blockchain.info that might interest you but nothing about what you want:
https://blockchain.info/charts/n-unique-addresses : unique addresses per day
https://blockchain.info/charts/my-wallet-n-users : number of BC.I wallets (not addresses) created it is 6.5 mil

Amph

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aren't the possible address 2^160? there should be a way to know how many have been generated, then you only need to subtract that amount

icecube45

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Quote from: yoona on March 23, 2016, 11:50:40 PM

Was just wondering (and too lazy to go facthunting) but has anyone an idea of how many btc addresses are in use/have been used, compared to the ones that are yet to be used? I've got like no idea what the orders are like...

its not possible to determine this (to my knowlege) without actually generating every combination possible, at least thats how i understand it.

if im wrong, im curious as to how this would be done

pawel7777

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What do you mean by "yet to be used"? All the possible addresses with zero balances?

yoona

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Live by your own rules

Was just wondering (and too lazy to go facthunting) but has anyone an idea of how many btc addresses are in use/have been used, compared to the ones that are yet to be used? I've got like no idea what the orders are like...

Topic: Percentage of addresses used - page 2. (Read 1300 times)