Topic: What’s the percentage % of the world’s population mining for BTC ??? (Read 1646 times)
October 24, 2013, 08:10:26 AM
Too low to count, if only 1% of the world population is mining then we could have 1000 TH...
October 23, 2013, 01:58:14 PM
Upper bound hashrate around the current time : 4,000,000,000 MH/s
If all the miners were 300 MH/s GPU's this would equal 13 million miners [1] that would equal 0.0018% of the world population.[2]
In reality I have pushed those numbers to the absolute unrealistic extreme and because one ASIC can hash a hundred or even a thousand times faster than a GPU the percent of world's population hashing is going to be a lot lower (Also I assume one miner per person pushing the percent up even more)
So its between 0% and 0.0018%
Interestingly if everyone on Earth shared the mining we would each hash at 1/2 MH/s (Half a megahash each)
[1] (4,000,000,000 MH/s / 300 MH/s = 13,333,333.33)
[2] (13,000,000 / 7,100,000,000 = 0.001830985915493)
If all the miners were 300 MH/s GPU's this would equal 13 million miners [1] that would equal 0.0018% of the world population.[2]
In reality I have pushed those numbers to the absolute unrealistic extreme and because one ASIC can hash a hundred or even a thousand times faster than a GPU the percent of world's population hashing is going to be a lot lower (Also I assume one miner per person pushing the percent up even more)
So its between 0% and 0.0018%
Interestingly if everyone on Earth shared the mining we would each hash at 1/2 MH/s (Half a megahash each)
[1] (4,000,000,000 MH/s / 300 MH/s = 13,333,333.33)
[2] (13,000,000 / 7,100,000,000 = 0.001830985915493)
A couple of mathematical corrections . . .
0.001830985915493 is approximately equal to 0.1831%, not 0.0018%
There is clearly at least one miner, so it must be between 0.0000000141% and 0.1831%
Thank you
very helpful October 23, 2013, 01:41:36 PM
A couple of mathematical corrections . . .
0.001830985915493 is approximately equal to 0.1831%, not 0.0018%
There is clearly at least one miner, so it must be between 0.0000000141% and 0.1831%
0.001830985915493 is approximately equal to 0.1831%, not 0.0018%
There is clearly at least one miner, so it must be between 0.0000000141% and 0.1831%
Thanks
October 23, 2013, 01:28:19 PM
A couple of mathematical corrections . . .
0.001830985915493 is approximately equal to 0.1831%, not 0.0018%
There is clearly at least one miner, so it must be between 0.0000000141% and 0.1831%
0.001830985915493 is approximately equal to 0.1831%, not 0.0018%
There is clearly at least one miner, so it must be between 0.0000000141% and 0.1831%
Thanks
October 23, 2013, 01:23:50 PM
Upper bound hashrate around the current time : 4,000,000,000 MH/s
If all the miners were 300 MH/s GPU's this would equal 13 million miners [1] that would equal 0.0018% of the world population.[2]
In reality I have pushed those numbers to the absolute unrealistic extreme and because one ASIC can hash a hundred or even a thousand times faster than a GPU the percent of world's population hashing is going to be a lot lower (Also I assume one miner per person pushing the percent up even more)
So its between 0% and 0.0018%
Interestingly if everyone on Earth shared the mining we would each hash at 1/2 MH/s (Half a megahash each)
[1] (4,000,000,000 MH/s / 300 MH/s = 13,333,333.33)
[2] (13,000,000 / 7,100,000,000 = 0.001830985915493)
If all the miners were 300 MH/s GPU's this would equal 13 million miners [1] that would equal 0.0018% of the world population.[2]
In reality I have pushed those numbers to the absolute unrealistic extreme and because one ASIC can hash a hundred or even a thousand times faster than a GPU the percent of world's population hashing is going to be a lot lower (Also I assume one miner per person pushing the percent up even more)
So its between 0% and 0.0018%
Interestingly if everyone on Earth shared the mining we would each hash at 1/2 MH/s (Half a megahash each)
[1] (4,000,000,000 MH/s / 300 MH/s = 13,333,333.33)
[2] (13,000,000 / 7,100,000,000 = 0.001830985915493)
A couple of mathematical corrections . . .
0.001830985915493 is approximately equal to 0.1831%, not 0.0018%
There is clearly at least one miner, so it must be between 0.0000000141% and 0.1831%
October 23, 2013, 01:15:37 PM
A negligible percentage.
October 23, 2013, 01:11:00 PM
Upper bound hashrate around the current time : 4,000,000,000 MH/s
If all the miners were 300 MH/s GPU's this would equal 13 million miners [1] that would equal 0.0018% of the world population.[2]
In reality I have pushed those numbers to the absolute unrealistic extreme and because one ASIC can hash a hundred or even a thousand times faster than a GPU the percent of world's population hashing is going to be a lot lower (Also I assume one miner per person pushing the percent up even more)
So its between 0% and0.0018% 0.18%
Interestingly if everyone on Earth shared the mining we would each hash at 1/2 MH/s (Half a megahash each)
[1] (4,000,000,000 MH/s / 300 MH/s = 13,333,333.33)
[2] (13,000,000 / 7,100,000,000 = 0.001830985915493)
EDIT: Thanks to Danny for fixing math errors.
If all the miners were 300 MH/s GPU's this would equal 13 million miners [1] that would equal 0.0018% of the world population.[2]
In reality I have pushed those numbers to the absolute unrealistic extreme and because one ASIC can hash a hundred or even a thousand times faster than a GPU the percent of world's population hashing is going to be a lot lower (Also I assume one miner per person pushing the percent up even more)
So its between 0% and
Interestingly if everyone on Earth shared the mining we would each hash at 1/2 MH/s (Half a megahash each)
[1] (4,000,000,000 MH/s / 300 MH/s = 13,333,333.33)
[2] (13,000,000 / 7,100,000,000 = 0.001830985915493)
EDIT: Thanks to Danny for fixing math errors.
October 23, 2013, 12:55:48 PM
May be some one already ask this same question but I’m just curious to know 
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