How many hashes create one Bitcoin?

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Irrespective of the length of time required to calculate one hash, how many hash operations are required to produce one Bitcoin?

powtac

Posted 2013-07-06T09:27:36.257

Reputation: 385

Answers

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These charts show the approximate network hash rate on the left axis: http://bitcoin.sipa.be/

We know the network adjusts for 25 new bitcoins per 10 minutes.

Together this provides enough info to give an approximate answer to your question:

hashes per bitcoin 
= (network hash rate) / (25 BTC per 10 minutes)
= (180 * Th / s) / (25 * BTC / (600 * s) )
= 180 * 600 / 25 * Th / s / BTC * s
= 2,700 Th / BTC
= 2,700,000,000,000,000 h/BTC

Anonymous

Posted 2013-07-06T09:27:36.257

Reputation: 176

What does the 180 stand for? – powtac – 2013-07-07T09:58:02.657

That is read from the charts I linked to. It is the current network hash rate in terra-hash-per-second, as the charts show this number continually changes as miners come and go. – Anonymous – 2013-07-07T10:03:36.550

Thanks! I think I have to dig deeper into the function of BC to understand everything! – powtac – 2013-07-07T10:08:27.587

1Enjoy the ride! – Anonymous – 2013-07-07T10:10:20.557

@powtac remember this result changes every 2160 blocks (roughly two weeks). – kaoD – 2014-01-12T20:03:33.457

The current network hash rate is no longer "180 * Th / s" it's now "14000 * Th / s"! – powtac – 2014-01-12T21:05:20.050

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A good and simple website to calculate how much bitcoin can be created with what machine can be found at: http://www.alcula.com/calculators/finance/bitcoin-mining/

powtac

Posted 2013-07-06T09:27:36.257

Reputation: 385

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Difficulty changes regularly, but there are calculators that take all current factors into account:

https://www.cryptocompare.com/mining/calculator/btc?HashingPower=15&HashingUnit=TH%2Fs&PowerConsumption=0&CostPerkWh=0

As of today (17 Jan 2017): a theoretical 1,581 TH/s (equivalent of running a hundred Antminer S9's) will return 1 BTC in a day.

Tomorrow, it will be different.

schroeder

Posted 2013-07-06T09:27:36.257

Reputation: 111