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by wahern
357 days ago
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This stood out to me: > For comparison, Bitcoin mining did only about 2^111 bit operations in 2022. ("Only"!) Anyone have a source for this? Google results suggest in 2022 Bitcoin miners reached ~209 quintillion hashes (209 exahashes) per second. I don't know how many bit operations SHA-1 takes, but dividing 2^111 by 209 * 10^18 * 86400 * 365 gives 393891, which doesn't sound unreasonable for number of bit operations per SHA-1 hash. Basically, it's fascinating that global compute is reaching those kinds of numbers. Even more fascinating is that it's just Bitcoin mining, so global total computations must be some multiple of that (3x? 10x? 100x?). These are numbers once considered (still considered?) unfathomable, let alone a quantity applicable to human endeavor. And that's 2022. Today the Bitcoin hash rate is 4.5x greater. |
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[1] https://nigelsmart.github.io/MPC-Circuits/sha256.txt