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Thursday, February 1, 2024

blockchain – The place does this 2^32 come from?

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A number of months in the past I used to be doing analysis into calculating mining income for a number of crypto currencies. When attempting to calculate BTC income I discovered this worth 1/2^32 which was described someplace alongside the strains of the likelihood of discovering or fixing a block. I discovered this on some web site speaking concerning the likelihood of discovering a brand new block I believe investopedia. This worth labored for locating income for a number of cash together with BTC, I assumed this meant they have been utilizing the identical/related algorithm, however is that assumption right? There was additionally ETH which did not want a price like this as a result of I believe its likelihood worth was very near 2^0 or 1 so it did not matter. This ETH model labored for a number of cash as nicely, however each equations could not be used for one coin. The best way I checked my work was by evaluating my reply to a number of on-line calculators.

However how is that this 2^32 discovered and the way a lot does it change over time? I can at all times use a web-based calculator for them however I would favor to have the ability to discover this worth for Bitcoin and different cash sooner or later.

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