Technically each bitcoin address has on average 7.9 X 1028 different private keys that will all result in the exact same address.
can you point me to where you got this information from. thank you.
A private key is a random 256 bit number between 1 and 115792089237316195423570985008687907852837564279074904382605163141518161494336 when represented in decimal
or in hexadecimal represented as a number between 0x1 and 0xFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFEBAAEDCE6AF48A03BBFD25E8CD0364140
This information can be found here:
https://en.bitcoin.it/wiki/Private_keyAs a reasonable approximation, lets use 1.158 X 10
77.
A version 1 bitcoin address is a RIPEMD160 hash with a prepended version number, and an appended checksum. This information can be found here:
https://en.bitcoin.it/wiki/Technical_background_of_version_1_Bitcoin_addressesThe result of a RIPEMD-160 hash is a 160 bit number between 1 and 1461501637330902918203684832716283019655932542976
This information can be found here:
https://en.wikipedia.org/wiki/RIPEMDAs an approximation, lets use 1.46 X 10
48
Simple mathematics indicates that if there are 1.158 X 10
77 unique private keys possible, and only 1.46 X 10
48 unique version 1 addresses possible, then there are an average of:
(1.158 X 10
77) / (1.46 X 10
48) = 7.9 X 10
28 private keys per address.