Post
Topic
Board Mining
Re: Ok, this is what i don't understand...
by
Luke490
on 09/06/2011, 16:49:56 UTC
...
because your probability of hitting a block remains the same if difficulty remains the same.
...
This is a recurring theme in all the significant conversations I have had regarding BitCoin.

Some how this "BitCoin" system has an "infinite" number of ...  blocks, addresses ... whatever.

But if this is true how can the number of coins max at 21 bl?
...Difficulty. I know.
But let's say I'm running a pool that is "big", could I not make a full list of all block for all Difficulty levels?
If the size of a block is limited than it is possible to store every block, when computers get that good(some time in the next 5 years).

If a block is ~256 Bytes of data than the total number of possible blocks is ~3*10^616, assuming a Byte is 8 bits not 16 or 32.
The size of a hard drive storing all the possible blocks would be ~8*10^618 Bytes or 8*10^606 GB
Though this would seem to be a daunting request as time moves on it will not be so impossible making this system of BitCoins obsolete.
However if a system was set up with variable block sizes....