I like old movies as well. there are many more things to think over in them

I constantly use the word "exactly" with a special intonation haha

Actually, yes. cause there are numerous of those creepy stories abot this..

PATD! are there any other fans?

I cannot even recollect in my memory a person who is not addicted to gadgets. It's a pity, of course. Yet, that's true. Remembering a couple having a dinner in an expensive restaurant. They have been sitting in front of each other for more than 2 hours and everything they said, was: "Thank you" and "Love you". Rest of the time they've been playing a game in their cells. Quite sad 

I think, yes, the reason is to disrupt the market indeed. I will not sell either.

Indeed, the Beatles are one of the best for ages! Yet I must confess, I randomly love lots of bands from various music directions. I'm in love with Queen and Metallica and I am a fan of Nirvana. Roxette and Backstreet boys are amonst my favorities as well 

guys! thank you for the information! will be doing my best

Well, envy you, serously! I am doing wichever possible in order to loose weight. Yet the best decision, I guess, is to eat meat and go in for sports to gain muscles and not to become fat.

Well, crypto is challenging and I am 100% sure it will even gain more popularity in the future. It is worlwide and helps to earn money in case you have the logic and are open minded.

Japan, Kyoto - amazing views!! You'd bettter go there in May and in November..

I think it's our real salvation! Clean air and gasoline use reduction - what can be better??

Often 5-6 hours.. and I look like a walking corpse 

Interesting project. Will you make a bounty program?

you both made me laugh and understand a bit more... thanks

But you don't need to say so many times that I don't know what I'm talking about, because I really don't.

So I need to ask the stupid questions the best way I know, it's part of the learning process

Getting back to the main question, If I didn't miss anything in the posts its not clear yet the answer to this question:

With current available technology (Considering ASICs and Current Quantum Computing), whats the max Bitcoin Private keys mankind is able to generate per second with ONE central unit of processing working at 100%?

Is there some mathematical formula to calculate this?

We are talking about Private Key generations... Can some guru out there have a look at my posts and give some scientific answer to my concerns?

I think not only me, but the Bitcoin community would appreciate that.

https://bitcointalk.org/index.php?topic=961023.msg10511395#msg10511395

Satoshi, you there?

1. So the average CPU is able to generate 1-10 MILLION Mining hashes per second, is this the same rate for Private Key generations?

2. Good.

3. Maybe not.

4. I don't like to keep calm.

5. Are you aware that in the 80s the cyber gurus at the time got to the conclusion that it wouldn't be possible to generate a crypto based money? Look what came up 30 years later... Read about Cypherpunks...

So don't expect that the unthinkable won't happen one day.

Ah... so miners cannot use their miners for private key generation. That gives us more time

Great, but let us consider this:

Lets say someone makes a device able to generate 1 TH/s of Bitcoin Private keys, is this possible with current technology?

How much different are ECDSA operations from the Mining operations in terms of CPU power?

assuming that this is currently possible, it leverages the basic Private Key generation by TRILLIONS, then to crack all Bitcoin Private Keys in 1 second (Yes in one second) it would just required 4 evolution at the same rate of 1 Trillion times.

Lets assume, currently there is the possibility to generate 1 Private Key TeraHashes per second (ECDSA operations)

This is an evolution of 1 Trillion times since Bitcoin is out there.

If we follow the same rate of evolution:

2009 to 2015... Hash Generation evolution / Second: +1 Trillion Times (1000000000000)
2015 to 2021... Hash Generation evolution / Second: +1 Trillion Times (1000000000000 x 1000000000000)
2021 to 2027... Hash Generation evolution / Second: +1 Trillion Times (1000000000000 x 1000000000000 x 1000000000000)
2027 to 2033... Hash Generation evolution / Second: +1 Trillion Times (1000000000000 x 1000000000000 x 1000000000000 x 1000000000000)

According to this thread here, there are 2^160 possible addresses:

https://bitcointalk.org/index.php?topic=24268.0

So if we divide 2^160 with 1000000000000^4 we get about 1 second... (if I'm not messing up the calculations somehow )

So, you see my concern? and this is to generate all possible private keys in 1 SECOND.

Maybe I should ask like this: with current available technology (Considering ASICs and Current Quantum Computing), whats the max Bitcoin Private keys mankind is able to generate per second with ONE central unit of processing?

If we know this number, we may know exactly how much time we have left.

nice pic.

However, I'm not influenced by soft sentences and big pictures, I need to have solid proofs to feel safe.

A normal CPU out there, running at 10% its max speed is able to generate between 1 to 10 Hashes per second. (at least it was so with some tests I made some time ago, but it can take a bit more with some performance enhancements)

If you consider an available miner on the market, they are already able to generate 1 TeraHashes PER Second, that already counting with all calculations and everything.

Basically multiplies a basic computer power by TRILLIONS of times and all of this in just 6 years.

So I think its time for us (bitcoiners) to start worrying about the security of our addresses.

Thats why I'm asking these questions, can the TH/s capabilities used by ASIC miners be used to generate Bitcoin private Keys?

If yes, we may be running out of time and Bitcoin developers will probably have to update the Bitcoin hashing very soon and this would probably be bad news for the market.

If no, we may have a bit more time, but with quantum computing on the rise we may have to think about this in few years.

Just consider that Satoshi lost his private keys and has no access to this addresses and someone is able to crack his addresses, Bitcoin will die the next day.

I hope he still has access to his addresses and is alive when the Bitcoin developers have to update the Bitcoin hashing.... so he can still transfer his bitcoins to a new generation address.

Maybe I was not clear enough.

By "cracking hashes" or "destroying Bitcoin from the inside" I mean... guessing all or as many as possible Bitcoin private keys out there. (And therefore unlocking all addresses out there, including, for example, hacking into Satoshi addresses)

I don't understand exactly how mining works but I assume it generates something different than private keys?

You cannot use a miner to crack Private Keys, because to crack private keys you have to have an input string that changes over iterations, but mining ASICs are not designed in this way... right?

So based on this, my question is, what if someone designs an ASIC specifically to crack Bitcoin Private Keys? Is this even possible?

We have a new trend rising, of quantum computing, if someone is able to combine quantum computing in an ASIC way, this may generate much much more than 1 TH/s... like 1 Million TH/s or even more.

But if you are telling that people can use miners to crack Bitcoin Private Keys, then my question is different: How long until everything falls apart?