4 ms·
Is it cheaper yet to random walk the entire private key address space to look for wallets with value, than it is to generate Bitcoins, in terms of "dollars earn
by floatingatoll 7y ago
Is it cheaper yet to random walk the entire private key address space to look for wallets with value, than it is to generate Bitcoins, in terms of "dollars earned per hour/month/year"?
- kej 7y agoFrom the article: >Randomly generating an existing key is essentially impossible. If all 7 billion people on the planet generated a million keys per second for a century, a year later they would have on the order of 1025 new keys - the probability of any of those matching a previously-used key is far less than the probability of winning a lottery jackpot every day for three years. In other words, it’s impossible to “get lucky” and generate a duplicate key even if you have all the computational power on Earth and try for more than the average human lifespan.