5 ms·

I'm probably going to do one step wrongly and get laughed at, but here goes: 7 000 000 000 humans * 0.67 hashes per day = 4 690 000 000 hashes per day (or 5428

by Drakim 12y ago

I'm probably going to do one step wrongly and get laughed at, but here goes: 7 000 000 000 humans * 0.67 hashes per day = 4 690 000 000 hashes per day (or 54282.4074074 per second) 54282H/s would give us a daily profit of: 0.00078760 BTC ($0.30) So when the evil space aliens conquers the human race, they can put us to good use to generate 30 cents worth of Bitcoins for them every day (not counting human electricity cost aka food).

readerrrr 12y ago
With the reduced output the difficulty would lower, and we would generate whatever the demand would be.
- Drakim 12y ago
  You are assuming that the evil aliens would stop our machines from earning them Bitcoins? I was obviously operating on the assumption that these 30 cents would be the little extra they milk out of the useless human population after they have annexed our infrastructure and technology.
  - Retric 12y ago
    The latency would be way to high for any of those hashes to be added to the network.
kens 12y ago
Interesting idea, but I think you plugged 54Ghash/sec into the calculator instead of 54Khash/sec, so you're too high by a factor of a million. So it won't be worthwhile for aliens to put us to work in the Bitcoin mines and you can sleep soundly at night.
Keyframe 12y ago
Unless babies and the elders and the uneducated can do the arithmetic then number is way lower though.
baddox 12y ago
Or they could just force us to manufacture and support computers to generate many more Bitcoins for them every day.
nroets 12y ago
For humans to have a chance, the rate at which blocks are added to the chain will need to fall from once every 10 minutes to once every 36 hours (or longer). That will make bitcoin useless for most transactions.
a1k0n 12y ago
The current network hash rate is ~240e15 hashes/second (240 million gigahashes/sec). So 54282 hashes/second as a fraction of the current network hash rate is 226e-15, which would yield approximately 5.65e-12 bitcoins every 10 minutes or 814e-12 per day which at current prices (~$400) would be 325e-9 dollars. So your estimate of 30 cents a day is wildly optimistic.
dubcanada 12y ago
Just saying.. but not everyone is as good as everyone else in math. Also of your 7 billion, I'm not sure how many are mentally incapable of doing such work (maybe they are really old or really young, etc).

by Drakim 12y ago

readerrrr 12y ago

With the reduced output the difficulty would lower, and we would generate whatever the demand would be.

Drakim 12y ago
You are assuming that the evil aliens would stop our machines from earning them Bitcoins? I was obviously operating on the assumption that these 30 cents would be the little extra they milk out of the useless human population after they have annexed our infrastructure and technology.
- Retric 12y ago
  The latency would be way to high for any of those hashes to be added to the network.

kens 12y ago

Interesting idea, but I think you plugged 54Ghash/sec into the calculator instead of 54Khash/sec, so you're too high by a factor of a million. So it won't be worthwhile for aliens to put us to work in the Bitcoin mines and you can sleep soundly at night.

Keyframe 12y ago

Unless babies and the elders and the uneducated can do the arithmetic then number is way lower though.

baddox 12y ago

Or they could just force us to manufacture and support computers to generate many more Bitcoins for them every day.

nroets 12y ago

For humans to have a chance, the rate at which blocks are added to the chain will need to fall from once every 10 minutes to once every 36 hours (or longer). That will make bitcoin useless for most transactions.

a1k0n 12y ago

The current network hash rate is ~240e15 hashes/second (240 million gigahashes/sec). So 54282 hashes/second as a fraction of the current network hash rate is 226e-15, which would yield approximately 5.65e-12 bitcoins every 10 minutes or 814e-12 per day which at current prices (~$400) would be 325e-9 dollars. So your estimate of 30 cents a day is wildly optimistic.

dubcanada 12y ago

Just saying.. but not everyone is as good as everyone else in math. Also of your 7 billion, I'm not sure how many are mentally incapable of doing such work (maybe they are really old or really young, etc).