Comments (4)
If we compare the difficulty overview to your overview for example BTC vs. BCH there is 21,61x more mining Power in Bitcoin but als the Difficulty is 20,5x higher than BCH. Is we multiplied the Hashrate 2418 x 20,5 its like 49,569 the different here is ~5% and not x22
The difficulty is 20x higher because it has 20x more hashrate. It's already indirectly taken into account by using the NiceHash costs.
If we do some simple math here - 53000000 MH/s / 580 MH/S = 91379
your statement looks like "1 x S17 is comparable to 91379 x L3+ and this is nonsense.
I'm really not sure what you mean by this. You're comparing hashes per second across different hashing algorithms so the values are not directly comparable. The calculations I'm using don't do that.
Did you read through the whole readme? I explain in detail the calculations I'm doing and what they mean.
from howmanyconfs.com.
The difficulty is 20x higher because it has 20x more hashrate. It's already indirectly taken into account by using the NiceHash costs.
There is no difficulty in the Nicehash costs included... if we compare BTC, BCH, BSV and LCC this
coins are all SHA-256 and cost all the same amount 1 PH / Day - 0,043 BTC
1 PH / Script = 600 BTC each Day
1 PH / SHA256 = 0.043 BTC each Day
Its still nonsense to compare the price rates talk about this coin is "slower" or "faster" its just cheaper or expensiver to rent the power.
Also Proof of Work dont do "more work" for more Power, its just a randon game where the nounce
it getting higher and higher till the Blockhash is valid. Its also not a indicator for Blockchain speed.
The main indicators for blockchain speed like Difficulty, Blocktime, als Blocksize are not considered in your overview and its still a joke to compare the "rent cost" and give a statement about the chain speed.
from howmanyconfs.com.
Also Proof of Work dont do "more work" for more Power
Yes it does, that's literally what it means. "work" = "how much energy is consumed".
Its also not a indicator for Blockchain speed.
It depends what you mean by speed here. In this instance we are talking about how much time it takes to have the same amount of "work done" to secure a blockchain.
If Bitcoin has 20x the amount of energy/hashrate/work on it than BCH, then it will take 20x longer before a BCH transaction is backed by the same thermodynamic guarantee of immutability as a BTC transaction. Therefore, in the context of thermodynamic backed immutability, BCH is 20x slower.
The main indicators for blockchain speed like Difficulty, Blocktime, als Blocksize are not considered in your overview and its still a joke to compare the "rent cost" and give a statement about the chain speed.
All we care about is how hashrate translates to energy cost so we can compare hashrate across different algorithms. Block time/difficulty are indeed taken into account because we use the hashrate of the entire chain and divide that by the current average block time. Difficulty is dynamically adjusted as a product of hashrate and blocktime.
When we talk about speed in this context, it's not a race to see who can get the most confirmations first or a single confirmation first. It's a race to see who can accumulate an amount of work equivalent to 6 BTC confirmations first.
from howmanyconfs.com.
Please fully read the readme before continuing the discussion. Everything is explained there.
Feel free to ask any questions if anything is unclear.
from howmanyconfs.com.
Related Issues (19)
- Dash has Chainlocks and LLMQ InstantSend and now requires 0 conf to be more secure than 6 bitcoin confirmations HOT 1
- Dash Chainlocks HOT 1
- Site is down
- The fastest cryptocurrency (Nano) is missing from the website HOT 1
- KMD stats HOT 2
- Fix ETH/DaggerHashimoto calculations HOT 8
- "1x slower" should be "same" HOT 1
- Sort order should display fastest confirming coin in position #1 rather than be hard-coded to Bitcoin. HOT 1
- Please Add Cardano (ADA) HOT 1
- Relative confirmation speeds should be computed relative to fastest confirming coin, rather than always compare to Bitcoin HOT 1
- Miner revenue is a more accurate metric
- adding DCR Decred HOT 3
- Please add Kadena
- Time to add Kaspa, already the #4 most secure PoW network
- Price x block / double spend HOT 1
- Add Viacoin HOT 2
- Sorting by Proof of Work, doesn't work... HOT 2
- A dash transaction is now as secure as a 6 conf bitcoin transaction in about 2 seconds HOT 5
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