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Bitcoin networks surpasses 2^80 hashes per week

On Mon, Dec 8, 2014 at 6:23 AM, Joseph Birr-Pixton <[email protected]> wrote:
> On 8 December 2014 at 10:40, Ryan Carboni <[email protected]> wrote:
>> https://blockexplorer.com/q/hashestowin
>> log(171833398380382098659*24*60*7)/log(2)
> I think your calculation is slightly off. hashestowin is the average
> number of hashes you need to perform to win the current block. It's
> not necessarily the case that a block is calculated each second: in
> fact one is found (on average) each 625 seconds[1].
> So that gives:
>>>> log(171833398380382098659*24*60*7/625)/log(2)
> 71.23
> [1] https://blockexplorer.com/q/interval

Average hashes to win something amongst your peers is one way
to think of it. Easier look at overall compute power deployed.
This graph is more telling and running at about 310 PH/s worth of
double SHA-256. (Around 2^77.x per week.)


Generalize the subject a bit further...


Work the sum of all those into basic compute ops, bits per sec, gates
per dollar, watts per dollar, etc. Then assume adversary can at least
duplicate it, and apply the result into a similarly customized ASIC
compute base against some crypto target of choice like RSA-1024,
SHA-1, RC4... something realworld in each of asym/hash/sym.
Or even just to disrupt Bitcoin.

What do you get?

> Naturally even a 2^64 collision attack requires implausible amounts of storage

Storage vs. time tradeoff applies as usual.