A hashrate of 1.42 EH/s, really?

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According to http://bravenewcoin.com/news/number-of-bitcoin-miners-far-higher-than-popular-estimates/ there are 100,000 miners and blockchain.info claims a hashrate of 1.42 EH/s.

How is it possible to be mining on Bitcoin at a hashrate of 1.42 EH/s with just 100,000 miners?

That would yield 14.2 TH/s per miner, while best ASICs are performing around 1 TH/s https://en.bitcoin.it/wiki/Mining_hardware_comparison

Juan Ignacio Pérez Sacristán

Posted 2016-05-29T09:29:21.157

Reputation: 165

From the chart you posted, the best ASIC on the chart is the Antminer S5+ which yields 7.7 TH/s. – Jimmy Song – 2016-05-29T13:36:57.487

Right, but I guess not every miner is using Antminer S5+... – Juan Ignacio Pérez Sacristán – 2016-05-29T16:14:25.320

A a single miner could be using 200 Antminer S5+ units though – kaykurokawa – 2016-05-29T17:23:59.417

1It's not really clear from that article whether a "miner" refers to a device, or a person, or an organization, or what. – Nate Eldredge – 2016-05-29T17:49:36.360

Answers

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A miner should not be correlated with a device. I can have 10 devices and I will still be a single miner from the perspective of the pool. I can have a mining farm with thousand devices and I can still look like a single miner to the pool.

Also note that a miner, in the above sense, is just a person that provides hashing power to a pool that runs a mining node; i.e. there are much less mining nodes.

karask

Posted 2016-05-29T09:29:21.157

Reputation: 2 089

Asked: 2016-05-29T09:29:21.157

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Active: 2016-05-30T12:28:27.153