So I found this question: How much Bitcoin will I mine right now with hardware X?
I’m interested in understanding what exactly are the following values:
2^48. I know that the former is concerned with
16 bits? And if that is correct, then for the unsigned integer of
16 bit size, you can express
2^16 - 1 values (i.e. we do not count zero), so you get
65535. I do not understand why we plug it into this equation though:
(H*B/D) * (60*60*24 * 65535 * 10^6 / 2^48) = (H*B/D) * (5.662224e15 / 2^48) BTC per day (1)
But I also know that
D*((2^48)/65535) is the number of hashes (in Mhash) that you have to solve to find a block.
So the equation that I gave you, I can understand that
60*60*24 is number of seconds in a day. Let’s denote it as
(H*B/D) * (S * 10^6 * (65535 / 2^48))
So I assume,
10^6 is some kind of hash to Mhash modifier (and that makes sense because
65535/2^48 is inversed, so we have to multiply and not divide).
So my question is, what is
2^48. And then what is
2^48/65535 and what is
65535/2^48. Please be technical, but clear. Thank you.
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