{"repo":"lukechilds/howmanyconfs.com","free":true,"listed":false,"github":"https://github.com/lukechilds/howmanyconfs.com","clone":"git clone https://github.com/lukechilds/howmanyconfs.com.git","description":"How many confirmations are equivalent to 6 Bitcoin confirmations?","language":"JavaScript","stars":64,"topics":["bitcoin","cryptocurrency","proof-of-work"],"license":"MIT","category":"blockchain-web3","readme_excerpt":"howmanyconfs.com How many confirmations are equivalent to 6 Bitcoin confirmations? - howmanyconfs.com Compare the time required for an equivalent amount of work to be completed between different Proof-of-Work blockchains. How are these values calculated? It's easy to compare blockchain hashrates when the Proof-of-Work algorithm is the same. For example if Bitcoin has a hashrate of SHA-256 @ 150,000 PH/s and Bitcoin Cash has a hashrate of SHA-256 @ 3,000 PH/s, it's easy to see that for a given period of time the Bitcoin blockchain will have 50x (150,000/3,000) the amount of work securing it than the Bitcoin Cash blockchain. Or to say that differently, you need to wait for 50x more Bitcoin Cash confirmations before an equivalent amount of work has been done compared to the Bitcoin blockchain. So 6 Bitcoin confirmations would be roughly equivalent to 300 Bitcoin Cash confirmations in terms of the amount of work done. However if the Proof-of-Work algorithms are different, how can we compare the hashrate? If we're comparing Bitcoin (SHA-256 @ 150,000 PH/s) against Litecoin (Scrypt @ 350 TH/s), the hashes aren't equal, one round of SHA-256 is not equivalent to one round of Scrypt. What we really want to know is how much power is being consumed on each chain to provide the current hash rate. Literal power, as in watts. So how can we calculate that? Well it's actually pretty simple. - Find the most advanced publically available hardware for a chains PoW algorithm. - Calculate the dev","default_branch":null,"files":null,"tree":[],"storefront":"/r/lukechilds","claimed":false,"request_supported":{"post":"https://gitbuyer.com/r/lukechilds/howmanyconfs.com/request-supported","requests":0},"note":"indexed from public GitHub; nothing is for sale on this page. Clone it from GitHub. Paid listings live at /search."}