I am doing a presentation on Bitcoins and I was looking for some calculations to make people feel safe about the private key encryption. Please first answer, how long in bytes the private key is, then how many combinations of numbers it will contain, and then what is the fastest computer or network of supercomputers and how long it would take to crack a private key using that computer. I think the result would be very educational based on my own calculations. Thank you.
Many will give lots of excuses why this is not relevant, but the fact is that the party line of "it is effectively impossible to crack bitcoin private keys" is a demonstrably false statement. Keys have been cracked, and it did not billions of billions of years.
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