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Bitcoin => Bitcoin Discussion => Topic started by: Seal on February 08, 2016, 04:09:27 PM



Title: Global Bitcoin Computing Power
Post by: Seal on February 08, 2016, 04:09:27 PM
Back in 2013, this Forbes contributor mentioned that by crude calculations, Bitcoin's hash rate equated to 256 times faster then the top 500 supercomputers combined:

http://www.forbes.com/sites/reuvencohen/2013/11/28/global-bitcoin-computing-power-now-256-times-faster-than-top-500-supercomputers-combined/#3015c8e28b76

Has anyone done a more recent analysis of this?


Title: Re: Global Bitcoin Computing Power
Post by: LiteCoinGuy on February 08, 2016, 04:56:10 PM
i estimate 5000000 times more  :D  (but hopefully someone has a better calculation ;) )


Title: Re: Global Bitcoin Computing Power
Post by: bargainbin on February 08, 2016, 05:10:31 PM
Back in 2013, this Forbes contributor mentioned that by crude calculations, Bitcoin's hash rate equated to 256 times faster then the top 500 supercomputers combined:

http://www.forbes.com/sites/reuvencohen/2013/11/28/global-bitcoin-computing-power-now-256-times-faster-than-top-500-supercomputers-combined/#3015c8e28b76

Has anyone done a more recent analysis of this?

Unlike the Bitcoin network, what makes "supercomputers" super is they can solve more than one problem, they're "programmable."
Think of the Bitcoin network as a whole shitload of circa '70 pocket calculators, with all the keys broken except for the (number) 2 and the plus sign.
So as long as you don't care what number you add "2" to, you can do it super fast by using Bitcoin :)


Title: Re: Global Bitcoin Computing Power
Post by: gentlemand on February 08, 2016, 05:31:42 PM
I like that analogy very much. There's little or no point in attempting to compare the two. They're fundamentally different beasts.