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The Bitcoin network now outstrips the top 500 supercomputers combined

One of the world’s fastest supercomputers, is capable of 16.32 petaflops, but that’s only 1.6 per cent of the estimated power of the Bitcoin mining network. As it turns out, the processing power of these computers dedicated to mining for Bitcoins is somewhere between six and eight times greater than all of the top 500 supercomputers combined...

...Instead of looking for virtual money, this network could be used to help us understand physics or even cure diseases. While it would most certainly be better for humanity to fold proteins or search for radio signals with distributed computing of this scale, it just isn’t that appealing. The fact is, none of that is as enticing as getting paid...

Read more:
http://www.itproportal.com/2013/05/14/bitcoin-power-the-bitcoin-network-now-outstrips-the-top-500-supercomputers-combined/#ixzz2bcIS5Mo3

wasnt the 'bitcoincompany' involved with a prepaid card scam a few months back. where a french guy was offering a UK debit card funded with dollars, on a very shady looking website?


edit
https://bitcointalk.org/index.php?topic=189119.0

ah yes now i remember, registration address was baker street, london(sherlock holme's neighbour lol) which is a POBox address. they were asking for 500BTC for a 5% share of company 'profits' not 5% of company ownership. making it truly easy for them to 'say' they only made 2 satoshi in profit in year one, giving no return to investors.

and lastly. for guys supposedly with decades of pre-paid card issuing experience, they seem to be using the most expensive card issuer that google provides on the first page of a google search of card issuers

Why is this listed on a Bitcoin classified for sale site? They are setting up a new exchange but can't be bothered to have a domain?

This is pretty dumb.  The only thing mining does well is SHA2 hashing.  It is useless for "understanding physics" or even "curing diseases".  It can't "fold proteins" or "search for radio signals".  Just SHA2 hashing.

That's just a snippet from the article. I'm sure the author was trying to say that perhaps one day people will be smart enough to figure out how to use all of those super math calculations to figure out useful things.

Lol IPO .1 per share  :D