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Title: Mining with a super computer Post by: Midget_King on November 22, 2013, 03:40:55 PM I'm not a techy so I may be off with my speculation.
Lets suppose someone with a super computer, such as china with their Tiahne-2, decide to start mining bitcoins. Wouldn't this one computer, doing 33 Petaflops/s, push everyone else out? Maybe I am just crazy and lack some kind of understanding, but if someone was able to use these super computer to begin mining, they wouldn't give anyone else a chance. I guess I am waiting to see what going to happen when a few college kids with access to these supper computers start mining with them for a weekend or two at a time. What do you think will happen if a bunch of super computer begin mining? would the public notice? Is this already happening? What if someone hacked one and began using it to mine for themselves? Title: Re: Mining with a super computer Post by: MethodMan on November 22, 2013, 08:30:15 PM This is something that I have wondered about myself as well. Looking forward to the answers! :)
Title: Re: Mining with a super computer Post by: Prizak on November 22, 2013, 08:41:05 PM Would that not then just mean whoever has the fastest computer makes the most money?
Title: Re: Mining with a super computer Post by: BuhTuglia on November 22, 2013, 08:45:09 PM Lets suppose someone with a super computer, such as china with their Tiahne-2, decide to start mining bitcoins. Wouldn't this one computer, doing 33 Petaflops/s, push everyone else out? What do you think will happen if a bunch of super computer begin mining? would the public notice? Is this already happening? What if someone hacked one and began using it to mine for themselves? You mean CPU mine, with a supercomputer, with fabulous speed and thousands of cores? I have no idea if even a multi-core supercomputer could outmine an ASIC chip, but you'd think it'd do pretty good at least. Somebody might be doing it. Somebody might have hacked one, and be doing it right now, how would we know? In all honesty I imagine supercomputer time is more expensive than what you could make doing BtC, so you'd probably have to do it on the sly. From my little experience on supercomputers back in the 70's and 80's, you had to schedule time on them months in advance, I don't know if it's changed by now or not. Back then everything was batch processing, pretty much. Interesting to speculate on, in any case. Title: Re: Mining with a super computer Post by: zxcvbnm123 on November 22, 2013, 08:52:29 PM No need to worry about that :)
http://www.extremetech.com/extreme/155636-the-bitcoin-network-outperforms-the-top-500-supercomputers-combined Quote 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. And the processing power has increased a lot since May. Just ask the miners ;). Supercomputers couldn't touch us :D Prizak: Yes that is the intention :) |