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DeathAndTaxes
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Gerald Davis
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September 18, 2012, 01:39:28 AM Last edit: September 18, 2012, 01:57:21 AM by DeathAndTaxes |
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No nothing even comes close (like within 20% of Bitcoin). That also applies to centralized projects too (grid computing, super computers, cloud networks, etc). Absolutely nothing is even in the same magnitude.
There is some controversy though. The Bitcoin network uses integer operations. So technically the Teraflops (floating point ops) of the network is always 0.0 and always will be 0.0. Given almost every measurement of computing power measuring floating point the Bitoin floating point estimate exists simply to allow some kind of comparison to other projects. That being said there is no way to calculate the TFLOPS the Bitcoin network WOULD be capable of (if it ran floating point computations). The estimate should be seen as a "best guess" only. That being said Bitcoin is sooooooooooooooooooooooooooooooooooooooooo far ahead of anything else the crude estimate is likely "good enough".
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Elwar
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Viva Ut Vivas
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September 18, 2012, 01:54:23 AM |
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There is a project out there called Internet that uses a lot of CPU.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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oldschool
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September 18, 2012, 02:00:01 AM |
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There is a project out there called Internet that uses a lot of CPU.
I'd bet if you took the combined computing power of the entire internet it still wouldn't be anywhere close.... It doesn't take a lot of computing power to serve or view webpages.
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jojo69
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diamond-handed zealot
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September 18, 2012, 02:06:56 AM |
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no, bitcoin is far and away the most powerful computing effort humanity has ever produced, it dwarfs folding at home and government supercomputers...kind of makes you think...
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable. Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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oldschool
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September 18, 2012, 02:09:53 AM |
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no, bitcoin is far and away the most powerful computing effort humanity has ever produced, it dwarfs folding at home and government supercomputers...kind of makes you think...
The only reason for this is money though. If any of the other programs offered money as a reward for computing at the rate bitcoin does, they'd be taking a large chunk out. Makes you think of how greedy people are haha
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grondilu
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September 18, 2012, 02:17:13 AM |
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The only reason for this is money though. If any of the other programs offered money as a reward for computing at the rate bitcoin does, they'd be taking a large chunk out. Makes you think of how greedy people are haha And it's also a pity. Might be an opportunity for me to advert for my proposal about folding molecules instead of computing sha-256: https://bitcointalk.org/index.php?topic=108888.0
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BinaryMage
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September 18, 2012, 02:18:55 AM |
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There is a project out there called Internet that uses a lot of CPU.
I'd bet if you took the combined computing power of the entire internet it still wouldn't be anywhere close.... It doesn't take a lot of computing power to serve or view webpages. It depends if you're talking about the computing power dedicated or the power actively used at any given time. The former is still much higher, but the latter, perhaps not.
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jojo69
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diamond-handed zealot
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September 18, 2012, 02:35:01 AM |
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The only reason for this is money though. If any of the other programs offered money as a reward for computing at the rate bitcoin does, they'd be taking a large chunk out. Makes you think of how greedy people are haha And it's also a pity. Might be an opportunity for me to advert for my proposal about folding molecules instead of computing sha-256: https://bitcointalk.org/index.php?topic=108888.0Uhhhh, the sha-256 computation secures the blockchain, kind of important
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable. Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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grondilu
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September 18, 2012, 02:45:52 AM |
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Uhhhh, the sha-256 computation secures the blockchain, kind of important
My proposal consists in doing both: securing the block chain while folding molecules.
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cypherdoc
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September 18, 2012, 03:00:24 AM |
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can a teraflop supercomputer be configured to crunch integer operations?
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mcdett (OP)
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September 18, 2012, 03:09:10 AM |
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Uhhhh, the sha-256 computation secures the blockchain, kind of important
My proposal consists in doing both: securing the block chain while folding molecules. your proposal involves forking the blockchain for your cause. There may be other causes more valuable to society over time (which will constantly change). One thing we all agree has value is a device that can store our productive output in a unit to be transferred to others for their productive output.
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grondilu
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September 18, 2012, 03:21:20 AM |
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your proposal involves forking the blockchain for your cause. There may be other causes more valuable to society over time (which will constantly change). One thing we all agree has value is a device that can store our productive output in a unit to be transferred to others for their productive output.
No fork. A brand new chain used as a secondary, alternate cryptocurrency.
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flatfly
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760930
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September 18, 2012, 08:32:54 AM |
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your proposal involves forking the blockchain for your cause. There may be other causes more valuable to society over time (which will constantly change). One thing we all agree has value is a device that can store our productive output in a unit to be transferred to others for their productive output.
No fork. A brand new chain used as a secondary, alternate cryptocurrency. That's a pretty awesome idea actually!
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grondilu
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September 18, 2012, 09:21:38 AM |
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That's a pretty awesome idea actually!
Thanks. However, it's technically difficult and I'm not even sure it is possible. I think it is, but until someone actually implements it, nobody really knows.
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damnek
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September 18, 2012, 09:22:34 AM |
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can a teraflop supercomputer be configured to crunch integer operations?
Sure, you can think of an integer as being a float with only zeroes behind the decimal point.
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muyuu
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September 18, 2012, 09:41:23 AM |
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Those numbers in the Wikipedia article are from February 2012, computing power has more than doubled since. By any reasonable measure Bitcoin is the largest distributed computing effort by far.
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GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D) forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
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greyhawk
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September 18, 2012, 09:59:06 AM |
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Those numbers in the Wikipedia article are from February 2012, computing power has more than doubled since. By any reasonable measure Bitcoin is the largest distributed computing effort by far.
And the best thing is, it doesn't matter how much computing power you throw at bitcoin, the result (time between coins/transactions) is going to stay the same. For other projects, throwing more computer power at a problem results in faster solving of the problem. In bitcoin, thanks to adaptive difficulty, computing power is completely irrelevant, other than to decide who gets a block. The biggest computing effort in human history: fueled entirely by greed.
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Gabi
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If you want to walk on water, get out of the boat
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September 18, 2012, 11:09:20 AM |
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+1 to what Holliday said And no, no other project has more computing power than bitcoin. Of course they try to hide our power by removing us from FLOPs statistics because "bitcoin does 0 FLOPs"
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greyhawk
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September 18, 2012, 11:15:18 AM |
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Thankfully someone created money which has rules that can't be changed by those looking to line their own pockets.
Unless of course the 22 confirmed ASIC minirigs go online and immediately fork the chain. Current total bitcoin computing speed: ~ 21.000 GHash/s 22 ASIC minirigs: ~ 22.000 GHash/s
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