Is there a larger known networked computing project?

[Come-from-Beyond]

According to [1] we're on top of the world with combined cpu.

Descendant of http://en.wikipedia.org/wiki/ECHELON could have more, much more CPU power.

[arklan]

According to [1] we're on top of the world with combined cpu.

Descendant of http://en.wikipedia.org/wiki/ECHELON could have more, much more CPU power.

good luck finding out for sure!

[Elwar]

It would be beneficial for someone to come in behind Bitcoin and offer up a small reward based project that can utilize older mining machines which are of less use because people have moved on to faster machines.


There will likely be a bunch of GPU machines out there that will be outdated when it comes to mining. Just as CPU mining reverted to being people's regular computers.

[foggyb]

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.

The biggest computing effort in human history: fueled entirely by greed.

Most of the world spends 8-12 hours average a day working to get money so they can eat and have a better life for themselves and their families. Is that greed?

Myself and many others mine bitcoin as supplemental income. I'm making a buck fifty a day mining. Is that greed? Am I greedy for wanting that buck fifty?

If you want to talk about greed, see the banksters and monopoly men. JP Morgan. The Rockefellers. Donald Trump. Warren Buffet. Bill Gates. Those men fit your labeling much more closely. And I am sure they sneer at bitcoin (if they've heard of it).

[Transisto]

Then were is our Guinness Book of record submission at ?

[mcdett]

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

Source please.  I haven't been lurking here for a long time.

[giszmo]

Last year I did a rough estimate and came to the conclusion that if you wanted to hire super computers #1 down to whatever it takes, you would end up hiring the top 40 to run a 51% attack for as long as you want to keep the attack up.
I only looked at their GPU's and basically accounted 0 for all that only had CPUs which might be slightly incorrect.

[greyhawk]

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

Source please.  I haven't been lurking here for a long time.

Current total hashrate: http://bitcoin.sipa.be/

BFL ASIC minirigs are specced @ 1000 GHash/s (the one to the right, not the middle one): http://www.butterflylabs.com/products/

[giszmo]

Last year I did a rough estimate and came to the conclusion that if you wanted to hire super computers #1 down to whatever it takes, you would end up hiring the top 40 to run a 51% attack for as long as you want to keep the attack up.
I only looked at their GPU's and basically accounted 0 for all that only had CPUs which might be slightly incorrect.

… of course this does not answer the question

Is there a larger known networked computing project?

Those super computers are programmable to do all kind of shit while in the age of ASICs we will have very dumb nodes that will not be suitable for anything but bitcoin, which is kind of sad.

[phelix]

Then were is our Guinness Book of record submission at ?

here: https://bitcointalk.org/index.php?topic=29722

Unfortunately stalled.

With more and more fpgas and asics coming we need to formulate the record differently, though.

[mcdett]

BFL ASIC minirigs are specced @ 1000 GHash/s (the one to the right, not the middle one): http://www.butterflylabs.com/products/

Is there 3rd party proof of their existence/performance (in the wild), or is it anther scam (no shortage of those)?

[kjj]

Then were is our Guinness Book of record submission at ?

here: https://bitcointalk.org/index.php?topic=29722

Unfortunately stalled.

With more and more fpgas and asics coming we need to formulate the record differently, though.

The net total speed of the bitcoin network in FLOPS is exactly zero.  I'm not sure that anyone has ever bothered to measure or record the fastest integer system.  We kinda suspect that we might be it, but as far as I know, there is no official record.

[greyhawk]

BFL ASIC minirigs are specced @ 1000 GHash/s (the one to the right, not the middle one): http://www.butterflylabs.com/products/

Is there 3rd party proof of their existence/performance (in the wild), or is it anther scam (no shortage of those)?

That is a very interesting question indeed.

Considering the way this whole thing is structured (full prepayment for preorders, no refunds until start of shipping, no real adress, incorporation and domain setup through proxy agents, telephone # is assigned to a mobile phone) it's perfectly set up for very very interesting results. I'll let everyone draw their own conclusions what kind of results.

[Come-from-Beyond]

BFL ASIC minirigs are specced @ 1000 GHash/s (the one to the right, not the middle one): http://www.butterflylabs.com/products/

Is there 3rd party proof of their existence/performance (in the wild), or is it anther scam (no shortage of those)?

That is a very interesting question indeed.

Considering the way this whole thing is structured (full prepayment for preorders, no refunds until start of shipping, no real adress, incorporation and domain setup through proxy agents, telephone # is assigned to a mobile phone) it's perfectly set up for very very interesting results. I'll let everyone draw their own conclusions what kind of results.

Maybe a credit with 0% interest? We'll just get our coins back and some excuses like "sry, we failed to create the product, here is ur money back".

[MatthewLM]

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.

I just need to say that you are thinking of the world wide web.  Technically bitcoin is part of the internet so therefore the internet as a whole has to me more powerful.

[phelix]

Then were is our Guinness Book of record submission at ?

here: https://bitcointalk.org/index.php?topic=29722

Unfortunately stalled.

With more and more fpgas and asics coming we need to formulate the record differently, though.

The net total speed of the bitcoin network in FLOPS is exactly zero.  I'm not sure that anyone has ever bothered to measure or record the fastest integer system.  We kinda suspect that we might be it, but as far as I know, there is no official record.

sure. but if you have a fast car and live in place where you are never allowed to go faster than 70miles/hour you might still want to brag about how fast your car could go. 

[adamstgBit]

I kinda feel sorry for all the spent GPU's out there forced to calculate a problem to which the solution is worthless. it would be cool if the network was used to calculate something like the next prime number...

[arklan]

I kinda feel sorry for all the spent GPU's out there forced to calculate a problem to which the solution is worthless. it would be cool if the network was used to calculate something like the next prime number...

well the calculation ITSELF is kinda useless, but then it's purpose is to secure the network and all transactions of a (currently) hundred million dollar and growing economy. that aspect is far from useless. indeed, it's the core of bitcoin in many ways.

[foggyb]

I kinda feel sorry for all the spent GPU's out there forced to calculate a problem to which the solution is worthless. it would be cool if the network was used to calculate something like the next prime number...

Wow, I can't think of a better thing to devote my computing power to, than open-source, decentralized, power-to-the-people, currency.

Centralized money is the root cause of much misery and suffering in the world.

[greyhawk]

I kinda feel sorry for all the spent GPU's out there forced to calculate a problem to which the solution is worthless. it would be cool if the network was used to calculate something like the next prime number...

well the calculation ITSELF is kinda useless, but then it's purpose is to secure the network and all transactions of a (currently) hundred million dollar and growing economy. that aspect is far from useless. indeed, it's the core of bitcoin in many ways.

and it could be done with 10 Pentiums if there wasn't an arms-race going on for purposes of "Dude, I need more of dem bitcoins than George next door."