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Author Topic: Bitcoin network is in serious danger - 8.2 petaflop/s by “K Computer”  (Read 5394 times)
becoin
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June 20, 2011, 07:07:33 PM
 #1

Current network hashrate is 103915 teraflop/s while a single super computer is able to make 8.2 petaflop/s.

Quote
“It’s a very impressive machine,” Mr. Dongarra said. “It’s a lot more powerful than the other computers.”

The latest ranking of the top 500 computers, to be released Monday, is determined by running a standard mathematical equation. The winning computer was able to make 8.2 quadrillion calculations per second, or in more technical terms, 8.2 petaflops per second.

The performance of K is equivalent to linking around one million desktop computers, Mr. Dongarra said.
http://www.nytimes.com/2011/06/20/technology/20computer.html

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Synaptic
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June 20, 2011, 07:08:17 PM
 #2

Current network hashrate is 103915 teraflop/s while a single super computer is able to make 8.2 petaflop/s.

Quote
“It’s a very impressive machine,” Mr. Dongarra said. “It’s a lot more powerful than the other computers.”

The latest ranking of the top 500 computers, to be released Monday, is determined by running a standard mathematical equation. The winning computer was able to make 8.2 quadrillion calculations per second, or in more technical terms, 8.2 petaflops per second.

The performance of K is equivalent to linking around one million desktop computers, Mr. Dongarra said.
http://www.nytimes.com/2011/06/20/technology/20computer.html

Yeah cause bitcoin is serious business to people besides us basement dwellers...

Be afraid everyone.
ivank2139
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June 20, 2011, 07:14:05 PM
 #3

At some point the entire network is going to come alive with an AI.  the first thing it might do is hide the fact that is has become aware and sentient.  the next thing would be to insure it's continued existence.  I guess after that it starts looking for a mate.   Grin
TraderTimm
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June 20, 2011, 07:14:20 PM
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Yeah cause trolling is serious business to people besides us basement dwellers...

Be afraid everyone.

Fixed that for you.

fortitudinem multis - catenum regit omnia
Vanquistador
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June 20, 2011, 07:15:08 PM
 #5

Current network hashrate is 103915 teraflop/s while a single super computer is able to make 8.2 petaflop/s.

Quote
“It’s a very impressive machine,” Mr. Dongarra said. “It’s a lot more powerful than the other computers.”

The latest ranking of the top 500 computers, to be released Monday, is determined by running a standard mathematical equation. The winning computer was able to make 8.2 quadrillion calculations per second, or in more technical terms, 8.2 petaflops per second.

The performance of K is equivalent to linking around one million desktop computers, Mr. Dongarra said.
http://www.nytimes.com/2011/06/20/technology/20computer.html

Yeah cause bitcoin is serious business to people besides us basement dwellers...

Be afraid everyone.

Until a basement dweller installs a bitcoin client on that computer and runs it for an hour.  Bazinga-he now has tons of bitcoins.

Edit:  And the difficulty gets automatically raised after he mines the X amount needed for the increase.  heh
DamienBlack
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June 20, 2011, 07:25:19 PM
 #6

Measuring in flops is silly, hashes don't use and floating point operations. Anyway, using your numbers, that means that the network is 103 petaflops, so another 8 isn't that much.

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xenon481
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June 20, 2011, 07:26:14 PM
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The entire Bitcoin Mining network produces 0 FLOPS.

Floating Point operations are not utilized within Bitcoin Mining. For all we know, the referenced "K Computer" may not be able to even do 1MH/s due to an architecture organized purely for maximizing FLOPS.

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Synaptic
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June 20, 2011, 07:26:27 PM
 #8

Current network hashrate is 103915 teraflop/s while a single super computer is able to make 8.2 petaflop/s.

Quote
“It’s a very impressive machine,” Mr. Dongarra said. “It’s a lot more powerful than the other computers.”

The latest ranking of the top 500 computers, to be released Monday, is determined by running a standard mathematical equation. The winning computer was able to make 8.2 quadrillion calculations per second, or in more technical terms, 8.2 petaflops per second.

The performance of K is equivalent to linking around one million desktop computers, Mr. Dongarra said.
http://www.nytimes.com/2011/06/20/technology/20computer.html

Yeah cause bitcoin is serious business to people besides us basement dwellers...

Be afraid everyone.

Until a basement dweller installs a bitcoin client on that computer and runs it for an hour.  Bazinga-he now has tons of bitcoins.

Edit:  And the difficulty gets automatically raised after he mines the X amount needed for the increase.  heh

Well good for him. Maybe he can afford himself some self esteem with all that glittery website gold.
bitcoinminer
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June 20, 2011, 07:32:58 PM
 #9

http://www.youtube.com/watch?v=avaSdC0QOUM

I got my swim trunks... and my flippy floppies...

Be fearful when others are greedy, and greedy when others are fearful.

-Warren Buffett
Astro
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June 20, 2011, 07:36:06 PM
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Man Synaptic, you're one bitter motherfucker.  Sorry to hear about your horrible trades and bad judgement.  How many more days of lashing out should we expect?
becoin
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June 20, 2011, 07:37:22 PM
 #11

Measuring in flops is silly, hashes don't use and floating point operations. Anyway, using your numbers, that means that the network is 103 petaflops, so another 8 isn't that much.
DamienBlack, I'm quoting a respectful source -  http://www.bitcoinwatch.com/

Quote
Network Hashrate Gigahashs/s - 8166.60
Network Hashrate TeraFLOP/s - 103716

I'm sorry you think this is trolling.

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Synaptic
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June 20, 2011, 07:37:41 PM
 #12

Man Synaptic, you're one bitter motherfucker.  Sorry to hear about your horrible trades and bad judgement.  How many more days of lashing out should we expect?

Hey buddy, I'm just spreading the love that the bitcoin community sowed.

I love you though, never forget how much I do care about you, Astro.
Astro
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June 20, 2011, 07:39:08 PM
 #13

Man Synaptic, you're one bitter motherfucker.  Sorry to hear about your horrible trades and bad judgement.  How many more days of lashing out should we expect?

Hey buddy, I'm just spreading the love that the bitcoin community sowed.

I love you though, never forget how much I do care about you, Astro.
I feel it.
Synaptic
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June 20, 2011, 07:40:10 PM
 #14

Man Synaptic, you're one bitter motherfucker.  Sorry to hear about your horrible trades and bad judgement.  How many more days of lashing out should we expect?

Hey buddy, I'm just spreading the love that the bitcoin community sowed.

I love you though, never forget how much I do care about you, Astro.
I feel it.

*fistbump*
WilliamJohnson
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June 20, 2011, 07:47:30 PM
 #15

Measuring in flops is silly, hashes don't use and floating point operations. Anyway, using your numbers, that means that the network is 103 petaflops, so another 8 isn't that much.
DamienBlack, I'm quoting a respectful source -  http://www.bitcoinwatch.com/

Quote
Network Hashrate Gigahashs/s - 8166.60
Network Hashrate TeraFLOP/s - 103716

I'm sorry you think this is trolling.

I'm not sure I understand what you mean.

DamienBlack was referring to BitcoinWatch numbers, as well.
103716 TeraFLOPS = 103 PetaFLOPS
This is 13 times more than this Japanese computer.
makomk
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June 20, 2011, 08:28:01 PM
 #16

Measuring in flops is silly, hashes don't use and floating point operations. Anyway, using your numbers, that means that the network is 103 petaflops, so another 8 isn't that much.
DamienBlack, I'm quoting a respectful source -  http://www.bitcoinwatch.com/

Quote
Network Hashrate Gigahashs/s - 8166.60
Network Hashrate TeraFLOP/s - 103716

I'm sorry you think this is trolling.
That TeraFLOP/s figure on the Bitcoin Watch front page is meaningless and bears no resemblence to anything whatsoever; it's just there so users can boast about how powerful the network of Bitcoin mining rigs is. I kinda wish they didn't have it because it just causes confusion.

Quad XC6SLX150 Board: 860 MHash/s or so.
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MoonShadow
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June 20, 2011, 08:32:38 PM
 #17

Measuring in flops is silly, hashes don't use and floating point operations. Anyway, using your numbers, that means that the network is 103 petaflops, so another 8 isn't that much.
DamienBlack, I'm quoting a respectful source -  http://www.bitcoinwatch.com/

Quote
Network Hashrate Gigahashs/s - 8166.60
Network Hashrate TeraFLOP/s - 103716

I'm sorry you think this is trolling.
That TeraFLOP/s figure on the Bitcoin Watch front page is meaningless and bears no resemblence to anything whatsoever; it's just there so users can boast about how powerful the network of Bitcoin mining rigs is. I kinda wish they didn't have it because it just causes confusion.

The TeraFLOP's number is an estimate based off of the hashing ratios of common cpus and their FLOP's as benchmarked.  It can be inaccurate, but not by that much.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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June 20, 2011, 08:41:32 PM
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Attn Petafiles.
hazek
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June 20, 2011, 08:54:21 PM
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I'm not sure I understand what you mean.

DamienBlack was referring to BitcoinWatch numbers, as well.
103716 TeraFLOPS = 103 PetaFLOPS
This is 13 times more than this Japanese computer.

I was just waiting for someone to post that Smiley

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

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becoin
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June 20, 2011, 09:50:16 PM
 #20

I'm not sure I understand what you mean.
I don't believe you don't understand...

Quote
The performance of K is equivalent to linking around one million desktop computers, Mr. Dongarra said.

How many working desktop computers is bitcoin network currently linking? Ten thousand? One hundred thousand? Half a million?

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