Wow Mining hashrate just broke 2 PH/s according to Blockchain.info

[smoothie]

http://blockchain.info/charts/hash-rate

Wow 

[Zeek_W]

whoops, I forgot I still had that toaster turned on

[fattypig]

Its going to broke 3 PH/s in no time, and then 4 PH/S and then 1000 PH/s

[polarhei]

Here is the craze beginning.

[cowandtea]

Sooner or later, they will be producing ASIC by the PH/s....

[giantdragon]

Sooner or later, they will be producing ASIC by the PH/s....

Of course if Moore's law will continue for a long time, which is very unlikely...

[Wipeout2097]

This reminds me of the day when I was *this* close to pre-order a Japaleno

[danhu]

it will hit 3 PH soon 

[odolvlobo]

The pace at which it's increasing is becoming insane :O

It has been surprisingly consistent at about 75% per month since ASICs first hit in February.

I expect this to continue for several more months until these two issues cause the rate to fall:
1. Equipment costs will limit the demand for new mining equipment.
2. Power costs will limit the life of a miner.

[viriat0]

3PH Soon!! Argh no mining!!

[Liquid]

Exabyte , 1 billion gigabytes

[vindimy]

The exact number is 2097152 GH = 2 PH.

[odolvlobo]

The exact number is 2097152 GH = 2 PH.

There is no exact number, just estimates.

[vindimy]

The exact number is 2097152 GH = 2 PH.

There is no exact number, just estimates.

I am saying that 2 PH equals to exactly 2097152 GH, for those interested to capture exact moment.

[Rannasha]

The exact number is 2097152 GH = 2 PH.

There is no exact number, just estimates.

I am saying that 2 PH equals to exactly 2097152 GH, for those interested to capture exact moment.

It does not.

2 PH = 2000 TH = 2000000 GH = 2000000000 MH = etc... You get the idea.

Lets not propagate the sillyness of the computer-storage world where standard metric quantities are mutilated to the nearest power of 2. It's all neat powers of 10 in the SI unit system, like it's supposed to be.

[Wipeout2097]

What a crazy arms race! It can't go on forever like this...

[niothor]

The exact number is 2097152 GH = 2 PH.

There is no exact number, just estimates.

I am saying that 2 PH equals to exactly 2097152 GH, for those interested to capture exact moment.

And one kilometer equals 1024 meters and 1 kilogram 1024 grams.  

[lucita777]

The exact number is 2097152 GH = 2 PH.

There is no exact number, just estimates.

I am saying that 2 PH equals to exactly 2097152 GH, for those interested to capture exact moment.

It does not.

2 PH = 2000 TH = 2000000 GH = 2000000000 MH = etc... You get the idea.

Lets not propagate the sillyness of the computer-storage world where standard metric quantities are mutilated to the nearest power of 2. It's all neat powers of 10 in the SI unit system, like it's supposed to be.

Computer Science deals often with powers of 2. Same a s bitcoin.

Let's see that sillyness below:

If you use power of 2 then:
4GH/s produces 1 shares per second.
1TH/s produces 1 share of difficulty 8 per second.

In base of 10 you have:
4HG/s = 4,000,000,000 H/s would produces 0.931322574615478515625 shares per second
1TH/s would produce 0.9094947017729282379150390625 shares of diffuculty per second.
etc.

You get the idea.

[vindimy]

The exact number is 2097152 GH = 2 PH.

There is no exact number, just estimates.

I am saying that 2 PH equals to exactly 2097152 GH, for those interested to capture exact moment.

It does not.

2 PH = 2000 TH = 2000000 GH = 2000000000 MH = etc... You get the idea.

Lets not propagate the sillyness of the computer-storage world where standard metric quantities are mutilated to the nearest power of 2. It's all neat powers of 10 in the SI unit system, like it's supposed to be.

The convention is to use capital letter to represent base-2 and small letter to represent base-10.

So, k is 10^3 and K is 2^10, etc.

If you want to use SI unit system then start writing it down as gH, tH, pH, etc.

If you don't like that "sillyness" because you have to use base-2 instead of base-10, go ahead and design your own computer that operates in base-10