marcus_of_augustus (OP)
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Eadem mutata resurgo
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May 09, 2011, 01:59:17 AM |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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IlbiStarz
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May 09, 2011, 05:39:26 AM |
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I'm sure all the F@H CPU/GPU combined has a way higher TFLOP than Bitcoin...
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Dayofswords
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May 09, 2011, 06:08:30 AM |
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I'm sure all the F@H CPU/GPU combined has a way higher TFLOP than Bitcoin...
I was going to say, they just hit 7 PFLOPS in march. How can we be at 15 PFLOPS?! |
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allinvain
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May 09, 2011, 06:08:53 AM |
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I'm sure all the F@H CPU/GPU combined has a way higher TFLOP than Bitcoin...
My god imagine if all of them joined the bitcoing mining crowd overnight, imagine the hashing power and the ensuing difficulty jump! |
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marcus_of_augustus (OP)
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Eadem mutata resurgo
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May 09, 2011, 06:16:29 AM |
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I'm sure all the F@H CPU/GPU combined has a way higher TFLOP than Bitcoin...
I was going to say, they just hit 7 PFLOPS in march. How can we be at 15 PFLOPS?! Individual incentive, happily the bitcoin network has some pretty significant communal benefits in the longer term also ... |
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Dayofswords
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May 09, 2011, 11:52:37 AM |
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Individual incentive, happily the bitcoin network has some pretty significant communal benefits in the longer term also ...
But can we seriously compare to this:  |
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gigabytecoin
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May 09, 2011, 06:57:11 PM |
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Individual incentive, happily the bitcoin network has some pretty significant communal benefits in the longer term also ...
But can we seriously compare to this: When that is a list of active "CPUs"... yes, I think we can. Our GPUs are approximately 100X faster than their CPUs. |
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allinvain
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May 09, 2011, 09:01:36 PM |
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Individual incentive, happily the bitcoin network has some pretty significant communal benefits in the longer term also ...
But can we seriously compare to this: When that is a list of active "CPUs"... yes, I think we can. Our GPUs are approximately 100X faster than their CPUs. True, but bear in mind that they too have a large number of GPU crunchers. I don't know if they've got more then us but I suppose that can be easily found out, no? |
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IlbiStarz
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May 09, 2011, 09:03:04 PM |
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Individual incentive, happily the bitcoin network has some pretty significant communal benefits in the longer term also ...
But can we seriously compare to this: When that is a list of active "CPUs"... yes, I think we can. Our GPUs are approximately 100X faster than their CPUs. LOL...how are you comparing power to number? That's just a graph of how many CPU's, not the total power. The total number of GPU's the mining community has compared to the F@H community's CPU's is indeed much smaller. However, their GPU's are also many times faster than the CPU's. Also, CPU power is not totally wasted, and many people there will buy hexacores/octacores just like people here will buy 5870's. |
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MoonShadow
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May 09, 2011, 09:08:17 PM |
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I'm sure that all that processing power that is contributed to folding@home makes the contributers feel good and a part of something, but what has come of that project?
Bitcoin, on the other hand, has tangible benefits for both the community and the contributer. It is no shock to me at all that Bitcoin's total power leapfrogged right past them.
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"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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Dayofswords
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May 09, 2011, 09:10:51 PM |
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I'm sure that all that processing power that is contributed to folding@home makes the contributers feel good and a part of something, but what has come of that project?
http://folding.stanford.edu/English/PapersAny other questions? |
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MoonShadow
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May 09, 2011, 09:32:10 PM |
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I'm sure that all that processing power that is contributed to folding@home makes the contributers feel good and a part of something, but what has come of that project?
http://folding.stanford.edu/English/PapersAny other questions? Actually yes. Although I'm impressed that all that research has it's basis in the Folding@Home project, I did notice that most of that same research were subjects with real economic value. Said another way, Folding@Home seems to be used as a means for research companies to get research done on the cheap. If the Folding@Home contributiers knew that they were being exploited for the profit of others, particularly "big pharma" would they still participate? |
"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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Dayofswords
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May 09, 2011, 10:00:56 PM |
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Actually yes. Although I'm impressed that all that research has it's basis in the Folding@Home project, I did notice that most of that same research were subjects with real economic value. Said another way, Folding@Home seems to be used as a means for research companies to get research done on the cheap. If the Folding@Home contributiers knew that they were being exploited for the profit of others, particularly "big pharma" would they still participate?
Stanford doesn't rent out it's donors... Also yes, I guess steps toward curing sickle-cell disease (drepanocytosis), Alzheimer's disease, Parkinson's disease, Bovine spongiform encephalopathy, cancer, Huntington's disease, cystic fibrosis, osteogenesis imperfecta, alpha 1-antitrypsin deficiency, and other aggregation-related diseases does have economical value. Perhaps you should read into the project a bit more, http://en.wikipedia.org/wiki/Folding@homeand the university behind it http://en.wikipedia.org/wiki/Stanford_University before you go all conspiracy theorist/big-brother-business on us. They also started in 2000, they have 100x more trust than bitcoin will have in the near future. |
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Nicksasa
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May 09, 2011, 10:49:41 PM |
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I'm sure that all that processing power that is contributed to folding@home makes the contributers feel good and a part of something, but what has come of that project?
Bitcoin, on the other hand, has tangible benefits for both the community and the contributer. It is no shock to me at all that Bitcoin's total power leapfrogged right past them.
I am an folder myself, and have been for almost 2 years now. CPU's are actually better then lets say an 580 for example, if they have 8 threads and are doing bigadv. We just do it for the cure, and for the competition. Once you get into a team such as evga or ocn it's fun to do and hang around in the forum threads. No we don't win anything with it except for some good team spirit  Nvidia cards are way way better at folding then ati/amd cards, the opposite is true for bitcoin. So we aren't really taking bites out of eachothers computing power. Folding is mostly based on floating point performance where hashing is all about integer performance. Nvidia doesn't care too much about integer performance because floating point performance is generally a lot more important in games. I'm not sure how amd makes up for that (i guess the amount of shaders). |
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marcus_of_augustus (OP)
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Eadem mutata resurgo
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May 26, 2011, 10:24:31 PM |
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Vladimir
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May 26, 2011, 11:12:05 PM |
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Tianhe-1A hashing power, very accurately IMO has been estimated as 850 Ghps. Assuming the rest of top 500 supercomputers have the same TFLOPS/Ghps ratio than bitcoin needs to hit 8Thps to dwarf all top 500 supercomputers combined. We are more than halfway there already. Another difficulty increase or two and 50% attack with supercomputers would require all those babies in top 500 list combined. Moreover while they configure them to do something bitcoin network would double once more. |
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rampone
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dafq is goin on
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May 27, 2011, 03:14:46 AM |
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So my rough estimate i made in my head was really true. Damn, that sux that i didnt stay crunching btc in july 2010 and went to search for aliens again..... doh Well done miners... anyone thought about a wet cellar drying business? |
http://virwox.com - Bitcoins via CCard, Skrill, paysafe, paypal & SEPA Convert your bitcoin into spendable fiat money in less than 2 days. Poker Players use this method to avoid "unnecessary trouble" with the country they live in ... PM me for details. +1:naz86,b4nana,tinua,smart1986,fhh
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db8393
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May 27, 2011, 06:20:21 AM |
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I dont think the computing power of the total network is that exciting or the most important factor.
Eg, for a few million USD ($30 million) somebody like China could crush Bitcoin's network strength with simple custom made GPU like cards.
What is amazing, and why I am betting on Bitcoin is ... The growing collective intelligence of the community.
It seems to be growing really fast, its like more and more smart people are joining forces everyday, and Bitcoin itself has lots of ability to be adjusted to face problems.
When the eye of sauron turns on Bitcoin I am betting on Bitcoin
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MoonShadow
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May 27, 2011, 01:33:22 PM |
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I don't understand the question. |
"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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