13 May '13, 6pm

Bitcoin mining network 8 times faster than top 500 supercomputers - Geek (blog)

Bitcoin mining network 8 times faster than top 500 supercomputers - Geek (blog)

W hen scientists came face-to-face with arguably the biggest computing problem ever, they did the most reasonable thing, and asked for help. The result, the famous distributed research network Folding@home, quickly became the largest distributed computing network in the world, according to Guinness World Records — and that was a purely selfless project. What if we let participants add financial gain to the advantages of donating computer time? Bitcoin’s mining “industry” has provided just such an economics experiment, and has led to a network eight times more powerful than the world’s top 500 supercomputers, combined. Even IBM’s Sequoia, the world’s fastest super-computer, can’t hold a candle to BitCoin This rather bold claim is based on the FLOPS rubric (FLoating-point Operations Per Second), which is both a decent measure of computing speed and a totally irrelevant measu...

Full article: http://www.geek.com/news/bitcoin-mining-network-8x-faster...

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