13 May '13, 8pm

Bitcoin mining operation tops world’s fastest supercomputers

Bitcoin mining operation tops world’s fastest supercomputers

Bitcoin , the online currency that looks to revolutionize how we look at money in an online environment, is rising in popularity. However, in order to create Bitcoins, you have to mine them first, meaning that you give up a certain amount of computational power in order to process the creation of Bitcoins (similar to Folding@Home). In fact, Bitcoin mining is such a huge thing right now, that the entire mining network is faster than most of the world’s fastest supercomputers combined. According to Bitcoin Watch , the entire Bitcoin network has reached one exaFLOPS, which may not mean anything to most people from the face of it, but compare that statistic to the world’s most powerful supercomputers and it’s quite jaw-dropping. One exaFLOP is over eight times faster than the combined speed of the top 500 supercomputers in the world. FLOPS is a term that you may have seen most...

Full article: http://www.slashgear.com/bitcoin-mining-operation-tops-wo...

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