28 Nov '13, 11pm

Global Bitcoin Computing Power Now 256 Times Faster Than Top 500 Supercomputers, Combined!

A few things I need point out about some of the potential problems with bitcoin network’s 64 exaFLOPS number . Because Bitcoin miners actually do a simpler kind of math (integer operations), they have to do a conversion to get to FLOPS, which could skew the numbers. Also new ASIC miners, (An application-specific integrated circuit)—machines that are built from scratch to do nothing but mine Bitcoins—can’t do other kinds of operations. So the comparison is not exactly apples to apples. Also, the components used in supercomputers are multipurpose; meaning its resources could theoretically be used on something else, like real problems that actually exist. Solving cancer? Bitcoin ASIC miners like one created by

Full article: http://www.forbes.com/sites/reuvencohen/2013/11/28/global...

Tweets

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