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Bitcoin network, the largest source of computing power in the world?
387 sats \ 3 comments \ @jakoyoh629 23h bitcoin
Some Reddit guy posted this, and now it's all over the news. I'm not a math whiz, so I'm asking the stackers if it checks out.
The Bitcoin network has a theoretical computational power equivalent to 7.88 Exaflop/s, making it the largest source of computing power in the world.
The Bitcoin network has a theoretical power of 7,881,600 Petaflop/s, which is over 3,000 times greater than the combined power of the top 300 supercomputers (less than 2,500 Petaflop/s).
One SHA-256 hash (used in Bitcoin) requires approximately ~10 floating-point operations.
Thus, we can approximate:
1EH/s≈10Exaflops/s=10,000Petaflops/s
Conversion for 788.16 EH/s:
788.16EH/s×10,000Petaflops/s per EH/s=7,881,600Petaflops/s
Result: 788.16 EH/s is approximately equivalent to 7,881,600 Petaflops/s (7.88 Exaflops/s).
https://www.reddit.com/r/Bitcoin/comments/1hiyhdn/the_bitcoin_network_has_a_theoretical/
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21 sats \ 0 replies \ @we_can_supply_you 23h
It's all about where you draw the box, but yes, the general conclusion is correct. Other contenders might be AWS, Google, BOINC, and Folding@home.
"A FLOP is not a FLOP" is a common statement in academic computing. Not all computing problems are neatly measured by FLOPs, and your performance (and the energy or number of math solves required to answer a question) are going to vary across hardware.
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0 sats \ 0 replies \ @standard_sats 15h
It is about very specialized computing.
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0 sats \ 0 replies \ @Shugard 22h
Didn't Saylor point out that the US military doesn't even have the same amount of "power" as the bitcoin network?
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