[2016-01-25]Bitcoin Hash Rate exceeds 1 EH/s For the First Time

January 25, 2016 – For the first time Ever, The bitcoin network has exceeded one Exa Hash/s, or approximately 10.8 ZettaFLOPS per second, according to bitcoinwatch.com’s aggregate metric. This makes the bitcoin network around three-hundred-thousand times more powerful than the world’s fastest supercomputer, the tianhe-2 — clocking in at ~34 PetaFLOPS, and over 43 thousand times faster than every supercomputer on the TOP500 list combined. In theory, the network could be repurposed to run a neural net AI about eleven times as powerful as a human brain.

Bitcoin Miners Cooperate on a Massive Scale

This unprecedented amount of hashing power also makes Bitcoin the largest distributed computing effort by far, dwarfing altcoins, folding@home and BOINC in scale. The network seems to be modeling exponential growth since it’s inception, in contrast to mainstream media coverage suggestion that “the death of bitcoin” is at hand.

The network metrics behind the blockchain are a much more important indicator of the health of a distributed currency than media coverage or value speculation because it represents real, physical investment. The number of people mining and using Bitcoin is increasing massively in the long term, regardless of any short-term issues with the specification or development that arise

Read more : http://bitcoinist.net/bitcoin-hash-rate-exceeds-1-ehs-for-the-first-time/

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