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Topic: Government Super Computers USA, China, Japan, etc.. - page 2. (Read 2122 times)

member
Activity: 70
Merit: 10
Quote from: anu
The combined power of the top 500 supercomputers is just half of the Bitcoin network (PetaFlops). Just for perspective.

But that's only the computers they tell us about. You don't really think they'd tell us all their secrets, do you?
member
Activity: 70
Merit: 10
Quote from: mika
Can someone please answer my big worry, as i'm really thinking of stopping my mining as it seems futile.

Everywhere you look there's risk. If it's too risky for you back away.

But think about what would happen if govt's decided to put all their processing power to mining bitcoins.
Maybe they will bring a quantum computer to the problem and overnight own all remaining bitcoins. Would that end the age of bitcoin?
Or start a new age?
Let's say they get a huge proportion, then what? Do they sit on them? Then what?

Maybe bitcoin is a govt. psyop.  Where's the original developer these days? Maybe the govt. is mining something else while everyone thinks they are mining bitcoins? But what could they be mining?  Maybe they just want to give people a reason to buy hardware? Or maybe they want to know
what's possible, collectively, by the masses.

If bitcoins worried them they would have done something by now. Right? The govt. has huge processing power at their disposal and cost doesn't ever seem to be an issue for them. So they could have done something by now. Maybe bitcoin is a proof of concept for something else? Is it something good or something evil?


newbie
Activity: 15
Merit: 0
Also the time on those computers is extremely valuable.  The odds of them deciding to say lets go mine some bitcoins are about the same as the odds of U.S. overtaking China in manufacturing, sadly.

Unless mined bitcoins would be worth enough to make the whole affair profitable. But then it would mean that btc is officially recognized by government(s) as viable currency; a thing that the establishment is likely to avoid as long as possible...
newbie
Activity: 4
Merit: 0
Also the time on those computers is extremely valuable.  The odds of them deciding to say lets go mine some bitcoins are about the same as the odds of U.S. overtaking China in manufacturing, sadly.
anu
legendary
Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
Governments of the world have thousands of these super computers.
China or the USA alone could bring down Bitcoin.

Bitcoin Miners don't even come close to these monsters.

Can someone please answer my big worry, as i'm really thinking of stopping my mining as it seems futile.

I hope someone has a good answer for me.

Crimson

Compare http://www.top500.org/static/lists/2011/11/TOP500_201111_Poster.png
and http://www.bitcoinwatch.com/

The combined power of the top 500 supercomputers is just half of the Bitcoin network (PetaFlops). Just for perspective.
newbie
Activity: 4
Merit: 0
Governments of the world have thousands of these super computers.
China or the USA alone could bring down Bitcoin.

Bitcoin Miners don't even come close to these monsters.

Can someone please answer my big worry, as i'm really thinking of stopping my mining as it seems futile.

I hope someone has a good answer for me.

Crimson
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