Blockchain & Crypto Insights
Decentralized Systems. ICOs. Cryptography.
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The 3rd edition of the list shows the total annual economic value for the top 50 mining pools at $7.38 billion per year. This is down from the June 2019 list by a $1 billion or so. The Bitcoin price is up, but other coin prices have noticeably dropped since then. Ethereum is producing about half the economic value that it was in June. Of the top pools, 18 are mining Bitcoin, 9 are mining Ethereum, 7 are mining Bitcoin Cash, and 7 Litecoin. The other 4 major coins have between one and three entries each.
The CryptoSuper500 tracks decentralized supercomputers that are used for cryptocurrency mining, an intensive application that has become a driver of technology development and investment decisions globally. There are now over 4000 cryptocurrencies. Most are worth relatively little, and only 13 have market caps over $1 billion. Market cap is the number of coins or tokens outstanding times the price. In an extreme illustration of the Pareto principle, two-thirds of the market cap of all cryptocurrencies combined is with Bitcoin, the premier crypto.
Blockchain & Cryptocurrencies
Report Type: Event
Facebook’s commanding global digital presence can drive adoption and take the cryptocurrency concept to the mainstream. However, Libra compromises on too many attributes of the ideal cryptocurrency to be categorized as anything but a walled-garden Corporate money, and barely a “crypto” currency at that. Libra could have been something better, let’s call it Solar.
Cryptocurrency Supercomputing refers to large-scale cryptocurrency mining operations which are typically powered by accelerator technologies such as GPUs, FPGAs, or custom ASICs. Bitcoin is the most notable of such currencies. The CryptoSuper500 list tracks supercomputer class systems that are used for cryptocurrency mining, an intensive application that has become a driver of technology development and investment decisions globally. Cryptocurrency mining via Proof of Work is important since it continues to represent the most effective consensus algorithm to maximize security in a decentralized manner.
Blockchain & Cryptocurrencies
Report Type: Event
We provide our views of the cryptocurrency economy in the next 9-15 months and review the accuracy of our last outlook from last year. Topics that are covered include Ethereum and Smart Contracts, Bitcoin and Lightning, Security Tokens, Stablecoins, Enterprise Blockchains and Distributed Ledger Technology, Cryptocurrency Phones, Messenger Coins, and Retail Killer Apps. We begin with definitions and a glossary of terms.
The CryptoSuper500 list tracks supercomputers that are used for cryptocurrency mining, an intensive application that has become a driver of technology development and investment decisions globally. The growth of the cryptocurrency market has put the spotlight on emerging decentralized applications, the new ways in which they are funded, and the software stack on which they are built. Cryptocurrency technologies include blockchain, consensus algorithms, digital wallets, and utility and security tokens.
Blockchain & Cryptocurrencies
Report Type: Event
Blockchain, cryptocurrencies, smart contracts have emerged as unignorable technologies, with potentially far-reaching implications. The talk covered the essence of these technologies, focusing on what is real, what is a promise, impact on other key trends such as IoT, AI, and Quantum Computing, and why they might or might not deliver on their promises. Smart contracts and ICOs will be covered in a future presentation. Contact us if you’d like to request a speaker.
(This is the full slide deck supporting a keynote speech given at the Advanced Scale Forum conference in 2018.)
Blockchain & Cryptocurrencies
Report Type: Event
In this paper, we provide our views of the cryptocurrency economy in the next 9-15 months. The only thing more difficult than forecasting the near future is forecasting for longer time frames, and with the rapidly evolving cryptoeconomy, forecasting for a whole year is dangerous enough. Make no mistake, cryptocurrencies are money.
Despite the attempts of economists and money center bankers and central bankers to fight this reality, the leading cryptocurrencies are money in varying degrees. The major ones are not as significant as the US Dollar, Yen, or Euro, but they are used as media of exchange amounting to trillions of dollars per year, and have been retaining value and increasing value rapidly, despite high volatility.
In this futuristic talk, we look at how information revolution is changing everything and provide a snapshot of some critical technologies that are currently driving that change: IoT, Blockchain, Quantum Computing, AI, Cybersecurity, 5G,… all resting on a foundation of Mobility, Cloud, and HPC.
This talk has evolved since 2011. Most recently, it was presented at the HPC-AI Advisory Council conference held at Stanford University in Feb-2018. A video of the talk is available on InsideHPC.com. Contact us if you’d like to request a speaker.
Critical Technologies of the Future
Report Type: Event
Blockchain & Crypto blog
Digital Transformation (DX): Opportunity or Threat?
Digital Transformation (DX) is coming and it will impact you and your customers. It is not just another IT upgrade, but a profound shift in what your clients and customers want, and a shift in what you offer them. It is a shift in your business model. In a new report, OrionX goes deeper to […]
State of the Market: Crypto/Blockchain, Quantum Computing
The OrionX Research team is back with Stephen, Shahin, and Dan going over the state of the market in Cryptocurrency/Blockchain and Quantum Computing.
Living on Satoshi Time: What Block is it?
Today is Block Year 12, and within the year it is Block Month 5, Block Day 137 Bitcoin Generates Its Own Calendar Our Gregorian calendar is based on the Solar year, the Lunar month, and the Terrene (Earthly) day. Bitcoin has its own natural calendar that can be constructed to approximate our human calendar of […]
HPC and AI on Wall Street: Panel Discussion on Blockchain and Cryptocurrencies
HPC and AI on Wall Street Conference At the recent HPC and AI on Wall Street conference, I moderated a panel on Cryptocurrencies and Blockchain. Panelists included Ryan Quick of Providentia Worldwide, Asha Dakshi of AlphaPoint, Eric Simone of ClearBlade, and Dan Simerman of the IOTA Foundation. Thanks to Jem Pagan of BluSky Consulting who […]
Top 50 of Crypto Mining – June 2019
Today, June 14, 2019, we released the second biannual list of Top 50 cryptocurrency mining pools. We do this in conjunction with the Top 500 supercomputing list that is released twice a year, in June and November. That list has been a matter of national pride for the US, Japan, China, and many other countries. […]
CryptoSuper500, 2nd Edition
What is new with the most powerful crypto mining pools? Thanks to the efforts of my colleague Dr. Stephen Perrenod, OrionX launched a new CryptoSuper500 list last November, coinciding with the eagerly awaited TOP500 list of most powerful supercomputers. The TOP500 has spawned variations that look at different workloads and attributes, for example, the Green500, […]
Did JPMorgan Just Kill the Bitcoin Dream?
An article in Barron’s written by Ben Walsh on Valentine’s Day is titled “JPMorgan Just Killed the Bitcoin Dream”. JPMorgan Chase has announced an altcoin, a stable coin, for use by institutional customers. It will be tethered to the US dollar. This development is the first such stable coin issued by a US bank. So […]
Will Lightning Electrify Bitcoin?
Why: Scaling for bandwidth and efficiency Suppose Bitcoin could scale. Many altcoins were created in the promise of handling more transactions, and with lower fees. But Bitcoin can scale, and it will, thanks to the Lightning Network which went live in 2018. While small, it is growing rapidly. Bitcoin is often criticized for lack of […]
Is Central Bank Digital Currency Cryptocurrency?
Recently the International Monetary Fund produced a research report on Central Bank Digital Currencies, titled “Casting Light on Central Bank Digital Currency”, and available here: https://www.imf.org/~/media/Files/Publications/SDN/2018/SDN1808.ashx Even the title is interesting in its omission of the terms cryptocurrency and blockchain. The basic concept they were evaluating was that of central bank controlled digital currency issued […]
CryptoSuper500: the most powerful cryptocurrency mining pools
Cryptocurrency mining pools have become larger. A new list, CryptoSuper500 tracks them according to economical value, computational power, and by extension, energy use. If you are following my colleague Dr. Stephen Perrenod‘s blogs and reports, you know that he, and the rest of us at OrionX, aim to keep on top of business, technology, and […]
Will Bitcoin Consume All Electricity?
The idea that bitcoin will consume an enormous fraction of the world’s electricity is hysteria. In a recent article in the Communications of the Association for Computing Machinery, June 2018 issue, Nicholas Weaver (a lecturer in computer science at UC Berkeley) raised this issue, in what was otherwise a good article on the security issues […]
Is Bitcoin on your Computer? Money in the Internet
No, not asking if you own any Bitcoin. Or the IP address. This blog is prompted by the Nicholas Weaver article “Risks of Cryptocurrencies” in the June 2018 Communications of the ACM. He writes, rather misleadingly in our opinion: “This was not because our Bitcoin was stolen from a honeypot, rather the graduate student who created […]
National Security and Blockchain Technology
National Security considerations are often intimately intertwined with the adoption of new technologies. Last year Tokyo hosted a meeting of the International Standards Organization, including a session on blockchain technology to examine ideas around standards for blockchain and distributed ledgers. A member of the Russian delegation, who is part of their intelligence apparatus at the […]
Is Blockchain the Key to Web 3.0?
Web 3.0 has been around as a meme since early in the century. This writer was formerly with the Sun Microsystems Education business and recalls meetings we sponsored over a decade ago, that were attended by academic computer scientists promoting the concept. And yet it has been slow to take off, and it remains a […]
Information Economy 2.0
Bitcoin is a Trillion $ Economy We often hear that we live in an Information Economy. We have an information-based economy, but we don’t have a pure form of “money as information”. Instead we have a hybrid of digital money and paper money with encoded information such as denomination and serial numbers and engraving details. […]
OrionX Releases New Blockchain Constellation™ Research Paper
I am very pleased and excited to announce the release of the newest paper in our Constellation™ series about blockchain/cryptocurrency technologies: “Cryptocurrency Outlook: More Chasm Crossing.” This is a comprehensive look at this emerging and important technology, written by my colleague Dr. Stephen Perrenod who has been working with cryptocurrencies for several years and has focused […]
Bitcoin Forks are So 2017
“Let a Hundred Flowers Bloom” Mao Tse Tung 百花齐放 Well there are 20 flowers in the Bitcoin ecosystem. And over 1400 in the cryptocurrency ecosystem at present. Salad forks, dinner forks, shrimp forks, dessert forks, tuning forks, pitchforks… so many kinds of forks.. Image credit: Ellen Levy Finch, CC BY-SA 4.0 Why fork a new […]
Bitcoin: Like Gold or Like a Currency?
Valuing the various bitcoin forks Recent News: Segwit2x fork has been postponed indefinitely Some say bitcoin acts more as digital gold then as a currency, more as a store of value than as a medium of exchange. It is very interesting to look at the various bitcoin forks with this question in mind. Everything in […]
Evolutionary Forks and Dividends
What is a fork? It is early days in evolutionary terms for cryptocurrency. Bitcoin has not been around even a decade. Ethereum has only been here for a few years. The respective economies of these and other cryptocurrencies have been growing at triple digit percentage rates. A given blockchain can be thought of as a […]
Ethereum: Smarter than a Fifth Grader?
Ethereum is described in Wikipedia as an “an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality“. How does it differ from Bitcoin? Well Bitcoin is open-source, public, distributed, and block-chain based. The difference is principally found in the terms “computing platform” and “smart contract functionality”. And there are other differences as well. Ethereum […]
Why Buffet Doesn’t “Get” Bitcoin
Warren Buffett is the most famous name in stock investing, the second richest person in the world, and a leading expert in valuing companies and securities. He also is a big investor in banks, including Wells Fargo, Goldman Sachs, and Bank of America. So he has a lot of vested interest in the current monetary […]
Cryptocurrency a Bridge to the Future
Bitcoin, and cryptocurrencies more generally, can be a bridge to a better monetary future for the globe. In almost every nation today, fiat currency managed by a central bank is the norm. This is money that is inherently inflationary by design. Since central banks are controlled by national governments, and governments routinely run substantial deficits, […]
J-Coin Prediction: it will be a Bonsai among alt-coins
One of the largest banks in Japan, Mizuho, along with other Japanese banks, is looking to get into the blockchain game. CNBC reports “Japanese banks are thinking of making their own cryptocurrency”. Except they are not, based on the information released so far. This will be mobile Yen, a use of blockchain to allow mobile […]
Jamie Dimon is Afraid
First they ignore you, then they ridicule you, then they fight you, goes the saying. JP Morgan (not Jamie Dimon) Jamie Dimon is CEO of JP Morgan Chase, arguably the most important money center bank. He recently called Bitcoin a “fraud”, heaping ridicule upon, and fighting with Bitcoin as well, with a single phrase. Because he […]
Money 3.0: Cryptocurrencies
Why are cryptocurrencies like Bitcoin and Ethereum Money 3.0? And what are Money 1.0 and Money 2.0? Recently, Jamie Dimon called Bitcoin a ‘fraud’. This coming from the CEO of JP Morgan, the bank that has been fined more than any other, save one, for financial crimes since the Great Recession of 2008. His statement […]
Cryptocurrencies, Blockchain, and Bitcoin, part 3
Stephen Perrenod joins Shahin and Dan to make sense of Cryptocurrency/Blockchain/Bitcoin. They complete the discussion of a transaction’s journey, which they started in the last episode, and answer the common question: “can I separate Blockchain from Bitcoin?” This is the 3rd and final episode of a series that focuses on a deeper discussion of the […]
Secure IoT is the superset trend in tech, the ultimate hashtag soup, here’s why
There are more Things than anything else! And they’re going online in droves, adding capability but also vulnerability, and making the Secure Internet of Things (IoT), the super set of the technology trends. Secure IoT is the place with the most interdisciplinary, and therefore, the most difficult challenges. If you believe, as you should, that […]
Cryptocurrencies, Blockchain, and Bitcoin, part 2
We go through a transaction’s journey, explaining hash functions and public key cryptography along the way.
Cryptocurrencies, Blockchain, and Bitcoin, part 1
Stephen Perrenod joins Shahin and Dan to make sense of Cryptocurrency/Blockchain/Bitcoin. In this first installment, they start at the beginning: the original Satoshi Nakamoto paper that started it all.
New podcast for big ideas in tech
Here at OrionX.net, our research agenda is driven by the latest developments in technology. We are also fortunate to work with many tech leaders in nearly every part of the “stack”, from chips to apps, who are driving the development of such technologies. In recent years, we have had projects in Cryptocurrencies, IoT, AI, Cybersecurity, […]
Top-10 Data Center Predictions for 2017
A variation of this article was originally published in The Register, “Wow, what an incredible 12 months: 2017’s data center year in review”, Feb 6, 2017. The data center market is hot, especially now that we are getting a raft of new stuff, from promising non-Intel chips and system architectures to power and cooling optimizations […]
Research from OrionX
Today, we are announcing the OrionX Constellation™ research framework as part of our strategy services. Paraphrasing what I wrote in my last blog when we launched 8 packaged solutions: One way to see OrionX is as a partner that can help you with content, context, and dissemination. OrionX Strategy can create the right content because […]
OrionX 2016 Technology Issues and Predictions
Here at OrionX.net, we are fortunate to work with tech leaders across several industries and geographies, serving markets in Mobile, Social, Cloud, and Big Data (including Analytics, Cognitive Computing, IoT, Machine Learning, Semantic Web, etc.), and focused on pretty much every part of the “stack”, from chips to apps and everything in between. Doing this […]