What’s behind Bitcoin’s recent price hike? Shahin Khan and Steve Perrenod look at the Cryptocurrency market and its history over the past decade. They run through and explain the major new concepts that were introduced and take stock of their progress.
Menlo Park, Calif. – Nov. 13, 2020 — OrionX Research today unveiled the fifth edition of the CryptoSuper500 list. The report highlights the rapidly growing hashrate among the top six coins mined with Proof of Work consensus algorithms. In crypto mining, hashes are the metric that parallels floating point operations (flops) in the supercomputing world. Cryptocurrencies have reached Exascale class supercomputing, with a hash rate of around 115 ExaHashes per second just for Bitcoin.
Keeping Track of the Supercomputers that Mine Money
Supercomputers, which do the heavy lifting for AI, science, and engineering, are increasingly also safeguarding digital money. While the metric for traditional supercomputers is Petaflops or Exaflops (floating point operations per second), the figure of merit for CryptoSuper is Petahashes per second or Exahashes per second.
-By Stephen Perrenod & Shahin Khan
China has most of the top 50 cryptocurrency supercomputer-class mining pools. In many ways, CryptoSuper 500 and similar lists are a barometer of important national capabilities. As we look more deeply at the impact of technology on policy decisions at the national and global levels, we will incorporate the lessons from all such capability lists.
Menlo Park, CA – June 23, 2020 – OrionX Research today released the fourth edition of the CryptoSuper500 list, the first after the “Bitcoin Halving” that took place in May 2020. The list tracks supercomputers used for cryptocurrency mining, a computationally intensive decentralized consensus process that allows cryptocurrencies such as Bitcoin or Ethereum to operate without the need for a central trusted authority. The CryptoSuper500 list was inspired by the well-known TOP500 list of the most powerful supercomputers in the world.