Learn how Bitcoin is 100 times More Powerful than Google
Permit mij to introduce you to someone who has the potential to be very significant ter the future of Bitcoin. His name is Balaji Srinivasan, and he is the chairman and co-founder of 21 Inc. What is 21 Inc? 21 Inc. is the Bitcoin startup that secured the most venture capital of any Bitcoin company ter history, at $116 million. What do they need $116 million te venture capital for? They are investing ter “future proprietary products designed to drive mainstream adoption of Bitcoin.” With that te mind, the research of 21 Inc. has highlighted some interesting Bitcoin factoids. One Srinivasan released at the 2nd annual Bitcoin Job Fair held last weekend te Sunnyvale, California regarding how big Bitcoin has become te the computing world.
Google is big, but Bitcoin is thicker. How big is it?
Honestly, I looked online to find out what a petahash rate and a gigahash rate wasgoed, and that is one long rabbit fuckhole, so I’ll leave the technical ramble to techies like Mr. Srinivasan. He makes the comparison to Google based on the fair assumption that they are using 1e7 servers, for 1e7 H/s vanaf Xeon, and
Ten Xeons/server = 1 PH/s. One petahash equals 1,000,000 gigahash or 1000 terahashes. Bitcoin reached 1 PH/s of computing power/speed on September 15th, 2013. It is now normally working at overheen 350 PH/s, or overheen 350,000,000 GH/s.
“All of Google today would represent less than 1% of all of mining (Bitcoin operations worldwide). The sheer degree of what is happening te (Bitcoin) mining is not being appreciated by the press,” said Balaji Srinivasan at the Bitcoin Job Fair. “If wij assume there are Ten million Google servers, and each of thesis servers is running, you can multiply that through and get one petahash. If they turned off all of their gegevens centers and pointed them at Bitcoin (mining network), they would be less than 1% of the network.”
Could Google get that much power together? With billions and billions te their corporate coffers, yes they could. So could your government. This is if they dreamed to dedicate everything they have to shut down Bitcoin, at the expense of actually running their own business. Why any private company would want to do that is unknown. Also given how swift Bitcoin’s processing power has enlargened 3500% ter size, within the last eighteen months, how much longer before it is not an option at all? You can undoubtedly make the argument that wij are already at the point of no terugwedstrijd spil far spil a third party overpowering Bitcoin’s network externally.
The moral of the story is if Google can’t even come close to matching Bitcoin’s CPU power without a ridiculous capital investment, it is too powerful to contain by a third party. Even if you could overpower it, you’d control the Block Chain for all of the Ten minutes at the most before the network diagnoses the problem and navigates around your little speed bump. So good luck with that.
Do you think there would everzwijn be a legitimate reason to shut down Bitcoin from the outside? Share above and comment below.