WHO CAN CHASE BITCOIN

Updated: 06/04/2013 11:32
Reprints/Permissions  Hyip Monitor
Do you know that the total power of all computers working in a network together to make BITCOIN function override the power of 500 most powerful...

Do you know that the total power of all computers working in a network together to make BITCOIN function override the power of 500 most powerful supercomputers combined?

Bitcoin raised a lot of stories around it due to recent fast price rise. From $5 about a year ago for 1 bitcoin to a whopping $266 this April. Current price is about $122 tough. These moves of Bitcoin's prices attracts a lot of attention. But the most fascinating thing about the bitcoin is its system's infrastructure.

It started in 2009 as a crypto currency by a anonymous hacker raised into one of the most valuable and big computing structure. Bitcoin is a peer-to peer network that connects hundreds of thousands of computers linked together. Jointly they generate more than 1000 petaflops of computer power. Just to make sure you understand the figures well: currently the world most powerful and fastest supercomputer Titan, runs at about 18 petaflops. Currently Bitcoin network is sucking down about $200.000 daily in electricity costs. That's almost unbelievable for the system that started about 4 years ago. Today the whole Bitcoin economy has a market capitalization of about $1.4 billion and rising daily.

"This isn't a bubble or tulip mania," said Tyler Winklevoss in a keynote talk at last weekend's Bitcoin 2013, a conference that brought together more than 1,000 Bitcoin developers, speculators, entrepreneurs and enthusiasts. "This is rapid adoption. This is a rush."



About the author

Another young writer working for HYIPNews.com, Steve Sweeney is the article writer and author able to write powerful headlines, to integrate copy with graphics and page design and manipulate text for max effect (ie. bold, italic, highlight). The experience of this young author is not reach in spite of his age, though Steve is proud to become an active member of a highly productive and creative professional team of HYIPNews where his skills as an accomplished advertising copywriter, copy editing and proofreader are being utilized at the highest level.
You May Also Like