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Bitcoin Network Speed Breaks 1 Petahash per Second

The Genius Block- The bitcoin network reached another historic milestone milestone today, achieving an estimated total computational speed of 1 petahash per second (1 PH/s = 1,000,000 GH/s). The current speed is 40x faster than where we began the year, faster than 79% of the bitcoin community expected as of just seven months ago. The path to this point goes back to the genesis block itself and offers insight into the foundations of the world’s first digital currency.

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Settler1679d ago

All this means is that normal people are shut out out of mining.

2pacalypsenow1679d ago

This means nothing E.E.U.U will still have an avg of 8 mbits for the next few years.

3-4-51679d ago

Basically we have extremely advanced tech, the kind that could fix all of the worlds problems in 10 years time...

But none of us will ever get to see it, use it, or learn of it.

RE_L_MAYER1679d ago

Petahash)))) what a funny name