Submitted by Settler 800d ago | news

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. (Bitcoin, Services, Web)

Settler  +   800d ago
All this means is that normal people are shut out out of mining.
2pacalypsenow  +   799d ago
This means nothing E.E.U.U will still have an avg of 8 mbits for the next few years.
3-4-5  +   799d 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_MAYER  +   799d ago
Petahash)))) what a funny name

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