Quote
At present, Bitcoin's P2P
clients are crunching data at a rate equivalent to more than 50,000
high-end PC graphics processors.
This is a massive understatement. clients are crunching data at a rate equivalent to more than 50,000
high-end PC graphics processors.
Approximating 350 MHash per GPU works out about 15,000 GPU's for the network's ~5 THash/s ... so actually an overstatement.
Some people seem to have an agenda in wildly over-stating how much hardware and power is going into the bitcoin network. Yes it is large by computing standards but it is completely insignificant compared with other industrial activities that are happening 24 hours a day around the world, including the current banking systems.
No agenda, just misinformed. Didn't do the math but it didn't sound like enough.