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."
