Bitcoin and Top New CryptoSuper500 List – Press Release


Inspired by the TOP500, the six-monthly list of the most powerful cryptocurrent mineral pools follows energy consumption and calculation energy

12 November 2018 / PRZen / MENLO PARK, California – OrionX Research today announced that Bitcoin and are at the top of the first version of the CryptoSuper500 list. The list recognizes cryptocurrency mining as a new form of supercomputing and tracks major mining pools.

"CryptoSuper500 tracks supercomputers used for cryptocurrency mining, an intensive application that has become a driver for technology development and investment decisions globally," said Stephen Perrenod, partner and analyst of OrionX and developer of the CryptoSuper500 list. "The growth of the cryptocurrency market has highlighted emerging decentralized applications, the new ways in which they are financed and the software stack on which they are built". Cryptocurrency technologies include blockchains, consensus algorithms, digital portfolios, and utility and security tokens.

The top 5 pools are in China with an expected annual economic value (AEV) of $ 694 million, followed by Antpool based in Hong Kong with an AEV of $ 582 million, SlushPool and ViaBTC, both in the United States with AEV equal to $ 444 million each, and BTC.Top of China with an AEV of $ 400 million. The complete list is shown below and is available with further explanations in a slide presentation and in a white paper on

Cryptocurrency mining through "Proof of Work" is important as it continues to represent the most effective consensus algorithm for maximizing security in a decentralized manner. Cryptocurrency Supercomputing refers to large scale cryptocurrency mining operations that are typically powered by acceleration technologies such as custom GPUs, FPGAs, or ASICs. Bitcoin is the most notable of such currencies.

Other protocols and methods including premining, Proof of Stake and Byzantine Fault Tolerance, avoid the extraction and therefore do not use specialized supercomputer resources. These tokens are produced more easily, tend to have lower economic value and security, and no one is completely decentralized.

At the same time, the amount of energy used to encrypt extraction has been a source of controversy, even if it positively compares with the energy costs associated with the extraction, refining, storage and transportation of precious metals. traditional.

"TOP500, Green500, IO500, HPCG and now CryptoSuper500 all point to the growing versatility of supercomputers," said OrionX partner and analyst Shahin Khan. "The time has come to recognize more explicitly that supercomputers are, and will be, central to important new business applications, and I expect we will see similar lists of competitors for AI, Quantum Computing and public cloud service providers."

The TOP500 list of the world's most powerful supercomputers is eagerly awaited twice a year, and the top position was a matter of national pride and intense competition among vendors.

CryptoSuper500 is the first compilation of a list of this type on multiple types of cryptocurrency using different mining algorithms and blockchain protocols. CryptoSuper500 uses the economic value of the extracted coins produced to make comparisons between the types of coins and the mining pools when the rank sorts the list. The first version of the list includes the 30 best mineral pools and their daily economic output, considering which crypt of the first 5 was produced.

About OrionX
OrionX is a Silicon Valley company with a new model that combines technological research, market execution and customer engagement. More than 60 technology leaders in almost every technology segment have trusted OrionX to help establish new break-away strategies, turn on brands and increase market share. Visit us on

* Note: this effort is an analysis of the technologies and trends surrounding blockchain and cryptocurrencies. It is not, and should not be considered, financial, investment or legal advice.

Arguments Cryptocurrency:

Follow the full story here:

[ad_2]Source link