According to bettors, the upcoming ISC’12 Student Cluster Challenge in Hamburg will come down to a competition between home-country team KIT (Karlsruhe Institute of Technology) and the New York-based Stony Brook University Fighting Seawolves. (No, I don’t know what a ‘Seawolf’ is either.)
The competition next week (jointly sponsored by the ISC, HPC Advisory Council, and Airbus) is the culmination of months of effort on the part of the five student teams representing universities from around the world. Their goal is to design and build a cluster that can out-perform all others on a varied set of HPC benchmarks and applications.

They’ve been working for months to figure out the right hardware/software combinations and learn how make the applications run like greased weasels on fire. The only limit to their designs is a hard power cap of 13 amps – everything else is wide open. More details on the overall competition are here.
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