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Computing (FOLDOC) dictionary (also found in English - English (Wordnet), )
MIPS
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1. unit, benchmark Million instructions per second.
The unit commonly used to give the rate at which a processor
executes instructions.
Often rendered by hackers as "Meaningless Indication of
Processor Speed" or in other unflattering ways. This
expresses a nearly universal attitude about the value of most
benchmark claims, said attitude being one of the great
cultural divides between hackers and marketroids.