That is the number of hashes that were performed on the network since its inception.
Right now, a new block requires 544,200,000,000,000,000,000,000 hashes to be found, and contains ~4000 transactions. So a transaction costs 136,050,000,000,000,000,000 hashes.
With asic miners requiring 11 joules of energy for 1,000,000,000,000 hashes, a small transaction on the network costs, right now, 1496550000 joules. That's roughly the energy needed for a car to travel 600 km.
I just wanted to share these statistics with you.
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