Does anyone know why 60 bits and not some power of two? How did that work? Or am I just being silly and it doesn’t matter? :)
Whoever picked 60 bits (Cray?) was almost certainly thinking in octal, not hex. 60 bits is multiple of 3, it fits in 20 octal digits, and it holds 10 characters. Most importantly, a 60-bit floating point number is precise enough for just about any calculation.