Ryan Junee, the Product Manager for the YouTube Team reported recently on the official YouTube blog, that apparantly, YouTube has started receiving 20 Hours of raw video per minute! That almost an entire day of videos! The site, which is one of the top 5 popular websites in the world, seems to have gotten a lot better since the day it was purchased by Google.

Here’s what Ryan had to say on the YouTube blog:

In mid-2007, six hours of video were uploaded to YouTube every minute. Then it grew to eight hours per minute, then 10, then 13. In January of this year, it became 15 hours of video uploaded every minute, the equivalent of Hollywood releasing over 86,000 new full-length movies into theaters each week.

Now, 20 hours of video are uploaded to YouTube every minute, and it is a testament to the fact that you’ve made YouTube your online video home. We couldn’t have built this site without your commitment to sharing your thoughts, experiences, and creativity with each other. We have news clips and full-length shows and movies, music videos and how-to content, sports highlights and animation, short films, homegrown videos, and, yes, all the dogs on skateboards you can watch. There’s an audience for every type of content on YouTube, and we hope that with all this video, you can find whatever it is you’re interested in on the site.

We’re still developing new ways to upload videos to YouTube. Today we’re launching a feature that allows users to conveniently record a video response immediately after watching a video, making the YouTube experience even more social. When the video you’re watching ends, an icon encouraging you to respond will appear in the player. Clicking on the icon will activate your webcam and immediately bring you into the conversation.

So thanks, and let’s see if we can get to 24 hours — a full day’s worth of video uploaded every minute.

According to reports, Google had purchased the video giant for $1.65 billion USD, which is too insane to be true. Google claims, that the site, even after being so popular with public, still has not made profit yet. Implementing google advertisements, from Adsense and Adwords, the revenue shot up a bit, only to eventually fall down again. Now, Google is planning to implement “Ad-Clips”, which are basically 20 seconds or a little more worth video advertisements, which would be played before EVERY YouTube video. Annoying? Yes, it sure is going to be! Lets wait and watch what these guys are upto..