Kind of. Due to changes in the processor instruction set, later models of the IBM System/360 were able to utilize full virtualization, similar to what x86 processors with the Intel VT/AMD-V extension can utilize today. The System/360-67, the first model which could utilize virtualization, ran an operating system called CP/CMS, which was revolutionary at the time, since it divided each user session in such a way that an issue in one user session could not crash another user's session. Each user session ran on its own virtual machine with its own copy of the operating system, with all of these machines being controlled by a central control program. This hypervisor-virtual machine arrangement is extremely similar to how bare-metal virtualization products (VMWare's ESX Server, Citrix's Xen and derivative products) work today. In terms of architecture, no, x86 isn't similar at all to what IBM used back then -- which is why it took x86 over 30 years longer to develop the same technology.
There were the main frame computers with the "virtual memory". For example Univac 90/60.
Given similar technology the supercomputer is faster, by definition.
Harddrive
The Main Frame was created in 2005.
The definition of "Mini" and "Frame" computers in terms of processing power and speed etc. has changed over the years. "Main frame" computers are the largest and as of July 2012 some have several thousand central processing units, mini frame computers are smaller and therefore less powerful but are needed where "ordinary" desktops are insufficient such as handling large databases and heavy number crunching in various analysis jobs.
The characteristics of a mainframe computer include functioning as a virtual computer and running several operating systems at any given time. Mainframe computers are essential in larger workplaces.
The main advantage is that,the virtual machines reduces the hardware usage. In virtual machines we can load different OS.
Main Street Radiology in Flushing advertises virtual colonoscopies. I have not been there.
mini computer/main frame computers
The main shape of a regular bike frame is a couple of triangles.
The frame
Main Frame