Can quantum computers be applied to bitcoin mining
-
Talk about random thoughts and I wasn't even high at the time, but it seemed a relevant question. Can quantum computers be applied to bitcoin mining? I mean I don't expect so or I probably would have heard of it. Any related thoughts?
-
Talk about random thoughts and I wasn't even high at the time, but it seemed a relevant question. Can quantum computers be applied to bitcoin mining? I mean I don't expect so or I probably would have heard of it. Any related thoughts?
Hmm.... is the blockchain quantum-safe? If not, then it eventually means a lot of free money for someone until the news gets out. A post-Bitcoin Quantumcoin? I see that quantumcoin.com is already taken (apparently by a writer). :cool:
-
Talk about random thoughts and I wasn't even high at the time, but it seemed a relevant question. Can quantum computers be applied to bitcoin mining? I mean I don't expect so or I probably would have heard of it. Any related thoughts?
I saw a video on this and apparently quantum computing can tackle some aspects of crypto but not everything, it's not a magic bullet. There are some specific algorithms it can help break though.
-
Talk about random thoughts and I wasn't even high at the time, but it seemed a relevant question. Can quantum computers be applied to bitcoin mining? I mean I don't expect so or I probably would have heard of it. Any related thoughts?
Perhaps. Grover's Algorithm can be applied to almost any problem that looks like "solve f(x) = c", even if *f* calculates a hash. It's not an exponential speedup though, and I'm not sure how it deals with accepting a lot of different c's (as mining only requires k leading zeroes in the hash, not a single specific hash).
-
Talk about random thoughts and I wasn't even high at the time, but it seemed a relevant question. Can quantum computers be applied to bitcoin mining? I mean I don't expect so or I probably would have heard of it. Any related thoughts?
Do you have my money or do I have my money? Let's look!
Latest Articles:
Thread Safe Quantized Temporal Frame Ring Buffer -
Talk about random thoughts and I wasn't even high at the time, but it seemed a relevant question. Can quantum computers be applied to bitcoin mining? I mean I don't expect so or I probably would have heard of it. Any related thoughts?
There are algorithms that are resistant to quantum computing; Bitcoin, banks, etc. will need to evolve in step.
It was only in wine that he laid down no limit for himself, but he did not allow himself to be confused by it. ― Confucian Analects: Rules of Confucius about his food
-
Talk about random thoughts and I wasn't even high at the time, but it seemed a relevant question. Can quantum computers be applied to bitcoin mining? I mean I don't expect so or I probably would have heard of it. Any related thoughts?
Sí, es posible. Alguien con un ordenador cuantico tiene mas posibilidades de encontrar el hash correcto y así ganar la bonificacion del nuevo bloque en la blockchain.
-
Sí, es posible. Alguien con un ordenador cuantico tiene mas posibilidades de encontrar el hash correcto y así ganar la bonificacion del nuevo bloque en la blockchain.
This is an english site, next time please write in english. Translation of his message:
Agustín Cordero wrote:
Sí, es posible. Alguien con un ordenador cuantico tiene mas posibilidades de encontrar el hash correcto y así ganar la bonificacion del nuevo bloque en la blockchain.
Yes, it's possible. Someone with a quantum computer has more probabilities to find the correct hash and win the bonification of the new block in the chain.
M.D.V. ;) If something has a solution... Why do we have to worry about?. If it has no solution... For what reason do we have to worry about? Help me to understand what I'm saying, and I'll explain it better to you Rating helpful answers is nice, but saying thanks can be even nicer.
-
Talk about random thoughts and I wasn't even high at the time, but it seemed a relevant question. Can quantum computers be applied to bitcoin mining? I mean I don't expect so or I probably would have heard of it. Any related thoughts?
If you can figure the math... go ahead, they're billions of dollars to be made by using Quantum to compute Hashes... but nobody yet, has figured out how to do it.
-
Hmm.... is the blockchain quantum-safe? If not, then it eventually means a lot of free money for someone until the news gets out. A post-Bitcoin Quantumcoin? I see that quantumcoin.com is already taken (apparently by a writer). :cool:
Kudos to E(ugene).C. Myers... apparently he has written a lot about the potential for Quantum Physics on Crypto. Sadly QuantumCoin.com takes you to [http://ecmyers.net/novels/\](http://ecmyers.net/novels/) which is empty, which means he's still writing a book and set the record straight that he has the edge on this.