Clip from Lew Later (Episode – Your iPhone Camera Might Be Compromised) – https://youtu.be/FkMPtx2RkBk
source
Mining 3,000,000 Bitcoin in 2 seconds
Clip from Lew Later (Episode – Your iPhone Camera Might Be Compromised) – https://youtu.be/FkMPtx2RkBk
source
Mining is just the processing of transactions…All this would do is make bitcoin transactions have no wait time make it more real time and useable then current banking.. only down side is that transaction follow the path of lest resistance making quantum computer owners the bitcoin network infrastructure
Can quantom computers run crysis?
Who told u quantum computers could mine ?? you’re hilarious my guy
No they cant. Short answer. Not enuff qbits.
Pleasantly surprised at how many people are backing BTC, go boyz!
Quantum computing is basically a non issue for the Bitcoin Network.
The threat described here is assuming the appropriate level of quantum computing exists today, and would attack the network, today. That's not the case.
Bitcoin can (and will) fork to Quantum resistant cryptography when timing is relevant.
Not to mention, any unlikely (practically impossible) attack of this type, today, would prompt consensus to act accordingly.
Totally worth speculating and discussing, but so is the advent of killer robots. They will exist, we just have to be prepared
Quantum computer process 1,0 at a same time sooo it is easy but now that much easy to mine 3000000 bit coins per 2 sec no that's impossible…. ya but quantum computer can mine way better than normal computers….
But still mining is not a joke for any computer wether its Quantum computer or normal computer….
The amount of qubits needed to do this is in the thousands. Googles quantum computer if im not mistaken is somewhere in the double digits still.
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Anthony Essaye bitcoin code will not stay as it now there will be another fork in future to adjust to quantum computers mining bitcoin also there is right now other cryptos than bitcoin which are quantum resistant i think iota is one of them this problem should not be addressed like this any way our world specially the internet can't simply function without cryptography so somehow people will always find away to cryptograph things and bitcoin would just take this ways and make them harder for supercomputers quantum or not and heres mining goes again with difficulty adjustment for any technological advancement
Gold simply won't be our currency in the era of AI , iot , wearable tech and robotics it won't fucnction and imagine the world transfering value over multiple centralized digital currencies it won't work
Bitcoin or something similar will be our currency some point in the near future
my goal in life is to mine 5 million BTC and sell it just as fast with help from A.I. robot from China ???
Not to mention bitcoin would lose all its value as so as it can easily be mined
Sir that is 26 billion lmfao
2.64 trillion dollar
And thats why Bitcoin is only useful to represent something else. It is a decentralized accounting method, nothing more, nothing less!!!
Using quantum computers to beat quantum computer…
big brain plays
Over a 6 month ago, the available bitcoin to mining is just 4m left
even if the system took over BTC mining and had the overwhelming hash of all the miners on the planet, the payout is not even 3,000,000 in 2 seconds.
It’s about hashrate not price
The problem is if you mine that much it'll lower the value. Natural inflation.
START BITCOIN MINING TODAY
https://btconline.io/4411288
Cracking cryptography is the issue.
Clueless video
It would crash the bitcoin network due to an inability to redistribute the updated ledger that has then been quantified and adjusted by the Computer, Unless there are multiple quantum computers As there needs to be a consensus As more than one computer must agree on the outcome of the equation. It would also mean a complete dominance of the bit coin ledger