Mining with Quantum Computers - Mining - CryptoTalk.Org Jump to content
Elton23

Mining with Quantum Computers

Recommended Posts

This subject is of great interest to me.

I wonder what will happen to the likes of BTC, ETH, DASH, LTC etc when quantum computers become available on the open market.

Mining with such computers will undoubtedly make the process easy, which would result in fast big returns.

However, the problem would be, that because it would be easier and faster, then more of these coins would be available on the open market.

I fear this would result in the value of these coins reducing dramatically due to supply.

What are your views on this subject??

  • +2 1

Share this post


Link to post
Share on other sites

@Elton23 interesting subject

I think we need to put thing in a time prespective... crypto is evolving and quantum computers to... if and when these computers come available on the open market, crypto will also have evolved and can adapt... for example, there are ASIC resistant algos, so there could be quantum resistant algos...

anyway, nothing tells us that the quantum computers will be able to mine coins faster than ASICs or even GPUs... have you wondered why a GPU is better for mining than a CPU? it is the type of calculation that is needed that is better suited for a GPU chip

if quantum computers are good to mine, the first ones to get them working in full could mine a huge quantity of coins and control certain markets but only on coins that are yet to be mined... so much BTC has been already been mined that it wouldn't make a difference

  • +3 1

Share this post


Link to post
Share on other sites
13 hours ago, Elton23 said:

This subject is of great interest to me.

I wonder what will happen to the likes of BTC, ETH, DASH, LTC etc when quantum computers become available on the open market.

Mining with such computers will undoubtedly make the process easy, which would result in fast big returns.

However, the problem would be, that because it would be easier and faster, then more of these coins would be available on the open market.

I fear this would result in the value of these coins reducing dramatically due to supply.

What are your views on this subject??

I have never even seen a supercomputer.  Have you? 🙂

Edited by Bnance10
spelling

Share this post


Link to post
Share on other sites
27 minutes ago, Awaremooner said:

The fact you haven't seen it doesn't mean others have not and its ability for high speed computing. Even though quantum computers will not be made for personal computing and commercialized, people that have access to this computers can easily cheat and game the system. It is not everyone that have seen the GPU most miners use for now

I think we are worried too much!

Share this post


Link to post
Share on other sites

Quantum computer would affect total blockchain space and every other computer technology, in that way Bitcoin would have to be forked for this to work, but that all looks like Sci-fi  fantasy now.

Share this post


Link to post
Share on other sites
7 minutes ago, Awaremooner said:

Maybe Yes but is the worry not justifiable? With hostilities crypto is facing with Government all over, the worry is not out of place. Most Government are threatened with the emergence of cryptocurrency you know.

For the sake of argument, let’s say the experiment worked. It’d still take years before quantum computers powerful enough to break the bitcoin blockchain are available.  And bitcoin can fork to deal with it then too.

And the reason I said we Crypto enthusiasts are worried too much is because if the bad guy who has a master key to the world’s riches, would he be waste it on bitcoin or $100 billion of central bank cash?? 

We should let the banks worry about it...

Share this post


Link to post
Share on other sites

rather than mining using Quantum, it's better to use a large server. but the cost of building a server is not small. you have to take into account first. I would rather use a VPS that support mining. you can rent at various VPS providers online.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
5 minutes ago, zuarzalfa said:

rather than mining using Quantum, it's better to use a large server. but the cost of building a server is not small. you have to take into account first. I would rather use a VPS that support mining. you can rent at various VPS providers online.

WHAT?  But I’m gonna give you a like anyway if I still have any.. since someone gotta give you his first positive reaction 🙂

Just now, Awaremooner said:

https://en.m.wikipedia.org/wiki/Quantum_computing

https://cointelegraph.com/news/quantum-computing-vs-blockchain-impact-on-cryptography

Wonder why you cannot get your password once lost on the blockchain? Because it is not enabled to do reverse calculus.

As for banks, do banks keep virtual currency? So you see, bank can worry less about it compare to crypto market worries

Okay. 

Share this post


Link to post
Share on other sites
27 minutes ago, Bnance10 said:

WHAT?  But I’m gonna give you a like anyway if I still have any.. since someone gotta give you his first positive reaction 🙂

Okay. 

thank you, maybe you misinterpreted my words, I just gave input. we share knowledge and experience what we know or we have ever done. not only he said.

thank you dude 🙂 

10 minutes ago, Awaremooner said:

loool. I understand why @Bnance10 said he will give you a like anyway. We are talking about a computer that poses threat to present day computational capabilities and you are talking about servers and VPS. I don't have any like left, I would have freely given you one too like my boss @Bnance10

I understand what you mean, this is a bit far from the conversation, but I give advice on the best mining method compared to Quantum Computers. This is still related where I give the best advice. I know you want to start mining but there is still fear of loss. I am an active miner since 2014.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

I finally got your point.  You were too clever in your comment for us to get you at first!  I thought someone was using Google Translate again! Haha

Enjoyed it.

Share this post


Link to post
Share on other sites
9 hours ago, Awaremooner said:

Do you know the computing capability of quantum computers? With quantum computing, blockchain will be reduced to shit and Government can successfully fight the crypto industries then. No algorithm can stop a quantum computers. Try read up on quantum computing please. I have said it many times in this forum that what are the measures crypto guys are putting in place to mitigate the effect of quantum computing on blockchain and cryptocurrency

you should be the one doing the reading. Do you know what cryptography is? how it works?

And how about the types of quantum computers? do you even know that the type that would be able to decifer some of the existing cryptography is so far fetched that cientists don't even have an idea on how to produce it...

Do you know that the first type of quantum computer that it will be possible to produce won't be stronger than existing super computers?

do you even know what a quantum computer does in regards to blockchain? it won't be "blockchain will be reduced to shit and Government can successfully fight the crypto industries"

If by any chance tomorrow someone comes up with a quantum computer that could decifer current private keys, there are many ways to tackle it... for example doubling the characters of the private keys... and quantum computers belong to the future... do you know how crypto will evolve until then?

crypto already exists and is developing and quantum computers that are vastly superior are just a myth ... so crypto will be light years away when they get here 😁

so learn before spreading FUD

 

Share this post


Link to post
Share on other sites
41 minutes ago, Awaremooner said:

@dentolasdentolas there is a whole lot out there you can read to broaden your horizons and be better informed instead of showing how ignorant you are in a public forum of subject being discussed. Thank you

Do you know what cryptography is? how it works? This your question really crack me up this morning. Thanks for asking

no need to keep discussing further, I see you are one of those guys with all the answers

I'm also not going to work for you in showing you some links where you could actually get some tech info on the quantum computers...

google said...we believe

google said... crypto is doomed

better sell your BTC... hurry

Share this post


Link to post
Share on other sites

Quantum computers are not yet ready for mass production. There have been some demonstrations. We still have time to adapt blockchain technology to defeat them.

 

And I cannot see the first super expensive quantum computers being used to mine cryptocurrency. They will have more important tasks in the beginning, giving us even more time to develop blockchain resistance.


Get paid for video views and writing comments! DIY Tube Video Community

DIYT Coins - The Video Sharing Cryptocurrency

Run A Masternode - Huge ROI: Buy DIYT Coins

Masternode Mining Pool & Rentals - Get FREE Credit When You Join: HERE

Share this post


Link to post
Share on other sites

I'm convinced that quantum computers will help to speed up processing some datasets, and performing some calculations, but I'd definitely like to see an implementation made to solve the sha256 algorithm in a ridiculously fast way.

Share this post


Link to post
Share on other sites
1 hour ago, starwalkerz said:

I'm convinced that quantum computers will help to speed up processing some datasets, and performing some calculations, but I'd definitely like to see an implementation made to solve the sha256 algorithm in a ridiculously fast way.

This will be a great improvement on the mining space and it'll in turn help to mitigate The cost of maintaining the rigs. 


Join My The Family And we share 100% Wining Strategy and Referral Bonus earnings. 

Earn with WOWAPP today!!! 

Share this post


Link to post
Share on other sites

I think you are right and there will be an effect on price. when quantum computer will be available to all then people can easy do mining without any complexity and the supply will be increased very soon.

Share this post


Link to post
Share on other sites

I got a little familiar with this topic, such computers are very expensive and consume a lot of electricity, they are very specific to software, so I think that this is impossible in the near future, but attempts will be made in the future.

Share this post


Link to post
Share on other sites

Yes, indeed, this will happen if quantum computers are used. These currencies will be mined very quickly, and this will lead to large volumes being put on the market. This naturally causes a decrease in the price. It is a good idea that these computers are not affordable for everyone.

Share this post


Link to post
Share on other sites

quantum computer  QC  can do a large number of calculations in parallel worlds
In the case of bitcoin, if someone has quantum computing capability before others, they might be able to start moving some large bitcoin balances before the network is upgraded
 

Share this post


Link to post
Share on other sites

Thank goodness that quantum computers are still far from being effective for mining and far far from being available to anyone


                                                    BetFury                                                   

    🐥Twitter | 📩Telegram | 🎲 You play - We pay 🎲 | YouTube 🍿| Reddit  🕹

                                              Free BTC 1 800 Satoshi every day                                            bf_320x100.png

Share this post


Link to post
Share on other sites

I see that in the future, complexity will increase to the point that quantum instruments come to the rescue - and this is normal, I think. evolution of prey.

Share this post


Link to post
Share on other sites

Quantum computers are dangerous for all systems. In my opinion, many algorithms will be refined and increased in the future

Share this post


Link to post
Share on other sites

Yes. You can mine bitcoin with quantum computer,The kind of power that quantum computer possess ,can be very easily used for a process as energy intensive ,as bitcoin mining ,A quantum computer  is any device  for comoutation that makes direct use of distinctively quantity mechanical phenomena ,such as superposition and entanglement to perform operation on data.

Share this post


Link to post
Share on other sites

I don't know quantum computers, I've never even seen it. It looks interesting and makes the mining more meaningful. but I am thinking of investing in a perfect server.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • Сам тоже думаю не садиться в этот поезд, а то пошёл там выполнять их задания в Гелакси и только сбои да сбои, надоело там раз разом крутить кнопку проверки. Почему всё так происходит не пойму, полностью отбили мотивацию.
    • Если их машина по сжиганию будет работать отлично, то и токен будет в будущем расти из-за сокращения его огромного количества. Пока как знаю дела в этом направлении идут не плохо, но рост конечно идут за счёт Битка.
    • Да это уж многих удивило, сам тоже увы не в теме, хотя крос у меня стоил 10$, если был бы 100$, то точно зашёл бы в тему с ремонтом, а там уже каждый день за 20 дайсов мог бы получать по 0.5$ за 20 секунд.  Кстати у вас всё ещё видны ваши кеды ? Их можно ремонтировать 🤔
    • Да, типа это пользователи так сделали, что форум на дне, а ведь с самого начала нужно было понять, что на одной оплата так далеко дело не пойдёт. Нужно было с самого начала работать над качеством пользователей и жёстче бороться с ботоводами, мотивировать на создание топиков, дать возможность размещать реф ссылки во всех разделах форума, в том числе и сокращение ссылки, подключить рекламу к форуму, если так плохо дело с подписанными. И это только начало списка, где всё это можно реализовать, но нет никаких действий очень долгое время.
    • Отлично, что и у вас получилось, теперь можно будет вникать в тему, где как заметил сами их квесты много времени не отнимают, ну кроме проверки. Сделал всё, оставил на час или вообще зайдёшь завтра и уже можно минтить поинты.
    • Если так будет, то шансов на успех скорее всего будет не многовато, когда рынок может пойти на дно и даже Лаунчпад на Бинансе особо то не сможет помочь проекту. Хотя будет надеяться на то что всё пройдёт хорошо и после халвинга не будет сильный спад рынка.
    • Из-за чего про них будут помнить ещё несколько сотен тысяч пользователей, которых они не хило кинули. А всё могло быть иначе, если разработчики распределились с дропом получше как и вообще самим листингом токена.
    • Принимайте high risk платежи со всего мира с помощью Paykassma   Ведущее решение для обработки платежей в Индии, Бангладеш, Индонезии, Вьетнаме, Южной Африке, Бразилии и многих других странах с 2019 года   3,2+ млрд потенциальных клиентов на самых перспективных рынках ждут вас   100+ локальных платежных методов в одной интеграции: bKash, Nagad, Upay, Rocket, PM, PhonePe, UPI, UPI S, IMPS, PayTM, Easypaisa, Jazz Cash, Skrill, Neteller, Vietin Bank, Visa, Mastercard и многие другие   Попробуйте Paykassma сегодня!   Рост конверсии +20% Увеличение оборота x100 за неделю 99.9%+ успешных платежей Без роллинг резервов Без холдов Расчетный период T+0 Поддержка 24/7/365    Моментальный прием платежей, выплаты пользователям и вывод средств в BTC/USDT или через банковский перевод в любое время   Помогаем расти бизнесам в любых вертикалях с 2019:   iGaming Forex Trading Binary Dating E-commerce Education & more   Простая интеграция через API или Платежную страницу с настраиваемой формой оплаты   С чего начать?   Оставьте заявку по ссылке ниже, и в ближайшее время вы получите лучшее предложение для процессинга high risk платежей   Оставить заявку   FAQ   Как выбрать лучший платежный шлюз для high-risk ниши?   При поиске решений для процессинга платежей в high risk вертикалях очень важно оценить, сможет ли шлюз справиться с ожидаемым объемом транзакций, особенно в пиковые моменты. Ищите поставщиков с большим опытом работы в отраслях с высоким уровнем риска. Убедитесь, что шлюз соответствует требованиям PCI DSS. Проверьте, насколько легко интегрировать конкретный шлюз с вашими существующими системами. Paykassma работает на рынке high risk платежей с 2019 года, поэтому наша команда сможет обеспечить надежную инфраструктуру, способную без труда обрабатывать платежи в любом масштабе.   Что такое процессинг high risk платежей?   Обработка high risk платежей – это услуги, предоставляемые Paykassma бизнесам, которые работают в вертикалях с повышенным риском возврата платежей, мошенничества или более склонны к финансовой нестабильности. Регулирующие органы часто осуществляют усиленный контроль над подобными организациями. Это такие вертикали как электронная коммерция, фарма, нутра,  форекс, трейдинг, азартные игры (“гемблинг” или “гэмблинг” как казино, “букмекерство” или “беттинг” как ставки на спорт), развлечения для взрослых и другие. Будучи ведущим платежным процессором в high risk сегменте, Paykassma специализируется на работе с такими видами бизнеса, предлагая им возможность принимать оплату через 100+ локальных платежных способов по всему миру.   Что такое high risk merchant account?   High-risk merchant account – это тип банковского счета для бизнеса в сегменте high risk. Наличие подобного счета позволяет компаниям работать и развиваться, принимая платежи в режиме онлайн. Для high risk merchant account очень важно найти подходящего платежного оператора, который понимает их отрасль и может предложить условия и услуги, соответствующие их конкретным потребностям. Paykassma – выбор лидеров индустрии, проверенный и надежный поставщик high risk merchant account на рынках Азии, Африки и других регионов с 2019 года.   Попробуйте онлайн-демо     Отправляйте заявку по ссылке ниже, и мы предложим вам лучшее решение для обработки high risk платежей по всему миру в ближайшее время       Оставить заявку  
    • Уважаемые форумчане!Рады сообщить, что наш обменник разместился на мониторингахhttps://glazok.org/exchange/?details=1274 https://www.okchanger.ru/exchangers/xgramБудем рады Вашим пожеланиям!
    • Друзья, наши курс на данный момент: BTC – RUB – 6 285 602 (Не забывайте, что курсы нестабильны, точные данные можете узнать в моменте у поддержки)
×
×
  • Create New...