bitcoin mining
hi, can this thing be used for bitcoin mining? and where to start?
There are about 2.4M bitcoins left to mine. The price atm is $50k. Considering it's not a utility stock, but a highly volatile market, that mostly sits on algorithm tradebots, and that this kind of event (finding of all the needles in the haystack) would probably crash the markets completely, let's consider a price/100 of $500. That's still about $1.2B
Comments
If the problem can be formulated as an energy-minimization problem, where the answer corresponds with the lowest energy state, then quantum annealing can be used.
Here are the basics to get started
About Quantum Annealing
What Is a QUBO?
Learn Quantum Computing
Getting Started
the quantum problem itself is trivial - calculate until you reach a nonce, that creates hash starting with "0000.."
const int quantumLimit = {1800 billion billion}
Tuple<int,string> TryMiningBitcoin ( ) {
string inputDataString = httpGetCurrentBitcoinTransactionInLine();
string randomHash;
for (int nonce = 0; nonce < quantumLimit; nonce ++ ){
// generating hash with next nonce
randomHash = sha256( newBtcTransactionData + nonce.ToString() );
if ( randomHash.startsWith("0000..") ) // hurrah! found BTC :)
return new Tuple(nonce, randomHash );
}
// too much time passed, try luck with next transaction
TryMiningBitcoin()
}
The only difficulty here is to rewrite SHA-256 generator into quantum code
https://github.com/yuriks/SHA2-Csharp/blob/master/Sha256.cs
Have there been any developments on this? andrew r
Please sign in to leave a comment.