# 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

Mohammad D(Report)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

andrew r(Report)the quantum problem itself is trivial - calculate until you reach a nonce, that creates hash starting with "0000.."

The only difficulty here is to rewrite SHA-256 generator into quantum code

https://github.com/yuriks/SHA2-Csharp/blob/master/Sha256.cs

Brian H(Report)Have there been any developments on this? andrew-r

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