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Where did you conclude that once SHA256 is broken, we'll upgrade to SHA384? If SHA256 becomes broken, which is a doomsday scenario, we shouldn't use neither SHA384 nor SHA512 as they all belong to SHA-2. This is a very common misconception that people do when talking about the security threat of quantum computers to btc & co. The main issue is not about the encryption algorithm, but instead of signature algorithm as it was mentionned in the link. If a paper says the threat is non existent or is centuries away, feel free to believe them. But ask the authors how much money they will bet on their timeline and I am happy to bet against them |
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Good luck. First, try to find 120-bit private key from transaction puzzle (or 64-bit private key with unknown public key and known address). There are many challenges that are far easier than regular 256-bit keys, and you will quickly see, how far we are from quantum computers if you try to break any of them.
yeah sure, we are 100 billions years away from quantum computers ... no worry  and by the way, thanks to Taproot, little effort is required to know address public key, but I guess you did not pay any attention to that 'detail'! So rather good luck to you, you will need it much more than I do ... And feel FREE to keep betting against science and technology progress. You will indeniably end up on the WRONG side of history |
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Latest Quantum Computer available commercially - D-Wave Quantum Computer
Costs: $15,000 (That too un-configured for Bitcoin Mining, coding will cost additional man's salary)
Quantum Computer Operation: Well you will probably need a room or at least superconductors which would be cooling down your 2000Qubic chip down to the -273 degree celsium.
If you have money then it's fine, buying computer worth $15 million wont be big deal for you. The question is would you be able to maintain the temperature below zero degrees all the time? Imagine the power consumption required to do that one.
Forget about break even point, you wont be able to recover the yearly power consumption out of the bitcoin mining.
If you start to inject the market with heavy supplies of bitcoin, assuming you are mining 1000x others, then ideally the supply will easily fill up the demand and might reduce in the pricing.
For example, Supercomputer in China, named Tianhe-2 use 18 megawatts of electricity.
In conclusion even if we use it, it wont be beneficial at all.
why waste time mining BTC when you can do much better with a quantum computer? that's a very poor use case ... Instead, I will aim to hack all big wallets, starting with Satoshi wallet (980, 000 BTC) and other big wallets, then start dumping them asap ... |
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what do you think of the token $QANX ? QANPLATAFORM
they said to have a solution for this.
thanks!
you also have some mineable new blockchain based on NIST round 3 quantum resistant signature algorithms: -Doge protocol https://dogeprotocol.org/-Tidecoin https://tidecoin.org/-Arielcoin https://arielcoin.org/And QRL based on quantum resistant algorithm called XMSS: https://www.theqrl.org/start mining & accumulating till the day (soon in the future, maybe by 2025...) when quantum threat wipes out 99.99% of crypto market caps (BTC, ETH, etc) |
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what do you think of the token $QANX ? QANPLATAFORM
they said to have a solution for this.
thanks!
If it's token, then they're lying since token only use existing cryptocurrency protocol/network. It's NOT a token project. It's a brand new blockchain. True that it's being supported by a token right now. But according to their roadmap, token holders will swap their tokens for native coins on the new L1 quantum resistant Qanplatform blockchain. |
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I don't think it can. At least, in the upcoming few years, I think Quantum computers are still too expensive for someone to try such thing. I remember to watch a video quite some time ago and the video was explaining how hard it is to keep the computer running smoothly, how much energy it would spend and how would it cost, like per day, or something like that. The numbers were alarmingly high and the technology needed to keep the computer running was also large.
A part from that, I think there are already people working on Quantum resistant algorithms for when that time comes!
it would clearly be a profitable operation to run a qc, hacking few 1000s of btc/eth, then silently dump them to the sheep saying "quantum threat is decades away blablablabla". you won't see it coming even if you know that it's coming. And at first, it's clear that no individual or small organization will have access to such infrastructure, but some state sponsored actors or big tech corps (Google, IBM, Microsoft, etc) would |
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is this coin alive?
how to do local solo mining? i rceive a connection refused error to http:127.0.0.1: ...
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*** Q-DOOMSDAY IS ARRIVING FAST *** 1M qubit quantum chip by 2024. All these fallacies "we are decades away" should be put to rest very soon enough Wafer Scale Quantum Chip Prototype Delivers 1M Qubits by 2024 By Francisco Pires published about 13 hours ago It is a quantum renaissance for fabrication industries from a 2-qubit computer in 1998 to 1 million by 2024. https://www.tomshardware.com/news/wafer-scale-quantum-chip-prototype-delivers-1m-qubits-by-2024There are already good already out there who are tackle this issue. Make your choice. In the brave new world of post quantum, old unsafe blockchains/coins are garbage: -Tidecoin (TDC) -Arielcoin -QRL -QANX etc |
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IOTA is not quantum resistant at all
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