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Author Topic: So if I bought one of these to mine BTC, could I mine the remaining inventory?  (Read 776 times)
coinits
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June 25, 2014, 11:01:51 PM
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Dead serious here. A Canadian company has developed and sold, at $10 million a pop, a quantum computer. I think that their first customer was Lockheed Martin. Some univerties have already borrowed cycles to do calculations and solve mathematical problems that have been unsolvable with super computers.

Anyway could this thing be configured to mine BTC?

Should it not, with its ability to preform pretty much infinite calculations per second, be able to mine the rest of BTC in a few days; or at the very least put all other miners out of business?

As a side note the CIA and Jeff Bezos fronted seed money to this company.

http://www.dwavesys.com/



http://www.technologyreview.com/news/429429/the-cia-and-jeff-bezos-bet-on-quantum-computing/

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June 25, 2014, 11:03:33 PM
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https://www.google.com/search?q=site:bitcointalk.org+"d-wave"

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June 25, 2014, 11:03:47 PM
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Dead serious here. A Canadian company has developed and sold, at $10 million a pop, a quantum computer. I think that their first customer was Lockheed Martin. Some univerties have already borrowed cycles to do calculations and solve mathematical problems that have been unsolvable with super computers.

Anyway could this thing be configured to mine BTC?

Should it not, with its ability to preform pretty much infinite calculations per second, be able to mine the rest of BTC in a few days; or at the very least put all other miners out of business?

As a side note the CIA and Jeff Bezos fronted seed money to this company.

http://www.dwavesys.com/



http://www.technologyreview.com/news/429429/the-cia-and-jeff-bezos-bet-on-quantum-computing/

I can't recall the exact details, but some time ago, somewhere I read an explanation on why quantum computing wasn't useful for certain encryption algos... I though it was applicable to Bitcoin as well... trying to remember...

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June 25, 2014, 11:10:52 PM
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Yeah I found some talk on the subject but nothing that offers any real substance. Just conjecture and hyperbole!


Also one link took me to a thread where they deny that it exists. Well it obviously does because multiple parties are using them.

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June 25, 2014, 11:12:51 PM
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I'll have to find the article from the other day but Google owns one but has nothing to even really use it for yet.
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June 25, 2014, 11:27:10 PM
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Dead serious here.  This has been discussed hundreds of times in hightly technical threads.  Here are two posts to get you started:

https://bitcointalk.org/index.php?topic=310554.msg3383204#msg3383204

https://bitcointalk.org/index.php?topic=240410.msg3979899#msg3979899

Search for more.  Please.

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June 25, 2014, 11:35:48 PM
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Dead serious here. A Canadian company has developed and sold, at $10 million a pop, a quantum computer. I think that their first customer was Lockheed Martin. Some univerties have already borrowed cycles to do calculations and solve mathematical problems that have been unsolvable with super computers.

Anyway could this thing be configured to mine BTC?

Should it not, with its ability to preform pretty much infinite calculations per second, be able to mine the rest of BTC in a few days; or at the very least put all other miners out of business?

As a side note the CIA and Jeff Bezos fronted seed money to this company.

http://www.dwavesys.com/



http://www.technologyreview.com/news/429429/the-cia-and-jeff-bezos-bet-on-quantum-computing/

First off, No, you couldn't mine the remaining inventory of BTC in a few days.  The difficulty changes after every 2016 block so that the next 2016 blocks should take 2 weeksTMto be found.  So if you started this computer right after a difficulty change, you'd get at most 2016 before difficulty would skyrocket so high that your fancy super computer would still take 10 minutes to find a block. 

Second... $10 mil? Yeah, right...
Quote
Cray's XC30-AC, which goes on sale Tuesday, is Cray's cheapest supercomputer. It has the same software and processors as its big brother, the XC-30, which typically sells for $10 million to $30 million, depending on the configuration. If you were to run a problem on the smaller machine while running the same problem on an equal number of processors in the high-end Cray, you'd get your answer in the same amount of time.

Quote
But compare that to the $1 billion-plus price tag on, say, Fujitsu's "K" supercomputer, installed in Japan in 2011, and you've got a screaming deal.
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June 25, 2014, 11:39:33 PM
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People have discussed the uses before. Trust me, it's not the first time I've heard about this and it won't be the last. People think the NSA owns a computer than can crack 2048 RSA encryptions. Yeah, good luck with that. Nonetheless, we still have 8192 bit encryptions : )
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June 26, 2014, 12:06:31 AM
 #9

Dead serious here. A Canadian company has developed and sold, at $10 million a pop, a quantum computer. I think that their first customer was Lockheed Martin. Some univerties have already borrowed cycles to do calculations and solve mathematical problems that have been unsolvable with super computers.

Anyway could this thing be configured to mine BTC?

Should it not, with its ability to preform pretty much infinite calculations per second, be able to mine the rest of BTC in a few days; or at the very least put all other miners out of business?

As a side note the CIA and Jeff Bezos fronted seed money to this company.

http://www.dwavesys.com/



http://www.technologyreview.com/news/429429/the-cia-and-jeff-bezos-bet-on-quantum-computing/

First off, No, you couldn't mine the remaining inventory of BTC in a few days.  The difficulty changes after every 2016 block so that the next 2016 blocks should take 2 weeksTMto be found.  So if you started this computer right after a difficulty change, you'd get at most 2016 before difficulty would skyrocket so high that your fancy super computer would still take 10 minutes to find a block. 

Second... $10 mil? Yeah, right...

YES RIGHT!
Quote
Cray's XC30-AC, which goes on sale Tuesday, is Cray's cheapest supercomputer. It has the same software and processors as its big brother, the XC-30, which typically sells for $10 million to $30 million, depending on the configuration. If you were to run a problem on the smaller machine while running the same problem on an equal number of processors in the high-end Cray, you'd get your answer in the same amount of time.

Quote
But compare that to the $1 billion-plus price tag on, say, Fujitsu's "K" supercomputer, installed in Japan in 2011, and you've got a screaming deal.
Roll Eyes

Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 25 btc per week.
coinits
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June 26, 2014, 12:07:21 AM
 #10

Dead serious here.  This has been discussed hundreds of times in hightly technical threads.  Here are two posts to get you started:

https://bitcointalk.org/index.php?topic=310554.msg3383204#msg3383204

https://bitcointalk.org/index.php?topic=240410.msg3979899#msg3979899

Search for more.  Please.

Thank you.

Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 25 btc per week.
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