Published 1 day ago • loading... • Updated 1 day ago

Quantum-Powered Crypto Mining Is Here—But It Won't Help You Mine Bitcoin

The post Quantum-Powered Crypto Mining Is Here—But It Won’t Help You Mine Bitcoin appeared on BitcoinEthereumNews.com. In brief Postquant Labs launched Quip Network, a blockchain testnet that allows mining with quantum computers or traditional hardware. The system replaces Bitcoin-style hashing with optimization problems based on the Ising model. The company says the network could also track quantum progress toward breaking Bitcoin’s cryptograph…

This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

3 Articles

Crypto Economy

The Quantum Mirage: When the Mining of the Future Can't Mine Bitcoin

“Quantum-Powered Crypto Mining Is Here—But It Won’t Help You Mine Bitcoin” That headline appeared a few days ago in specialized media. The first reaction from many crypto enthusiasts was a mix of vertigo and hope. Finally, quantum computing — that mythical beast we’ve been hearing about for decades — is beginning to touch the real world of digital money. But the second reaction, after reading the article calmly, was cold disappointment: it turns…

1 day ago

Read Full Article