Is Google's new #QuantumComputing breakthrough a threat to #bitcoin mining?

No, it's ECDLP which matters, mining has nothing to do with quantum.

Even if I could afford a quantum computer, it will take a decade to ROI if you use it to mine $BTC 😂 Anyone can actually do mining now using their conventional computer. Even without technical expertise, you can mine several DePIN tokens all at once using @HivelloOfficial.

Also, Bitcoin mining is different from the cryptography that secures wallets, so improvements in mining =/= your coins at risk. Plus, there is a difficulty adjustment every 2016 blocks, so if a computer mined those instantly, it would still take ~10min/block for the next 2016.

But they created a Parallel Universe Processor! That's fantastic!! Who could imagine using parallel universes to help do our calculations faster?

The threat is not for mining but for public keys

Thanks for the simple, straightforward explanation of the current Science Physics News. And thanks for loading the video straight to X.

Bitcoin mining is a threat to national energy grids. So is LLM AI.

Post-quantum cryptography will help protect against this threat, and we have already implemented it in our CF-20 protocol.

Bitcoin mining?🙀 Next thing you know people will be having "unfettered conversations". 🙄

Quantum computers have no advantage that I’m aware of at SHA256 hashing. It’s just math that classical computers excel at. But these days it’s all done with custom chips designed only to compute SHA256 hashes. Quantum computers are a theoretical threat to many cryptographic algorithms, and this matters for Bitcoin too. But not for mining.