Very true. However certain NP problems (problems not computationally feasible to solve on a classical computer) might just be BQP (solvable in polynomial time on a quantum computer.) The question is whether SHA-256 (or SHA-128) is NP-complete: if so, it is probably not BQP.
*If* BQP = P then classical computers / Turing machines can run Grover's quadratic (square root time) search. After a few hundred thousand mined the hardness catches up and process is slow again. If additionally, GP constant time search [ http://arxiv.org/abs/1303.0371 ] is in BQP then all remaining coins are mined/minted near instantaneously (no SHA hardness is sufficient to slow the search). Further, double spending is possible if one can search in constant time.
No matter how 'unlikely' that all might sound by running standard software, just keep in mind that strictly speaking no theorems (including Grover's optimality for linear QC) would be violated.
Post
Topic
BoardSecurities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
PRESSPLAY
on 15/05/2013, 16:17:21 UTC
Anybody care to sell just a couple shares privately? Help me get involved in ASICMiner and my feet a bit more wet?
PM me
Post
Topic
BoardBeginners & Help
Re: Newbie restrictions
by
PRESSPLAY
on 11/04/2013, 01:57:30 UTC
Post
Topic
BoardBeginners & Help
Re: please help a newbie out....
by
PRESSPLAY
on 11/04/2013, 01:56:32 UTC
Just upping my posts in order to post in the forums...
Anyone know how many posts aere required to post in the forums?
Post
Topic
BoardBeginners & Help
Re: Introduce yourself :)
by
PRESSPLAY
on 11/04/2013, 01:54:50 UTC
How many posts do you need in order to use the forum?
Post
Topic
BoardHardware
Topic OP
Who actually manufactures the ASICs for BFL, Avalon, etc
by
PRESSPLAY
on 07/04/2013, 03:48:22 UTC
What companies (probably China / Taiwan based) do the manufacturing for the ASIC companies? Does anyone know?
I understand you need highly specialized facilities to mass produce a given chip design -- so who are these ASIC companies outsourcing to in order to build their product?
At what point can us "Newbies" start posting in the other forums?
by
PRESSPLAY
on 27/03/2013, 15:01:53 UTC
Hello fellow Bitcoin enthusiasts,
I've been dying to respond to several posts in the bitcoin discussion and economics threads, but don't seem to have access to these privileges yet.
Anyone know what the requirements are?
Thanks,
-PL>Y
Post
Topic
BoardBeginners & Help
Re: Newbie restrictions
by
PRESSPLAY
on 23/03/2013, 22:20:39 UTC
Just stating my enthusiasm for being a contributing member of the Bitcoin Forum community. I've been reading quietly for quite a while, so figured it time to finally get my feet wet. Although I couldn't figure out how to make posts before, I now understand and appreciate the protection against trolls.