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New study from BTQ Technologies identifies real quantum threat to Bitcoin
BTQ Technologies Corp. has published a landmark research paper that establishes the physical and economic reality of using quantum computers to mine Bitcoin. The study, titled “Kardashev Scale Quantum Computing for Bitcoin Mining,” reveals that while quantum computers are often viewed as a threat to the network, using them to accelerate traditional mining is currently an impossible task. According to the author, Pierre-Luc Dallaire-Demers, competitive quantum mining would require a massive amount of resources. At Bitcoin’s January 2025 difficulty level, a quantum fleet would need approximately 10^23 physical ... (full story)
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