Mining bitcoins with a Quantum ASIC
Quantum ASIC An Application Specific Integrated Circuit (ASIC) is a special type of IC solely designed for a special purpose. One very important purpose is mining bitcoin. Mining bitcoin requires huge amounts of parallelization of tasks - breaking a task into many pieces, doing the task-pieces, then adding the finished pieces together - such as hashing and counting hash values. Checking to see which hash in the hash value set meets the nonce needs to be done quickly as well. Because every minute, every second, counts in the grand race to obtain, as of right now, 6.25BTC (worth more than $162,500) before 10 minutes are through. Now research [1] into mining bitcoins with quantum computers has proven, theoretically, that the complexity for quantum search is O(sqrt N) where that for classical search using the most state-of-the-art ASICs can only go as low as O(N). To put it in figures. Given a list of 10,000 sha256 hashes whence the nonce is hiding. A quantum computer nee...