Bitcoin (BTC) Moving to Quantum Computer Mining (POWX)?

in #bitcoin6 years ago

Cobra-Bitcoin (Bitcoin.org Co-Owner) and Luke-Dashjr (Blockstream, Bitcoin Core Dev) are proposing Bitcoin (BTC) move to Quantum Computers to perform mining under new POWX Algorithm. This bold new move would give Bitcoin far more processing power and far more energy efficient. Hence the need for less mining nodes.

Bitcoin and Ethereum (ETH)'s network's need to grow in a massive amount to help the mempool sustain itself during more Crypto Adoption. ETH has more transactions then Visa Credit Card Company, yet has a scaling issue. Technology must advance greatly so more transaction can be processed.

The days of the building a multi-gpu mining rig are going the way of the dinosaur very soon. People will become reluctant to pay $1.00+ to send Monero (XMR) or Ethereum transactions while Bitcoin Cash (BCH) and more centrally mined coins (ASIC) cost far less in transaction fees. High transaction fee coins will falter in Merchant Adoption and will ultimately lose in the end. If a coin wants to be sound money it must win big in Merchant Adoption.

Quantum Computer Mining and ASIC Mining will takeover no doubt for all top 10 coins.

The question remains, is Blockstream ready to move to Quantum Computer Mining? Each D-Wave Q2000 costs $15 Million Dollars, will they get their moneys worth?
dwave.jpg

Sort:  

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BCHBitcoin Cash771.936$0.26%8.88%
BTCBitcoin6701.800$1.69%9.33%
ETHEthereum473.939$1.09%8.92%
QAUQuantum0.159$4.37%6.51%
XMRMonero142.876$2.93%12.12%

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.030
BTC 65269.28
ETH 3441.23
USDT 1.00
SBD 2.62