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RE: Why Bitcoin Mining (SHA-256) is post Quantum-safe (if Quantum Computer existed)
To be honest I could barely understand any of this. It's way over my head.
This may be a silly question but would the quantum computer just end up being a very powerful mining node? Sort of like bitcoin historically when people mined it on their CPU, then GPU, then ASIC...etc?
Again, I only minimally understand this stuff so everything I said could be completely wrong 😂
0.00346496 BEE
Yes, good point, a quantum computer, if it existed, could indeed be viewed as a very powerful mining node, Bitcoin would then naturally adjust its difficulty but if the quantum computer was outperforming all other miners it could indeed become a security risk, if there were no other miners with quantum computers.
Yes that's what I was thinking as well. Other miners would also need a quantum computer in order to compete.