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> 3) Is it possible to create "smart" algorithm to reduce computing cost per bitcoin? I think this is equivalent to the problem: "how can I calculate SHA-256 h
by alfl 5y ago
> 3) Is it possible to create "smart" algorithm to reduce computing cost per bitcoin?
I think this is equivalent to the problem: "how can I calculate SHA-256 hashes more efficiently?"
This is an open problem in cryptanalysis. Is it "possible"? I think so, but it's a very complex computer science question. I would say: "it is probably possible, but extremely difficult to the point that it might be impossible."
- ksaj 5y agoOccasionally I see people talking about how eventually quantum computers will be able to mine coins much faster than anyone can with the current technologies in use. Maybe. But how much does a Quantum computer costs to a) buy and b) run?