The study reveals that a quantum miner's probability of success scales approximately linearly with the problem difficulty, defying the common notion of increasing quantum advantage with harder tasks.
We demonstrate conditions under which quantum mining can be evaluated to determine whether a particular quantum computer can outperform classical systems in Bitcoin mining.
Our analysis focuses on how a single peaceful quantum miner competes within a classical network, providing insights into optimal mining protocols and their efficiency.
The embedded time limit in the quantum mining process leads to unexpected dependencies, particularly noted in scenarios where the quantum miner has limited computational power.
#quantum-computing #bitcoin-mining #grovers-search-algorithm #computational-theory #mining-protocols
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