Is Google supercomputer a threat? - page 5.

Cendassi

member

Activity: 64

Merit: 10

Quote from: croato on December 11, 2015, 06:11:13 AM

I dont like Google, way how it collect data about users and power it have so yes, i am bit worried about all that. Also, AI bit scares me and i just hope they will control it and not AI will control them (along with all of us) at end.

How would this affect bitcoin directly though?
I don't think it will have a big impact on bitcoin as in the value itself.

croato

hero member

Activity: 616

Merit: 500

1BkEzspSxp2zzHiZTtUZJ6TjEb1hERFdRr

I dont like Google, way how it collect data about users and power it have so yes, i am bit worried about all that. Also, AI bit scares me and i just hope they will control it and not AI will control them (along with all of us) at end.

justspare

hero member

Activity: 1022

Merit: 538

Quote from: LuckyYOU on December 11, 2015, 04:19:17 AM

I don't think it will have a big impact on bitcoin. Therefore, I see no threat against bitcoin in anyway.
I don't mind google doing anything with bticoin though, hopefully they will adapt to bitcoin as a company as well.

I don't really see this having any impact on Bitcoin. And yeah, it would be nice if google adopts bitcoin and we can use it buy things on the google play store or use it on google wallet.

justspare

hero member

Activity: 1022

Merit: 538

So what if google use it to start mining Bitcoin. The hash rate wouldn't be that much higher than the really good miners that are already on the market. And seriously, if google wanted to get into the Bitcoin industry, they would have done it a long time ago.

Ketariz

newbie

Activity: 38

Merit: 0

if the Google supercomputer becomes a reality, the whole banking system will collapse before the bitcoin. The bitcoin hashing increases faster than the quantum computer.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: achow101 on December 10, 2015, 10:50:17 PM

The other aspect is with mining, and QCs are not known to have any significant advantage with hashing than classical computers. Even if they did, then when the difficulty adjusts, then the attacker would not be able to produce blocks faster than everyone else, they would still come out on average every 10 minutes.

You are wrong, if difficulty becomes higher QCs will get even higher advantage. Read section 4.2 from http://188.138.57.93/tangle.pdf.

MaxTax

sr. member

Activity: 322

Merit: 250

Meh, I don't think it will have any effect on bitcoin, as a threat really. I'm glad to see google being interested in this though.
They might adapt to bitcoin soon. In my eyes this is good news, not a threat at all.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: LuckyYOU on December 11, 2015, 04:19:17 AM

I don't think it will have a big impact on bitcoin. Therefore, I see no threat against bitcoin in anyway.
I don't mind google doing anything with bticoin though, hopefully they will adapt to bitcoin as a company as well.

Yes, this is the same argument as we had in several threads lately about the quantum computers! I don't really see any threat here. If there would be a threat, trust me, all of the banks and financial systems would be very endangered, just as us.

Not to mention that we will always have time to progress and improve, change algorithms, etc, as this super computer technology advances!

LuckyYOU

sr. member

Activity: 280

Merit: 250

I don't think it will have a big impact on bitcoin. Therefore, I see no threat against bitcoin in anyway.
I don't mind google doing anything with bticoin though, hopefully they will adapt to bitcoin as a company as well.

DavieT1337

member

Activity: 112

Merit: 10

Quote from: steveds on December 11, 2015, 03:49:32 AM

Quote from: TheSecretOfShadow on December 10, 2015, 10:35:06 PM

I don't mine but this could affect me somehow if Google decide to use it to mine Bitcoins Tongue

No it won't affect you in any way, Google will never use those things for such a low market cap (around 6 billion).
The amount of power and maintenance required for it to function is definitely not worth mining coins,using it for criminal world is a different story but no affect over mining.

How could u know? i mean if they just do it or not - How could u proof them they arent or they do? I think this is quit not possible Wink

So therefore also Google i think is very ionterested in the Bitcoin and i heard over someone they just claim and hold them awaiting the 10k incoming Cheesy

Would be great maybe for everybody - OR only for Google, not Cool

regards
DavieT1337

steveds

legendary

Activity: 966

Merit: 1000

Quote from: TheSecretOfShadow on December 10, 2015, 10:35:06 PM

I don't mine but this could affect me somehow if Google decide to use it to mine Bitcoins Tongue

No it won't affect you in any way, Google will never use those things for such a low market cap (around 6 billion).
The amount of power and maintenance required for it to function is definitely not worth mining coins,using it for criminal world is a different story but no affect over mining.

DavieT1337

member

Activity: 112

Merit: 10

Wow 100 Million is a lot Okay Grin

MAybe google does all Day long Bitcoin Mining Cheesy

who knows

Anyways its amazing where the technologie goes.. so far Roll Eyes

regards
DavieT1337

chennan

legendary

Activity: 1316

Merit: 1004

Quote from: Kprawn on December 11, 2015, 12:47:42 AM

These computers are normally purpose built for some kind of project. The cost involved with this, would most definitely not justify it being used for Bitcoin mining. The company would

much rather use it, to support their other core businesses. Data mining and information management would be a better application and for research and development. And it was done

before, and the results was very poor for Bitcoin mining. https://bitcoinmagazine.com/articles/government-bans-professor-mining-bitcoin-supercomputer-1402002877

I quote : “In a day, Sequoia could mine about 40 dollars worth of bitcoin, but it consumes about the same amount of electricity as 4,000 homes: 8 megawatts. They would pay more money in electricity costs each day than they would earn.”

Actually I think this is the only real use Google would have for these type of computers. I would think they would use them to help solidify their place as the only real source of all information to be had on the Internet... Either that or *spoiler: tinfoil hat time*

1) use it to test/produce the worlds actual first AI.

2) be in the process of making 10 or 20 of these things to centrally run nodes for their own crypto they've been secretly working on. So in a way to overthrow Bitcoin and keep the blockchain features which governments and central banks could get behind.

I know it's super conspiratorial ideas, but I've had little sleep ans the coffee is starting to kick in to begin another work day for me lol.

lixer

hero member

Activity: 2688

Merit: 588

Quote from: TastyChillySauce00 on December 11, 2015, 03:14:34 AM

i dont mind google would do anything to bitcoin since they didn't even accept bitcoin in their services and probably google building quantum pc for mining purpose , i have a positive thinking by the way

If this will happen, there would be more completion in bitcoin mining. More the hashes more the difficulty. Later on this will reflect on bitcoin values. So, obviously result in higher bitcoin vales. Another way of seeing this news positively.

Bitcoinpro

legendary

Activity: 1358

Merit: 1000

Quote from: TERA on December 10, 2015, 11:47:27 PM

well timed post,, its quantum doge

much wow

so quantum

bitcreditscc

hero member

Activity: 602

Merit: 501

a threat can be defined as a new method or tech that can produce magnitudes greater hash @ a fraction of the cost.

eg 1 PH/s @ < $100 cost.

Bitcoinpro

legendary

Activity: 1358

Merit: 1000

Quote from: TheSecretOfShadow on December 10, 2015, 10:35:06 PM

Hello guys,

I was reading my daily news when I saw this:
http://www.telegraph.co.uk/technology/news/12042781/Google-D-Wave-quantum-computer-is-100-million-times-faster-than-your-PC.html

If you don't want to open this link, the title is: "Google’s new quantum computer is '100 million times faster than your PC". They also say "It can answer certain algorithms in seconds rather than years". Shocked

I'm kind of worried, but I don't know if I should be, what you guys think about this? I don't mine but this could affect me somehow if Google decide to use it to mine Bitcoins Tongue

(any language mistakes? Sorry for that, english is not my native language).

that story is fake

please do not let predictions of ponzi scams n pyramid schemes distract u

Amph

legendary

Activity: 3248

Merit: 1070

no the only real threat for bitcoin, is the value of it, if the value does not reach a certain threshold, miners will leave and bitcoin will inevitable be uselesses and die

there is no other threat, said this, there are some things to change when quantum kick-in, because ecdsa will be vulnerable

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

i dont mind google would do anything to bitcoin since they didn't even accept bitcoin in their services and probably google building quantum pc for mining purpose , i have a positive thinking by the way

n2004al

legendary

Activity: 1134

Merit: 1000

Quote from: TheSecretOfShadow on December 10, 2015, 10:35:06 PM

Hello guys,

I was reading my daily news when I saw this:
http://www.telegraph.co.uk/technology/news/12042781/Google-D-Wave-quantum-computer-is-100-million-times-faster-than-your-PC.html

If you don't want to open this link, the title is: "Google’s new quantum computer is '100 million times faster than your PC". They also say "It can answer certain algorithms in seconds rather than years". Shocked

I'm kind of worried, but I don't know if I should be, what you guys think about this? I don't mine but this could affect me somehow if Google decide to use it to mine Bitcoins Tongue

(any language mistakes? Sorry for that, english is not my native language).

Everything can be possible but I think that the owners of google have no need to mine. They have mountains of money and don't know what to do with those. They have already even a world class business which is the first ranked in its field. At the end I cannot believe that they can do something that can make bad to bitcoin and to its community. Have no reasons to do this. The power they will gain if will mine bitcoin (if decide to mine with this kind of computer) will give them nothing that them have not already. Or that cannot buy already. So, I don't see any threat of the Google computer for bitcoin.

Topic: Is Google supercomputer a threat? - page 5. (Read 4586 times)