OT: Google's quantum computer.
https://techcrunch.com/2024/12/10/google-says-its-new-quantum-chip-indicates-that-multiple-universes-exist/
and
https://blog.google/technology/research/google-willow-quantum-chip/
Perhaps, I am just not getting it.
https://techcrunch.com/2024/12/10/google-says-its-new-quantum-chip-indicates-that-multiple-universes-exist/
and
https://blog.google/technology/research/google-willow-quantum-chip/
Perhaps, I am just not getting it.
Or perhaps, the journalists are reporting a load of bullshit, because they didn't understand, either.
Of course if the scientists at Google could be so kind to explain specifically which kind of calculation this machine is performing - say, naming a well-known algorithm for some complex problem, or showing us the equivalent non-quantum code - then someone might be able to figure it out. I hope they will publish the details soonish.
right...solve something anybody could understand, but, please, stay away from SHA-256, albeit they are still 1-2 orders of qubits numbers away.
back to bitcoin: i was looking at the numbers at the beginning of cycle 9-maybe somewhere in 2036 (most likely early 2036 or even late 2035 aka 11.5-12 years, typically):
at the start of cycle 9 there would be 20917968.75 bitcoins in circulation (99.6% already issued)
and 0.1953 btc/block (https://en.bitcoin.it/wiki/Controlled_supply).
Let's assume btc power use increases 20% a year from now, so about 10X in 12 years.
I think that these are realistic and maybe minimal numbers considering that energy use by bitcoin climbed at about 60-65% per year average during the last 7 years.
The minimal price should be current minimal profitability price of say, about (50K)X10X (increase in power use)X(3.25/0.1953)(this is a coefficient of reduction in block size)=$8.3mil/btc, which is quite close to the numbers being talked about elsewhere..
