Quantum miners could have “world-changing potential” thanks to their energy efficiency over classical ASIC rigs, say scientists at the University of Kent.
A pair of scientists from the University of Kent’s School of Computing in the United Kingdom recentlya study comparing energy consumption rates for current ASIC-based miners to proposed quantum-based solutions.
Bitcoin mining operations alone consumed more than 150 terawatt hours annually , per the paper, putting into perspective the potential impact the proposed quantum-based systems could have. As the researchers point out, blockchain mining is one of the few areas of quantum computing where error correction isn’t such a big deal. In most quantum functions, errors create noise that functionally limit a computing system’s ability to produce accurate computations.
Ultimately, the researchers conclude that it should be possible to build miners using existing quantum technologies that demonstrate quantum advantage over classical computers.
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