Bitcoin Quantum Mining Research Report: Actual Costs Are "Astronomical," The Real Risk Lies in Signature Vulnerabilities

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Odaily Planet Daily News: BTQ Technologies has published a research paper titled “Kardashev Scale Quantum Computing for Bitcoin Mining,” which is the first to quantitatively assess the end-to-end physical costs of using quantum computing for Bitcoin mining. The related research points out that the market has long been mixing up two kinds of quantum threats: (1) attacks targeting Bitcoin’s elliptic-curve digital signatures (realistic and urgent), and (2) quantum mining accelerated based on Grover’s algorithm (theoretically possible but with extremely high practical costs).

The research paper argues that to have a substantive impact on consensus, a quantum computing cluster must be built whose energy consumption far exceeds the level of current human civilization. The paper also proposes an open-source resource estimation model, covering key steps such as reversible double SHA-256 computation, fault-tolerant quantum error correction, and large-scale quantum-bid scheduling. The conclusion emphasizes that the more realistic risk Bitcoin faces comes from vulnerabilities in cryptographic signatures, not from quantum mining capability. (PRNewswire)

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