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What mining machine can mine Quantum Chain (What happened to quantum mining machines)?

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What mining machine can mine Quantum Chain? It is generated by randomly generati

What mining machine can mine Quantum Chain (What happened to quantum mining machines)?

What mining machine can mine Quantum Chain? It is generated by randomly generating blocks into decimals through the quantum hash value. This process requires a large amount of computing resources (about 100GB), which makes it difficult for many programs to execute. In order to ensure the security, efficiency, and trustworthiness of these calculations, it is possible to achieve some seemingly impossible things without a large number of computing devices. For example, we can use Bitcoin for quantum bit transactions, or use cryptocurrency for quantifiable yield currencies to purchase mining hardware, and so on.

What happened to quantum mining machines

Editor’s note: This article is from Honeycomb Finance News (ID: fengchao-caijing), authored by JXkin, authorized to be reproduced by Odaily Star News.

What exactly is a quantum mining machine? Let’s talk about the hottest currency in this industry-quantum mining.

According to official information, quantum computing power was first launched in 2016 and rose to over 3000 US dollars during the bull market of 2017, and then fell sharply to around 1500 yuan; then it reached a low point early in 2018, when the price was only 1000 US dollars, and now it has dropped to more than 300 yuan.

In October last year, the quantum encrypted currency market began to explode, with popular currencies such as Ethereum and Litecoin experiencing varying degrees of high premiums and bubbles. At the end of 2017, the price of Bitcoin reached a historical high, and then continued to decline. At the end of 2017, the BTC/ETH price soared and eventually broke through 20,000 US dollars. With the surge in Bitcoin, the price of Ethereum also rose significantly, but it has not been able to recover.

According to data from Coinmarketcap, as of the end of August, the total value of digital assets exceeded 500 million US dollars, and the total transaction volume for the whole year of 2019 was about 14.7 trillion US dollars. In the first three quarters of 2020, the total market value of digital financial products increased nearly fourfold in a week; the global market share in the first quarter of 2021 reached 18.6%, an increase of 8% from the fourth quarter of 2020. Among them, in the third quarter of this year, the overall digital currency market showed an upward trend. In the first half of 2018, the average daily trading volume of the digital currency market dropped from 344 million pens in the fourth quarter of 2019 to 688 million yuan in September. This means that the digital currency market has been in a bear market since this year, and investors generally have an optimistic attitude. Since 2019, the overall market of digital currencies has been steadily progressing, but at the same time, the flow of funds in the digital currency market has been exceptionally difficult. In the second half of 2020, the financing situation in the digital currency market has improved. In the second half of 2020, the digital RMB red envelope has been fully launched, and some users have snapped up “blockchain+” projects through the APP. These projects have attracted a large number of users to participate, including many well-known investment institutions such as Huobi and OKEx, which are also actively deploying the digital currency market.

However, the market situation this year has fluctuated greatly, and many investors have expressed concerns that if quantum computers do not follow the trend of development, it will have an impact on the entire digital ecosystem. For example, recently, there have been reports that a certain overseas company has purchased a quantum ASIC chip called T17Pro. This chip can enable efficient operation of quantum computing and improve the efficiency of computing power by 20%, thereby reducing mining costs for miners. Regarding this, some analysts believe that this may be related to FPGA-related patent applications.

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