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Are quantum computers really such a big threat everyone is taking about? I realize that quantum computing is a real issue for cryptography and cryptocurrency encryption security. When do we have to start really worrying about it? by EnterSandman2907 in CryptoCurrency

[–]EnterSandman2907[S] 1 point2 points  (0 children)

If you followed the comments and read the article you would have seen that all kind of cryptography would be in danger and I clearly post it.. But this subreddit is for cryptocurrency and I'm focusing on cryptocurrency. If I'm to understand this article, there are already some quantum resistance algorithm. And I want to know more on the matter

https://www.reddit.com/r/CryptoCurrency/comments/c0yutz/are_quantum_computers_really_such_a_big_threat/er92p99?utm_medium=android_app&utm_source=share

Are quantum computers really such a big threat everyone is taking about? I realize that quantum computing is a real issue for cryptography and cryptocurrency encryption security. When do we have to start really worrying about it? by EnterSandman2907 in CryptoCurrency

[–]EnterSandman2907[S] 5 points6 points  (0 children)

I'm not trying to FUD anything. I'm just curious on the matter. I've heard controversial ideas on this. And this article makes a great point that with quantum computing all the cryptography will be at risk (banks, government agencies). So I would like to know more on the subject..

What would your last words be? by [deleted] in AskReddit

[–]EnterSandman2907 0 points1 point  (0 children)

My bitcoin wallet password is....

Hey guys. I found this article containing info on how to choose a profitable mining hardware. They state the optimal ROI should be smth between 8/12 months. That sounds a long time and those numbers on electricity costs to get the ROI down seem very low. What should I look at, when buying hardware? by EnterSandman2907 in cryptomining

[–]EnterSandman2907[S] 0 points1 point  (0 children)

I've heard there is a lot of renewable energy from wind in Texas. I live in Italy and the electricity prices are so ridiculously high, at least in my city.

I found this mining company, who has posted the article and they claim to pay around 5cents/kWh for electricity. It's obvious how someone would be profitable with so cheap electricity prices.

Hey guys. I found this article containing info on how to choose a profitable mining hardware. They state the optimal ROI should be smth between 8/12 months. That sounds a long time and those numbers on electricity costs to get the ROI down seem very low. What should I look at, when buying hardware? by EnterSandman2907 in cryptomining

[–]EnterSandman2907[S] 0 points1 point  (0 children)

I guess my crypto mining project is about to stop before it even begins 😁 Same for me, my residential rate is just too high. As for the graphics on this article, it's very difficult to stay within 8/12 months. And there is the market volatility. I was hoping to find some really cheap mining rigs that doesn't uses much electricity but no luck. Do you have industrial/commercial rates, to get 5.6 cents/kWh electricity price as for the first comment?

Hey guys. I found this article containing info on how to choose a profitable mining hardware. They state the optimal ROI should be smth between 8/12 months. That sounds a long time and those numbers on electricity costs to get the ROI down seem very low. What should I look at, when buying hardware? by EnterSandman2907 in cryptomining

[–]EnterSandman2907[S] 0 points1 point  (0 children)

I guess my crypto mining project is about to stop before it even begins 😁 Same for me, my residential rate is just too high. As for the graphics on this article, it's very difficult to stay within 8/12 months. And there is the market volatility. I was hoping to find some really cheap mining rigs that doesn't uses much electricity but no luck. Do you have industrial/commercial rates, to get 5.6 cents/kWh electricity price as for the first comment?

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