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Re:Anglo-Italian company says it has cracked Bitcoin. People... by ArtTimeInvestor on Monday March 25, 2024 @12:33PM (#39818347)
A company called "Quantum Blockchain Technologies" claims they use "Artificial Intelligence" to speed up Bitcoin mining.

You can't make this up.

Poking around their website makes my bullshit detector go off like crazy. The way they talk about machine learning speeding up hash search just makes no sense. And on archive.org you can see they have been talking like this for quite a while now.

Re:Anglo-Italian company says it has cracked Bitcoin. People... by friend_and_foe on Monday March 25, 2024 @10:30PM (#39823737)
Either they 1) cracked sha256, or they 2) proved P==NP.

Or 3) they've crammed every hype buzzword into their SEO blogspam website they could and will soon change their name to "Quantum Blockchain AI .com Ltd."

Re:Anglo-Italian company says it has cracked Bitcoin. People... by 1letterunixname on Tuesday March 26, 2024 @12:34AM (#39824290)
Quantum rainbow tables... now in 5D!

Seriously, this is 99.9% hype, probably generated by AI. I'm just waiting until the SEO spam salespeople flood the internet with Mark V. Shaney's that are entirely self-replicating automata of shit.

Re:Anglo-Italian company says it has cracked Bitcoin. People... by soganess on Tuesday March 26, 2024 @01:19AM (#39824475)
What are you talking about??? We already know P=NP!! [1]

In all seriousness, I'm enjoying musing about what kind of "fake it 'til you make it" group fever dream got them to think this would fly. Also can't wait for the follow up "damage control" press release that claims Satoshi is one of their principle scientists on staff.

Bonus points: That video of 'Method B' [2], --if it was real-- quickly decaying in advantage from 7x to 2.5x (as compared to brute-force enumeration) implies their patent-pending method is asymptotically exponential-time and that their heuristics aren't always that clever... yay slightly faster exponential time... sometimes! So I suppose they are being honest?

[1]: When N=1 or N=0 ■

[2]: https://youtu.be/vPT0HWVnE98?feature=shared

Re:Anglo-Italian company says it has cracked Bitcoin. People... by friend_and_foe on Tuesday March 26, 2024 @11:37PM (#39835480)
Thanks for sending me that. I checked out the rest of the channel. The CEO (lol) is in most of the videos, one of them is a heavily edited video where he says that his company not once, not twice, but 3 times independently found patterns in sha256, basically saying they cracked it, 3 independent teams all cracked it separately with different approaches.

No I don't for a second think they're being honest.

Re:Anglo-Italian company says it has cracked Bitcoin. People... by me_me_me on Tuesday March 26, 2024 @11:36AM (#39829209)
Are they offloading cloud operations using sidechannel funnel?

If so its a prime opportunity to look into investment potential and growth vectors!