Cryptocurrency mining companies in Texas filed applications to connect new facilities to the grid with a projected demand of nearly 42 GW of electricity in 2027, enough electricity to power more than 8.3 million Texas homes during periods of peak demand.

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[–]twolanterns 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

isnt quantum tech going to make the who cryto thing irrelevant really soon ?

[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The majority of most crypto-currencies are using, or working towards moving to, quantum-proof algorithms. Bitcoin has been pondering this for years.

I don't know if that is how it stands now, only at some point previously, or even when all the quantum-proof adjustments are done... but quantum computers are thought to change some things. Like, you would not be able to re-use a Bitcoin the address more than once, without incurring risk. Wallets mostly work like this now, not reusing addresses unless made to, by rotating change addresses, but the usage workflow of not reusing a receiving address could be cumbersome in practice.