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Worlds first petahertz transistor at ambient conditions
3 ChuckMcM 4 5/24/2025, 8:06:19 PM news.arizona.edu ↗
It's also kind of funny that you could mine the shit out of Bitcoin with something like this, which would either pay for itself or crash Bitcoin, hard to predict.
Bitcoin has a built-in mechanism to counteract improvements in hashing speed (either because of hardware getting faster, algorithmic improvements, or more hardware getting devoted to hashing).
See https://en.wikipedia.org/wiki/Bitcoin#Mining: “The difficulty of generating a block is deterministically adjusted based on the mining power on the network by changing the difficulty target, which is recalibrated every 2,016 blocks (approximately two weeks) to maintain an average time of ten minutes between new blocks“
I think there’s more than enough range available here to handle a million-fold increase in hashing power.
if someone had a monopoly on chips like these, they could dominate the network and freeze out other miners. which would likely tank the network and make those BTC worthless
I guess that didn’t happen because making ASICs is relatively easy, but even if it isn’t, what would be in it for a potential monopolist to tank the value of bitcoin in that way? They better take a large but not overly large part of the market and keep mining money for a long time, only speeding up when a competitor steps in.