This paper studies the effect of quantum computers on Bitcoin mining. The shift in computational paradigm towards quantum computation allows the entire search space of the golden nonce to be queried at once by exploiting quantum superpositions and entanglement. Using Grover’s algorithm, a solution can be extracted in time $O\left(\sqrt{2^{256}/t}\right)$, where t is the target value for the nonce. This is better using a square root over the classical search algorithm that requires $O(2^{256}/t)$ tries. If sufficiently large quantum computers are available for the public, mining activity in the classical sense becomes obsolete, as quantum computers always win. Without considering quantum noise, the size of the quantum computer needs to be $\approx$${10}^4$ qubits.

We develop a hybrid classical–quantum method for solving the Lorenz system. We use the forward Euler method to discretize the system in time, transforming it into a system of equations. This set of equations is solved by using the Variational Quantum Linear Solver (VQLS) algorithm. We present numerical results comparing the hybrid method with the classical approach for solving the Lorenz system. The simulation results demonstrate that the VQLS method can effectively compute solutions comparable to classical methods. The method is easily extended to solving similar nonlinear differential equations.

We consider the problem of allocating clients to base stations in wireless networks. Two design decisions are the location of the base stations, and the power levels of the base stations. We model the interference, due to the increased power usage resulting in greater serving radius, as capacities that are non-increasing with respect to the covering radius. Clients have demands that are not necessarily uniform and the capacity of a facility limits the total demand that can be served by the facility. We consider three models. In the first model, the location of the base stations and the clients are fixed, and the problem is to determine the serving radius for each base station so as to serve a set of clients with maximum total profit subject to the capacity constraints of the base stations. In the second model, each client has an associated demand in addition to its profit. A fixed number of facilities have to be opened from a candidate set of locations. The goal is to serve clients so as to maximize the profit subject to the capacity constraints. In the third model, the location and the serving radius of the base stations are to be determined. There are costs associated with opening the base stations, and the goal is to open a set of base stations of minimum total cost so as to serve the entire demand subject to the capacity constraints at the base stations. We show that for the first model the problem is NP-complete even when there are only two choices for the serving radius, and the capacities are 1,2. For the second model, we give a 1/2 approximation algorithm. For the third model, we give a column generation procedure for solving the standard linear programming model, and a randomized rounding procedure. We establish the efficacy of the column generation based rounding scheme on randomly generated instances

A new two-step interior point method for solving linear programs is presented. The technique uses a convex combination of the auxiliary and central points to compute the search direction. To update the central point, we find the best value for step size such that the feasibility condition is held. Since we use the information from the previous iteration to find the search direction, the inverse of the system is evaluated only once every iteration. A detailed empirical evaluation is performed on NETLIB instances, which compares two variants of the approach to the primal-dual log barrier interior point method. Results show that the proposed method is faster. The method reduces the number of iterations and CPU time(s) by $27\%$ and $18\%$, respectively, on NETLIB instances tested compared to the classical interior point algorithm.