Decentralized Quantum Computing Discussion - Qbitcoin

Hello all,

Join us for the launch of Qubitcoin🚀, a talk about pushing the boundaries of quantum computing and pizza!

Qubitcoin is a decentralized network for building competing quantum simulators.

📅Date: Tuesday, Oct. 29th
Time: 7 pm ET

📍Locations
@MIT: CUA Seminar Room (26-214)
@Vanderbilt: Stevenson 1 (Math) 308

🌐Zoom: https://us06web.zoom.us/j/83823378857?pwd=YbJbmACCEGxaCbrJ58K23v9emvEaaa.1

📝Please RSVP by filling in this form: https://lu.ma/nop2dskq Or on meetup page

Talk details:

title: Qubitcoin: Decentralized development of quantum simulators

authors: David Nizovsky, Daniil Shatokhin and Mikhail Shalaginov

abstract: Quantum simulators running on classical computers have received relatively little attention while the main focus of quantum scientists has been on demonstrating the supremacy of actual quantum computers. Hence, this leaves significant room for their improvement, both in terms of hardware and software sides. Inspired by the rise of application-specific integrated circuits (ASICs) used in Bitcoin mining, we propose to advance classical quantum simulators specifically designed to tackle useful quantum tasks. As a primary candidate for the quantum task, we selected a variational quantum algorithm (VQA) which is widely used in quantum chemistry to compute the ground states of molecules. In this protocol, the parametrized VQA circuit is embedded within a modified Bitcoin mining cycle (Proof-of-Work) and serves as a core computational challenge. Therefore, participants who devise faster methods for computing VQA will have a better chance of receiving greater rewards by mining more qubitcoins. Currently, we are prioritizing classical quantum simulators because they are more stable and less prone to errors. However, as quantum hardware advances, we anticipate that quantum computers will eventually join the quantum mining league.

During the event, we will also demonstrate Qubitcoin mining and officially launch the mining network.