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Zen master, it might be worth reading the recent RNSs from the company again. In my opinion the news about Bitmain doesn’t in any way affect what the company is currently doing. They are live testing on a North American asic Bitcoin mining device in mining pools eg not Chinese manufactured Bitmain rigs who QBT have not yet reverse engineered the Chinese chip for porting.
There’s also the key difference between SaaS services (QBT) and firmware within rig manufactured hardware. Bad news for Mara but I suspect not for QBT. If anything all this news has done has removed one possible alternative available to large miners for making their mining more efficient. No more developing your own custom firmware upgrades. They’ll be looking for alternatives now which QBT are live testing now.
Maybe they should have led with it’s not affected rather than that rubbish posted an hour before. Keep scrapping little fishes
You're not in business are you Brew, that attitude is how many of the business giants crumbled in history.
Only fools can be fooled by such foolish comments Brew and whilst you think you're a cut above others on here I'm afraid you're woefully wrong on that score.
If QBT don’t sell or involve Bitman then they will be in trouble.
Who will want to buy the next generation machines if they don’t perform against QBt enabled machines.
'Only fools can be fooled by such foolish comments Brew and whilst you think you're a cut above others on here I'm afraid you're woefully wrong on that score'
Just giving my 2 pence worth, certainly don't think I am a cut above anyone and apologies if I give that impression.
I think my point still stands though that around 75% of the market is Bitmain rigs and their order books are stacked. For miners to move away from Bitmain would take time and would likely mean other manufacturers would need to scale up their production to cope with the demand. It would not be an overnight event, it would take many years imo.
It also presents QBT with the issue of having to spend time on every chip type out there which would take time and resource.
'They are live testing on a North American asic Bitcoin mining device'
QBT have never specified the exact device they are using to live mine, never mind its country of origin. I believe it is likelt an inhouse creation.
'There’s also the key difference between SaaS services (QBT) and firmware within rig manufactured hardware'
The SaaS is still reliant on the firmware as this is where QBT will put their software that will talk to the SaaS.
What if QBT isn't a 3rd party to Bitmain ??????🤔
Spurious irrelevant articles. Btc dropped a bit that’s all folks. Btc bounces back qbt bounces back
It's a concerning prospect for investors and one that the company should address, besides which investors due an update on testing.
Bouncebackabiility bouncebackability bouncebackability
No it’s not concerning for investors, what is concerning for the traders is they can’t get the SP to drop quick so they come out with scaremongering which is hilarious.
It's yet another concern, to add to the long long list of concerns, for prospective investors 🙋♂️
So my 1.2p came and went yet again.
How long before the next try!.
This seams to go from 1p to 1.2p! And back down again.
News required 100%
Brew - if you read the RNS you will see why the origin of the mining device manufacture is highly highly likely not to be Chinese in my opinion.
‘Due to the very specific, architectural choices in the Chinese manufacturer’s design of BM13XX chips along with no formal collaboration between QBT and the manufacturer, the Company first needed to understand the architecture of the chip and how to best implement Methods A and B’
So ask yourself how can they be live testing on a Bitmain rig with a Chinese chip when they’ve not managed to port to this yet?
If you read the RNS further down it does say the ‘Company is performing intensive live mining tests 24/7 using ASIC-based Bitcoin mining devices connected to two large mining pools’
Now back to the top of the RNS ‘The Company has, over the past nine months, entered into early-stage exploratory discussions, under Non-Disclosure Agreements (“NDA”), with two large mining rig manufacturers in China and North America’
So if they’re in discussions with a North American and Chinese rig manufacturers, and they’ve had challenges porting to the Chinese manufactured machine and chip, whose machine and chip do you think they’re using for live testing?
As for your comment on the firmware this makes no sense. The very reason QBT have designed the SaaS solution on servers is to protect their IP so that they didn’t have to deploy any firmware onto physical machines.
You are simply trying to peddle uncertainty which goes against the public information available. Why would you do that for your own investment?
Silversprings- " You are simply trying to peddle uncertainty which goes against the public information available. Why would you do that for your own investment?"
They are not invested. SImply traders, shorters and paid trolls
'whose machine and chip do you think they’re using for live testing?'
I believe they are not using a commercial rig, they are likely using an in-house device
'As for your comment on the firmware this makes no sense. The very reason QBT have designed the SaaS solution on servers is to protect their IP so that they didn’t have to deploy any firmware onto physical machines.'
If you watched the X video from 15/01/2024 FG explains how their software is rolled out. It replaces the firmware with the QBT bespoke firmware.
Auradine are partly owned by Marathon, they are one of the very few new manufacturer's out there in the US but frankly Mara and Auradine will simply buy QBT for cheap if indeed QBT have anything worthwhile, so it is certainly possible QBT are genuinely working with someone in the US.
My problem is we have had years of promises and no product, years of rampers coming on the telegram groups I frequent ramping just before a raise. I do not trust this company, they need to show me what they have and get serious partners. Everything is so vague and so much money has been raised by this company and yet we have nothing other than words.
Well I am smugly saying I told you so.
Was told last week how I'd regret selling at 1.138 lol
QBT might have to wait for the next Crypto bubble at this rate.
Brew - that’s not exactly what was said in the video. The QBT software is uploaded to comply with client’s firmware.
Either way - it is better to wait for the next update from the company rather than wildly speculate in a negative manner about something you don’t have all the facts for
Either way - it is better to wait for the next update from the company rather than wildly speculate in a negative manner about something you don’t have all the facts for
They do that all day long .
Silversprings, the troll gang are busy trying to manipulate share holders into selling so they can buy in again, same tactic different day, some even forget which ID they are logged in under as we have seen by the posting styles and things said.
" Silversprings, the troll gang are busy trying to manipulate share holders"
Not a chance in h£ll
The weak ones will part with their shares. The LTH's are going nowhere. In fact i know some that are topping up
Suthy, I'm one of them who are buying all the time... I don't care about those TROLLS here...
Obelix- nice!. I have topped up too. I don't have as much as you, much i am slowly getting there lol. With these very low prices i will look to add again,