Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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I'm going to call a closing SP of 3.2p š
I often chime in reminding folks here that no amount of chit chat on a message board has any impact on prices.
That said.
Pump to Ā£1 today!
Go!
Go now! Pump it!
Morning all. Hope everyone is well.
I posted a message on this board by mistake the other day.
When I realised my error I promptly apologised. When I looked in later I noticed I got tickups for both posts.
Conclusion: if bots are being used then arenāt very bright.
Although Iāve sold up I wish everyone holding good luck and hope it pays off for you and if my mdai comes good I will put some back in here. If I havenāt missed the boat.
Donāt panic surely we want BTC price low then mining is less viable so partners need our products if they can get them to work? Confused as to how BTC price has on our price long term as it hasnāt so far except intra day spikes. Even the rampers say we should be at 5p when the price is high so I donāt see the correlation. I would rather a porting update and evidence the tech works then BTC hit $100k.
BTC broke 59000 looking very strong now, little news here and this will fly
Some buys are showing as sells, Halifax giving me buy at 1.012
BTC moving to break 59000, letās see if this breaks 1.05 once this starts moving it will move quick, so far been good for trading
Obelix - Nice !
Another busy day in the Office, but found time to add more
BTC looks like going to move up just over 58000 now
Well they are determined with the porting so it would highly suggest all is well with the live testing as why port if thatās no working as expected.
I saw the sarcasm in it, I just threw that one into the mix, I canāt re-read your post because somebody is decimated the board with removals today.
Strange that Aim when bitcoin was flying, you keep saying itās nothing to do with QBT, when is drop 20% in a month you canāt help, but advertise the fact, hot and cold are you hot and cold?
You know it will come back, just praise the people that shorted BTC, nice
Wonder if, 7 weeks later, FG knows for sure if reverse engineering is sorted or does he still just believe it?
As for lawyers exchanging terms, do you believe they have signed deals with miners taking into account they have no commercial product, couldn't put a time frame on when they will have one and stated clearly in the PRN that they were not negotiating with anyone yet?
I don't. To my mind it was clear he was referring to the Sep 2023 NDAs
You feeling ok love?
Thanks Brew, I went to type 2 months ago, but itās not there yet so changed it.
But yes 7 weeks ago since we were told lawyers were passing documents and terms, 7 weeks ago since FG said he believed revers engineering was sorted so in this Time you would think Porting was starting
'FG said next news would be method B works and that was 2 weeks ago'
It was actually 7 weeks ago and FG has still not confirmed that Method B works. Wonder why not.
QBT began around 3 years ago, there are 3 approaches the company has set out.
1. Short -To produce the fastest BTC mining software available. This was originally set out to work on the new up and coming Intel Blockscale chips, but Intel changed direction and withdrew their chips before QBT had released results, this set QBT back as it had to then rewrite the software to run in the Chinese rigs, also where as Intel helped QBT and told them where to install on chips the Chinese manufacturers would not help so QBT spent 6-9months reverse engineering these chips to know how to alter to port onto these machines, we have been told via interview 2 weeks ago they believe the reverse engineering is sorted so posting is the task in hand now. Software is completed for this as per the September update. What of the Intel chips, Jack Dorsey bought the inventory and is making his own miners due to be released early this year, are we involved as 160% increase and the fact QBT knows exactly where to instal, NDAāS in place, we donāt know who with so make your own minds up on that oneā¦.
IP protection, we have put in for a patent which is currently in no manās land due wether itās a software patentable, the solution has been to go SaaS which allows the miners to talk to QBT servers which in turn keeps the IP safe. This has taken time also
So far the company has developed 2 products for this, method A) 10% improvement in probability of mining a BTC block
Method B) 160% 2.6x improvement in probability of mining a BTC block. This has been described as on a standard miner you mine 5BTC blocks, same machine with QBT software you mine 13BTC blocks, this is a huge 160% improvement. Nobody thought this would be possible and QBT are currently **performing intensive live mining tests 24/7 using ASIC-based Bitcoin mining devices connected to two large mining pools.**
**All of the large North American and Chinese Bitcoin mining and chip manufacturing companies with whom QBT has engaged, are waiting for the results of our live tests, in particular with Method A and B, using currently available commercial mining rigs.**
FG said next news would be method B works and that was 2 weeks ago but all miners/chip manufacturers are looking for these results to proceed forwards.
2. To produce chips. This is what method C is about, how far are we going into this? Well it looks like QBT have found a pre calculation which can save upto 30% of the time used to search for the next block, a prototype chip is going to be produced at around a cost of Ā£200k, 10% of Ā£2m he said, proof it works to chip manufacturers will have them all needing the chip to remain competitive in the miner manufacturing market. That will be huge imho
3. Quantum computing, we already have the software/product for this FG has said, well respected Dr lov Grover helped with this. We will keep the golden goose
And?
Continuing Crypto Global Adoption (yes its a globe šš) .....
- Hong Kong BTC & ETH spot ETFs began trading April 30 (Accumulation phase right now IMO !)
- Brazilian Nubank app now allows BTC transactions for customers
- BTC ETF products saw net outflows of $328 million last week
- Global asset mgmt leader Franklin Templeton activates peer-to-peer transfers for on-chain US GMF
- Morgan Stanley may allow brokers to suggest Bitcoin ETFs
.... yet Fleccy ... you repeat these things over and over and over again ... which is what makes me think you are , perhaps, disengenuous with your posting reasons... i simply would not waste my time per[etually posting negativity on something i just dont believe in ... why would I or anyone waste their time ??
... i guess its a bit like hating Chelsea , yet buying a season ticket , just to go shout abuse at the team game in game out ... and even going to most away games to do the same ! š¤£
... this board is made up of bulls and bears , for want of a simplified description taht relates to markets .... you must surely know by now that the bulls (LTH's) are not going to change their mind regards their investment and are here for the duration.... and that the bears , for various reasons , will endeavour to push the price down further for shorting purpose or a lower buy in price ...
... yet it seems to me that the bears seem to ridicule LTH's for holding ... and thats why the bulls ask why are you here of the bears , after all , we know why the biulls are here (they believe in the LTi case) .... but we cant quite undertsand why the bears are here if , as they say there are not interested or likely to invest in the share , one way or t'other ...... theres never an understandable explanation as to why they're here ... never ever !?
I don't wish for anyone to lose money Pas, In fact my posts are worded in a way to encourage caution.
As far as my investments are concerned, I'm showing a significant paper loss on my BT and Vodafone investments, but I'm seeing a good paper profit on my Lloyds shares. All three of them pay good dividends giving me a choice to take the cash, or reinvest while I consider my chosen stocks to be cheap.
There are a few things that worry me about QBT.
First it's the history of the company, being formed from the ashes of Clear Leisure and going from a company investing in theme parks to a technology company. Choosing a name like Quantum Blockchain Technology was obviously aimed at tapping into the hype permeating throughout the tech focused investment community, they missed out on slotting AI into the name.
What QBT are trying to achieve is like a holy Grail to the Bitcoin miners; But with the many Billions of investment poured into Bitcoin mining, you'd think the miners themselves would have found quicker methods if it's possible, rather than pooling thousands of ASIC's and focusing on brute force Hashing power.
Even if QBT have found something, they'll probably need scale to make it work and there's no guarantee the large miners will want to incorporate it into their operations.
QBT's updates don't inspire confidence, with the last one suggesting there are issues commercialising the products and they can't give a timeline when the issues will be resolved:
"All of the Companyās current efforts are now focused on turning Methods A, B and C, into commercial products. This has proved a very time consuming, due to the tremendous reverse engineering efforts involved in using totally undocumented third-party ASIC chips."
https://www.lse.co.uk/rns/QBT/rd-update-wkfr1diw051iepo.html
All these contribute to my opinion that QBT have a less that 10% chance of commercialising their products, if I'm wrong I'll happily eat humble pie.
'....Any investment is subjective, done for different reasons and can turn out to be successful or not....'
... at least on that note Hex ... we can agree !š
... as for 'feeling sorry for me' .... please dont , i simply wouldnt sleep at night if you were doing so ..... reserve such thoughts for those in Gaza or other war torn parts of this globe ... or those with no roof over their heads ... or food for their day !
We will see the biggest gain in Alternative Investment Market with QBT this year.
The Q2 will be the kick off , then the biggest rise here will follow.
If you believe it's ok.
If NOT, it's your decision and the TROLL Team to convince you.
No more to say, good luck to all.
āI just hope that IF QBT comes off .... you and a few others will be prepared to eat the proverbial humble pieā.
I certainly will. And to be clear I am not and would not ridicule anybody for simply being invested in a stock, let alone QBT where Iām invested myself. Any investment is subjective, done for different reasons and can turn out to be successful or not.
Itās the ludricous comments that some make about that choice which I struggle with. However, taking all your comments, particularly today, I think I understand more now why you say some of the things you do and believe you are not deliberately trying to mislead. Instead I just feel sorry for you now and guilty for giving you a rough time so Iāll leave it at that.