The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
If you find his linked in profile you will see he was involved in asic boost.
Important to understand one of the reasons for the recent price increase;
'The ASIC UltraBoost can be described as an improvement of the Bitcoin mining
process (building on all other existing optimisations in the market, including
ASIC Boost) eliminating redundant computation of a key part the Bitcoin mining
algorithm, resulting in a faster and more efficient mining process.'
The mention of AsicBoost is important and how QBT's ASIC UltraBoost optimizes on top of the AsicBoost patent tech. Google AsicBoost and Timo Hanke. QBT's cryptographic expert has sought anonymity which could mean they were directly involved in the AsicBoost tech... ???
'A nearly 7% efficiency in running the Bitcoin mining algorithm can be used to
increase mining speed or save energy.'
Needs no further explanation....
https://www.bloomberg.com/press-releases/2021-09-30/quantum-blockchain-technologies-plc-asic-ultraboost-patent-application
Lots of Cane Toads will try to scare you out of your shares and yesterday we even saw a Monkey lol
Important to understand one of the reasons for the recent price increase;
'The ASIC UltraBoost can be described as an improvement of the Bitcoin mining
process (building on all other existing optimisations in the market, including
ASIC Boost) eliminating redundant computation of a key part the Bitcoin mining
algorithm, resulting in a faster and more efficient mining process.'
The mention of AsicBoost is important and how QBT's ASIC UltraBoost optimizes on top of the AsicBoost patent tech. Google AsicBoost and Timo Hanke. QBT's cryptographic expert has sought anonymity which could mean they were directly involved in the AsicBoost tech... ???
'A nearly 7% efficiency in running the Bitcoin mining algorithm can be used to
increase mining speed or save energy.'
Needs no further explanation....
https://www.bloomberg.com/press-releases/2021-09-30/quantum-blockchain-technologies-plc-asic-ultraboost-patent-application
Lots of Toads will try to scare you out of your shares and today we have even see a Monkey lol
I'm still hoping that Michael Saylor's MicroStrategy are buying..
The idea of MS talking to his broker saying 'Buy it, Buy it all' (like the Mark Baum character in The Big Short)
I know it's a long shot but those Bitcoin Billionaires can do stuff like that
Come on Michael or Jack :-)
BTFD
Or perhaps if your in QBT it's;
BTFC
Buy The F..in Chip ;-)
'The ASIC UltraBoost can be described as an improvement of the Bitcoin mining
process (building on all other existing optimisations in the market, including
ASIC Boost) eliminating redundant computation of a key part the Bitcoin mining
algorithm, resulting in a faster and more efficient mining process.'
The mention of AsicBoost is important and how QBT's ASIC UltraBoost optimizes on top of the AsicBoost patent tech. Google AsicBoost and Timo Hanke. QBT's cryptographic expert has sought anonymity which could mean they were directly involved in the AsicBoost tech... ???
'A nearly 7% efficiency in running the Bitcoin mining algorithm can be used to
increase mining speed or save energy.'
Needs no further explanation....
https://www.bloomberg.com/press-releases/2021-09-30/quantum-blockchain-technologies-plc-asic-ultraboost-patent-application
BIG
The ASIC UltraBoost can be described as an improvement of the Bitcoin mining
process (building on all other existing optimisations in the market, including
ASIC Boost) eliminating redundant computation of a key part the Bitcoin mining
algorithm, resulting in a faster and more efficient mining process.
The mention of AsicBoost is important (I previously posted about this)
'A nearly 7% efficiency in running the Bitcoin mining algorithm can be used to
increase mining speed or save energy.'
Needs no further explanation....
https://www.bloomberg.com/press-releases/2021-09-30/quantum-blockchain-technologies-plc-asic-ultraboost-patent-application
BIG
HL offering 2.75 for 100k shares
It's possible... Zero spread now 2.80p / 2.80p
Sharetime43
Can you tell my why Weathergeeks figures are so good when all he has done is take a bitcoin price, multiplied it by the number of coins mined per day, then multiplied it by the number of days in a year and taken 7% of this value. How does this relate to a 7% increase in miming speed or efficiency?
Sharetime43
Can you tell my why Weathergeeks figures are so good when all he has done is take a bitcoin price, multiplied it by the number of coins mined per day, then multiplied it by the number of days in a year and taken 7% of this value. How does this relate to a 7% increase in miming speed or efficiency?
Quantum Blockchain Technologies Plc (QBT) hit an upwards monthly price breakout.
25 minutes ago
Large trades have they shown up yet?
Likely afterclose?
Close 2.9 - 3.00p is possible
Very few shares about, falling into sticky hands finally.
Tired of the chances looking for a tenner here and there.
I agree did OK with ARB did sell early before its meteoric rise but more than happy with the profit....I can see this taking a little longer but who knows....holding a nice quantity and looking at 20p target initially
Not interested in profit taking here until the sp is in the £'s, if the path here does turn out to be similar to ARB as many suspect could be the case then hopefully I may be able to slice a few here in the not too distant future!
MM's have been posting the large late trades not at the end of the day but at the end of the next trading day...
Maybe they have been large filling orders with shares they don't have ?
Watch out for MM games if they need shares
MM's having to walk this up because theres no stock around and everyone wants to buy
Being offered 2.7 for my million on HL...
QBT is full of life again! Bulls and bears very present. Why the big jump? What's the patent worth?
Worked out on $60,000 BTC.
900 BTC per day are currently mined.
60,000 X 900 = $54,000,000 Per day
365 x $54,000,000 = $19,710,000,000 per anum
A 7% improvement in efficiency of $19.710 Billion = $1,379,700,000 in annual savings to be had.
How much is that worth to QBT should their patent prove successful. What percentage could be gained in revenue to QBT? These are not small numbers. $1.379 Billion in savings to be had per year.
Going forward, work those numbers on $100k, $200k BTC etc etc..
Huge! All speculation right now so expect volatility, take profits on the way up, buy on dips, enjoy the ride.
Thanks to Weathergeek for posting this info ( I thought it appropriate to add it to this thread for future reference )
The ASIC UltraBoost patent filing will undoubtedly have caught the eye of many within the BTC industry.
Some simple digging into the ASIC optimization leads directly to the AsicBoost and there is plenty of reading that can be done with regard to Timo Hanke and AsicBoost.
The anonymity of QBT's Cryptographic expert is something I find interesting and perhaps the identity of the expert lies within the AsicBoost's complex story (they could make a film out of it) which to me would make sense of the anonymity.
Will QBT's UltraBoost patent be enough to gain the interest of the likes of Michael Saylor, Jack, Ebang, Square or even a large Bitcoin miner ? Who knows... imo it will
If QBT's expert is TH (i'm not saying it is btw) then that would add considerable weight to the patent imo
The background buying might suggest that QBT has caught the eye and indeed the investment from one or more of the big players.
What innovations will QBT unveil next ?
GLA
Indeed DS, many feel that the potential here is even greater than ARB hence why there are so many deramp crew members being sent here daily as they were certain they would be able to load up around 1.25 but it wasn’t to be sadly for them! Soon they will be paying 5p +
23/10/2021 7:00pm
NEWSBTC
Tesla CEO Elon Musk says that he will become the world’s first Dogecoin trillionaire. According to a recent prediction by a Morgan Stanley analyst, the SpaceX founder is on his way to becoming the world’s first trillionaire with his relentless amassing of wealth. A Twitter account called UberFacts tweeted this prediction. Amusingly, the Tesla CEO replied to the tweet, stating that he would be a Dogecoin trillionaire. With that reply, he sent the Dogecoin price soaring again. Related Reading | Elon Musk’s “Baby Doge” Tweet Spikes The Dogecoin Price As of today, Musk is already the wealthiest man in the world, ahead of Amazon founder Jeff Bezos, who is in second place. According to the Bloomberg Billionaires Index, he has an estimated net worth of $252 billioN
Going by the number of shares the equivalent to ARB would take QBT to around £1.50 : )
Nice return 5.6p to £3, shot up within 3 months guess investor weren't shouting slow and steady rise then, missed out on ARB and the SP action certainly won't want to miss it on this one. Thanks for all your updates DSFLAT
I bought Argo at 5.6p and it took an age for a lot of investors to see the potential it had which came mostly from holders getting the message out on chat boards and twitter.
Argo went to £3 within a few months of word getting out...
I feel the same excited expectation about where QBT could go :-)