Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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You keep missing this bit out when you quote the PRN Jambone:
'Transferring the Company’s documented laboratory test results, in particular Method B, to use in conjunction to a commercial ASIC chip, has proven to be challenging and further work is currently ongoing'
Bit of a word salad but I suspect this is the lab data they have being used to support the ML aspect of the Methods and it does not correspond to what is actually happening in the real world.
Quoting the fact that QBT are live testing OK as far as it goes but we don't know the type of rigs, amount of rigs, SaaS or no SaaS etc. Miners and rig manufacturers will want to see live data created in exactly the same way they will be expecting to use the Methods. Cannot see any reason why QBT would not tell us what the testing setup is and the fact that they gave us no info on that tells me that they are hiding something.
Before you reply with your usual 'they will be testing in a way that has been agreed with the miners', nowhere in the PRN does it state this. QBT has not updated us with the SaaS status which was meant to be setup with the 30/10/2023 raise which again suggests to me it is not set up yet.
Fleccy, why do you keep missing out the part where they are testing in the real world now? Of corse R&D starts in a lab, the fact you fail to post the whole truth and where QBT are shows you are here to mislead. Again another person who owns zero QBT shares is putting there posts up which carry zero weight!
I post again extracts from the PRN 2 weeks ago and interview to show you are misleading Fleccy!
The key issues have been addressed and the Company is 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…..
The next news said with confidence will be that Method B works as per FGs words at the end of the media interview. I have attached to prove up my post.
https://youtu.be/C3vmEmcBjOs?si=GGjLQqqK7I-KyWEG
"Fleecy said BTC was going below $10k , .
I stand by my prediction of between 50p - £1. Qbt has delivered it’s probably through R&D, now into live testing ."
Sooty the thing with Bitcoin is that its free floating without any real world anchor, it isn't tied to any commodity that serves any purpose within society. The driving forces behind Bitcoin's price is FOMO and hype, so the price could go anywhere over time. If people like Michael Saylor, Cathie Wood and other Whales keep selling/buying between each other, then there's no limit to how high it go; For the same reason there's no limit to how low the Bitcoin price can drop, when FOMO and hype runs out and the herd turns toward taking profits. The reason the vested interests pushed for US ETP's to be approved, was so that they could pull in cash via the backdoor from investors who wouldn't dream of going near speculative assets like Crypto, but they wouldn't necessarily know where their cash is invested if they're in a fund that takes a position in one of the new ETP's.
If you read QBT's releases slowly, taking in the detail, the probability improvements they talk about are based on lab testing and not on real world mining. Because of the super high brute force number crunching hashing power and difficulty level of the current BTC network, in my opinion anything QBT do in the lab would be irrelevant in real world live mining; Think of lab testing as a one legged man riding a tricycle, and the live BTC network miners as Formula1's racing along a perpetual straight, the only way the one legged man can keep up is if the tricycle is upgraded to a Formula1 racing car.
That should read delivered it’s ground breakihh products through R& D
Fleecy said BTC was going below $10k , .
I stand by my prediction of between 50p - £1. Qbt has delivered it’s probably through R&D, now into live testing . Qbt for me is the most exciting share on AIM, simply because they are close to disrupting a $1.2trillion crypto industry. Unless someone knows who else is doing it. ?
You still haven't figured out I was taking the mickey out of you and Suthy have you?
Lols.
Aimhigherstill, the reason you try to knock the share is here
All about your buy in price on news.
AimHigherStill
Posted in: QBT
Posts: 5,359
Price: 1.25
No Opinion
RE: What happens…19 Feb 2024 08:41
Blue certainly not new to this game, and yes Qbt is aim, and we all know what can happen with aim Ceo's.
Jambone, I would invest here if the tech works 'and' they get a good deal, however at the moment we don't even know if the tech works.
Also 20k and 4p to 20p is 100k. Doesn't matter what the share price is right now, only thing that matters is the tech and the deal.
AimHigherStill
Posted in: QBT
Posts: 5,359
Price: 1.225
No Opinion
RE: What happens…19 Feb 2024 08:22
Blue, the rampers on here tell me the share price Will go to 20p. So I'll be happy to buy at 4p and make 5 bags risk free? Surely.......
It's that easy, isn't it?
How can it being tested when porting remains very challenging and they are still trying to work it out in their lab
Fleccy
Point 1
Where did I say QBT can’t release results? What do you think that QBT are possibly carrying out live mining on at the moment which they have been for a few months now going off previous x interview, we don’t know the exact date testing started so could be longer could be shorter.
The other issue is miners wanted the source code so they have had to adapt to run on SaaS. We are told that the testing going on at the moment is via ASIC based bitcoin mining devices so….is this the news JD machines? Who knows as that information is not available.
I think QBT were expecting Intel to take over and become the new kid on the block, so you think large American BTC miners would by Intel or Chinese rigs? Also the Intel would have had the QBT software available straight away as Intel told QBT where on the chip to instal. FG words, would have been a different story if Intel hadn’t have pulled out of the BTC chip market, this was before the final results were released, so at the time why would QBT need to even entertain the Chinese market?
The JD market is speculative, I have never said it’s going to happen, all I have said is it makes you wonder because we have the software ready to go, what ASIC devices are being tested on the large Mining pools at the moments? If JD does launch his miners then they will have to complete with the QBT software on Chinese miners which we are awaiting news to be ported on.
As far as you can tell the data is on lab results, but again funnily enough you don’t mention about the live testing going on at the moment, I have posted these parts form the RNS many times yet you haven’t read this part…..
The key issues have been addressed and the Company is 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…..
So there is your proof coming, it’s being tested now!
Jambone, like all good fiction you've taken something that's true and embellished it to give it your own spin. For example it's true that Intel discontinued the Blockscale ASIC, but to suggest QBT couldn't have released results for testing using the chip is purely speculative. If QBT could have produced real world live test results, based on mining using Blockscale, then they would have already done so.
Why would OBT have focused their product based purely on Blockscale, when Bitmain have dominated the market before and after Intel marketed Blockscale? And couldn't QBT use existing Blockscale based mining rigs, to prove their Method's work at current Network hashrate and difficulty, while developing their software to work on Bitmain based mining rigs?
Your Jack Dorsey claim is speculative, and is based purely on speculation by people with a vested interest in pumping QBT; You should produce hard evidence to back up your speculative claims, because the NDA excuses are wearing thin; Also I don't see why NDA's would stop miners and QBT at least officially declaring an association, but even that appears to be cloaked in secrecy for some unknown reason.
As far as I can tell, from what I've read, all QBT's claims are based on lab results using test data with no real world results currently available; I'll happily admit to being wrong, if you can show me any proof to the contrary from sources other than QBT, like any miners admitting to using QBT's software and getting results in line with the claims.
The best thing for this board would be for you just to shut up. Daily embarrassments.
Wait for an official announcement, not another interview like the rest of his interviews that have all been a load of carrot dangling nonsense. The official checked Prn's are what you need to go on.
So in that case fleecy, why don’t you point out which parts are wrong and correct me with information from an RNS or media interview, not your opinion but actual hard evidence of what I have posted is wrong. 🍿
AIM/Bobcat, the boiler room you guys are in is shining through, those little Tickity tick ups show a multiple ID is at work, of corse I may just have it wrong but, some posts, 18 ticks up, so there are 18 people looking in on a bank holiday waiting to tick the troll gangs posts up, 18 people who want to knock their investment, 18 people sat on the sides who need to attack LTH here, I know you guys need to undermine anyone who speaks up or posts information about the company, what it shows is you think this has massive potential like we all know, just need that update released and 🚀.
Jambone, I'm surprised you didn't mention QBT's secret lab at Hogwarts where Horace Slughorn, aided by Filius Flitwick, is working on Method D; It wouldn't be any less speculative, and fictionalised, than some of the content in your 10:03 post
Bobcat, it's all just a bit stupid this.
FG hasn't delivered on pretty much everything he's said, jumping from one thing to the next to keep investors happy, he's a terrible Ceo, how anyone can call him the best Ceo on Aim is beyond stupidity. He's has a lot of previous failings when you dig into him properly wasting share holders money. Just a little scientist thinking he can 'disrupt' the crypto sector, Well Mara have already put that to bed.
Well thought it was time to put some history up to counter the…..
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, NDA’S in place, we don’t know who with so make your own minds up on that one….
IP protection, we have put in for a patent which is currently in no man’s land due wether it’s 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 £200k, 10% of £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.
Bobcat/AIM I posted the 1st post and it explains about delays and how the company has had to navigate itself,
Next news FG has said is the Method B works, it will be results of the intensive live mining they are currently doing 24/7, it’s the news that the miners and Chip manufacturers want. It’s why you are trying to bury it as it doesn’t help the out of place/dry powder gang.
If you thought nothing was going to happen then you wouldn’t be here 24/7 posting your negative views! I think we have all put out big boy pants on and can see straight through you, also both ID have admitted to trading, wanting to buy on news, want better way than to try to put everyone else of with your ‘opinion’ which is not inline with what the company says, I mean you guys sat behind a keyboard know best right? 🤩
Shame lots fell for your 2 years of deals tomorrow Jam. Reputation in tatters.
I can clearly see what’s happening.
It’s called you wanting to deflect people away from here so they sell, don’t buy, so you can load back up on the cheap.
It’s why you are here 24/7 with the negative posts, you post nowhere else but here and it’s clear you need people to sell as you are out of position.
We have been here many times before, hence you attack me because o call your posts out for what they are!
You know the next news is as FG says and it the rerating news so this time you are pulling all the stops out with team BC.
We all see through you so you really are wasting your time trolling, nobody is falling for it.
Aimhigherstill, you own no shares here but want to buy in on news as low as possible as you have previously admitted to so you posts hold no weight whatsoever!
The next news is method B works on a live BTC network with figures to boot as ist what the miners want to see.
It’s at the end of this video which I’m forced to provide the link again to, to prove up my post
https://youtu.be/C3vmEmcBjOs?si=GGjLQqqK7I-KyWEG
Now why not be quiet until news!
Jam, If the next news was that, people would be piling in, you don't know that at all, another reported misleading post, the next news could be another raise for all we know. Now stop it.
Jambone broadly tells it how it is. But with bobcat1 he’s spot on.
No Bobcat, that’s the picture you need and want to portray, you forget us long term holders know how you work, all about your next trade.
Next news is method B works on live BTC network and results of the intensive mining 24/7.
Say why don’t you give it a rest, we ALL know how you work.
Well thought it was time to put some history up as it seems to be being forgotten.
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, NDA’S in place, we don’t know who with so make your own minds up on that one….
IP protection, we have put in for a patent which is currently in no man’s land due wether it’s 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 £200k, 10% of £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