focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
'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.
'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.
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.
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.
Maybe they should have led with it’s not affected rather than that rubbish posted an hour before. Keep scrapping little fishes
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.
Zenmaster, another new account setup to troll with, you provided that spurious link right before Brewlala did.
Might be worth checking who is posting what in the boiler room, so bloody obvious.
Seems sensible to say May instead of will, there is a chance someone will find a work around.
The bottom line is Bitmain are unhappy with others flashing their own firmware onto their hardware. Clearly Bitmain want to stop it or generate revenue from licensing the right to do it.
Naturally miners with 100000 miners won't flash their hardware in a hurry without extensive performance testing and this is why Mara and cleanspark are unaffected.
However it is likely brand new machines will have this stock firmware and it's those machines QBT's software will need to work with rather than this current generation of machines, why? Because QBT have nothing working yet and when they do it will need installing on machines that may well be firmware locked.
So funny watching rampers squirm.
Exactly it says ‘May’ block not will. Marathon updated their status an hour after your this post saying they won’t be affected. More scrapings. Another day of laughter for me 😂
My apologies, searching twitter through the posted name 'marathon digitals' brought nothing.
Reading the article you have mow linked also shows that they 'May' block it. So it is still a spurious post, as they are not 'Blocking' as the post title suggests.
Brew- https://twitter.com/MarathonDH/status/1779986845063086479?t=jNaaylr0N4X3zRQwuLiOWQ&s=19
Presumably the Mara fleet is not affected as they have not enabled the last Bitmain firmware update
@williwonti
Bitmain have the biggest market share and any move away would be very expensive for miners and take a long time considering the lead time to order new rigs from them. It would also lead to a further fragmentation of the market and QBT have already stated that each chip type needs to be worked on individually.
Even if this issue turns out to be nothing and can be fixed with a patch it shows how simple it would be to stop the usgae of third party software on commercial rigs.
Seems to be a genuine update
https://www.mara.com/
https://twitter.com/MarathonDH
"Marathon Digital Holdings (NASDAQ: MARA)
@MarathonDH
10h Attention MARAFW Users
Please note that Bitmain's latest stock firmware update may block usage of third-party ASIC firmwares, including MARAFW, from March 2024 onwards.
We are working on it and will provide updates accordingly. Thank you!"
Https://twitter.com/BraiinsMining/status/1779946579274670438?t=PdjJ00Pr30VmTQWhAzl5BA&s=19
Mikey
https://twitter.com/MarathonDH/status/1779968182482284937?t=ehAr0aCdDqhyQqhCybKpLw&s=19
There is no such twitter account named 'marathon digitals' as mentioned below. This is another spurious post trying to spread incorrect information.
Please note that Bitmain's latest stock firmware update may block usage of third-party ASIC firmwares, including MARAFW, from March 2024 onwards.
This was posted on marathon digitals twitter feed tonight.
@WilliwontI @notready1
Agree, Every Rig Manufacturer will need to use the QBT designed chips or be put out of business, from my understanding and digging, Bitmain haven't played ball.
Who are the chip manufacturers QBT are talking to?
All miners will be looking for the most efficient setups for their fleet.
This Paragraph from the R&D Update struck a cord
“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, before we can move to the commercial stage As announced on 20 October 2023, we can confirm that Method A and B have been redesigned to be technically available as a SaaS client-server cloud application.”
GLA, it looks to be falling into place.
Double the efforts gang, we need those shares quick smart
I can see why the rampers have been so desperate lately now trying to get the SP up to get out before this information became public, probably saw this coming.
What chips?
QBT's chips will be worth £billions.......Bitmain will have to buy them or quit the mining ASIC market.........
An alternative view:
If Bitmain are to block 3rd party software, any current or future 3rd party improvements to bitcoin mining/SHA etc. that could be used on other rigs couldn't be used on Bitmain rigs leaving them at a potential huge disadvantage. Would you invest millions in a rig that could be left behind??
The 3 desperados ! 🤣🤣🤣
They’re hilarious 🤣🤣🫣
Look at the desperate trolls posting tonight, they know being out when news is due is a dangerous game, all there for everyone to see how desperate they are 🤩