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Not sure to be honest Golf
News will reveal all.
Likely decisions will be made.
Reading between the lines, prioritisation means concentration on one piece before another. Not abandoning is how most read it.
Green chips before mining. Good questions though. Likely test first and if its a success. Mining can commence quietly, why not?. .Good debate this Saturday.
In your guys opinion Asic/fpga chips are said to be 7% efficient in bitcoin mining does this mean QBT have tested the chips and if so does that mean they are mining bitcoin in the background slowly.
DS FLAT,
That is interesting, was not aware of that. Thanks
10 months ago, I recognised:
FG postponed mining, changed it’s strategy, prioritised intelligently, astute decision at the time. some scoffed, QBT raced ahead and “priortised RnD” with crypto expert. In hindsight was a very smart move market, a disruptive move and now on track to have a market disruptive “greener ASIC/ FPGA chips” to commence mining after testing. To survive in this sector: you had to be green to be accepted: “priortise saving energy resources” is a no1 priority, globally, and QBT CEO knew this. ARB missed a massive market £££ growth opportunity it seems.
The ARB valuation had crashed and has remained where it is, else it would be £2.00+ With RnD greener chips program.
ARB does not have QBT’s technical skillset, nor the know how. It is extremely difficult this program unless you fully understand Quantum/ optimisations .
QBT: greener ASICS/ FPGA chips ADD Green/faster BTC mining = MASSIVE GROWTH.
QBT will takeover ARB eventually, I don’t mean Buy-out. Smart money will end up here.
Watch this space.
Fig.
I'm not interested in a crummy $8m, we should be making $100m at least a year
Argo invested in ePIC some time ago on the understanding that ePIC could work on mining innovations and optimizations and that Argo would get first refusal on any rigs.
I think Argo invested $8M Canadian dollars but later released news that that deal had changed. I'm not sure that anyone knows what Argo and ePIC have deal wise at this time.
It has been suggested to me by someone within the industry that perhaps the three working together could be a good fit.
As I see it the ASIC UltraBoost patent is filed and the information is out there, those keeping an eye on innovation in the mining space may see an opportunity and seek to either help, join or buy QBT and their ip.
ip that QBT are working on could be extremely valuable.
DSFLAT,
THOUGHTS..?
Great response:
If ARGO was working on an RnD program or owned this portfolio of work, with a myriad of expected patents including UK/ International ASIC “ultraboost” Chips patent 20% faster, 20% power saving for BTC mining - the valuation of ARB would go through the roof, double (or triple even) from current close. At least double.
It’d be sitting nearer to £2.50 and rising on BTC everyweek.
Unfortunately, for ARB investors and it’s CEO, another UK CEO and it’s company invested into aggressive ASIC/ FPGA optimisation RnD Project in 2020/21 ? having realised “BTC green-mining” was the future and BTC Chip-optimisation of 256H-algo’s on ASIC’s was only possible if you had a skilled team of technical quantum genius’s on board working as a specialised team:
QBt case:A highly skilled group of PHD graduates in Quant computing, AI, Algorithm-optimisation, deep-learning, big-data with highly skilled Physicists add to that an “International proven crypto-expert” specialisation in BTC optimisation, led by a CEO with a Quantum PHD. The white papers which you posted and thesis was written a while back and ARB missed a huge opportunity, went ahead with BTC, BTC price crashed and global regulators came in demanding “greener mining”.
The opportuniity was there...(for ARB)
Jack, Jack, Jack where are you Jack ? (sorry but i've been hounding Twitter Jack and it always reminds of that ship/iceberg film)
The past few weeks i've been dangling QBT's ASIC UltraBoost and other crypto innovations under the noses of some the the industries leading players like Michael Saylor (MicroStrategy), Jack (Square), Kevin O'leary, The Bitcoin Mining Council members and BTC visionaries like Pomp and Willy Woo.
Only the one reply so far from an Argo Blockchain high ranking operative but I'm hopeful that my efforts have perhaps encouraged some of the big fish to take a closer look, perhaps even take a bite...
Here's hoping and here's a link to Jacks recent tweets about Square setting up a team led by Jesse to bring new innovation to BTC mining, chip manufacture and cloud mining tech:
https://twitter.com/jack/status/1449110251882549253?s=20
You should find my tweets (DSFAT) about QBT scattered throughout Jacks and Jesse's thread
Come on Jack or MS, Kevin or anyone with a bucket load of cash to invest :-)
Come on Jack (no sounds like a scene from Titanic Movie jokes pls :-)
Shared the ASIC UltraBoost and other optimizations QBT are working on with Jack and Jesse (Square $122B MCAP)
The stuff QBT are working on sounds like a near perfect fit for Squares BTC mining plans...
https://news.bitcoin.com/jack-dorsey-says-square-is-considering-building-bitcoin-mining-system-based-on-custom-silicon/
Come on Jack ;-)
ASIC UltraBoost patent already filed...
The Company has also started to implement the first set of optimisations on FPGA, expecting early
completed versions of the FPGA to be ready by the end of October 2021, while the optimisations
covered by the above-mentioned patent are due by December 2021. ASIC development work is
expected to start in parallel in October 2021.
Based on the performance achieved by the FPGA chip, it may be decided to use it as the Company’s
first mining engine.
QBT’s Quantum Computing team has now started working on the D-wave Quantum computer,
programming the quantum processor, whilst the Company completed the design of the new IT
infrastructure. This new infrastructure includes a 128 core Machine Learning workstation and an initial
one Petabyte memory expandable unit, in order to host the proprietary enriched Bitcoin mining “BTC
Large Big Data”.
When I think of my investment in QBT I am reminded of something a good friend said some years ago (former FD of Ladbrokes)
'It's not about what you've got, it's about what you could have'
Faster chip production and mining!
Won't that be something.....
Bitcoin Mining Council have been vocal recently and they should all know about the ASIC UltraBoost patent filing by now...
'A nearly 7% efficiency in running the Bitcoin mining algorithm can be used to
increase mining speed or save energy. On the massive numbers of iterations
involved in mining, this level of saving represents, either a 7% increase in
the mining probability, or a 7% energy saving at the existing mining
probability. In both cases, for large mining facilities this optimisation
corresponds to significant mining revenues, or saved energy bills, all leading
to increased profit. We are very optimistic on the future results of our R&D
efforts, as this first patent application has shown.
https://www.bloomberg.com/press-releases/2021-09-30/quantum-blockchain-technologies-plc-asic-ultraboost-patent-application
QBT fires up a few ASIC and the MCAP should fly on that news alone when compared to other low hash miners like Digihost (200 PH $120M MCAP) and DMG Blockchain (300 PH $130M MCAP) *other factors apply of course
Time will tell
Wow bitcoin flying again. Expecting 2p this week
https://cointelegraph.com/news/blockchain-brings-the-sharing-economy-to-real-estate-investing
Last Detailed Business Operational news was AUG 21st.
We are still 200% down from 6m high
valuation is poultry £13m
Courtcase within 28days
Mining news coming
Now Go Figure it out...
Evening DSFLAT,
I saw that news pop piece on SQUARE also, you beat me to it , instantly thought these two company’s CEO’s and Crypto Expert should be connect and communicate going forward, same kind of wavelength, crypto for the masses with green CHIPS we must be doing something very spectacular at QBT. This could be an interesting development...
Thanks forwarding to Squares Hardware lead.
Indeed watch this space.
Appreciated:))
I just shared the Bloomberg Ultra Boost article with Jesse Dorogusker on twitter....
'The initiative will be led by Jesse Dorogusker, Square’s hardware lead'
Thank me later if Square get involved here ;-) lol
Interesting news yesterday, TBH I have no idea what to make of it but it is interesting....
Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.
Dorsey believes that further decentralizing the Bitcoin network will be critical for securely settling the transactions “well after the last bitcoin is mined.” Moreover, Square’s system aims to deliver energy-efficient mining solutions by innovation in silicon, software, and integration.
https://cointelegraph.com/news/jack-dorsey-s-square-plans-to-build-an-open-source-bitcoin-mining-system
Thanks Eric,
I get your point of comparision. They are massive.
We will get there too.
This will be a big company, if all the news comes off.
I prefer to buy at these levels, not 50p. Thank you!
Volume Day4 - Low volume
Prediction: Next news will be next end-of-week or before-21st-Oct guestimate.
Qbt history H:4.4p, six months back, investors are aware of this, this was before 5p-10p stock options were announced, before Expert Crytographer was confirmed, before ASIC and FPGA CHIPS strategy was primary goal.
3-5 big pieces of big news we now expect.
Hold and it will pay off.
It has a pay wall. Thank you, Rupert.
Eric,
Can you paste the content here DC. Can’t open it.
Thank you
https://www.ft.com/content/60055163-276c-4b45-80ff-a52a9a46d749
I saw that link on the reddit site few days back. It’s a start:)
Last qbt business/ operational update is on August 18th.
Considering the below, we may get an update on other activities in the workgroups in2 weeks
OCTOBER-DEC21:
* International IP for new ULTRABOOST ASIC” patent filing
*Algo optimisations: radical % speed improvements, faster Hash rates to be revealed
* CEO: “Many more” optimisations patents to be announced.
* Potentially 8 patents: TBC
* ASIC X 4: UK/International - Algo-Sha256+ ETHhash - TBC
* FPGA x 4: UK/International - Algo-Sha256+ ETHHash - TBC
* Is Algorithm-ETHHash: optimisation next mining patent to be revealed? TBD
* QBT Blockchain Validator ? TBD = early revenue building
* QBT to mine own crypto-ccy: BTC+ETH using ULTRABOOST as Blockchain validators
* deployment of proprietary FPGA +ASIC implementations of Bitcoin mining algo” TBC.
*FG: QBT to use “hydro-electric power” at North italy site for mining? Could offset and save electrics further. Achieve “green status” on several fronts. (Source: CEO strategy- RNS Feb)TBC
OCTOBER 21
October - 1st completed versions of FPGA set of optimise chip expected in October? TBC
October - FPGA CHIPS decision to use as Co’s first mining engine ? TBD
October -CEO *short-term planning: *we seek right Partners/ JV announcement? TBD
October - ASIC CHIPS “development” commencement? TBC
October - North Italy site infrastructure deployment completion? TBC
October - DWAVESyst Quantum 2Apps: Leap and Advantage - Cloud progression TBA
October - Deep Learning/ AI progression update - TBA
NOVEMBER 10th 2021
- Judge court hearing of both parties - ref:QBT historic settlement= €7.8m /£6.6m
Interesting to see the patent news on the Reddit Bitcoin Mining forum;
https://www.reddit.com/r/BitcoinMining/comments/q0wcf1/quantum_blockchain_technologies_plc_filed_the/
DSFLAT,
Keep us updated here if any news pops on your desk, in the meantime i will look out for big trades first. Just need one of these to come on board. The last rns on business operations was aug 21st. So next is due.
Mike Novogratz
Pomp
Kevin O'Leary
Michael Saylor
As you say:
If any of the above crypto billionaires take an interest here it would do no harm to the share price :-)
Thanks.