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LoL
Dissapointing to see the forth month of live testing roll by without an update. Even Jambone believes they have had long enough to prove the tech. What exactly are they doing?
The testing statement was made on the 13th march update so only a month and a half not 4 months brew..... Unless you have read this in an earlier RNs?
Depends if you are talking methods A B or C. The silence is becoming deafening which usual leads to news
'The testing statement was made on the 13th march update'
Check out the X video posted in January 2024, filmed in Dec 2023 at the latest. Here he states that lab results were not enough to satisfy the miners and they would need to see live results, 'which is exactly what we are doing now'. So they were getting live results back in Dec 2023.
Even Jambone agreed with this:
Jambone
Posted in: QBT
Posts: 6,718
Price: 1.175
No Opinion
RE: Last update 12 Feb 2024 13:37
This video shows that they are currently working on live mining performance results to show the miners it works as it says.
Here in this video it shows FG and the team are convo on proving up live results as this is what the miners want to see, and so do we!
Https://x.com/qbtofficial256/status/1750428296809193901?s=46
https://youtube.com/shorts/6r06RD6dRRs?si=xaQ7dZkiVAXNkZW_
Depends if you are talking methods A B or C. The silence is becoming deafening which usual leads to news
👍
Calm before the storm Suthy.
Email from 15th April
Dear Jonathan,
thank you for your email.
Unfortunately, the technical complexity of the matter, described in hundreds of pages of QBT internal reports and huge data files, cannot be simplified in a simple answer of a few lines.
I am sorry.
Kind regards,
Francesco
So they have lots of data, it just seems like a matter of compiling it all, unfortunately he would not tell me over an email 🤣
Not disappointing at all brew. I do believe that you understand to a certain degree what they are doing, but they have to get it right, they have one chance, otherwise their reputation is shot. 2, 3 months longer it makes no odds to me.
That’s why they are doing it with due diligence it has to be right.
It’s coming we all know it.
Here comes the negative post from Hex. He’s on filter so good luck.
Garwool -“It’s coming we all know it. ”
👍
@chipofftheblock
A bit of context on the question you asked would be useful in understanding the email you got?
Trolls don't waste your time. It is not even easy to trade this now, so just move on.
'That’s why they are doing it with due diligence it has to be right'
Agree with this although the live testing is off the back of intensive, 12+ months of lab testing, which included elements of live testing on pools and solo miners. The animation released on Method A showed a 12 day test cycle. FG claims that they showed the lab data to miners who were amazed.
Taking all of the above, 4 months of live testing seems excessive to me. If you are familiar with the SDLC you would know they are at the equivelant of the pre prod stage. This is all about just confirming it all works as expected. You would never expect to encounter show stoppers at this stage. Which is why I believe they have encountered issues running this live that they did not see in lab testing. Otherwise, why so long.
‘Which is why I believe’ brew. What credible comparison do you have to form this opinion that you are seemingly happy to espouse 24/7???
Good afternoon,
In the recent update this statement was made:
In addition to the above, the development of Method B, as an extension to CGminer, a standard operating system used by almost all commercial mining rigs, has been particularly complex, given the intricacies of more than 50,000 lines of open-source C-code developed by the CGminer community. 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.
Are you allowed to expand on this at all please?
'What credible comparison do you have to form this opinion'
I gave all my reasoning in my post. Which bit did you not understand and I will try and dumb it down a bit for you?
" Which is why I believe’ brew. What credible comparison do you have to form this opinion that you are seemingly happy to espouse 24/7???"
None as usual , he is just reaching . I am not sure why he bothers
'Unfortunately, the technical complexity of the matter, described in hundreds of pages of QBT internal reports and huge data files, cannot be simplified in a simple answer of a few lines'
That smacks of a cop out based on the question you asked. What are they hiding.
I agree this could be answered in a few lines but not to me personally for that you will have to await an RNS that says "we have been running tests and acquired X blocks" or "since the efficiency has been proven during testing X miner has signed a contract to use our algorithms"
Investors here in my opinion don't wish to see further test results, they would like to see some revenue and signatures on dotted lines, but we have also seen in the past from a single twitter post how quickly this can move should their be a sniff of anything about to happen, I can also ensure you and anyone else sitting on the sidelines that should an RNS land that contains either of the above long term holders will not be letting go of their shares for free they will be holding on to them for 5p - 10p which is where this will go upon any announcement of success 👍
Good post Chip
'I agree this could be answered in a few lines but not to me personally'
Makes you wonder why you asked the question via email then.
I am a VERY big long term investor. I agree whole heartedly with the comments below. When the RNS that we await drops, this will be proven a good investment.
I agree this could be answered in a few lines but not to me personally for that you will have to await an RNS that says "we have been running tests and acquired X blocks" or "since the efficiency has been proven during testing X miner has signed a contract to use our algorithms"
Investors here in my opinion don't wish to see further test results, they would like to see some revenue and signatures on dotted lines, but we have also seen in the past from a single twitter post how quickly this can move should their be a sniff of anything about to happen, I can also ensure you and anyone else sitting on the sidelines that should an RNS land that contains either of the above long term holders will not be letting go of their shares for free they will be holding on to them for 5p - 10p which is where this will go upon any announcement of success 👍
“ I am a VERY big long term investor. I agree whole heartedly with the comments below. When the RNS
that we await drops, this will be proven a good investment. “
Could not have phrased it better 👍👍👍
I am also pleased to see that the members of this board have shown much better behaviour over the last 24 hrs.