Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Started: Eddie563_1, Today 18:04
Last post: PAS14, Today 20:48
'.....Have they lost faith in the CEO? Company? Methods?....'
... heaven forbid anyone said such over on Boil Eddie .... there'd be uproar ... and theyd soon be put straight . love that share , wanna see it all come off for you me and everyone .... but ohhh boy what an echo chamber the T/g group has become !🤐
Has enough time passed with Jambone not posting for Addi to get his payout? Do we all remember that deal?
Where have our friends Jambone and Suthy gone?
Have they lost faith in the CEO? Company? Methods?
What has happened? Normally couldn’t pass half hour without one of them posting on this board. Seems very strange given how bullish they were.
Started: Chipofftheblock, Today 14:47
Last post: Chipofftheblock, Today 16:51
That makes sense brew 👍
'the MDK can be installed within the Bitmain rigs'
The MDK is just using the Bitmain rig chassis. So you take the Bitmain hashboard out with its 114 BM1398 chips and replace it with the hashboard with the 100 Intel chips on it. Block have designed it the same size as the Bitmain hashboard.
So not really a Bitmain rig anymore as it has no Bitmain chips in it. The advantage of doing this is to be able to start working with the MDK without needing to worry about power supply and physical mountings for it.
Brew, yes the methods work with intel but not with Bitmain which is why the porting is holding up your riches, however the MDK can be installed within the Bitmain rigs and allow the methods to work on Bitmain without having to figure out where they should sit on the wafer, that's my interpretation anyway....
Time to sell a kidney Chip. I’ve only got one left🤣
Why would FG have to wait for the MDK when he has already stated 9 months ago there was no issue with using Intel chips with the Methods? It is one thing 'monitoring developments' and another thing to actualy do anything about it.
Started: Chipofftheblock, Today 03:40
Last post: Zesty514, Today 15:43
Only £1?... Lol
Thanks for letting me know Hexam,
So long as he has all the news I shall remain with my 8k shares for when this hits £1next friday🤣🤣🤣
Morning
I thought I would check back in to see if there was any positive. Unfortunately it still appears we are in the same situation as 12/24 months ago. Still invested, still hope this comes good soon even if just for the water park tickets. Funny RBK was mentioned didn’t he once hold nearly 3% of the company as he had to actually check if him and his family had to be declared as significant shareholders.
Have a good weekend everybody
Thanks
Plutuq - Did you not see his post on Tuesday morning where he ended with the postscript (his long winded, self-indulgent posts usually end with one of these): "PS I have been in contact with FG today and I still have QBT as a “Strong Buy”"
So he's still on board and 'in the know' - nudge nudge, wink wink.
Out if interest, has abyone heard from FGs best buddy, RBK? I miss the old sages cryptic comments
If hes abandoned ship it could be telling. FG tells him everyrhing, all cobfidentially obvs🤣🤣🤣🤣
Started: PAS14, Today 13:05
Last post: PAS14, Today 13:05
Bank of America report shows younger affluent individuals favor crypto and alternative investments, differing from older generations’ traditional focus. “In fact, the most ‘conservative’ group is holding the highest average exposure to crypto,” the bank said.
‘Younger Groups Hold More Crypto and More Alternative Investments’
Same to you. this time next year Rodney!
Dunno. I had a kebab last night so not feeling myself either.
A sensible conversation at last. Haha. Good luck pal.
I'm confused Awl. Am I you? certainly not feeling like me today!!!!
As far as I can see there is a nasty nature to both sides and certainly an arrogance of I know best in a lot of posts.
Difficult to understand when I know, that whilst some research heavily and some not at all, the only information anyone can have is what is made public.
An opinion is then formed based on what they understand.
Why then spend so much time and effort into trying to implant this opinion on others? make your decision, invest or don't. Leave others to do the same. If you are then hear I would naturally expect you to be invested. some investors may be more sceptical than others but invested all the same.
Good post combos. I too read and try to research what both sides are saying.
Brings a bit of balance and stops me running away with myself.
You sound a bit like me. Hold on maybe you are me. Or am I you?
Beware the one who sounds like a laughing cup
of tea.
Started: Parker121, Today 09:45
Last post: Parker121, Today 09:45
@ BrewHaHa
Did you not make a statement saying that QBT would be a Billion Pound Plus company on commerciality?
I'm sure I have seen that posted.
Funds tied up elsewhere I guess? maybe you could apply your critical thinking to that investment to bolster it?
Started: fleccy, 19 Jun 2024 20:16
Last post: BrewHaHa, 20 Jun 2024 19:25
'on site servers'
Can't see that happening, too easy to get the software off them for someone who knows what they are doing. So that would rule out anyone at QBT.
I think QBT have it in hand. Sounds like an echo chamber in here today.
We’ve been though this so many time before boring boring boring.
And this comes from a person with negatively in their blood.
GLA.
Parker, in the case of SaaS the server would have to be very close to the miner and very fast, since any delay would be crippling due to the gargantuan BTC Network hash rate. As far as I can remember, I've seen no update stating that QBT have proven their software outside of the lab, which I'd argue isn't surprising. The Bitcoin Network runs 24 hours a day, 7 days a week, and literally anyone anywhere can participate in mining; This goes back to what I said in my last post, to prove QBT's software works they need scale, otherwise the hash rate of the rest of the mining network will reduce the probability of QBT finding a winning hash to a miniscule (insignificant) fraction. Think of it like this, imagine you have 100 ASIC's and you double the efficiency to the equivalent of 200 ASIC's, the improvement wont be apparent if measured against a million other ASIC's processing hashes in the rest of the Network, they likely need significant scale to prove their software works outside of the lab.
@fleccy
So your argument is the word probably which comes from yourself in a vain attempt at knocking QBT, why is this board infested with theses non invested 'experts' clowns.
This has already been covered and explained that either a local data centre or on site servers would stop any latency.
Now a question for you regarding how new miners are developed by miner manufactures, do they build multiple machines and then just plug them all in and mine and produce results or do they run external tests which give them there headline figures, do they gain theses results in a way that is accepted by miners to prove efficiency? do you think QBT are using the exact same method used throughout the industry?
Maybe research how this is all done before billions are pumped into building new mining rigs that could be duds.
Don't forget method C and the prototype chip to prove it up that QBT are building, Royalties on that to multiple rig manufacturers will be worth hundreds of millions, save 30% of calculations and start before the next block is even ready.
THINK outside that tiny mind and wake up to just how much QBT tech will be worth, Billion pound plus company in the making I believe it was said by one of the incumbents.
Most things in history were impossible or highly improbable until they became possible by hard work and taking risks.
If the human race believed everything was impossible and not worth attempting we would still be living in caves.
Started: Obelix, 20 Jun 2024 16:09
Last post: Dracula1, 20 Jun 2024 18:44
Yes Obelix It Is. How about answering the questions I put to you yesterday ??????.
ANY new Investors. DYOR.
Ha ha, think everything there is to say has already been said. Even the trolls are bored of repeating themselves.
Must be time for results then...
Amazing day here today, less posts and more trades, yesterday was more posts and less trades.
If we continue like this, the peace will restore in this BB and will become a pleasurable place to read information.
Started: Parker121, 19 Jun 2024 07:28
Last post: Dracula1, 19 Jun 2024 18:24
OBELIX. Just asking??. IS that your post to KAI on this BB on the 23th May 2024 at 10.19??. That you hold £2K of QBT Shares when some time ago you were Informing this BB your holdings were In the Millions and adding ???.
Please, what do you define as a Troll??. 20 ticks ???. How do you square all that???. IMO.
KoolKat15,
Your last paragraph says everything. The person always disagree with a positive post, and try to twist just to make sure you are wrong and the person is right (like every day - night - 24/7).
Now I believe most of us understand why I said The Troll Gang are DISHONEST.
Doesn't matter what's you said and prove, you, me or any person always will be wrong.
I'm sorry to say, it's a pointless exchange messages with few guys here.
They have an agenda and trust me, they will never change...
Filter or ignore like I do, could be the best option for all of us.
We know why they are here, and try to not send a message to them for one day.
Let them talk alone and we will see the result.
We know this Brew - see below taken from the last R&D update.
Update on the Porting of Method A and Method B onto commercial mining rigs
The porting of Method A and Method B onto commercial rigs has proven to be very challenging. The R&D team is currently testing different solutions for the final stage in order to deliver a fully reliable product. An exact date for market roll-out cannot be provided at this stage.
In the latter part of 2023, the Company selected two target mining rigs for the porting of Method A and Method B including a Chinese machine based on the BM13XX family of ASIC chips.
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. Due to the very specific, architectural choices in the Chinese manufacturer’s design of BM13XX chips along with no formal collaboration between QBT and the manufacturer, the Company first needed to understand the architecture of the chip and how to best implement Methods A and B. The R&D team is testing different solutions for this final stage in delivering the product, however the exact date of delivery cannot be provided at this stage.
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.
What FG stated in the recent Interview:
We are working as hard as usual and our team of 20 more researchers are making progress every day. I understand that the expectations and market are said, that they would like as to announce some important news, but the complexity of what we are addressing is such that, the improvements that WE ARE achieving in the lab are so relevant, that before we release information about the product, we really want to be 100% sure it will perform in an operational situation, 24/7 for months, which is the actual situation of any Bitcoin facility".
Firstly FG is not bullsh*ting IMH. What I get out of this statement is a man who wants to get it right before the next R&D update. We don't know exactly where they're with testing and if they're testing live with mining companies? What we do know is at present there is no "bad" news. Of course this is a high risk vs reward investment, but so is most of AIM including GST. Your ongoing disagreement to every post someone puts up is pointless IMHO. I am happy as I'm sure others are holding and building my/their stake here. If we're wrong then we will suffer the financial consequences, but if we're correct and FG gets the deal, we'll be taking home a very large pay day!
'they been running in live for almost 4 months'
The YouTube video released 25/01, which was filmed late in 2023, started that they were working then on getting live results to prove their tech to miners. So closer to 6 months than 4 months.
FG says 'the next step is to see live results, which is exactly what we are doing now'
https://youtube.com/shorts/6r06RD6dRRs
Did he say 4 months testing? If so then it must be because they want to show results with June update 🤞🏻
Started: ihalliwell10, 19 Jun 2024 11:38
Last post: gaf11, 19 Jun 2024 16:01
Agree with you. 2p and 3p maybe I think 2p is a big target from today's price. After being heavily invested in this. It still shows no signal like last year. Up and down to make money on.
This whole year so far. Has been a big downward trend. Big money has moved in to crypto. Rather than very low yield stock market.
Just on the back of Bitcoin and the incoming cash, and the fact that there are management targets of 2p+ , I have bought a few quid more of these, thinking that it will spike at some stage this year when the court cash drops, the update for a customer order comes (remember , this could be a charter customer i.e. joint basis) if it margingly works 20/30% then, the sign up rate could be quick and enough to spike these based upon rumour
FG isnt silly , hes already taken some through the courts in Italy (not an easy process) and proven he has the minerals for getting what he wants, I think he will do the same with this, even on a small basis , my target is 3p, in 2024.
DYOR
Started: notready1, 19 Jun 2024 12:06
Last post: notready1, 19 Jun 2024 12:06
.....this BTC IP/AI/Quantum developer worth a hell of a lot more, yet people don't realise it........
Started: Chipofftheblock, 19 Jun 2024 10:23
Last post: Obelix, 19 Jun 2024 10:44
So basically the main defendant is liable for the €6m + interest, and if he doesn't pay then the other 4 are liable for the same amount but spread between them. QBT lawyers have been calculating the assets owned by them for quite some time and are now in a position where they can enforce collection 👍
In regards to R&D they have been running the mining rigs on the live network for months 24/7 to replicate real world mining to ensure that these improvements are 100%.
Financial security and progression are both very positive 👍
Https://youtu.be/PbwmMecwruU?si=5LRSfKXYYh81W_s-
Very positive for you all 👍
Started: Cheapsharesboy, 18 Jun 2024 18:34
Last post: LtdAxis, 18 Jun 2024 23:24
Valid question
You can certainly get more tick ups by clicking multiple times on the recommend link. Your friend Addison revealed that. Which is what tick ups are irrelevant and should be ignored.
So anyway, give me one lie I have posted today
On another note Brew, did I not see you let slip that if you click furiously on your mouse or keyboard that you can get huge recommendation counts up, bit like you just did with 0-12 in less than 2 seconds, but you would need another account to do that with, now why are the crew so desperate to get misinformation across?
FOMO
Give me one lie I have posted toda
No Brew, its you who are making things up and passing misinformation, a good few have actually called you out for lies today, maybe its just yourself and hexam who have no shares with a negative view who are correct, maybe all us share holders have it wrong, bit odd isn't it.
I have been going back through the interviews and didn't FG talk about testing to 110% a month or so before announcing the 2.6 x algorithm improvements.
FOMO Brew, you are enraged with it.
Started: ihalliwell10, 18 Jun 2024 09:57
Last post: broomtree, 18 Jun 2024 18:28
Pennies in the grand scheme of things…. Talking of pennies we aren’t even priced at one of those!
Update, upon reading the detail, its the company, its directors, the auditing company and other individuals and their family members that are liable for this debt, which in my view increases the likelihood that a fair chunk of it will be received. seems like the boss man has nailed them for this.
Do the defendants actually have any money to pay with?
Feels like we have won but now the fight starts
Seems to be the case that as long as a couple of million drops in , then QBT is fully funded to deliver the patents ......
ALl to play for here.
Last post: Hexam, 18 Jun 2024 17:20
Not sure what point you're making KK, I have my doubts and voice them, but at least you're not telling outright lies about me this time so I suppose it's an improvement. Well done :-)
What do you offer Hex? Absolutely nothing 🤣🤦🏻 And you're invested. Now that makes me laugh 😆
Hex earlier today. 👇 🤣🤦🏻
"The other difference is that we just have different levels of optimism about it and clearly I'm not averse to voicing my doubts. I know it upsets some people but equally it annoys me when others make out everything is going swimmingly and can't bear to here a bad word said about the company. Just different outlooks but we want the same outcome in the end".
"I give facts as did Jambone."
Now that made me laugh out loud. Cheers for that :-)
FG wants to be 100% sure ( we have heard this before) because a fully operational method b running 24/7 on mining facilities is $$$$ for qbt.
This is what makes me laugh out loud 🤣 about Brew and Hex they want debate about the company, but don't offer any actual evidence of their fluffy opinions. I give facts as did Jambone.
Have a good evening genuine holders! 👍
Started: RKBeekeeper, 18 Jun 2024 10:25
Last post: Garwool1, 18 Jun 2024 17:18
Brew. I would not mind handing back 700k to receive
1m.
Also would you not be happy to return 170k to potentially receive 30% of winnings.
Our legal team will fight hard to reduce that down.
Maybe the receiver is now aware that there is money to be made, whereas perhaps they jumped before to receive the 170 K now they are thinking that they can get 30% of the whole pie.
Remember there are insurers involved..........
',,,,,Oh dear PAS, showing yourself up as being incapable of having an intelligent discussion....'
.... i save those for intelligent pple Brew ! Not diengenuous , agenda laden shorters ! 😱
Ohh dear Brew showing youself up to be totally disengenuous and pompous !
... dyou recall telling us ... you're here because of your 'interest' in crypto and to see if 'this is all a scam' ... and repeatedly questioning the integrity of the CE ... dyou remember !? I do 😜
Pas14, better ignore the person. You will only waste your time, you can't convince a TROLL that they are wrong. They job is to convince others to sell and they keep their position alive. If FG release a result test tomorrow, they will BURN for sure. Until the day arrive, no point to argue with them. They are always right and others are always wrong. They are the GODS of the BB, good Samaritans, they are here ONLY to protect us against the Company...
Started: PAS14, 18 Jun 2024 16:18
Last post: baserite, 18 Jun 2024 16:44
Summer treat ffs.
It and its alter ego are having a cent of a time over there bless.I’ve got a few but nothing that hurts lol.Had a good day elsewhere and didn’t realise until I looked in on Gst and here between matches as at the tennis all week and saw my name being bandied about over there by aim it lower and lower who I have to thank for paying for my little summer tray and excursions.What a Guy lol.
... that long over at GST needs help Brew ... get the 'twitchy finger' gang onto it !!! 🥳😁
Started: Troajan, 18 Jun 2024 14:28
Last post: kaisersuzae, 18 Jun 2024 16:36
Feel news will be soon - they been running in live for 4 months... need to 100% that the results in Labs match the results in LIVE!!!
Are you a retired politician Brew? Your last post is still spinning 😵💫 🤣
All Brew is doing, is expressing an opinion to make it seem better than the actual truth. You did this all the time with Jambone. I suggest genuine holders watch the interview and make up your own mind. Today's news is positive whichever way you look at it. Brew is sharing theories based on fluff. What's not to like about a company working hard to make sure their tech is working 24/7 in a bitcoin mining operation. Of course the risk vs reward is massive, but I feel when news does drop, the SP will rise even more than my expectations!
I’m happy to sit patiently until the price takes off again. Genuine holders, please don't listen to Brew or Hex they've an agenda. God knows what it is? 🤣 DYOR 👍
Interesting interview thanks.
FG said he couldn't say he was optimistic about getting the settlement but they were working hard to do so.
Still in the labs trying to get Method B to work in a live situation despite running their Methods 24/7 for months.
So not much has changed.
Love this from FG "Our team of over 20 researchers is making significant strides every day," he stated. "before we release information about the product, we will really want to be 100% sure that it will perform in an operational situation."
Started: Obelix, 18 Jun 2024 11:44
Last post: Awl007, 18 Jun 2024 16:18
Live in a basement you say. What utter luxury. I used to live in a lake and after a 26 hour day I had to clean all the fish before I got my nightly strapping then had to eat mud for tea.
One for the older people on ere. Haha.
And a good afternoon to you too Neil.
Though I think you missed the part where I said the RNS was positive.
A geewiz. I feel all special now. Thanks.
*hear
Thank you Zesty and good luck to you too on your investment here as well, after all we both win if the sp soars - though I suspect your investment is bigger than mine so you will probably win a lot more! The other difference is that we just have different levels of optimism about it and clearly I'm not averse to voicing my doubts. I know it upsets some people but equally it annoys me when others make out everything is going swimmingly and can't bear to here a bad word said about the company. Just different outlooks but we want the same outcome in the end.
Started: Awl007, 18 Jun 2024 10:33
Last post: Awl007, 18 Jun 2024 10:33
With a short position open with gsa they have to pay interest on their borrowed shares.
Is this interest fixed or price sensitive? Ie if the sp goes up or down the interest is reflected in that.
Sorry if this is a dumb question but if I don’t ask I will never learn.
Started: gaf11, 18 Jun 2024 09:59
Last post: combos, 18 Jun 2024 10:19
Party what a very poor attempt. At least others put a little effort in!
Good news is good news. It wont help those who are invested for great news on a working method, but it will help the company get to that point if invested correctly.
It wont pay the options to employees only the results will do that.
Great RNS for all employed by the company, they can draw down on that money for some time, jolly jobs for the boys all round.
Once money comes it. That should keep the company afloat for a bit. Once people have had there nibble of the windful. Now they can work to get this company to fruition
Started: Fireblade23, 18 Jun 2024 07:26
Last post: mrhanji, 18 Jun 2024 09:53
Excellent news no more appeals its written in stone.
$10m + should be bagged at some point, something tells me it won't take long.
Because...... The waterpark should cover this money off. 🙂
"I didn't say why is it not 3p I said why is it only 3% up"
I know you didn't. I never said anything about 3p. You asked why It had only gone up 3% and I gave the reasons why I thought it wouldn't be expected to go up that much more than this - even if just 3% was (to me at least) still a little surprising.
You answered my question Hexham in the end!
I didn't say why is it not 3p I said why is it only 3% up
Like you started at the end of your long post... you had expected to see 1p.. so did i
"Wow how did that news only move this to 3% up??"
Because it is not the 'great' or 'brilliant' news that many here are making out.
They had already won the case, they have just won the appeal against that judgement so hardly unexpected. It is still good news though and better of course than losing the appeal.
However they do not now get the initial €700k cash injection (and need to recover the €170k from the receiver). So this hits immediate cash flow although they should have enough cash any anyway to not make this a problem for a least several months (though should get a better idea of this next week when the results are released).
The voiding of the early settlement also means they are only entitled to 70% of the final money - not 100%.
Finally, winning the appeal was the 'easy' part. Actually getting hold of the money is the much harder part and is what will really move the sp north (along with any positive news on testing or deals of course).
Having said that I would have expected at least a double digit % increase today maybe even to a penny, but not much more, so 6% (at time of writing) is a little disappointing.
I know this isn’t the carlsberg news that investors have been waiting for but a small victory none the less.
Usually small victories help win the major battles. Let’s see what happens.
Good luck.
Started: notready1, 18 Jun 2024 08:02
Last post: HappyDazes, 18 Jun 2024 08:03
Great news finally up up and away.
€6m with interest is above €10m.
Settlement will be £5m or much more.....no big delays as final judgement.
We will be able to advance methods and own chip design massively.
Don't listen to the knockers or miserable holders....this is brilliant news...
Started: MrBasse, 18 Jun 2024 07:36
Last post: avocet123, 18 Jun 2024 07:48
As good news as this is, it could still take years to physically get the money, if the defendant are even liquid.
Looks like method F - fantastic! Derisked from any cash raise and by some way too
Does anyone remember what year this is starting from? I can't find the year only mentions of the case from 2020. Would be good to see what the possible amount could be after inflation is calculated.
…what a looser…turning clearing the final legal hurdle into a negative…really sad…with interests and inflation adjustments should come close to current market cap…GREAT news…