Quantum Blockchain Technologies PLC - London-based cryptocurrency researcher and investor - Starts bitcoin mining testing, using knowledge-based algorithms. Says the actual mining will follow shortly after the completion of testing. Explains that the main purpose of the mining activity is to collect real-time data "to populate" its existing big data database. This will then be utilised by its research and development team with machine learning and data analysis tools.
Says one method tested for mining showed improved performance in speed and energy consumption compared with current crypto mining devices. Expects that two new patent applications will be filed as soon as practical.
Current stock price: 2.16 pence, up 17% on Monday
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By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Quantum Block (QBT)