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8 mins is the blockbuster, again. Are they really only testing on 2 machines?
"What's the next milestones investors should be looking out for"
"Oh, just and announcement where we say method B is working and we have 2 machines, one running with method B and one running without method C **(presumably he meant method B)** and see live that we mine faster and better than the other machine".
You'd have thought they would have learnt their lesson from the twitter videos that communication needs to be stepped up. That's a very very disappointing PRN for shareholders.
I'm just annoyed that Jambone has been banned and can't put their spin on it. They've been copy pasting complete garbage for months "news due", well there it was "methods a and b don't work in live per the lab results, but method c in the lab shows 30% energy savings which will definitely translate to live (probably)."
Rereading the PRN the amount they're trying to do doesn't even sound realistic with such a small team.
There will be price spikes, you can make money here off of them, they might have some good ideas (I do question that though, otherwise one of the miners would be more engaged), but I can never see this being a successful business delivering whats being promised. I'll happily be wrong on that for most investors here, but not Jambone.
"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."
It's actually a a communication problem with QBT Kat.
If there is a significant update, then why is it left open to interpretation, unless the company want it that way because there is no concrete update.
Wishy washy.
1 is a number Jambone. 1 miner giving 1 machine, what can they hope to establish from that?
As ever everything is vague and wishy washy.
Been in advanced discussions with miners since May last year and nobody has seen anything significant enough to commit to a deal.
I might be wrong and I will happily come here and pat you all on the back of this works out but I just can't see it.
I've said it before and I will say it again, if there was even a 1% chance of this working then a major miner would have either:
1) do it themselves
2) buy QBT outright
3) sign an exclusive deal and chucked FG 10x QBTs mcap to get it up and running.
Notice how the twitter videos stopped the minute that investors started asking difficult questions.
Ok, so we're at the point in the cycle that this guy appears in the news again.
https://www.unilad.com/news/uk-news/james-howells-threw-away-bitcoin-battle-retrieve-969732-20240223