Our next webinar is 27 February at 6 pm. To ask our speakers Sapan Ghai, CCO at Sovereign Metals, Will Holland, CEO at Europa Oil & Gas and Rick Guiney, CEO at MicroSalt a question please submit here.
If the QBT tech does work, then who are they targetting? If they go for the big miners then surely that means with the halving that the 100's of smaller miners will simply go out of business.
If 3 or 4 large miners take the tech, what does this mean for everyone else?
Shareflyer, when Easysend acquisition, Semnet acquisition, New Ceo appointed, Sandbox acceptance, GS20 full roll out, Angraglobal and AngraFX both firing and the full launch of GST's GSMoney comes.
5p will come and go. This won't happen overnight so keep selling at a loss and chasing rainbows and coming here to whine about it, we all love your posts, honest.
Extensive Lab tests, at a lower difficulty than the current, training complex neural networks, have showed that hashing with Method A criteria, can improve the ability to find a winning hash up to 12%, compared to current search, by taking advantage of a weak point of the header generation procedure to gain a statistical advantage over competitors of the order of 12% in mining speed.
Extensive Lab tests, at a lower difficulty than the current, have shown that hashing guided with Method B criteria, can improve the ability to find a winning hash by 2.6 times, compared to standard search, while saving up to 4.3% of energy.
Method B will be available as a SaaS (Software as a Service) client-server cloud application via a module upgrade to uploading an upgrade to the mining rigs' firmware. The QBT server, where the Method B engine runs, receives data from the mining rig, the client, and responding with a search parameter, which increases the probability of finding a winning hash.
I think Jam is saying miners will have a 160% increase in coins? Which isnt true at all. Method A apparently gives 12% chance of increase in coins, Terawulf already has seen a 10% increase using different tech.
On average, in the last 3 days, Foundry USA mined 47 Bitcoin blocks each day, which translates to 293.75 BTC in daily rewards. So, in order to mine 1 BTC in 1 day, you would need to contribute roughly 1/293.75, or 0.615% of Foundry USA's hashrate. This translates to 0.615 EH/s, or 615,400 TH/s (terahashes per second).16 Feb 2024
“The next step is to see live results, which is exactly what we are doing now……”
So are they taking the next step to be able to see live results, or are they seeing live results now.....?
They still need to show the miners the improvement they have obtained in the lab.
Sitting on the wall, and if 1 fell.....
Literally nobody cares how many 'green boxes' you have, you really don't need to come here and announce it like its something really important.
Sad. Have 1 more green box.
Put it this way Lloyd, they applied it was refused for reasons we now know, I.e Fca weren't ready imo, or maybe a combination of that and the application didnt hit criteria, then offered a place on Innovation well over 6 months ago now, so even if they needed to apply again, I can't see them being refused again can you?
The timing is now perfect to coincide with the new laws at the end of the 6 month Sandbox which is why we might be seeing big positions being taken here.
This getting exciting.
New laws looking to be passed within 6 months.
Perfect time to enter the Sandbox then?
Firm completes application form. Resources available on FCA Sandbox
webpage to assist with the process. Firm will hear back from the sandbox
team within 2-3 weeks of submission of application.
Applications assessed against our eligibility criteria.
Eligible firms refine the submitted testing plan, with support from the
sandbox team. Firms can select from a range of sandbox tools.
Firms are accepted into the sandbox once their testing plans
have been agreed.
Testing phase (~ 6 months) and issuance of agreed sandbox tool(s).
Test is closely monitored by the sandbox team.
Firm submits its end of testing report, exits the regulatory sandbox
and agrees on next steps.