RE: QBT19 Oct 2023 15:01
An old post (Jan 2023), but it sketches the market for the product:
sharetalk
18 Jan '23 - 08:31 - 718
QBT system to be adapted to mine two further coins, Bitcoin Cash ("BCH") and Bitcoin SV ("BSV") "which it has determined is possible without any additional monetary or opportunity cost or time diversion from the Company's current R&D endeavours":
hTTps://uk.advfn.com/stock-market/london/quantum-blockchain-techn-QBT/share-news/Quantum-Blockchain-Technologies-Plc-Altcoins-Oppor/90001894
QBT share price could go ballistic.
Teletim- we have a world class team as good (if not better) than any other company. DR Grover is considered one of the leading experts in quantum and he has stayed with Qbt. It is also really exciting for Qbt and Google to be in the same sentence. It speaks volumes about the ambitions of this company.
Because the potential here is massive :)
So after 1 year of R&D the multiple teams within QBT have made some massive leaps forward in improving the efficiency of bitcoin mining, most recently announcing with a simple software upgrade they could improve the efficiency of an existing miner rig by 30% without causing any increase to the power consumption, further increases are expected upon application of cooling. This however is not the main target here, this software upgrade is expected to be used as a revenue stream by licencing it out to existing miners and taking their fair cut.
The revenue brought in by such deals would then be used to progress further with their quantum algorithms applied to the latest quantum computers coming on to the market, FG has been working ahead of the race, with algorithms in place they now await the industry to catch up with the required qubits, at which point QBT will hold the patents to the world's fastest most efficient mining rigs in a multi £billion industry.
So where could it go?
Just look at where Argo went in late 2021, from 3p to £3 in less than a month, now to think they are just mining bitcoin, QBT will hold the key to the fastest mining on the planet, patents and have even said that when it becomes viable to mine (the price of bitcoin rises) then they would definitely look at in-house mining, FG has also stated creating prototype mining rigs to compete with the global leaders who take advantage of their customers!
So a buy-in price of 2p for a company that could well be into the ££ within the next two years is an amazing opportunity for all interested in investing with QBt
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