focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Difficulty changes ever 2 weeks or so, so maybe 7 difficulty changes. Possibly why the animation videos show a 12 day testing period with likely a 2 day analysis before starting a new test. So at least 7 test runs so far on the live blockchain with no confirmation that results are as expected.
RKB suggested Argo was using Method A in Dec 2023 to live mine. He also marked QBT as a strong buy when it was 2p. Badly wrong in both instances.
He clearly does not know what he us talking about. Quite why LTHs cream their pants when he posts I dont know. Guess they will cling onto every small hope and ignore the fact that QBT are stringing them along with promises that never materialise.
RKB, Dec 2023, not Jan 2023, my bad:
RKBeekeeper
Posted in: QBT
Posts: 3,195
Price: 2.05
Strong Buy
Is Method A in Live Operation 4 Dec 2023 07:49
Is Method A in Live Operation
With ARB in October Mining 2% more with 7% increase in difficulty and then in October they Mine 5% more despite increase in difficulty of 9% in makes you wonder if they are utilising Method A.
Now what would happen when Method B is utilized?
RKB
'some of the Trolls would do some proper research'
Said by the bloke who suggested ARB was live mining back in Jan with Method A. I find the 'trolls' a lot better researched than the rampers on here who just regurgitate the company line without applying any critical thinking to what they are being told.
' So QBT have been mining for around two months in two major pools running rigs 24/7 and accumulating plenty of data, the difficulty in bitcoin increased just 7 days ago so that data will once again need interpretation'
QBT have been live mining since at least the start of the year, so 3 1/2 calendar months. Difficulty changes every 2 weeks roughly, so they would have seen difficulty change around 7 times so far.
It either works or it does not, they should be running standard rigs alongside their 'ASIC devices' so it will be pretty clear to see if the Methods work or not.
'Brew. You like golf, go and have a good game enjoy the afternoon instead of the free bulletin board most of the day, enjoy the spring weather'
Is windy here, hate playing in the wind. Hit a basket on the range this morning though, got to keep practicing.
Will post when I like though, but thanks for the advice. Could you just post on Thu and Sun, between 12:37 and 17:42 would be fine. Cheers
'whose machine and chip do you think they’re using for live testing?'
I believe they are not using a commercial rig, they are likely using an in-house device
'As for your comment on the firmware this makes no sense. The very reason QBT have designed the SaaS solution on servers is to protect their IP so that they didn’t have to deploy any firmware onto physical machines.'
If you watched the X video from 15/01/2024 FG explains how their software is rolled out. It replaces the firmware with the QBT bespoke firmware.
'They are live testing on a North American asic Bitcoin mining device'
QBT have never specified the exact device they are using to live mine, never mind its country of origin. I believe it is likelt an inhouse creation.
'There’s also the key difference between SaaS services (QBT) and firmware within rig manufactured hardware'
The SaaS is still reliant on the firmware as this is where QBT will put their software that will talk to the SaaS.
'Only fools can be fooled by such foolish comments Brew and whilst you think you're a cut above others on here I'm afraid you're woefully wrong on that score'
Just giving my 2 pence worth, certainly don't think I am a cut above anyone and apologies if I give that impression.
I think my point still stands though that around 75% of the market is Bitmain rigs and their order books are stacked. For miners to move away from Bitmain would take time and would likely mean other manufacturers would need to scale up their production to cope with the demand. It would not be an overnight event, it would take many years imo.
It also presents QBT with the issue of having to spend time on every chip type out there which would take time and resource.