Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Why would Block not have thrown resource at this inhouse? 6 months later and QBT are still trying to prove their tech on the live blockchain. A small team of Block devs could have sorted out QBTs issues in a fraction of the time.
Just my opinion but it comes across as once again FG throwing a few crumbs out, completely without any proof, to create a narrative that has no bearing to the real world.
I believe there is a very tenuous link as QBT said there were no porting issues onto Intel chips (although they have not provided any proof of this) and Block buying up Intel inventory when they withdrew from the market back in Apr 2023.
As far as I am aware there has been no acknowledgement from either side that they are working, or even aware, of one another. QBT also stated that they were, in Mar 2024, still not actually at the stage of negotiating with anyone and would not be doing so until they proved their tech worked with live results, which are still pending.
Given all the above, and Blocks commitment to open source suggests there is zero collabaration currently between the two companies. Just my opinion, no doubt Jambone will use their usual childish misrepresentation to claim that I think QBT are conkers deep in Block.
Block has already stated its firmware will be open source which means the QBT code would be available to whoever wanted it. It is possible that the firmware could consume QBTs SaaS giving protection to the core algos but very, very unlikely given Dorseys very public stance on decentralisation and open source principles.
'in the interest of transparency, we intend to make our mining firmware accessible to developers who might want to modify or extend the feature set'
https://www.mining.build/an-update-on-our-mining-software/
So to summarise, QBT will benefit from a bidding war for their non working tech between the US Government and Jack Dorseys Block.
Ramping on this has jumped the shark now. It's gone plaid. Unless it's some kind of competition where the most outrageous suggestion gets a meal for 2 and overnight stay at FGs Travel Tavern.
The 3nm chips in the announcement are not Intel, they are custom designed by Block.
Are you suggesting the Block firmware will have QBT Methods built in? In which case the code will be compromised and everyone can steal it.
Or, are you suggesting the Block firmware will hit a SaaS? In which case it goes against Dorseys open source ethos.
I suspect if a deal had been done with Block at least one of its 12,500 employees would have leaked it to friends or family and we would be seeing more than 27 trades.
What your proposing is utter nonsense and that's being polite.
Can't see a QBT raise for at least a few months, they should have £1m+ of the money from the last raise left.
GST raises seem to add value to the companies offering which should hopefully at some point show in an improved share price. Doing raises for ongoing company expenses like QBT did is not ideal.
'If you bought Miners with open source, would you want to instal slow or fast software'
I would probably buy software that worked so that would rule QBT out.
If by some miracle QBT gets it working, Dorsey buys it and releases it to the world as open source code then everyone would want it but:
A/ Because it is open source QBT do not get revenue from it
B/ The software would get branched and be massively improved by someone else
C/ Everyone mining at 2.6x faster means there is no advantage to anyone
Again, Ocean are all about open source. Therefore if they bought the Methods they would become open source as that is Dorseys ethos. They may as well pour their money down a drain as their advantage would be quickly lost as people would just copy the algos. Unless Dorsey did it out of altruism, but then with everyone using it no one would gain and so it's a bit of a pointless exercise.
'So you agree QBT will be installed on mining machines now then'
I never said that, you are making things up now, I said 'If the entire Ocean pool is reliant on QBT SaaS dishing out the nonce ranges'. It's never going to happen, and you can quote me on that.
Like I said, childish misrepresentation is your speciality.
' All their comments are irrelevant'
And yet NSKK you take time to write long posts about how not bothered you are. Strange behaviour, far better to ignore me and posts something of interest regarding QBT.
'Decentralization is about payments'
Put this another way. If the entire Ocean pool is reliant on QBT SaaS dishing out the nonce ranges then is that classed as decentralised? What happens if QBT decides to stop one day for whatever reason?
'But you broke cover and were pumping GST yesterday'
I was hardly pumping it although I do think it is promising. If you bothered checking I posted about the GST RNS on a thread where you were comparing QBT vs GST so it was appropriate. Although I appreciate truth and balance are not your strong points so I expect you will continue with childish misrepresentations in order to make you feel good about yourself
'Ocean pool is all about decentralisation'
And how does that fit with miners having to connect to the QBT SaaS? Like I said, QBT is the opposite of what Dorsey is trying to achieve. But if it helps you cope then please go on believing Ocean pool is the answer.
The GST RNS told us that Semnet were signing big deals and trading above expectations. Agree though it was a softener for today's raise which I am OK with. Expect an acquisition announcement in the next few days/weeks. A raise to build the business is a different beast from a raise for working capital.
Check out the Braiins site, a pool who offer optional firmware for users of their pool. Lays out their fees. You're barking up the wrong tree with Block, they are all about open source so QBTs approach is the antithesis of what they are trying to achieve.
https://braiins.com/os/plus