RE: RNS out17 Jan 2025 07:18
This doesn't look like "waffle" anymore!...
* Following almost three years of R&D efforts, the AI team working on Method C has delivered its first irrefutable result, with a new version of Method C AI Oracle, which can now be used to mine the current blockchain blocks in real-time with an approximate 30% improved performance. This has been made possible thanks to retraining the Method C model and to a very efficient hardware implementation of the AI Oracle, which forms the core of the “Implementation of Binary Decision Trees” patent application.
* This has the potential to be a major breakthrough for the entire Bitcoin mining industry, as QBT has developed an AI Oracle which can either reduce the energy cost of mining or increase the speed of mining at current energy costs, by approximately 30%, which it can prove through live demonstrations.
* Following the filing of its new patent application the Company is now in a position to demonstrate its FPGA-based live Bitcoin mining, via a mining pool, to potential clients who it anticipates primarily will be hardware manufacturers.
* The board of directors currently believes that working in commercial partnership with a major hardware manufacturer via a licensing agreement, will be the most logical route to market, principally due to the cost benefits to QBT when transferring its disruptive technology from an FPGA to the most competitive ASIC in the market
Maybe, just maybe, QBT is on to something with Model C? I had been sitting on the sidelines until recently when I bought in to QBT a few weeks ago just in case! It's going to be interesting because if they can leverage a "licencing deal" as they propose today in the RNS this could go stratospheric.....
Good luck, Brighty