Member Info for Chipofftheblock

After reading the RNS from March, this statement caught my eye, I'm not sure how much this has been discussed as don't come to the chat much anymore.

Could this chip be what Parker is refering to in regards to where it should be placed on the wafer?

I know to some it may seem like QBT are going to end up with more letters then a pride flag, but this is because they have to evolve an change to suit the rapidly changing industry, Intel pulling out killed method A and maybe method B which is why they had to change the plan, not through their fault this caused delays and alterations.

Investors here should feel comfortable that there are no concerns with cashflow, at least for this year, and that news that was unexpected could land at any point.

"The Company has commenced development of a proprietary ASIC chip. A working prototype is about to undergo development which will confirm performance levels.

The Company has started a process to design and build a proprietary ASIC chip for Bitcoin mining. Initial chips will be designed in an established process node during the testing phase. The prototype will implement the proprietary optimised version of SHA-256, as per the Company’s two patent applications (i.e., ASIC UltraBoost and ASIC EnhanceBoost) as well as the new Method C. It is expected that a working prototype will confirm the architecture feasibility and performance of this new QBT proprietary intellectual property.

Once manufactured, the chips will not be used for industrial Bitcoin mining, instead they will be utilised as an affordable real-world proving ground for QBT’s disruptive Bitcoin mining technology. The Company believes that by creating its own chip it will be better situated to construct its new architecture from the ground up. The Company has decided to facilitate this development with a mature process node chip due to its lower manufacturing costs rather than for example, a market-leading 5nm prototype ASIC, which would cost nearly £2m."

I had a similar response a while back 👍 that is when the staff will be truly rewarded, when they can cash in the options, there's no point cashing in a 5p option at 5p because you get nudda, the target for 5p options is 15p - 20p and for the 10p options..... 25p-35p.

The company are in a good cash position currently and have enough to see them through the year, perhaps when the short position closes (which surely they would any day now with the current SP) then the price will run back upwards again, as the once shorters then move to a long position and await the rise....

Post the reply again 👍

Hi all,

I want to thank all those who kindly helped my family in getting the workshop, my wife has since started her own business and it's going well, she is currently focused on art therapy for teen mental health and also one to one sessions for older patients with dementia. My wife is very happy with her summerhouse and has plenty of art equipment to keep her busy, I even managed to get myself an anvil and forge and have started construction on my own man zone where I can do my blacksmithing, so all is coming together nicely 🙂

I have now closed the gofundme page, so sorry bobcat you won't be able to use me to get at others 😉

I wish all the best of luck and truly hope that QBT comes good for you all, I shall remain around so this is not a goodbye from me, as I feel I can still offer helpful insights into the company along with some Addison speculation 😁

Could they have applied for this to cover Thier backs when approaching a manufacturer to develop QBT chips?

I have sent an email to FG to see if there are further international applications apart from SK, will let you know 👍

Well done FG 🙂 that can only have a positive effect today 🙂

It's because there was a coordinated attack on numerous posters here and they got banned, though I can see why some may think it's broken, in the past two years I have never seen a day like yesterday where there were so few posts.....

When news lands I'm sure all will return 🙂 maybe some news on the receivership of some court case money will be well received by investors 😉

Was just looking for the comment from Kai saying this brew, however I can't see any posts from him, do I assume another account has just been struck off the books?

Dropping like flies this week.....

Yes it's a valid point that people should be able to discuss both the positives and negatives of a company within the chat board without being attacked 100% I don't come here very often anymore so my comments are based mostly on past experience and not of new posters that seem to follow the same style of posts from the past where they only post 100% negative comments or like jam and myself that seems to post 100% positive, this board lacks sensible debate, if someone was to post both a positive and a negative within the same comment I would probably fall off my seat 🪑 perhaps if people just showed both their positives and negatives then this board may be more constructive for all 🙂

I think the cause of this board being the way it is, is because almost every news release has been left open to speculation, coupled with a lack of understanding or over simplifying the complexity of the task at hand.

There have been the hardcore believers and there have been the deniers, never any middle ground 🤔

Why are people even discussing how many shares they have? Why are you not discussing the company? I remember when almost every post on here was actually talking about the company, but as R&D seemed to come to an end and attempts to enter the market started QBT had to be careful and still do have to be careful about what they can or cannot say, again leaving investors to sit speculating all day long or argue about other things that have no relevance to QBT.

How's about people just start being productive or simply get on with real life things that doesn't involve posting on here 👍

Have a great weekend all, it's a long and wet one..... That's what she said 😁

If that's the case what would be stopping him from buying algorithms or hardware improvements from a third party then to incorporate them into their rigs? In the end of the day JD / Block are still a business and will be wanting to compete with china, so they have reached out to the community of developers to make a kick ass rig, if QBT are part of that rig and he uses even just one of the methods then the SP here will fly, on another note don't forget the whole quantum side to QBT for which they await the industry, FG said it's ready to roll once the industry catches up 👍

Yes brew I have got quite excited on a few occasions in the past, back then bitfarms made sense that QBT would approach them as they were setting up a green mining farm, there is always logic (be it my own logic) as per my last post I stated it was speculation 👍

No more appeals to come 👍 case closed

Https://www.cointrust.com/market-news/quantum-blockchain-technologies-subsidiary-reaches-settlement-in-sipiem-litigation

This article contains a comment from FG that sums it up nicely....

https://twitter.com/proactive_UK/status/1790994099215962328?t=RKb5BooqsJvKEJ-i5mSX8g&s=19

They can now claim the full €5.4m plus interest which by previous calculations posted is around €10m 👍

With a big wedge like this I forsee QBT cracking on with their prototype mining rigs and progress will be made soon, well done to the long term holders here it's about time some positive news landed, this news will have the short position getting squeaky bum time that's for sure

Last hearing was 11th April 2024 so should be soon you would think.....

I'm going to call a closing SP of 3.2p 👍

Thanks hex, that makes more sense now 👍

Looking at their history, they have been in trouble before and use algorithms which decide when to close, I wonder what this SP may be? I'm sure we will know when it hits, question is will they be able to sell all them shares? They have what..... 11m? Will they just try dump all in one go? A computer won't get twitchy and think news is due this will surely be pre set sale, or am I looking at it wrong because these 11m shares may actually be owned by long term holders who are not aware that their shares have been sold to GSA, and it's as simple as when they sell these shares that the shares are just credited back to people's accounts?