Member Info for DSFLAT

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" message ends ;-)

The current business model doesn't work even if Method B was proven to be a success on ASIC rigs which without any proof of concept should be questioned.

It would only work for solo miners or those miners Not using a mining pool

Example:

Argo has 2.8 EH which it pools into Foundry USA which has a combined pool of 126 EH. Block rewards are distributed according to % hash supplied to the pool.

If QBT's product worked on its ASIC's, posed no risk to Argo's fleet by way of machine failure or warranty ? Posed absolutely no risk of downtime or failure resulting in lost revenue ? and Argo rigs mined more BTC than they would expect given hash the reward would still be shared with all the other pool participants.

Argo's net benefit would be negligible, whilst the risks to Argo's operations, its mining rigs and the viability of its business would be considerable if there were issues with the SaaS product.

The risk v reward therefore makes the business model flawed even if it SaaS and method B worked on ASICs.

https://mempool.space/mining

There could be a very small market for solo ASIC and GPU miners (Mums basement) who agree to split any very unlikely solo BTC block mined rewards with QBT.

A better business model would be to set up their own small mining operation, run some rigs, prove up any improvements and then attract investment from the Bitcoin industry imo

Flat Earthers are particularly good at noticing things that are supposed to be there but aren't like;

A Curve

Gravity

Rotation at 1000 mph

Star parallax

Oh and CEO comments on news releases ;-)

Jambone, it's not just the lack a usual interview it's the total lack of any comment from the CEO..on any RNS or PRN

You know like 'i'm delighted after two years of R&D to provide some details of our product'

If he can't even put his name to the PRN what signal does that give to investors ? & after massive gains still not a written word or interview from the CEO

At the very least I'd say it's the oddest thing I've ever seen in investing

Imagine an Oil company CEO putting out a cartoon of a huge oil discovery but not making a single comment on the find lol

Funny

.

Lets be honest since the GPU cartoons and the GPU PRN without comment from FG there have been more ramps than Kwik and the posts have have been more pumpy than Halfords cycle dept...

The one person who hasn't said a single thing positive about the X post or the SaaS website updates and ref to GPU is the CEO

So please don't lay blame at any posters who question QBT and it's claims

There are literally 100'S of proofs but here's a good visual of how it works:

www.bobwinds.com

Oceans, winds and magnetic flux

F1Driver let me simplify things for you if Method B cannot be used on ASIC miners it's a non starter.

Stuck on the starting grid or actually still in the pits due to technical failure ;-)

F1Driver

If Method B can only be tested (used) on miners using GPU and not ASIC miners to mine BTC on SHA-256 the potential market for the Saas product is close to zero..

Without proof of concept to the larger ASIC market it would be wrong to place any figures on MCAP or revenue.

There was no mention of ASIC in the PRN which FG didn't even comment on which given the R&D journey raises serious questions about the authenticity of the 2.6 claim imo.

Posting large numbers without proof of broad market use is misleading.

Why didn't FG talk about the cartoons or the PRN which he didn't comment on or sign off ?

I have my theory and it comes from seeing a history of ambiguity and a lack of any proof of concept or clarity of any sort.

What you think of that comms update is entirely up to you

QBT put out some cartoons and a dodgy PRN about GPU without comment from the CEO..

Markets likes the lack of commitment or transparency

That's what's happened

SteamyWee

"Stag - To successfully mine 1 single Bitcoin at the current difficulty requires around 3000 mining rigs. They are not cheap, so the only way to test on mining rigs is with a partner."

You fool, you don't only mine a whole coin, that's why BTC mining pools are out there lol

This chat has more muppets than The Muppet Show ;-)

No proof of concept yet....

How many Sats were produced in testing ? ZERO

Which suggests Method B has never been used on SHA-256 Bitcoin mining

Jambone always brings the laughs

"Traders out new blood with Brian’s in"

Brian lol, ar ewe going to see loads of Brians posting today lmao

nearly as good as Bitman when the company is Bitmain

Keep them gems coming Jamboner

Coin Dance link this time ;-)

Addisonshare, I'm not in the know but you can check mining pool stats and real time blocks here: https://mempool.space/mining

These are stats for BTC (which isn't what I call Bitcoin)

Coin Dance is also a good place to see view SHA-256 statistics (Community-driven Bitcoin statistics and services) which includes recent blocks rewarded, SHA-256 halving countdowns, profitability and other mining metrics.

https://coin.dance/

Nice to see someone ask about Bitcoin on here !

Addisonshare, I'm not in the know but you can check mining pool stats and real time blocks here: https://mempool.space/mining

These are stats for BTC (which isn't what I call Bitcoin)

Coin Dance is also a good place to see view SHA-256 statistics (Community-driven Bitcoin statistics and services) which includes recent blocks rewarded, SHA-256 halving countdowns, profitability and other mining metrics.

Nice to see someone ask about Bitcoin on here !

Still nothing ?

Getting ridiculous now imo

FG has done more interviews than Sam Bankster Fraud over the past few years and three days after posting the cartoons he's nowhere to be seen...

That interview about porting after the PRN was nearly as funny as the PRN about the bitcoin mining report they put together.

Come on FG the sp will drift if you don't get on camera with your usual racing car story lol

FG did a PRN and an interview on 'Porting' when they hadn't done any porting lol

Come on FG show yourself, you can't hide behind those cartoons of GPU tests forever