Member Info for DSFLAT

There are several different algorithms used for POW, this may help:

https://academy.bit2me.com/en/top-most-used-mining-algorithms/

QBT are focused on the Bitcoin algorithm so ETH changing to POS has no effect on QBT or Bitcoin.

There are other POW crypto projects like Monero, DOGE and ETC but BTC is the main focus for many of the large PLC miners.

QBT could potentially mine other POW crypto but for now Bitcoin is the target.

Hope that helps

Guy from Coin Bureau covers all things Crypto on his YT channel:

Proof of Work vs. Proof of Stake: Beginner's Guide
226,687 views Jun 24, 2021
Coin Bureau
1.99M subscribers
https://youtu.be/08vnE2_cAeQ

I remember ARB, I bought some at 5.56p, didn't add more when it dropped to 3p...

Loaded up between 7p and 12p and I was up circa £1M when it hit its highs...

I learnt a lot of important lessons that year which include recognise the potential, be patient and know when to take profit...

This is the 'be patient' phase ;-)

'A senior lawmaker in Russia's State Duma has expressed openness to selling the country's energy in Bitcoin, following major moves away from the dollar and euro.'
https://www.theblockcrypto.com/linked/139143/russian-lawmaker-floats-bitcoin-as-payment-option-for-energy-exports-as-the-country-moves-away-from-euros-and-dollars?utm_source=cryptopanic&utm_medium=rss

Zavalny's appearance follows Putin's announcement yesterday that Russia would require "unfriendly countries" — namely, the U.S. and the EU — to pay for natural gas in rubles rather than the dollar or the Euro

Might have something to do with it

From the recent RNS:

'The Company’s IT infrastructure is now fully operational. Solo mining activities, created to test AI accelerated miners, running on CPU, GPU and FPGA are currently being finalised. The Company will provide the results of these tests once testing has been completed.'

QBT mine a block with a CPU or GPU whilst testing it's AI accelerators and FG would make the front cover of Time Magazine.

The chap who wants a Caravan for his wife could upgrade to a top 10 most expensive Luxury Motorhome and Mike could buy a Tropical Island :-)

If this block mined today had 'QBT' rather than 
 $0k showing in the technical details things would get pretty wild here :-)
https://blockchair.com/bitcoin/block/728623

These unknown mined blocks are often TerraPool which is Argo but the odd one pops up with no obvious pool or registrant.

No point getting too excited just yet but personally I enjoy checking these blocks from time to time just in case..
https://btc.com/btc

One look at Random Investors YT channel and you can see many of the public traded miners all progressing down the same road.

Core have a team of twenty looking at mining using AI.

The industry will change it's just a matter of when.

Might be QBT, might not...

Good post King Albert.

That's why I like QBT..

There's a chance they could disrupt the entire BTC mining industry and see the sort of gains Argo saw.

They may come up short of course....

But the imining industry will undoubtedly change in time and perhaps QBT will change it.

I found this YT channel informative regards Quantum Technology:

NYU Quantum Technology Lab
https://www.youtube.com/channel/UCk7io8SN3ZwKvkpnMCbIGsA

They did a video a year ago which I found interesting;

Mining bitcoin with a quantum computer
https://youtu.be/AFO58qOdbBg

'How secure is bitcoin with quantum computers' is the follow up video.

I like this channel and how they discuss Quantum Technology in small groups and I imagine QBT's R7D teams have gone through similar thought exercises in their quest to bring QBT's advanced mining techniques to fruition.

Hi, I would suggest starting by reading the RNS's and doing some research into Bitcoin and Bitcoin mining.

QBT are attempting to disrupt BTC mining.

I said Full Moon because I thought it unlike this board to get so reactive..

The first thing I thought was 'What's the Moon phase'

Full Moon which I believe also believe is thought to coincide with Bitcoin pumps

Strange....

Anyone going out later to howl at the Moon ?

Chill guys if FG gets this right we should all do very well :-)

Full Moon :-)

When Eurasia EUA released news to the market about talks of a buy out the share price shot up and there were massive sudden drops where many investors got caught out with stop loses (MM share grabs were suggested at the time)

Bitcoin To be mined:
2,013,318.75 BTC

https://btc.com/btc

About 6m here

Quantum Mining

'The Quantum Computing R&D Team has now developed a quantum version of a BTC mining algorithm, based on Quantum Bit (“qubit”) based quantum computation, using quantum logic gates. Testing of the quantum programme will begin shortly on a quantum computer, following the signing last week of an NDA with a major US technology manufacturer.

The new qubit based algorithm is significant enough to encourage the Company to file a patent application to protect this BTC mining development, which will be lodged shortly.'

Pure speculation on my part but a successful patent as described above from the recent RNS could arguably be valued at the remaining minable Bitcoin when technology advances enough to fully implement.

As Donald Trump might put it this could be 'Yuge' lol

Lol I hit the enter tab before finishing the post...

Marathon Digital Holdings were previously Marathon Patent Group
'a patent and patent rights acquisition and licensing company. They acquire patents and patent rights from patent holders ranging from individual inventors to Fortune 500 companies'

Marathon have historically purchased Blockchain and Cryptocurrency Transmission Patents...(2018)

I'm not suggesting QBT might sell their patent/patents but it is encouraging that Marathon have acquired patents in this sector.

Core & Marathon are currently the two largest BTC mining PLC companies, both are obviously interested in patents and mining innovation.

I have posted previously about the Core Scientific CEO talking about having a team looking at Bitcoin mining using AI technology and the importance they have placed on innovation in this area.

Thanks for the show of hands to my post today.. 10 likes (also holding QBT)

I try to follow the miner news and updates as much as possible and the only other company talking about using AI to mine BTC is Core Scientific (which I hold). Their CEO did a good interview recently (on YT) in which he said they had a large team looking at it.

Anyhows I don't want to sound rampy so thanks again Argonauts