Member Info for FigTreeHarry

Copy/ pasted from other board.
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Thanks
Fig.

QBT’s Diary of potential News /Events:

Source: Sept Interim report
FPGA and ASIC:
“The Company has also started to implement the first set of optimisations on FPGA, expecting early completed versions of the FPGA to be ready by the end of OCTOBER 2021, while the optimisations covered by the above-mentioned patent are due by December 2021. ASIC development work is expected to start in parallel in OCTOBER 2021. Based on the performance achieved by the FPGA chip, it may be decided to use it as the Company's first mining engine”

OCTOBER-DEC21:
* International IP for new ULTRABOOST ASIC” patent filing
*Algo optimisations: radical % speed improvements, faster Hash rates to be revealed
* CEO: “Many more” optimisations patents to be announced.
* Potentially upto 10 patents: TBC
* ASIC X 4: UK/International - Algo-Sha256+ ETHhash - TBC
* FPGA x 4: UK/International - Algo-Sha256+ ETHHash - TBC
* GPU X 2 - TBC
* Algorithm-ETHHash: optimisation next mining patent to be revealed? TBD
* QBT Blockchain Validator ? TBA = revenue building
* QBT to mine own crypto-ccy: BTC+ETH using ULTRABOOST as Blockchain validators
* deployment of proprietary FPGA +ASIC implementations of Bitcoin mining algo” TBC

OCTOBER 21
October - 1st completed versions of FPGA set of optimise chip expected in October? TBC
October - FPGA CHIPS decision to use as Co’s first mining engine ? TBD
October -CEO short-term planning: *we seek Partnerships / JV announcement? TBD
October - ASIC CHIPS “development” commencement? TBC
October - North Italy site infrastructure deployment completion? TBC
October - DWAVESyst Quantum Leap - Cloud / AI progression update - TBA

NOVEMBER 10th 2021
- Judge court hearing of both parties - ref:QBT historic settlement= €7.8m /£6.6m

JAN 2022
January- ASIC chip Development progression for period Oct- Jan update
January* - Any additional news of JV / Partnerships? Revenue stream build.
- More Patents ?

FEB 2022
Feb15th+ - CryptExpert’s, 10m x 5p stock options - Feb Window. Open To exercise @5p+
Feb 1st - Mar31st - Judges verdict on settlement award “within a 60 day period” = upto €7.8m to QBT If awarded min 70%.

By MAR 2022
Warrants EX @2p - will JS exercise if sp has risen above 2p - profit to be taken
At 5-10p? - potential capital raised £2m - TBC

Feb -April 2022
Finance/Cash injection into QBT: 3 sources for new capital/ cash:
JS Ex 2p warrants = £2m
The court case proceeds: €7.8m max ( evn 70% =still great)
New partner injects cash:£1-£2m
May - Rnd team - 5p stock options Exercisable in May

In addition to the news BTC could rise from $48,000 - $100k+
Increasing the Circ BTC Market sector alone: from £75billion to £150Billion.
If ETHHASH is announced, all the above make the 5p options / 10p options look like steal, so far I am not dissapointed with Expert strategy...DYOR / GL

Great to have new posters, new opinions, “new holding investors” who bought in on yesterdays ASIC news from here on.

Yesterdays ULTRABOOST ASIC RNS news came as a shock to the market. In denial if anyone had predicted this so soon.

FG is fast learning from Crypto Expert on how to shake this aim market now, “disruptive” is the way forward.

With many more patents to follow, Company’s start to pay attention to such developments.

2 words: Well done !

DSFLAT,

Nicework, maybe worth sending a ultraboost rns link to Elon.....;)

Truelove,

Finding a few customers in a circ market size of : *£75BILLION (btc @$46k ) can’t be that hard.

FPGA Market to grow.

https://www.google.com/amp/s/venturebeat.com/2020/12/10/fpga-chips-are-coming-on-fast-in-the-race-to-accelerate-ai/amp/

Correct.

Breakout is coming...

Hasiba,
Mary used to have a little lamb, even made a song...

I’d take 65% if offered. ..Bite that hand Mary!

QBT can raise capital /finance, with very good options both short-medium term, adding shareholder value to company along the way: QBT have minimum 5 options to achieve further finance in the next few months

Short term:
1) Bring in JV PARTNER: brought in and injects cash into company for rapid chip dev program
2) 2p WARRANTS: Upon good news sp rises 4p++ -
JS 2pwarrants can be exercised: raises £1m-£2m max for company.
3) A Successful COURT verdict: upto “€7.8m /£6.6m cash payment to QBT” - massive bonus this

That would be close to £10m injection

Based on 3 options above, QBT is a very different company.

The Final 2 options:
4) New private investor injects £1m (max)
5) Traditional Placement - a very final option albeit, at a much higher sp if the above 3 options were triggered with success.

This breakthrough result, which we believe has the potential to be game changing, will be used for the deployment of our proprietary FPGA and ASIC implementations of the Bitcoin mining algorithm."

5-10p suddenly feels like their is a expert plan behind the 5p options...(no pun intended)

More to come .....

Timetable of key news reporting:

Source Interim report:
FPGA and ASIC:
“The Company has also started to implement the first set of optimisations on
FPGA, expecting early completed versions of the FPGA to be ready by the end of
OCTOBER 2021, while the optimisations covered by the above-mentioned patent are
due by December 2021. ASIC development work is expected to start in parallel in
OCTOBER 2021. Based on the performance achieved by the FPGA chip, it may be decided to use it as the Company's first mining engine”

October - Dec: International IP /no of patents filed? no of optimisations revealed?.
Algo optimisations: radical % improvments in Hash rates/ speed - TBC
October - First completed versions of FPGA set of optimised chips expected in October?
October - FPGA CHIPS decision to use as Co’s first mining engine ? TBD
October -CEO short-term planning: *we seek Partnerships / JV announcement? TBD
October - ASIC CHIPS development commencement? ——-:)
October - Northern Italy site infrastructure deployment completion? TBC
October - DWAVE - progression update - TBA

Layla,

The market size / price of btc will give you an idea...
Current circ. Based on $46,000 = £75b market size.
If BTC rises, we are in for a crazy market upgrade.
If you google profitability on btc, you will find plenty of info on btc profitability.
A 20% improvement on ASIC chips is super news.

FG will seek partner: “Bring in right partner to exploit BTC’”. His own short term plan.

We are in the short term period now.
This can be announced as we enter ASIC dvelopment phase.
All making sense now.

I read this a few months back, which had me intrigued...
OPTIMIZING FPGA DESIGNS FOR MAXIMUM THROUGHPUT”
https://essay.utwente.nl/79103/1/Kruiper_BA_EEMCS.pdf

Read page 3 - ABSTRACT - 35% can be improved upon...
(QBT employed ex-graduates for RnD project, wouldn’t have it any otherway)

October news on FPGA will reveal more....

The lull period lasted 16 days....
And now we have this news:

AsicBoost: AsicBoost is a patent-pending method to speed up Bitcoin mining by a factor of approximately 20%.
And it’s not even October, what it reveals is RnD Team has been optimising ASICS for past few months :-)))
The rns news are delayed....they are rapidly ahead.

FPMG news is next, and these can be improved by 35% -40% according to the link on the paper. Possibly more.

This news is next.....

Lots of 50k buys = £20k trades...

Sellers are small.

Good summary you posted pm2022.

Thank you!