Member Info for FigTreeHarry

Press Release: Autotuning — The Best Thing For Bitcoin Miners Since AsicBoost
https://www.minerupdate.com/news/miner-insights/autotuning-by-braiins

Copy and pasted from yesterday:
For J.Story, to exercise, the company share price would have to be 2p+ - we all agree on this?
If however, there is any truth and JS is in a speculative mindset..?, towards any short-term QBT news announcements in the coming periods, Sept-Oct Business update may provide some opportunities or insights if true. e.g. QBT announcing: bringing in a new business partner? Or OCT expected news on FPMG CHIPS confirmation: optimised FMPG chips to be used by QBT as their first mining engine”, this latter news is expected Oct 21 (source RNS Aug 18th) thirdly, JS simply speculating BTC price pushing beyond $50,000++ towards new highs (source: cointelegraph/ crypto media)
Just my own views on speculation ...

This is my understanding of the warrants from speaking to others:
JS and his 100m warrants, first is it worth understanding why the Warrants were Issued? i.e to attract an investor capital into the organisation once it has proved itself to the receiver of the original warrants (proved= this means the sp would be 2p+) by delivering, and once the SPrice has risen well above the exercise price of 2p+. And profitability kicks in for warrant reciever:
https://smallbusiness.chron.com/companies-issue-warrants-59774.html
http://regdresources.com/portal/the-use-of-warrants-to-attract-investor-capital/

(If sp) has a breakaway and is way above 2p threshold, exercising @2p would raise finance for QBT.
This is not a bad thing.

Navigator,
Our time is coming in October as we are closing in the first big deliverables. Numerous factors in October, not just on BTC surge above $50,000. Much bigger if FG delivers on the recent hard work started:

What is potentially next in October?
1.Details on the efficiency in running the Bitcoin mining Algo with this new set of optimisations, will be released shortly “after filing the patent” TBA
2. CEO Short term plan: To seek “right partner will likely be bought in to exploit” the BTC market. - TBA Who??
3. ASIC CHIPS Development Commencement: build of prototype OCT
4. FPGA CHIPS: Based on the processor performance achieved by the FPGA chip, may be decided to use it as the Company's “first mining engine” - TBD (source:Aug 18th) - October.
5) 1st versions of the FPGA chips processor due In October
6) DWAVESYS - Update by QUANTUM COMPUTER workgroup - update anytime.

BTC upsurge is an addition always.
Anything else?

John ...WARRANTS...Story so far..

CLP RNS - Feb21
“Mr Story will also be granted 100,000,000 warrants over Clear Leisure ordinary
shares (the "Warrants"). Each Warrant will entitle the warrant holder to
subscribe for 1 new Clear Leisure (QBT presumebly) share at a price of 2 pence per Ordinary shae)are and will be exercisable for a period of two years from the date of admission to AIM of the Placing Shares”

Francesco Gardin, Executive Chairman and CEO commented:
"I am very pleased to be able to welcome John Story as a substantial
shareholder in Clear Leisure and have direct access to the exciting
technologies he has recently invested into, which could be extremely beneficial
to our new cryptocurrencies initiatives"

Q) Which exciting technologies did JS invest into that maybe beneficial to QBT and have direct access to?
How relevant is this piece of info?, was there some negotiation or TnC’s agreed as part of the 100m warrants deal to JS?
I’m intrigued if this is still relevant whilst warrants are held by JS?

Morning DJB,
As you say, all very speculative at the moment reg Arb. Personally not followed ARB, as say an ARB holder would have, there are a few on here no doubt. I would need to read the Aug 9th rns to see the “coincidence” behind the speculation, which is all this is. Going to read it now. (This time next week =September and October is 5weeks away) I think we are approaching an exciting period. Good to have held on.

Regards to patents applied for, there are a no of companies who have applied for crypto related Patent stateside. Be it hardware devices for security and other processes. Again need to do some more research.

DJB, On a lighter note, all things QBT,
All the points you suggest, many here will agree with, and over-time, say by an end-of-year we will have a happier healthier position in this sector. Profs are not the best CEO’s- fully agree, in time this should change. You can visualise it, we’ve already achieved 4p, but, with “right business partner” on board QBT can rapidly exploit the BTC market. This is FG’s initial short-term strategy as laid out, this plus with ASICS CHIPS development: specific to mining and global shortage of CHIPS. (With QBT JSwarrants and Expert and FG stock options set at 2p, 5p & 10p). Well worth the wait for 10p-20p-*30p.., it is not beyond us if the right news pops up on “right partner” and ASICS.

*The disruptive circ. Market will increase by Dec21 as long BTC stays well above $46,600 by £Billions. Current £75Billion++

All the key dots are joining up since May-Aug operational progress but these 2 remain the next major announements. Hence the biggest question, who would QBT partner up with in the UK?

Stay strong mate and take care of yourself!
Fig.

DJB,
What you are all experiencing, not easy my friend. Not easy at all. My sincere condolences DJB, I am sorry for your loss, the loss of your Father in this pandemic. This is never easy on anyone, in time we eventually get through the initial pains and later the healing period starts to tick in. I hope others are recieving the right care and support. In the current period, we hear a lot of human story’s of loved one’s passing away and these stories unite us.Talking does help. The pandemic is far from over, we all have to experience these latter stages of life as humans, myself included and everyone on this BB. Can’t escape this i’m afraid:(

Morning DJB67,
You have your priorities set in stone, I salute you my friend.
I hope they are ok, and it gets easier for you.
We are only gifted with one set of parents, and they are a gift.
So of course we have to look after them. It’s our duty.
(As for QBT, don’t worry too much about it, what will be will be.
Any questions feel free to ping over, whenever you have free time).
If I can’t answer, somebody else always will...
There is little to be valued as highly as parents, it is time well spent.
Stay strong and stay positive for them.
All the best,
Fig.

Thanks DC, an honest answer. Like it:)
Hope you took minutes!! Lol

Enjoy the rest of the day fella.

DC: Yep, my team advised this the other day,

Hmm, Who led this meeting? Was it a scrum meeting on zoom or a BOD’s meeting DC?
What was the total ££war chest dedicated to QBT? Tell me more.

I’m just curious that’s all. Sorry if I am a little nosey, i’m just jealous:)
Fig.

It’s a copy n paste bob-job from previous old post for DJB only.

Goodnight..zz

UCL - University of London
Link to PAPER - Re-posting.. (interesting read)

One of 3 Co-author from UCL blockchain consulting services, who may have written the proposal below. (Will expand on Paper proposals again with Etherium)

He is a UK based expert. Abstract resonates with QBT strategy proposed on optimizations enable bitcoin miners to save countless millions of dollars per year in electricity bills. Or faster processing. Energy efficiency..

This bitcoin paper was written by UCL - London
https://link.springer.com/chapter/10.1007/978-3-662-44893-9_12

Optimizing SHA256 in Bitcoin Mining
Authors and affiliations:
Nicolas T. Courtois + Marek Grajek + Rahul Naik

The UCL Centre for BLOCKCHAIN TECHNOLOGY LINK:
http://blockchain.cs.ucl.ac.uk

UCL offer a Blockchain and crypto optimisation consultancy service -
(Food for thought that is all, nothing more)

Snippet of the Abstract
We estimate the speed of this process and we show that the amortized cost of this process is less than it seems and it depends on a certain cryptographic constant which is estimated to be at most 1.89. These optimizations enable bitcoin miners to save countless millions of dollars per year in electricity bills.

DJB67, you wrote this am:
“I am a little nervous about the use of Phd students and university professors. At times it feels a bit amateurish”

Aplogies, just getting back to you,
I have never under-estimate the amazing research/ development some of these leading Major Institutions / Universities are producing for decades. Research/ dev and innovations, discoveries offered to the world /Corporates, top class research labs.
Covid Vaccines saved lives. .Google who came with ETH proposal Paper? A 19yr old student.

3 universites have been mentioned by FG:
UCL, Milan University and Imperial College, london

Imperial College and Quantum Expertise:
The quantum computing trailblazers powered by Imperial expertise
by David Silverman
25 May 2021
https://www.imperial.ac.uk/news/221893/the-quantum-computing-trailblazers-powered-imperial/

Imperal - RnD
https://www.imperial.ac.uk/quantum-systems-engineering-hub/contact-us/research-themes/quantum-computers/

I’ll go one further and say the price-drop on day of Aug 18th announcement, was totally off.
Considering no of BUYS v SELLS - time may reveal, but something very criminal went on, an Investor was filled.
Can say what I want to say..
Nuff said.

Mark,
In INITIAL RNS Original key date: designing new ASIC chips was ready by June 2022.
ASICS Dev commencing in Oct 21 - “ASIC development work will start in parallel in October 2021”

FG: The Field Progammable Gate Arrays ("FPGA") and Application Specific Integrated Circuit ("ASIC") Expert retained by the Company will start implementing the first set of optimisations on FPGA this month (AUG)

Marky,
I also think Aug RNS was ready 2-3 weeks back, (it was well overdue) but with BTC rising above $40,000, it was held back to make way for a higher circa. Market BTC announcement as it reads better than $39,000 to be exploited?
Again just my thoughts, as I expected the RNS update every month. On this I can forgive him, as circa £75 Billion market sound better:)

What I am saying, the QBT working group team assembled are Tech -knowledge-BODS highly devoted quantum-geeks, and moving very fast: an “aggressive and intense RnD program, (an agile work approach) is going on in the background, simply to keep up with the rapid rise in crypto, adoption of ccy and asset, sector approval and new Regulatory developments. To allow exploitation ASAP with the “RIGHT PARTNER”

He who dares FG...

MARK,

Read the original full transcript again, the plan is fruitioning for all to read to the tee;
Next = Regarding short term focus - “seeking right partner to exploit.”

https://www.tech-capital.com/companies/news/949254/quantum-blockchain-technologies-could-help-transform-the-digital-economy-as-we-know-it-949254.html

What sort of R&D have you started?
We are building a new team. If you want to use an analogy, then Formula 1 is a good one. We are trying to build the number-one car. So, we need a workshop, excellent engineers, and excellent drivers. And that is exactly what we're doing. We're setting up a workshop. Of course, it will not be a physical one, but a very well-protected data centre. We are setting up a team of experts; former students from the UCL in London and physicists from Milan University. So, we are putting together an excellent team of experts to work on our R&D. We are already working in the direction of using quantum computers and deep learning to explore mega terabytes of data related to, for example, cryptocurrencies and designing new ASIC chips. So, I mean the amount of R&D that we're going to pour into this company is massive.

When can we expect to see the first results?
Our strategy is one where we will deliver intermediate results that are very attractive not only for our own use but might also be useful for other companies too. So, some of our research will be medium- and long-term. Other parts of our research will be short-term that can be exploited with the right partner.

1. Attractive for our own use (QBT’s
2. Might also be useful for other companies
3. Other parts of our research will be short-term that can be exploited with the right part5ner.

Ticked off
1. RnD and the virtual working team - TICK
2. Fully operational for 4 months - TICK
3. The International CRYPTO expert brought in - TICK
4. TESTING commenced on optimisations - TICK
5. TESTING Progress announced Aug 18h on track and progressing - TICK
6. Aug 18th - Updates on Optimisations - TICK
7. Updates on FPMG CHIPS - TICK
8. Aug 18th - IP IDENTIFIED - INTERNATIONAL patents to be filed very soon - TICK

NEXT...
1. Patent info to be revealed after filing - TBA
2. A Short term a partner will likely be bought in to exploit the market. - TBA

‘Other parts of our research will be short-term that can be exploited with the right partner

This will be massive news, and and this is a “short-term announcement”
That’s what I now expect and well before year-end, before BTC price catapults up.
- RIGHT PARTNER, but who ???

DJ,
Last point..
Going back to March, there was no CryptoExpert on board at that period, but when the Consultant came on board in June after the AGM Vote, HE/SHE became the Crypto strategist and outlined a new way forward, new ideas, new proposals and anonymity perhaps he himself requested and Consultancy agreed. ..knowing some of the degenerates and abuse on this BB. And what they are trying to achieve at this critical point in time for the new asset in question. Agree Strategy was tweaked for the better but Expert is the Strategist now. Just my thoughts...

FG could move to be Chairman
Bring in new New investor friendly CEO with experience from sector (maybe the this expert even?)
and some new Executives/ directors.
My guess is he would much rather sell on company than do this, due to trust.
He has trust issues, due to historical bad experiences with some directors, who screwed him.
But, Experience is how you learn in business. And you cannot generalise everybody is the same.
Ask your Sugar’s, (Alan Sugar, not Sugar babes...), or Branson, Gates, any of the CEO’s, and leaders.
You have to take on risk and delegate duties, else you never forward.
GL.

DJB67,
Thank you.
A suggestion:Send an email to QBT - CEO.
Outlining your questions and any concerns you may have?
We all agree Communication has to improve, I agree with you.
Proactive, just seen the 1 video, made in the pandemic.
Going forward, if there was a public vote, I would vote for a new CEO.
Bring in new blood. Regarding anonymity, the inventors of BTC are?? We don’t know, could be me, you, or someone based in Japan. Also secrecy around this. The main reason has to be harassment from a juvenile group of investors who started a negative campaign. It maybe he is part of another Consultancy also.
Both UCL and Imperial College are all involved in crypto spectrum and Imperial college have a major quantum project /co worth $3bn if i read the article correctly and both do external Consultancy services on crypto and improving optimisations the same as our strategy: phase 1-2goals. There is a Paper on this also.
I will re-post the 2 links later. Makes for a very good read.
Enjoy you day.