OTPSENSAI - A fascinating insight into your QBT theory / plan1 Jun 2021 12:50
I think I know what the plan is
13 Apr 2021 17:46
You guys ready for my theory, which I think is CLP's plan
13th APRIL 17.52pm
My Theory
I believe CLP are more than capable to switch on a couple antminers, but its all in good to mine blocks for crypto, but its what do you do with it. For those that have carried out teh research , you can link a few things together, the company mentioned they will weigh up selling to the market straight away or holding (Hodl) therefore I believe they will link trading using the Neural method mentioned early and also holding capital. I believe CLP will enviably hold a proportion and trade the market with the remain using algo, with a war chest (along with Story's warrants) to fund there quantitative research in regards to increase the rate of hashing to quantum effect; all whilst the miners keep mining with ultra low-costs.
31st MARCH -
Head and shoulders:
19.02pm
They could use existing miners and incorporate AI into them, but I believe FG implies he is to make his own from scratch.
18.55pm
‘That's pretty easy to answer, as mentioned previously its all about effective allocating your hashes to pools as well as the fact that AI is something that improves on itself. Brute force is not the answer as even with brute force profitability is not guaranteed; for example a U6 miner that specialises in mining Dash has a high hash rate however its not as efficient as other miners out there, therefore seeing alot of the revenue generated represented as cost. Its all about getting the balance between power; in both hashing and power consumption, as well as hash allocation, and learning from past blocks to be able to solve future blocks”
You are right in regards to the fact if AI mining makes it easier for block to be mined then the difficulty will rise which is correct; which entail, leads 1st generation miners (i.e current miners in motion) becoming less profitable and falling behind the curve. In regards to your point about long term the edge will dsappear because eventually everyone would do it; my answer in short is, someone needs to start it for everyone to base there model on. If CLP are to be the first company to release gen 1 of AI miners then we in nature will shake the game up.
16.14pm
“there are papers about it, however, there are no actual publicly traded firm that has executed this. If CLP can execute and deliver something remotely close to this, it would change the game , and you would see the original bitmain miners be in for a rude awakening”
15.38pm
‘For those that don't understand the purpose of AI in the mining process in layman's term, is that it will learn how to be more efficient in cracking a block, in regards to hashrates, power consumption, deviating and allocating hashes to the most effective pools at the time and the overall thought process behind solving a block”
Mining
I would say give it 4 weeks from the interview ....
I feel optimistic reading into the above