Member Info for FigTreeHarry

Taylor,
Good point you make on 2 majors.

This is from interview on 2 manufacturers:

Interviewer: What is the significance of working with the two tech companies for you then?

CEO: What we found really interesting is that as soon we approach them. One is in the US and the other in Japan. When they Realised what we are doing. They immediately made available their facility once NDA was signed. Which is great.. We were surprised as we are this small uk based company and we thought these giants would not respond to our emails. Reaction was quite the opposite. One of them is “sharing the prototypes of their new versions of their quantum algorithms” to test”, we are very pleased for that

CEO: There are “several players interested” they are in a rush to get out the fastest and most reliable quantum computer.??
We have done most of our job, we are just waiting on the Industry.??

Spoken to somebody to clarify this...

8 days ago......the interview was after the rns. However the Rns could have been 1-2 weeks held due to market turmoils, then we had the 50%-70% uplift suddenly....
If the testing was almost complete and some success known and final verification by two industry verifiers of interest is the final state of play, I would blurb out the above statement, is my own interpretation.
I.e. We are waiting on industry to bring in 2 verifiers...

(If we are about to start testing, the industry would be waiting on QBT....not the other way round)

So, Did the CEO slip out more in interview, is what I am saying...??

Think about it, talking to the ones who understand the process...

8 days ago......
CEO: There are “several players interested” they are in a rush to get out the fastest and most reliable quantum computer.??
We have done most of our job, we are just waiting on the Industry.??
——————————-
Question is who are these interested players/ miners??
(Stating “industry” is a professional method of keeping a lid on names).
Large US miners: Mara, Block, Griid/ others?
Euro based miners UK- Argo/ others?

Assuming “the mining industry” interests also awaiting the testing, final results incl. independant verification.

Which interested party wins first-refusal for orders?
Who wins priority orders for quantum miners....?
Any LOI - upfront £fees from a potential interested party, thus allows QBT to continue further its goals, that has to be the goal?
Any Multiple larger orders from the miner industry goliaths would be the icing for stakeholders and QBT team.
Will there be a public presentation once final quantum results are announced?

QBT priority: Testing + success in results + Independant verification + final 2sign-offs
The (AI and Quantum) RnD mining approaches and each testing phases, successful results verified by 2 independants. Results of all testing documentation with tracability matrix has to be accessible, allow questions on any results, and finally signed off by independant verifiers. All new Patents filed for IPO

If “the industry” is in a rush, then the pressure falls on FG / QBT team to deliver tomorrow.
With success, this takes the company to next level, not far off.

Latest FG Interview transcript:
Part 1

New Patent Filed:
Filed Patent Application for “a new qubit based algorithm for bitcoin mining”

What to expect?
Increased hashing speed compared to other ASIC miners recently announced by competitors. (INTEL and Bitmain)

Higher performance than original estimates due to optimisations (by cryptography expert and FPGA/ASIC design team).

CEO: JUST A REMINDER OF QBT GOAL “To develop the fastest bitcoin miner”

We have different ways to achieve this goal. The patent is the most reliable approach, less risky, developing chip or chips which will run faster than existing chips.

Regarding chips: We know Intel announced a chip, we know very very well all their patents. This is something not new to us. So the nature of this 2nd Patent we are about to file is again further improvement on the optimisations in this chip. Which mainly is the work of our cyber expert in this area of technology. And we have mentioned many times he is one of top experts available and his work has been cited by hundreds of results in this area. This is the less riskier approach.

Going to more advanced approaches, the quantum algorithm we developed, it’s a major major improvement. Developing quantum algorithm is totally different to developing classic computers algorithm’s. So we have to first prove that it works, once you prove it theoretically, then you can start to run it on a quantum computer. We are at that stage. We proved it works theoretically, theorems.

3p-6p will be broken, with ease when it happens.
In Jan we were sat at 3.2p
In Nov 3.9p

3-6p is next ...

In contrast, Argo has dropped to 68p.

QBT holds the keys to the “kryptonite” that argo would love:))

some here forget...
QBT chnaged strategy back in Nov from 7nm to a 5nm/3nm chip, also deployment was late by 8 weeks, due to shortage of hardware. we also did not factor in market turbulance, and drop in crypto’s to $26,000. Then there was the virus/ pandemic lockdowns and the italian deceased defendant and court case date chnages and now this nonsense war.

Yet we are doing better than any other stock out there...

(Next news is patents_2 ASIC ultra boost - draft tech document is completed)

Out Today...
https://cointelegraph.com/news/bitcoin-hash-rate-may-see-small-capitulation-with-difficulty-set-for-new-all-time-high

Would that be due to QBT:))

Breq,

Single Quantum bitcoin solo miners what would they be sold for each?
And typical order size for a few select customers?

Are we persuing this approach? As well as pool mining.

Need to listen to the interview again...

Added

Hmmm...Thinking of adding, could see it back around 4p, based on current cap, it is possible.

I’ll be back later:)
Fig

Important point you bring to investor’s attention “verification”

Verification of any testing results by 2 independants.

Puts the doubter factories at bay.

Taylor you summed up nicely - LIKE:)

Addison,
You could be right, something is afoot today in terms of any movement, and the volume/ trade activity, compared to last few weeks.

I am thinking the same, lets see what the week brings shall we..

Just noticed the volume, bodes well :)

Loading up /Countdown to next rns on patents?

By having a patent on algo conversion, asic ultraboost, and AI -ML approach FG appears to be covering all the bases, making the path harder for any potential entrant, a bit like Apple technology. Even if a copycat entrant got through, BTC mining is so transparent, that any revenue made secrectly, would be listed across the distributed network, leaving a history and trace easy to prove in any court, in other words any revenue gains would be tracked, no where to hide and any revenue as a result of any copy cat entrants and revenue made over the months/ years easily identifiable.

We could be talking £M’s in any court case revenue paybacks to QBT.

Clever strategy...

Have a good day steamy.
Off to enjoy the sunny weather:)

ATB / DYOR.

Court cases are not cast in stone in italy.
Ask anyone on here.

Draft PATENT_2 TECHNICAL APPLICATION - already completed -
That was 5 days ago.

New “NDA partnerships” have been formed in US and Japanese with major manufacturers, anyone in the tech business know they would want to see real progression / evidence of current actuals/ test planning phase and test schedules/ phases before signing up and freeing up their precious time to assist another tech company in chip manufacturing, knowing the chip shortage market and how difficult it is to find a “free slot” to assist with any RnD and design and manufacturing.

Then you have the BTC Quantum solo miner rig interests from numerous partners, as staed by CEO 5 days ago, any big orders would come 12months in advance to final product manufacturing, as we have seen for years, most recently with bitmain and Intel pre-orders. LOI, and some up-front payments, like argo, block and others have been doing.

I rest my case.
ATB.

When is the court case?
Conclusion at end of the year.......

I.e. Not the next event.
Does anyone care for the court case, other than a novice traders.
No one is thinking about it.

Next news is 3 patents +BTC test results + update on variuous other RnD progression and NDA Partner developments

Just need to bang past $46000 by Monday, long overdue, like evrything else..lo
Not too much to ask, surely....?

As for the full moon dsflat, a sight to behold tonight!

Patent_2 NEWS - Drafting Tech application completed, this news is imminet, hence MM’s holding out for last minute muggins from any traders. LTH’s look set to benefit for holding out for past 12months+

Patent update expected to be filed - news is expected:

From RNS this week
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.

QBT is securing its Intellectual Property (“IP”) assets, by filing a number of new patent applications for each new research result obtained.

A patent application on the specific AI techniques developed, will be filed as soon as practical.

ASIC Development and Second Patent
‘Drafting of the technical document for the Company’s second patent application is now complete and implementation on an FPGA is nearly finished.”

The patent_2 filing news is long overdue since SEPT-21 and could drop any day now...:))