Member Info for FigTreeHarry

Definatley alligned with BTC.
BTC moved up
QBT moved up

RNS on mining engine / N-italy site and ASIC development will be the catalyst for next trajectory north..
A solid update, but we are in good hands with International cryprographer expert and self-motivated working team, that gives reassurances. Young crypto brains that is exactly what was needed here, crypto is a young generation creation.

https://cointelegraph.com/news/bitcoin-price-hits-1-week-high-in-minutes-on-sudden-1-5k-gains

Something is happening out there...
Suspect a blue finish.
Hold for gold.

M99
This was a sudden move up, didn’t see it coming.
So what are the projections for Nov and Dec?
I forgot the poster who posted the top analysts chart data. If he could post it, would be great.
$70k seems next on cards from $67,000

Where did that come from....??!

$63,500

DSFLAT,
Enjoy reading your contributions here.
Just want to say thank you.
Always a different perspective and efforts on your part.

To digress, ASIC development is likely started, on FPGA, which we could start using as our first mining engine after testing is completed. I would rather they did this properly, we all would. Patience is a virtue, as they say.

FPGA mining engine would make use of the new generation of FPGA chips capable of delivering high hash rate power at much low power consumption. “Optimised and tested” to save and improve as much as 20% potentially? Yet to be announced.

The multi-algorithm mining engine would likely be capable of mining bitcoin, litecoin, ethereum, and monero?
What is your take?

Thanks

Reminder
FG is busy with a legal court hearing next week.
Ever had a multi-million case and sat on your laurels. That’s how you lose a case.
I’d be busy, going over every detailed matter.

Devils in the detail.

MM’s Excepting volume to increase or rather volumes have started to increase in QBT already...

Money to be made. They are sniffing it..

This list is the real hallow’ en...

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 8 patents: TBC
* ASIC X 4: UK/International - Algo-Sha256+ ETHhash - TBC
* FPGA x 4: UK/International - Algo-Sha256+ ETHHash - TBC
* Is Algorithm-ETHHash: optimisation next mining patent to be revealed? TBD
* QBT Blockchain Validator ? TBD = early 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.
*FG: QBT to use “hydro-electric power” at North italy site for mining? Could offset and save electrics further. Achieve “green status” on several fronts. (Source: CEO strategy- RNS Feb)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 right Partners/ JV announcement? TBD
October - ASIC CHIPS “development” commencement? TBC
October - North Italy site infrastructure deployment completion? TBC
October - DWAVESyst Quantum 2Apps: Leap and Advantage - Cloud progression TBA
October - Deep Learning/ 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 -FPGA chip implementation update to market for Aug -Jan progress
January - Does QBT mine using FPGA mining machines?
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 NOV-MAR 2022
Warrants EX @2p - will JS exercise if sp has risen above 2p - profit to be taken
At 5-10p? - potential capital raised £1-2m max resolving any cash concerns - TBD

Feb -May 2022
Finance/Cash injection into QBT: 3 sources for new capital/ cash: TBC
JS Ex 2p warrants = a portion of £2m -TBD
The court case proceeds: $7.8m max (70%) still great. Imo.
New JV/partner would likely injects cash:£1-£2m - TBD - who is our first partner??
May - Rnd team - 5p stock options Exercisable in May -TBD
———————————————————
In addition to the news BTC could rise from $48,000 - $100k+ if bulls win: (TBD)
Increasing the Circ BTC Market sector alone: from £75billion to £150Billion.
BTC has surged from $46k to $66k already...

Spot on here.

Rachelsdad,

So we had 1-2 postponements, in June ? the independant assessor did his assesment work and reduced the intial €10m amount, to his calculations, and stated a fair award to be equal = €7.8m that was 6months ago.

Here we are....in Nov 10th.

The long awaited Court Hearing is now just “7 days away”.
This is a milestone in QBT’s young history.
Both parties will be heard by Judge.
It is more than12months late (with the pandemic incl)
FG is highly positive that is what matters, he has won cases before.
And any award will be in late Q1 if successful max= €7.8m
We are comfortable with this. End of.
2nd court case on Mediapolis still to follow in Q1- TBC by FG = €20m potentiallyy reduced from €36m valuation.
There is still news expected from BOLOGNA Court. FG should update on this in Q1.

Case1 - Get it over and done with!!!

Last major - business operations announcement was AUG 18TH.

Market makers know NEWS is going to drop anytime, they need small twitchy, impatient, desperate Ted’s to sell, but sellers are done. To get back in you have to pay the going rate i.e. much higher.

NO ONE will want to be out now.
5p-10p will arrive if the news is great.

26k versus 17k sells

14.42pm

None of this bothers me. Not trading.
I’m just sitting on the dock of my bay and watching the tide go bye...:)

Source: Aug 18th and 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”

Anytime means anytime...

#jackC .....

Writing career cant be doing that well, if you’re that desperate to buy QBT.

Blue all day long...

2:1

20% rise and we enter breakout today....10% away.

Thereafrer 5p...10p .

Nothing surprising if hit 5p now, unless you missed buying in, or sold out, you will be holding your underpants >> down<<
Same old investors, who don’t listen, and think they know how the market works.

They dont.

This FT article explains how significant the work QBT is undertaking through their RnD programs. This industry is crying out for - breakthrough solutions such as “ASIC chip ULTRABOOST” The urgency of a breakthrough could not arrive fast enough. Electricity prices are going through the roof in 21-2022.
QBT RnD on greener mining tools has “doubled in significance”

BTC - Energy consumption and what a “energy saving breakthrough will do”.
“POW” proof-of-work is mentioned in FEB RNS.

QBT aiming to be disruptive in BTC mining sector - changes the game. A minimum 7% saving is huge, collossal in this mining business. Could be higher. Savings on FPGA can be much higher20%-35% potentially, according to paper I posted a while back.

The FT May 2021 - BITCOIN ENERGY CONSUMPTION PROBLEM

https://www.ft.com/content/1aecb2db-8f61-427c-a413-3b929291c8ac

“bitcoin accounted for about 80 per cent of the market capitalisation of “proof of work” coins, of which an estimated 500 exist, and about two-thirds of the energy. “Understudied currencies add nearly 50 per cent on top of bitcoin’s energy hunger, which already alone may cause considerable environmental damage,” the study claimed.

A must read article if you are invested in QBT. The article aims to explain the significant problems with BTC and energy consumption, and the need for solution driven companies, to be “highly disruptive” to break the cycle to a greener coin, greener mining.

This tell us why FG’s RnD work is so valuable and significant right now.
Demsey is also mentioned from Square, who incidently wrote a white paper also!

Thanks Cadellin for that article!!
That’s given a boost to my sunday.
Gets a thumbs up emoji.

JonesR,
A small task for you this week:
QBT - currently listed incorrect sector on LSE stock excnahge

The sector on LSE stock exchange should read = softeware / computer services
imo since we changed to a Quantum Technology co in feb incl name change process.

Ping QBT admin to update the LSE -exchnage then it will pop up in correct sector when investors search for blockchain stocks.
Has to come from QBT

Thanks
Fig.
If you have time:)

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”