Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
The last R&D update stated:
"Update on the Porting of Method A and Method B onto commercial mining rigs
The porting of Method A and Method B onto commercial rigs has proven to be very challenging. The R&D team is currently testing different solutions for the final stage in order to deliver a fully reliable product. An exact date for market roll-out cannot be provided at this stage.
In the latter part of 2023, the Company selected two target mining rigs for the porting of Method A and Method B including a Chinese machine based on the BM13XX family of ASIC chips.
Transferring the Company’s documented laboratory test results, in particular Method B, to use in conjunction to a commercial ASIC chip, has proven to be challenging and further work is currently ongoing. Due to the very specific, architectural choices in the Chinese manufacturer’s design of BM13XX chips along with no formal collaboration between QBT and the manufacturer, the Company first needed to understand the architecture of the chip and how to best implement Methods A and B. The R&D team is testing different solutions for this final stage in delivering the product, however the exact date of delivery cannot be provided at this stage."
What are the odds that QBT's Method B will achieve 160% probability improvement in real world live Bitcoin mining?
My personal view is that in the live BTC mining world, the odds are against QBT's software replicating results achieved in the lab; My reasoning is that the Bitcoin network difficulty and hashing power skews the odds against QBT achieving their goals. If it's possible to achieve 160% probability improvement using software, then you'd expect the miners with their billions of investment in infrastructure would have also researched any possible efficiency improvements using software.
I'm not saying QBT wont achieve their goals, I just believe the odds are against them.
A legend in his own mind. His crusade is more likely to raise his own profile and grow his brand, since brand means money in today's dysfunctional financial world. His crusade is probably earning him a fortune, or will do in the future. He applied to the House of Lords for a peerage and was turned down, I think that demonstrates his ambition and motivations.
https://www.dailymail.co.uk/news/article-11903869/Martin-Lewis-says-wont-applying-join-House-Lords.html
It depends on how they decide to distribute the dividends going forward, if they decide to move to one payout per year, they might leave the next payout until the Final which would mean no further payouts in the current Financial Year. If they decide to split the dividend, along current lines, then there'll be an interim payout around next February.
It's undeniable that the FTSE100 is doing wonderfully over the last 5 years, for anyone betting against it!
https://www.google.com/finance/quote/UKX:INDEXFTSE?comparison=INDEXDJX%3A.DJI%2CINDEXDB%3ADAX%2CINDEXEURO%3APX1%2CINDEXSP%3A.INX&window=5Y
Halifax do apparently offer a Bed & ISA service. Whichever method you use, you have to sell your shares in the standard account and rebuy in the ISA, so stamp duty applies.
What is BTC?
A manufactured (fake) commodity whose value is based entirely on belief.
It has no real World use and is inefficient as a means of financial transacting.
The scarcity narrative is fake, since its evolution is determined by the developers; They can subdivide Bitcoin to infinitesimally smaller tokens, or override the 21 Million limit should they wish too.
As far as the 21 Million limit it wouldn't be reached for at least another 100 years, based on the 10 minute per block rule, but the Bitcoin reward reductions would destroy the mining industry well before then in the absence of an ever increasing Bitcoin price.
As the Bitcoin price gets higher, the more resistance it'll encounter, due to profit taking, with small downward moves having the potential to cascade into a stampede for the exit.
Like religion, Bitcoin's valuation is based purely on faith; Most cults eventually fade into insignificance.
Pas maybe the large number of ticks up, for comments raising doubting QBT's chances of success, are from bystanders who also doubt QBT's ability to commercialise their products.
Although QBT have advised that they're currently live testing, as far as I can tell all the previous clamed probability improvements have been based on test data in a lab environment. Because of the massive hashing power of the Bitcoin network and the ever increasing difficulty level, QBT's product will have to run on extremely fast servers in the case of SaaS and be close to the customer to reduce network latency to a minimum. Bitcoin mining is all about speed, which is why the farms have spent Billions buying up rigs to increase their brute force hashing power; QBT aren't the first looking for ways to speed up the process, people are right to be sceptical.
Anyone else find Windmills of your mind slightly depressing? Here's the cure:
https://www.youtube.com/watch?v=u7e7YnsB9Jc
This thread appears to be going around in circles, it reminds of the song Windmills of your mind
"Round like a circle in a spiral, like a wheel within a wheel
Never ending or beginning on an ever spinning reel
Like a snowball down a mountain, or a carnival balloon
Like a carousel that's turning running rings around the moon
Like a clock whose hands are sweeping past the minutes of its face
And the world is like an apple whirling silently in space
Like the circles that you find in the windmills of your mind!"
https://www.youtube.com/watch?v=WEhS9Y9HYjU
Easier to just agree on what share buybacks do achieve as long as they aren't paid for using debt, which is to increase Earnings per share and reduce the dividend bill where dividends are paid, anything else is down to market sentiment.
Is this what you're talking about BrewHaHa?
https://bitcointalk.org/index.php?topic=5489252.0
Daniel you're correct, if the price stays around 70p after the share buybacks then the market cap will fall dependent on the number of shares cancelled. I'm not completely against buybacks, in Vodafone's case I actually agree with the strategy as long as they also embark on a significant debt reduction strategy. The only reason I mention debt is because it's a recurring theme used to beat up both Vodafone and BT, if they operate a policy to pay down debt as it matures over the next 8 years they could knock €30 Billion off the Gross Debt figure.
https://docs.google.com/spreadsheets/d/e/2PACX-1vRA1ndHTf_Bz7O_moDxmcbWnEtcusZucUu6lEJvm3O4mGooeH4ErFjRqot3RQHBaVXCgoUED1k2CUVK/pubchart?oid=1681133451&format=interactive
"Bought a few more today at these giveaway discount prices"
It's only a "giveaway discount price" if QBT manage to commercialise their products, I would think the next twelve months will be make or break. I'm not a betting man but the odds of QBT's success are low in my opinion, what they're trying to achieve is something that's eluded the rest of the industry since Bitcoin became a thing, and when you look at the potential rewards you'd think the miners would have already found an alternative to pure brute force if it was possible.
Anyone else noticed a flood of old stories being released by PYMNTS.com, for Openreach and BT searches, on Google news? Apparently they're a subsidiary of "What’s Next Media & Analytics" whose HQ is in Chicago, Illinois.
At least it is currently. Lloyds has left the Asteroid Belt and is on a positive trajectory.
https://www.youtube.com/watch?v=dHfvqloLfHY
Anyone else think Charlie Nunn is the Emperor?
https://images.app.goo.gl/YMWSGnTdUkfqu98y8
The probable reason BT don't issue more guidance, is because anything they say is jumped upon by Ofcom or other CP's. Look at the regular slighting aimed at BT by the Altnets, with nothing said, and look at the what happened with Jansen when he made his "end in tears" comment. As a regulated entity BT have to keep their cards close to their chest, since any comment they make is used as a stick to beat them with.
As far as BT's plan with reference to cost savings, FTTP/5G rollouts, building closures, etc, I think they've been as clear and upfront as they can be.
Share Buybacks increase the Earnings Per Share and where dividends are paid it reduces the dividend bill. Theoretically the market analysts should look favourably on a higher EPS, which should feed through to an increase in the share price, but market valuations are currently driven by narrative and momentum, not fundamentals. As an example Lloyds was 41.19p on the 13th Feb and is currently 53.96p, an increase of 31% in 2 months; Lloyds share price increase isn't being driven by share buybacks, it's being driven by a narrative change around the banking sector and momentum.
The analyst community have been bashing Telecom sector stocks for a long time, at some point the narrative should change and the prices should benefit from the same momentum phenomena that's benefited other stocks and sectors.
FTSE Blue chips shouldn't move 30% in a few months on the back of nothing, it highlights how the market players/gamers can move stock/sector prices just because they decide to.
"Shares of BT Group appear heavily undervalued and "ripe for a major re-rating", JPMorgan Cazenove said in a note on Thursday.
The bank, which rates the stock at 'overweight' with a 290p price target, said BT's equity story remains intensely debated."
https://www.lse.co.uk/news/BT.A/bt-group-shares-ripe-for-a-re-rating-says-jpmorgan-cyzvdetrjgndurx.html