Member Info for IgorTheEgor

Jack Dorsey’s Block is on a mission to shake things up in the bitcoin mining world by creating its own custom silicon for mining hardware.

With only a few companies dominating the supply of bitcoin mining ASICs, Block is looking to level the playing field and bring some much-needed decentralization to the industry.

Plus, the company revealed it scored a deal with Intel for a stash of bitcoin mining ASICs, giving it a major boost to accelerate its mining system development and focus on creating the next-gen three nanometer ASICs, which are only accessible to a few companies worldwide.

The chip giant only recently announced that it would discontinue its bitcoin mining chip, and will stop taking orders on October 20. The exact number of ASICs Block acquired from Intel was undisclosed.

Block said it has been in the ASIC design game for a long while, honing its skills by making ASICs for its Square payments processing solutions. Since the start of the project, Block has hired a team of designers that have cranked out some initial designs that are giving the best ASICs on the market a run for their money.

Bitcoin mining ASICs currently on the market are typically made using five-nanometer technology. In the past year, Block finished designing a top-of-the-line bitcoin mining ASIC using this semiconductor process.

A nanometer — one billionth of a meter — is a common measurement describing the size of microscopic features on a computer chip. Five- and three-nanometer technology are among the most advanced manufacturing processes in the semiconductor industry. Shrinking the size results in more transistors and a more powerful and energy-efficient chip.

Block has just greenlit the manufacturing of a prototype for its completed five-nanometer design. This milestone will give the company a chance to try out different design variations, and fine-tune testing on actual silicon.

Next, the company awaits the prototypes’ arrival this fall, which it expects “will be a valuable input into our three-nanometer ASIC development work.”

Block plans to make its bitcoin mining technology open-source, with a view to drive innovation and expand the bitcoin mining hardware ecosystem to new heights.

Good spot Jambone re website changes, put another 20K in my SIPP, bargain at this price.

Just applied to transfer my cash LISA to a stocks & shares LISA via Dodl. When it completes I’m loading it full of QBT 🙌🏻

Https://zycrypto.com/qatar-sovereign-wealth-fund-is-reportedly-ready-to-splash-a-jaw-dropping-500-billion-on-bitcoin/

Fridays volume shattered in the first 30 minutes of trading 👌

Squeaky bum time definitely for the naysayers 🤣

By the way, so many green boxes in the last 100 posts!

40k +5% will get us to 42 😎

It’s the same footer as per the 31 Jul 2023 07:18 total voting rights rns

And today here:

https://m.youtube.com/watch?v=KUO6HJ1alVU&feature=youtu.be

We get a mention yesterday here:

https://m.youtube.com/watch?v=R0eMAxPyTD8&feature=youtu.be

Apr 28, 2023

Jack Dorsey's fintech-payments company Block (SQ) recently bought a large number of bitcoin (BTC) mining chips from Intel (INTC), which will accelerate its plans to enter the mining hardware market just as the chipmaker winds down production.

The purchase will help it bring mining machines to the market as it focuses on developing its cutting-edge 3-nanometer chips. Intel announced in February a last date for the production of its bitcoin mining application-specific integrated circuits (ASIC) in April 2024 as it discontinues the chip.

Block recently jumped on the opportunity to buy a large quantity of these ASICs from Intel, it said in a Friday blog post. The firm was planning on finalizing its design of a 5-nanometer chip for bitcoin mining this quarter and build machines based on that. The purchase means that the team can focus exclusively on the 3-nanometer design, the post said.

Nanometers in chip design refer to the size of each transistor, millions of which are packed together make up a chip. The smaller the transistors, the more that can fit on a chip so it can run more calculations, making for a more powerful chip.

Block's first-party products will come early next year, said Thomas Templeton, Block's hardware lead, in an interview with CoinDesk. Asked about the quantity of chips the company bought, he said it is enough to bridge the time until Block can design and PRODUCE ITS OWN 3-nanometer chips.

Block said it aims to improve the decentralization of the Bitcoin network. When it comes to mining, "the main problem" is "the diversity of manufacturing and supply chain," said Templeton. "We want to make more more tools for more people to build and use. When you dig into mining, the ASIC is at the center of mining."

The mining manufacturing industry is dominated by two players: Bitmain and MicroBT.

In March, Block announced it was working on a mining development kit, which will allow other engineers to create products using Block's chips. This will provide developers with a suite of tools to unlock innovation in bitcoin mining hardware, the firm said. Block is open sourcing this technology and wants the community to contribute to its development, which is why it announced the kit, Templeton said.

Who thinks FG will again roll over his REPO with the current deadline of 31/12/2023 looming?

Or will news come of deals with miner/s🤞and he’ll have the funds to pay the 5000000 shares back at 3.3172p for £165860

Gibson, you missed this part of the placing rns:

The Placing provides QBT with the opportunity to set up its cloud service infrastructure, most likely in North America, to enable the deployment of Method A and Method B as a SaaS product for the bitcoin mining market. We predict revenue will be generated either by charging subscription fees for each mining rig served, or by sharing the extra mined bitcoins, as a result of the miner using QBT’s technology, or a combination of the two.

Rita Maria Rosa Pizzi, QBT Chief Research Officer (CRO), CURRICULUM VITAE:

EDUCATION

1994-1997

PhD in Electronic Engineering, Università degli Studi di Pavia

1987-88

National Research Council

Diploma - Course of Epidemiology, Statistics, Data Analysis

1982-1984

Diploma – Red Cross Nurse

1975-1982

Degree in Physics (110/110 with honours), Università degli Studi di Milano

1969-1974

Diploma - High School (humanities), Liceo Ginnasio Statale Giosue Carducci – Milan

APPOINTMENTS

2022 - present

Quantum Blockchain Technologies Plc, London,

Machine Learning and Quantum Computing consultant

2002-2022

Department of Computer Science, Università degli Studi di Milano

Senior Research Fellow and Adjunt Professor

2008-2021

Major Hospital of Crema (Lombardy)

President of the Scientific Committee

1997-2001

National Neurology Institute "Carlo Besta", IRCCS (Scientific Institute)

Computer Science consultant

1988-1997

National Research Council - Advanced Biomedical Technologies Institute - Milan

Research Fellow

SELECTED RESEARCH GRANTS as PI for the University of Milan:

EU PROJECT ERA-NET Cofund Smart Urban Futures, C3PLACES - using ICT for Co-Creation of inclusive public Places. 2018-2021.

Smart Living Lombardy, Integrated shared ChArge points for Smart buildings - INCASe. 2018-2020.

PRIN (Project of Relevant National Interest) project 2009-2013: Tubulin and homeobox genes: study of the biophysical behavior of microtubules by interaction with ligands.

·EU PROJECT MATEO - RFO Interreg 2005-2008, FlashPOm: Multielectrode Array Optimization.

TEACHING

Since 1985, I taught Bachelor and Master’s courses in: Medical Informatics, Artificial Intelligence, Statistics, Information Systems, Information Theory, Probabilistic Methods, Probabilistic Methods, Statistics for Medicine, Statistics for Nursing, Calculus of Probabilities, Statistics and Data Analysis, Statistics Applied to Epidemiology, Artificial Intelligence and Data Analysis, Informatics for Health Statistics (R Programming).

Doctoral courses:

Quantum Neural Networks, Health Informatics,

Bionics and Computational Intelligence, E-health and social distancing technologies in covid time and for the future of health care.

SCIENTIFIC ACTIVITIES

My research interests are concerned with Artificial Intelligence and advanced computational methods applied to complex systems.

My research activities has been funded by national and international Research Projects, in partnership with Universities, Research institutions and enterprises.

A detailed presentation of the research activities can be found in my personal website http://pizzi.di.unimi.it/

Here are the important highlights from the live conference (will be updated as the conference continues):

https://en.bitcoinsistemi.com/conference-followed-by-the-entire-cryptocurrency-world-has-begun-4-major-us-government-officials-are-announcing-cryptocurrency-enforcements/

In my green boxes, there currently resides: BobsSocks, DSFLAT, Manifesto, EarlofAim, Themaskedsinger, JonnyV, Drizzy90 & MetricsMan.

Https://compoundsemiconductor.net/article/118052/Is_this_the_worldand_s_fastest_semiconductor

The technology that FG needs scientists to theorise and engineer, for the creation of the advanced semiconductors needed for quantum computing, moves a step closer to reality:

“And because these quasiparticles are controlled by light rather than an electrical current and gating, processing speeds in theoretical devices have the potential to reach femtoseconds—six orders of magnitude faster than the nanoseconds achievable in current Gigahertz electronics. All at room temperature.”

Addisonshare

There are numerous other benefits for both the business and employee:

This site explains all:

https://www.vestd.com/company-share-option-plans

£2 million a minute being traded!!

And hopefully Core Scientific to start with, followed by all the other majors!