insight through my eyes as always5 Dec 2022 15:42
Hi All,
Its been a while, I am just going to drop the bomb here from the view of insightking. an RNS will drop circa 2 weeks.
FG has got a licensing agreement with a mining firm who have supplied him the S19 antminers to run his test on to which they will go on to issuing the software to on the basis the results are met at 20-30%, which is an excellent start. Please bear in mind the software is always being adapted and will only improve with time as the team discovers additional methods that prove beneficial when integrating with the existing SHA 256 configuration (hence why we have multiple method; A & B).
A revenue stream will be generated via licensing out the software by attain a % of BTC or altcoins mined. This is why the statement "I cannot comment on this" was made in the audioboom/VOX interview.
QBT have two NDA agreements in the background to manufacture the 5nm chips which will go into production next year.
Lastly in regards to those that were disheartened by what alot of people believe to be a hyperbole statement by FG in regards to QBT being able to mine 1000x faster need understand this will be achieved with quantum computer, not the chips. the current system we are operating of is supplied by IBM and IBM have recently made it very aware that they are looking to get into the mining space. I would also like to remind everyone that IBM is an Amercian based corporation..... I will say no more but allow the readers to maybe look back at a few RNS to figure out why I have mentioned this.
Kind regards,
InsightKing