Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Topped up again and will relentlessly keep doing so.
We shall mine plenty of Low hanging BTCs and become a lovely juicy take over target. Let the bidding war commence when the time comes. All IMO.
In the meantime, GLA genuine QBTers.
Quantum Blockchain Technologies Plc
( "QBT" or "the Company")
Update on Bitcoin Mining R&D
The board of Quantum Blockchain Technologies (AIM: QBT) is pleased to update
shareholders on the current progress of its Bitcoin ("BTC") mining research and
development ("R&D") activities.
Highlights
* Bitcoin mining testing commenced using knowledge-based algorithms
* Bitcoin mining to follow shortly after completion of current testing
* Quantum computing simulations generating positive results, and
* New patent applications to be filed as soon as practicable
Bitcoin Mining
The Company has moved from simulation testing and has started live experimental
BTC mining on its IT R&D platform, using a standard version of the SHA-256
algorithm. The main purpose of the mining activity is to collect real time data
to populate the Company's existing Big Data database, which is then utilised by
the R&D team with machine learning and data analysis tools. The Company is
pleased to report that this development has led to the first two
knowledge-based algorithms, which govern the SHA-256 computation, being
deployed, with mine testing now taking place.
This is the final step of nearly a year's work by one of the Company's two
Machine Learning Teams. A third Machine Learning Team, which started work
earlier this year, to develop an alternative solution to the two Machine
Learning methods, has already delivered some innovative results. Both
approaches (Method 'A' and Method 'B') have a "probabilistic element" approach,
which over time, represents a "deterministic superiority". During testing,
Method 'A' has improved the performance in speed and energy consumption
significantly compared to existing crypto mining hardware. Taking exact
measurements is part of QBT's mining testing programme.
The second knowledge-based mining approach (Method 'B') will need the
availability of a proprietary ASIC chip which, if successful, probabilistic
mining could be improved by several factors compared to today's deterministic
BTC mining using commercial ASIC chips. Theoretical analysis is currently
showing a material improvement, but experimental testing is required to
quantify it on a large number of real mining cases. The Company is, therefore,
assessing its competitive approach using GPU and FPGA chip technology, instead
of ASIC, such is the expected potential of this new approach.
Subject to the confirmation of current testing, it is expected that two new
patent applications will be filed as soon as practicable.
More importantly, the Company expects to shortly commence real Bitcoin mining
using Method 'A', performed on the latest generation of GPU and FPGA.
Quantum Computing
Work on the Quantum version of the SHA-256 algorithm is ongoing, and it is
expected that a patent application will be filed once the Company achieves
theoretical confirmation. Importantly, t
Fully agreed notready1 & Suthy
One robust update with chunky meat on the bone is better than empty but two weekly updates to appease the PI’s. That would be interpreted as bad news and would have adverse effect.
Very happy to wait for the full tests to take place in an orderly manner. The RNS will come when it comes.
GLA genuine QBTers
Good afternoon everyone
Had been quietly increasing my holding grabbing the low hanging fruits so I would like to thank the BTC and the MM’s for creating the top up opportunities. Much appreciated. Every smidgen top up counts. 74.5p will do. Will wait patiently and continue to increase. Look forward to the next pay day to add again.
GLA genuine QBTers
Good read Garwool1. Thank you.
It shows that there is a big race to mine and HODL as much BTC as one can.
The remaining BTC to be mined equals roughly to 85Billion in value (BTC at current $42500). Once the BTC start ascending again, the remaining value of BTC to be mined reaches approx 100Billion (at $50K)
QBT is in the hottest sector and not limited to BTC which is a great advantage for long term investors.
Tesla’s solar plant to power BTC farm, It would be great if Tesla was to buy us out and use our tech to further improve the performance & economy of BTC mining ops.
Have a good weekend everyone.