Member Info for lemmyaquid

Bob

Where did you get the info that prompted you to claim that QBT have given Intel their software?

Jambone

Whilst I have little doubt that Jack Dorseys plans could offer up a huge opportunity for QBT, that is all a little bit in the future in comparison to the current task, which is surely to sell the SaaS offering to those miners who use bitmain products (which comprise a large proportion of miners).

Especially in this context, do you not think that any discussions between Dorsey and QBT for QBTs software to be directly incorporated into Blocks Asics, (that may or may not be happening), would be considered extremely commercially sensitive information. And for obvious reasons.

Even if such a collaboration were being discussed, I would not expect any public disclosure from either party until at least such time as Dorsey is ready to release his new miners to the industry.

So whats your agenda the Steamy?

I was just thinking that any negotiations with a select group of miners might have an exclusivity aspect. Announcing a deal with anyone else at this point could possibly muddy the waters.

Still all just conjecture.

It does indeed seem to be a no brainer to approach the users if the Intel chips as a quick source of revenue.

The only reason that I can think of why FG might not want to do this at this stage is if it clashes with some future or ongoing strategy of building up a relationship wit a particular select group of miners, a strategy that I think he has previously mentioned.

All purely conjecture of course

Sorry, a bit supercillious that was (did I spell that right?)

QBT are essentially a (very specialised) software developer whereas Argo Blockchain mine bitcoins.

Argo, &/or companies like them are potential custiomers of QBT.

QBT arent a Bitcion Miner

If all goes to plan, this weeks gains are just a little preamble, a tentative dip of the toe into the water.

They would have to stump up enough to persuade LTHs to sellup on mass. Interesting times.

My point is, I dont think the board will want to sell at the moment.

That would mean that the only takeover prospect woulf be hostile, ie: a predator effectively buying up suficient numbers of shares to take over control of the board. It would mean a bidding war for QBT shares.

Thinking about the future potential that would be lost in the event of a takeover makes me think that any potential takeover bid would have to be hostile.

Yes, but not just the Quantum mining project, Methoc C , the advanced Asic chip project is also within reach, especially if bolstered by copious funds from methods A &B.

An asic chip and a deal with an asic manufacturer will be another layer of profit, and will effectively in time superseed Methods A & B as they stand.

If QBT is taken over, the supposed cherry on top of the cake, the quantum mining project will also be part of the deal, and lost. Better just to sell the rghts to Methods A & B for the right price and maintain independence if FG and co want to stay in the quantum game.

You need to visit specsavers, that was no bull, it was a Unicorn

Thats right, its already happening.

*sufficientlypowerful Quantum Computer is developed.

Wrong.

QBT have never claimed to be developing a quantum computer, so stop misleading people.

QBT have/are developing a quantum programme ready for use when a sufficiently powerful is developed, most likely by IBM or others.

The problem, as I read it was that the miner wanted the source code for the QBT software.

Regardless of the motivation of the miner could you imagine, or approve, of QBT handing over the blueprints to all of the results of their research, their products?

Can you really imagine "ALL" miners agreeing to ditch thirds of their asics?

And if they did, they would all be constantly looking over their shoulders in case anyone broke ranks, which sooner or later someone would.

Jambone

I suspect that might work, as long as the combined hashrate of the top 10 miners is not (and does not become) too large a proportion of the global total hashrate, allowing the mining difficulty to remain reasonably stable as the miners who do not have the enhancement fall away, thus freeing up the hashing capacity that they currently use.

I think that makes sense.