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AIM-listed Quantum Blockchain Technologies [LON: QBT], an investor in blockchain-related technologies such as quantum computing, blockchain, cryptocurrencies and AI, has announced the appointment of a UK-based international cryptography expert whose specialism is cryptocurrency mining blockchain optimisations.

The identity of the ‘expert’ is not known, as according to Quantum they have requested anonymity, but as part of the one-year service agreement, the consultant has been awarded share options of over 10 million new ordinary shares of 0.25 pence each in the company, at an exercise price of 5p each, which can be exercised between 15 February 2022 and 15 August 2022.

The AIM-listed firm said the hearing for the case at the Venice Court on May 27 has been temporarily suspended as a result of the verbal notification to the Judge, at the opening of the hearing, that one of the defendants has passed away.

WATCH: Quantum Blockchain Technologies presents new company name and strategy to Proactive
CL17, as claimant, is now required as per the Italian code of civil procedure to take a further procedural step, notifying the heirs of the late defendant about the claim, as well as re-notifying all other defendants, which will result in a few months’ delay of the hearing planned to take place yesterday, Quantum said.

However, the group said that the independent expert has valued the economic value of the possible damages suffered by Sipiem at an amount of up to €7.8mln, subject to the Judge ruling that the conduct of Sipiem’s former board and internal audit committee was unlawful.

“Although the independent valuation of the possible damages (of an amount up to €7.8mln) is lower than the company’s valuation of €10.8mln, the company still regards this as a significant result for shareholders, as it confirms the vast majority of the company’s estimate of damages. Whilst the delay is disappointing, the company acknowledges the relevance of this key procedural step and maintains a positive outlook on the result of the litigation,” Quantum said.

New ATH renews faith in PlanB’s prediction of $98K BTC by December
Will Bitcoin break above six figures before Christmas? PlanB’s Stock-to-Flow model suggests $100,000 BTC could be imminent.

https://cointelegraph.com/news/new-ath-renews-faith-in-planb-s-prediction-of-98k-btc-by-december

Lol!

Stated in the interview by FG: “If you have a money printing machine, why would you want to sell it”

However, the recent patent application and the FPGA development indicate that the expert is highly skilled given the short time the company has achieved these crucial milestones.

https://www.asktraders.com/analysis/quantum-blockchain-qbt-share-price-rallied-25-on-key-milestone/

08-Nov-21 09:36:16 4.00 500,000 Buy* 20.00k O

08-Nov-21 09:35:31 4.00 500,000 Buy* 20.00k O

08-Nov-21 09:34:06 4.0675 500,000 Buy* 20.34k O

"We will soon be ready to start the design of our ASIC Bitcoin mining chip which, on paper, already outperforms, in speed, the current best in class
ASIC Bitcoin mining commercial solution. This significant improvement is before the implementation of the new optimisation from ASIC ULTRA Boost and we are confident that our second patent application, which is under development by our cryptography expert, will add a further radical
improvement to the process, including also a reduction in energy consumption.

https://twitter.com/buzzardstubble/status/1456925193125957636?s=21

CFEP used to have an EMS of 250k.

Today they have aligned themselves with the rest of the Mm,s@ 150k EMS.

Will get lower EMS by Xmas

Quantum Blockchain Technologies PLC (LON: QBT) share price rallied 25% after announcing that it had completed a crucial stage in developing a new Bitcoin mining technology.

The blockchain technology company said that it had completed the first phase of its FPGA (field-programmable gate array) and was ready to move to the second phase, developing the prototype of its ASIC chip.

The company is moving closer to its ultimate goal of developing cryptocurrency mining technologies that are faster and more energy-efficient, which could revolutionise the entire industry.

ASIC chips are manufactured in two steps, the first being the development of a logic gate architecture used by the final ASIC chip. The logic gates are usually built on a cheaper but slower chip known as an FPGA containing predefined functions.

The next step is to customise the chip’s design and manufacture a prototype in a small batch to minimise costs. Finally, the company then manufactures the final ASIC chip, which is usually an expensive affair.

Quantum Blockchain has now completed the FPGA process and is moving on to manufacture its ASIC prototype.

The blockchain company said that its ASIC chip could outperform the fastest ASIC hip currently available by as much as 24% based on internal tests. The firm also conducted AI tests, which show that its FPGA could become a powerful Bitcoin mining machine.

Francesco Gardin, Quantum Blockchain’s CEO, said: “Our R&D has delivered some very impressive results in a very short time: in only four months since the programme commenced, we have filed a patent application where we believe the ASIC ULTRA Boost has improved the standard mining algorithm, after five years of little or no progress following the publication in 2016 of the ASIC Boost paper.”

Adding:

“We will soon be ready to start the design of our ASIC Bitcoin mining chip which, on paper, already outperforms, in speed, the current best in class ASIC Bitcoin mining commercial solution.”

Quantum Blockchain’s R&D efforts are led by an anonymous crypto expert hired by the company months ago, whose identity was withheld, leading many to ignore the move.

However, the recent patent application and the FPGA development indicate that the expert is highly skilled given the short time the company has achieved these crucial milestones.

https://www.asktraders.com/analysis/quantum-blockchain-qbt-share-price-rallied-25-on-key-milestone/

"The Company's new R&D IT infrastructure, which will also allow for Bitcoin mining tests to be carried out, will be operational in five weeks' time. "

https://twitter.com/ZaksTradersCafe/status/1456581832053559296?s=20

Traders Cafe with Zak Mir: Francesco Gardin, CEO and Chairman Quantum Blockchain
Zak Mir
Zak Mir
Traders Cafe
11:18, 5th November 2021

Zak Mir talks to Francesco Gardin, CEO and Chairman Quantum Blockchain in the wake of news that the company's first phase of the FPGA development has now been completed.

HIGHLIGHTS

Disruptive Bitcoin mining technology development is well under way

QBT researching multiple routes to faster Bitcoin mining

Bitcoin algorithm core architecture for an FPGA chip has been selected and modification completed

To keep costs low, initial testing performed on an FPGA chip

Architecture design work for ASIC prototype to commence before year end

Testing will commence on the final design of the more expensive / faster ASIC prototype chip by end of Q1 2022

Ultimate goal is to produce an enhanced 7 nanometers (nm) ASIC chip

Early internal calculations show a final chip that could perform 24% quicker than current best available ASIC

figtree99

30 Oct '21 - 13:05 - 1464 of 1491

Research into northern italy
- crypro mining
- energy saving, hydros,

see if you find anything?
There is mining company doing this, known as third party deal, but not using the ASICBOOST energy saving special chips right now. You get my point Atlanta.

That could be the 1ST bid deal for QBT, or 1st partnership deal close to it’s quarters. FG is well connected in northern italy, that is a given.

Watch this space.
Fig.

figtree99
30 Oct '21 - 12:31 - 1462 of 1491

Busy weekend here, but briefly...
Q4-Q1-22 news and there is a lot of news expected in 2022 on mining tools/devices being worked on, read the above header on the thread, if everything fruititions, there will be eventual revenues, upto 8 patents for green mining could trickle one by one. TBD.

Propriety Mining may have started already, we don’t know? TBC
Funding won’t be an issue, there are good options. Been over that already on here yesterday. JS will bridge finance if ever needed, as we await case judgement and CEO will pursue/ seek new partnerships short-term and more RnD successes will lead to more UK/ international patents filings for ASIC and FPGA chips + other new announcements. TBD. I think 6-8 patents maybe in the pipeline. Source CEO “many more patents” in pipeline

QBT has a carefully laid out strategic and financial plan, through an agile IT methodology , if the company can get over, survive and re-invent itself over the “great covid pandemic” the “crypto crashes of June 21” and “around govt crypto concerns for greener regulation” concerning BTC green mining, and win 2nd court cases in Q1-Q2-22, we have the tools and resources and finance to do something amazing.

The btc market circ. will also grow exponentially to £110bn+++
Masses will want to mine their own coins.

QBT can achieve great success in a huge growing market, the rest will play out, maybe a buy-out. Lets see. One step at a time. Feet firmly on ground. We are just begining to see the best newsflow now.

What doesn’t break FG, makes FG.
I totally back CEO and Crytographer Expert to disrupt the status quo in 2022.
2022 is 60 days away.

The Company has also started to implement the first set of optimisations on
FPGA, expecting early completed versions of the FPGA to be ready by the end of
October 2021, while the optimisations covered by the above-mentioned patent are
due by December 2021. ASIC development work is expected to start in parallel in
October 2021.

27-Oct-21 17:06:55 3.70 5,000,000 Buy* 185.00k O

figtree99
27 Oct '21 - 22:49 - 1282 of 1284
0 7 0
Make Your Mind Up Time
Q) Do I Buy now-Q4 Versus Q1-22 and pay much higher entry?

QBT is still a tiny blockchain, small market-cap and dvelopments underway past 4months, moving rapidly forward, aggressive RnD investment program in operation, and according to CEO to grow and cause “disruption” in crypto mining sector as news from RnD ASIC CHIPS results trickles through, with many more “disruptive” patents in pipeline, greener-mining solution ambitions to fruition PLUS bonus of 2 legacy court cases in process in Q4+Q1 =£m’s for QBT, Quantum AI dwave, N-italy infrastructure site- completion PLUS ‘partnerships” is QBT CEO’s short-term- plan (per transcript from Proactive video), which would assist sp to new heights.
Additionally Crypto Consultant-International Expert: BTC Optimisation has 10m options Feb 15 Exercise date- set at 5p and others @10p...That is Enough for now!

The question on many investors and speculators mind is do you sit on laurels, watch, wait like a numpty at sidelines and buy-in when concrete news flows on chips +miningtech and BTC/ ETH mining dvelopments and pay premium:10p-15-20p+ when everything is hunky and rosy, fully funded, cases resolved?

VERSUS

BUY now, fill ya boots at early stages, low-entry while the sp is still affordable under 5p?

Answer is always simple IMHO;
A) The “early worm” entry-point is always the best way forward, for 20 x multiples else you pay 5 times as much in Q1-22. Make mistakes even. I.e Overpay with FOMO.

Buffett old school advice still works to this day: BUY low and SELL high
this is oldest rule in investment manuels.

Don’t believe the BSxxx, of ole #JackChal. PP=Delacy
They are filling boots in the background but telling ‘investors” to wait..

“RIGHT PARTNERSHIPS” JV Agreements, Collaboration -Short Term Plan TBD.
—————————————————
GPU - 9.56% SPEED IMPROVEMENTS + PATENT FILING
—————————————————
FMPG CHIPS: AUG 21. ++1ST IMPLEMENTATION++
Implementing the 1st set of optimisations on FPGA
Early completed 1st versions of the FPGA chips due by end of Oct 2021*
Optimisations covered by the patent being filed are due by Dec 2021*
*Based on the performance achieved by the FPGA chip, it may be decided to use it as the “Company's first mining engine” -TBD.
————————————————-
ASIC CHIPS: OCT 21 ‘DEVELOPMENT WORK STARTS’
————————————————
QBT PATENTS EXPECTATION - “License Out Approach”?
Multiple intellectual property processes, new hardware devices to be patented +licensed-out, used by QBT itself to generate revenue through royalties.
-No of Patents filed internationally - 1st proposed TBC weeks away.
-License out IP to corporations? TBA
————————————————
Quantum computing also in parralel to above programs out of box solutiion
DWAVESYS and Cloud Platform and Quantum Advantage App.Update soon.
RNS AUG 18TH 21 - LATEST CEO STATEMENT from FG:
QBT is looking to be a highly disruptive influence in the circa £75 billion* market of approximately 2.21m Bitcoins yet to be mined and we believe that the past few months of intensive R&D will be crucial to achieving this. Our strategy for Bitcoin mining is knowledge intensive, rather than capital intensive, based on the unique, combined interaction between our human experts and our innovative AI systems.

* at the current market price of US$46,400 per Bitcoin = Aug 18th 2021
NOTE: Aug 21st BTC = $49,800 =circ £80 Billion market size ??