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ARB sp peaked at £3.71 ( intraday ) MarCap approx £1.7bn, they only had 500m or so shares in issue.
QBT have double that circa 1bn shares in issue so we would be £1.70 on same MarCap as ARB.
If we as most have stated in the past become as successful solo miner we would be nearing the the £1bn evaluation given to smaller players breaking in to bitcoin scene. That would bring our sp towards the £1 mark. Not too shabby and if we announce a joint venture with either of our NDA Global sized partners the we will be off to the races.
Nothing certain yet but successful results or even a 'stepchange' to the whole current bitcoin industry set up then sp could go anywhere.
atb.
It is easy to overthink and become fixated whether or not we are linked to the fluctuating price of Bitcoin. My take is we are not joined at the hip but have a simple acceptance that as we are, amongst other things blockchain, but also looking to become a solo miner that the price of Bitcoin is relevant as to what size of profit can be made at its current price.
If Bitcoin is $100k and profit is $85k per coin this would be much more favorable to QBT than if Bitcoin is £20k and profit $5k per coin, obviously.
The sp can be about the potential and momentum before the poc actually lands. If any company was looking to get in to a market where the prize is no profit but break even then the sp would reflect that and so to summarize for me the higher price of Bitcoin the higher sp on expectation / potential ( assuming the expectation is realistic, which it appears to be ). Bitcoin price has been pretty flat for a month or so and so are we basically, both having little peaks and troughs.
The final sp on news will be set at the MarCap the market rates our NAV at, nothing else.
atb.
I understand PI's frustration at the waiting but it is important to digest the reasons why the second Patent was delayed / put on hold. As the RNS paragraph below states it was for all the right reasons i.e to make performance improvements to what existed. My point is if there was any reason for a delay then this has to be the best reason and imo welcomed.
"The filing of the second patent for the SHA-256 optimisation has been put temporarily on hold. This is pending results of the performance of potential improvements which the Company believes are an alternative to an existing patent, and within a similar speed and energy consumption order of magnitude. An update on this patent will be released once a decision has been"
atb.
Apologies, misread your post. There are 5 major Semi Conductor Manufacturers capable of producing 5nm, I know Apple use 3nm in their I-Phones but obviously Apple not concerned with Bitcoin Mining. My guess is Qualcomm, 3rd largest, Intel & TSMC taking the No. 1 & 2 spot. Broadcom & Micron the No. 4 & 5 spot.
Apologies again.
Hi mate, Samsung are a South Korean Company, we signed NDA's with a Japanese and a USA Company. We were the only company involved using the annealing technique via D-Wave and therefore one can assume with some confidence the NDA was with D-Wave. The Japanese Company NEC have been in cahoots with D-Wave for some time so a big coincidence imo that is also who the 2nd NDA is with.
The sp will rise on news of any success of Bitcoin mining but imagine if we get a JV / Farm In announcement to work alongside either, NEC MarCap currently $1.4 trn.
atb.
Excellent post Divvy, we reached 0.7p on hype, cant see us staying below 0.1p when both TradeFlow & Syme have their 1st IM under their belt, should be a decent profit for those who take up the 0.05 p share offer.
atb.
It is important to remember that its not just the size of the chip, a 10nm chip can be faster than a 7nm, a 7nm faster than a 5nm depending on what algorithm / programming system is used ( my words ).
There will always be competitors and yes density is one of the most important factor in the chips but Intel are not going to cease production if Samsung take the lead, they will try to better it.
atb.
Just realised today is the 60 days for all parties to file their final written arguments to the report ( May 04th Venice Court Hearing ). Just leaves another 20 days for parties to file their written replies. Then that is it, it will be down to the Courts to reach a judgement.
Even with the slow Italian procedures we will know the outcome before the end of the year, and high expectations of a fair few $m hitting our coffers.
atb.
Guys, am I the only one who thought the update rns on 23rd May was actually extremely detailed of what was going on and what would be going on for the next couple of months or so. If you read it again you will see that FG basically detailed everything he could and the results and patent filing would be done in his words 'as soon as is practicable', not soon.
He stated testing with both Method A and Method B regarding bitcoin testing / experimental mining. He stated about the patents and the delay due to an improvement in performance of the patent they were going to initially file.
He talked about the future of quantum computers having the processing power / number of qubits to cope with our fully sized SHA 256 algorithm.
Re read and not sure what else he could have put in an rns without the results which he stated would be in a few months and that he appreciated our patience regarding this.
atb.
Yes a long slog but the copper grades in the last 2 rns's are extremely good and at surface or near surface, whole % grades are to die for and the price of copper expected to rise considerably near term. The gold grades are not exceptional but could be used to assist costs, as is the norm in gold / copper plays.
We will get a JORC hopefully in a few months and if positive and poroduction given the go ahead then the sp should see a decent rise.
Most likely still a few months to wait but not a lot of point selling now if the expected happens. I have put mine in the bottom drawer as I did with GGP and it paid off to be patient but each to their own.
atb.
Guys you have touched on it and swerv post @12.54 yesterday, FG stated they are having to wait for the industry to catch up and this is in regards to a Quantum Computer having enough qubits to be able to process QBT's latest algorithm so on that score we are miles ahead of what is out there. That for me speaks volumes about the quality and intellectual capability of the staff FG has built around him.
As already stated we are mining with the standard FPGA / SHA 256 chips and that should bring some success but make no mistake if a quantum computer is produced ( likely next year 2023 ) that has enough qubits to handle our algorithm then QBT will be top dog and I wouldn't bet against NEC ( MarCap $1.4tn ) not letting us out of their clutches and a mega deal announced.
I know people are getting impatient but for me a year seems to go in a blink of an eye and I am excited to sit on my hands and see what unfolds.
atb.