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DSFLAT thanks for the reply, we are all here to make money and hopefully recouperate losses as well, we are greatly de-risked, the biggest gains will be on deals and partnerships, short term, and quite possibly if announced in a 7 am rns, which is likely, the sp will open in a vertical line / pre determined market price and it is much more difficult to get on a moving train.
Hop on board now mate for the biggest profit gains, if there is a big delay and the train does not leave you can quite simply get off at no cost as the train will not be reversing whilst sat in the station.
atb.
sharkcatcher there are roughly 900 bitcoins mined every day, we could only ask for a % of the additional coins mined that qbt's algorithm gives as the miners would have mined all their original coins without our help anyway.
purely for *** packet calcs if the 2.6x was applied to all of the 900 ( which wouldn't happen ) then that would give a new total of 2,340, an extra 1,440. so 10% of that would be 144 bitcoins.
lots of factors come in to play, the safeguard system inbuilt to bitcoin would not allow those increased numbers for very long and re align to 1 block per every 10 mins or so. the biggest gains will be from the incremental price rise in bitcoin due to halvings and the difficulty to mine ( akin to moore's law ) in my opinion.
if we did manage to get 2 x big boys on board who between them mined 10% of the total coins and we got 10% then that would give us approx value similar to 270 bitcoins a month. extreme *** packet calcs but 27,000 bitcoins per mth mined x 10% = 2,700 x 10% = 270.
but as i say there are factors in play to keep coins mined linear so difficult to gauge unless as above done for fun.
atb.
DSFLAT, a reasoned post and I have no beef with you whatsoever so a genuine question, I remember that you, like me, had a significant holding approaching 10m QBT shares, irrespective of any losses have you not considered getting back in, even if its just a couple of million.
I say this in all sincerity mate as the sp still under 2p could well add a nought in the next couple of months / as soon as deal with a major is signed. I don't think it is too late to see some incredible rises in the share price and this could well cover and more any previous trading hits.
I came good in GGP but lord knows I sold and traded some huge losses prior in chasing rainbows so I speak from experience and when ARB went from 3.5p to 7p I cussed that I had missed the boat only to see it hit an intra day high of £3.71 a few weeks later. I think we are still sitting in the station but the conductor is waving his geren flag to the driver so hop on if you can.
atb
Jambone if deals are secured on the terms that we get a cut / % profit of 'additional' bitcoins mined from miners, approximately what figure would you put on it percentage wise, I keep hearing 10% bandied about but do you not think FG could command a higher cut, say, 25% - 33% seeing as the miners would not get any bitcoin increases whatsoever without our algorithm.
I accept that the miners have all the costs, electricity, hardware / costs of rigs, premises, staff wages etc. but they would have to run this anyway in their current situation, our algorithm is a plug & play on 'existing' set ups so no extra costs on any of the above.
That said, even 10% for basically an electronic transaction from an infrastructure already set up and which just sits there could be very significant if as FG states we can get the big boys in USA & Canada on board.
atb mate.
Dont forget Peter Fuhrman who joined QBT as NED on 12th September 2022, he has extensive knowledge ( 30 years ) of working with China's Semiconductor Industry so it's my belief that he will provide and assist Vlad with direct contacts and networking links.
He is also a strategic advisor to the board and Chairman to one of China's largest listed high technology manufacturing companies AND to one of Germany's largest semiconductor technology companies!
Additionally huge experience in the USA, Los Angeles in being the CEO of Los Angeles based Awareness Technologies. These guys will work together to extract optimum results for QBT, that i am sure.
atb.
For a position of this significance it would take several months to search for someone with the background and experience that is required of the US Market. I suspect therefore that we are several months further ahead than, as investors, we realise, in that to promote the company via this position you would already need / know / have your 'product' to give to the 'salesman'.
So testing testing testing actually finished a while ago imo.
atb.
This is what stood out for me from both Method A & Method B. " Software module upgrade to commercial mining rigs firmware will be connected to QBT Server..... Activation mode will be as plug & play on existing mining rigs".
So basically connect to QBT Server to plug & play to get the increased speeds of our algorithms. That is massive for scalability imo. The server will be well protected from copyright theft.
atb.
Addi, I think there were a total of 5 companies who are capable of 5nm, Apple (3nm) and TSMC a large company Taiwan Semi Conductor Manufacturer who were on the list, also a North American one. FG stated at the time there was normally a 6 mth - 1 yr waiting list to even be seen or be able to hold talks to be considered for the privilege to be granted access to the world of 5nm but a major contacted FG ( to FG's surprise ) within hours when they saw what QBT had.
I am confident that an awful lot more has been going on behind the scenes regarding talks and possible deals. FG will wait for the right time in putting it all together, possibly starting with the result of the theoretical 2.6 x faster when applied to real mining conditions.
I said it before and I will say it again, I had 4 years of waiting and keeping the faith with GGP because I knew what was coming, I have the same gut instinct here, and that's all that matters to me.
The whole point of an NDA is that apart from the parties involved no one is privy to that information, hence, Non Disclosure Agreement A past RNS did state that there were 2 NDA's with majors in place, it's there somewhere.
Suthy it actually goes on that the US Debt "Would be a boon for Bitcoin price, which has increased by more than 66% since the beginning of the year and is potentially preparing for a Bull Market in 2024. The rest of 2023 is set to note a mid-cycle rally. This makes £32,000 7 $37,800 the next major target as they coincide with the 23.6% and 38.27% Fibonacci Retracement of $67,000 to $20,288.
A nice report from Bloomberg and from a survey, not just their opinion, that investors are preferring Bitcoin to the USD as an asset investment: "BTC has surpassed USD as the preferred asset for investment. This is due to the concerns surrounding the US National debt, as raising the debt ceiling continues to be a matter of discussion"
Bloomberg are well respected on a global stage and it justs backs up an awful lot of recent noise about concerns the dollar is under pressure and not the automatic safe haven it has always been, I actually see BTC & Gold to be considered as asset investments before the dollar, either way it does appear that bitcoin is here to stay and with that the value to rise over time.
atb.
Jambone it will only take 1 miner to come on board and if the market sees the successful increase to the miners original bitcoin rate due to QBT's algorithm then there will be a queue at FG's door, so much so the x valuation will be immaterial to the sp anyway which will not / cannot be held back.
atb.
Thanks guys, I could feel the frustration of the waiting and no news but always believed in Francesco but also realised the sheer complexity of the task and to that effect putting an accurate timeline / date is nigh on impossible. As soon as the speed update came in, and well above expectations, I was transported back to my GGP days and the comparison between the 2 companies of what they both had in relation to the potential to their respective industries. I really did wait 4 years or so and we have waited a good couple on here and I think news will be within a few months and then updates at regular intervals. Jambone completely agree an RNS is better than a PRN but as we are all aware at this stage FG is keeping costs down, which says a lot about his strategy in running a tight ship, that's no bad thing, however, I do expect the next news updates will be significant to the market and therefore released via RNS's.
atb.
Suthy, nothing is guaranteed but I feel so much has been de-risked now that speeds have been announced, and the similarity is that 2.6 x for me is just too big an increase for someone not to want to come on board. We have the halving in 10 months time and the price of bitcoin will probably be significantly higher a bit before then if past experiences are to go by. News of the Patent, and the 3 main stumbling areas of it being granted will be ironed out in my opinion, and that will be big news and our algorithm will be protected from copyright, although I think that would be a difficult and complex process anyway.
Lots of updates due, not all in a straight line, but the end goal will be achieved, not if but when imo.
atb.
The strategy of sitting on ones hands waiting for news, whilst difficult, can be very rewarding. After a tip from a poster many moons ago I invested £55k in GGP ( Greatland Gold ). It was sp 0.5p and I accrued 11m shares. The tip was because there was an NDA with Newmont, a major USA Gold mining company and they had first refusal to a Farm - In, Joint Venture, takeover etc. It was very exciting and GGP came out with good exploratory gold grades and the sp went to 1.3p on the news of the expected first refusal deal coming and 'no brainer' was used.
Newmont walked away and the sp crashed in to the floor ( -74% drop ). My investment went to almost single figures and it was depressing, the vast majority sold out at a huge loss and the usual bb snipers had a fun time mocking the working class investor who was simply trying to make a tough living a little bit easier, but that is life.
I didn't cash in, not a penny. Why? because I believed in the company, I believed in the gold grades which firstly once found could not be unfound, secondly, they were too good to leave alone forever. My belief was someone, someday, would see the grades and come to the table, GGP being an exploration company not a miner.
3 years later the sp climbed slowly back to my buy in price and a tad more, but I made nothing for 3 years on an investment & whilst £55k is not earth shattering it was most of my personal savings.
It was brutal and tough not knowing if my genuine held belief in the company would be a correct call. After nearly 4 years from my original investment GGP announced a deal with Newcrest, not the largest Gold Mining Company Globally but the largest in Australia. It was for a $65m 4 stage investment to pay for all the mining costs, everything, but GGP had to give 'away' 70% of the gold in the ground.
Some investors were narked that they thought they had given away far too much for something which was potentially worth many $billions.
I took a different view that GGP were pennyless and no matter how much gold they had found they had no money to get it out not even a single ounce. The mining facilities alone to process from digging to smelting is approx $8bn, just to put it in to perspective. The going rate to sell in the ground was just $50 an ounce, with retail value being circa $2,000 an ounce so for me to retain 30% of every ounce of gold mined was huge, you just had to look at the whole picture.
The sp did NOT move on the news of the planned JV. It stayed where it was for another 18mths!
I stayed put, sitting on my hands, for what seemed like an eternity. One day I woke up and the first tranche of money from Newcrest hit the coffers of GGP 's bank account. The sp went from sub 1p to 38 pence in a matter of days, possibly a week or two but it was extremely fast. My investment of £55k was suddenly showing at £4m +, many small investors made a lot more! My point? My gut feels exactly the same with QBT, we have had a long wait but 'deals' are not long