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Jambone, regarding ARB I found it incredible the huge new building, the size if a small country, to house floor to ceiling mining rigs, brute force not intelligence, was built in one of the hottest US States, namely, Texas, so forget the electricity needed to power the rigs the actual energy needed for cooling on such a scale would have been off the wall, it was a dead duck even before completion. To that score the ARB CEO totally got it wrong. In comparison FG comes across as a wily old fox, there are sometimes advantages to being in your senior years, wisdom being one of them.atb mate.
Just to clarify, FG has stated we are in advanced talks regarding the designing of a chip, he has not mentioned a Tier 1, that's my take on companies large enough to produce 4nm semi conductors with costs coming in at circa $100 - $200m.
Notready, totally agree, absolutely nothing can be ruled out, however, if I was a gambling man, to which I am not, I am coming down on the side of deals with some of the majors and a continuation of designing our own Asic chip with a Tier 1, which is also in advanced stages.
Whatever happens it looks as though we will be heading in the desired direction of sp uplift.
atb.
Addison I welcome anything that makes us all a lot of money, but with scientists & most geologists their passion is not just money, its about succeeding on a personal level, a goal, and I think FG has that in his constitution. But yes a lot of possibilities.
atb.
Anything is possible but just can't see it myself, to do all the hard work, and that's an understatement, to sell on the cusp of generating revenue in the millions. May not just be FG's decision but i do not underestimate the drive and passion of the man who wanted to be "the fastest bitcoin miner on planet" to quote his words. He will not relinquish the reins lightly in my opinion.
atb
So how does a buy out from 1 Major work if QBT are in "very advanced talks with most of the Majors", ? We do a deal with one and tell the others to clear off? Don't think so, FG stated he will not sell the GOOSE that lays the golden eggs.
He will sell the eggs in my opinion.
atb.
Suthy, Wasn't correcting you mate but my point I didn't emphasise is all 3 of those have stated their intentions to be involved in spot ETF's. Just 1% of $11 Trillion is $110 Bn, most fund managers put in 1% - 3%. If SEC approve just 1 Company then others will surely follow given the size of the beast.
atb mate.
I think deals. A couple of podcasts ago FG was asked what he expected the next news will be, he replied along the lines of 'He hoped it would be partnerships with 2 of the big boys' or words to that effect. This suggests deals are made 1st in my opinion, albeit servers being sourced at the same time.
Hi Jambone, i'm just wondering what shareholders thoughts are to which revenue stream is their preference. I personally think we will optimise income if QBT go down the extra bitcoins mined route as opposed to charging a subscription per rig. The reason being that bitcoin looks to steadily increase in price from now on especially with the halving so each rise will see extra funds to our coffers even with the same amount of coins mined. This would not be the case if we charge a subscription per mining rig.
That's how I see it and canny Miners may well agree it's in their interests to go for the rig charge which will probably, once set, remain fairly constant. Just my thoughts, interested in others take on this.
I know FG said it could be a mix of both but I really like the idea of obtaining bitcoins indirectly from all partnerships and without doing any 'donkey work' ourselves.
atb.
Nice to see us at 2nd place on the AIM Risers Board. Many people view just to see what companies on there are about, so free advertising. I don't think we will get to No.1 spot because that is Crimson Tide ( TIDE ) who are currently up by 10,222% ( over ten thousand per cent )against our 18.95%. Her's hoping....
:¬)
I second that, credit where credit is due to Fleccy, I had no idea regarding latency could have such an effect, just shows the nature of the beast that is bitcoin and hence why FG states the set ups will most likely be in North America to reduce distance, even at the speed of light!
ATB.
Correct me if I am wrong but is not the person who is responsible for QBT Server / code security the person who was in charge of Cyber Security at Capital One Bank.
If so then I think we are in safe hands, also I think a team of 20 who have been responsible at producing something no one else has done globally might just also have some input on product security.
Account for approx 70% of all bitcoins mined, so whilst it will be excellent to have a partnership with HIVE / CORE / Mara / Bitfarm etc lets not forget how advantageous it would be for Mining Pools ( and QBT ) to just be able to connect via a Software as a Service server cloud application.
I do believe we could / should look at a wide a customer base audience as possible.
Bond / Suthy, the all time record rise that i experienced was GON when it came back from suspension, 6,000% People were locked in when it was suspended and a lot thought that was it, then it re-opened at a multiple of 60 x. The sp line was vertical with no chance of buying in. It went bust a couple of months later or thereabouts ( from memory ).