Member Info for miker444

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.

Suthy, Blackrock have nearly $11 Trillion, Fidelity $4 Trillion, Invesco $1.5Trillion to name just 3

:¬)

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.

Just seen its down to a consolidation, oh well it was a nice thought while it lasted.

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.

Which is we have gone to Saas, software as a Service, do you honestly think the Chinese would adhere to the patent anyway? Better to have it cyber protected in my opinion than a piece of paper.

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 ).

NVIDIA. I'll take that F1 !

:¬)

Semi-Conductor Companies, easy to overlook the current situation, this is not the only possible catalyst we could have before Xmas.

Francesco did state in a recent podcast we are at an advanced stage in talks with a semi-conductor company. To the effect that the 'market' would be surprised as to the identity of said company. Therefore I viewed that as a 'new kid on the block' and at the time Google came to mind. It may well not be them as that is purely a gut feeling but make no mistake if we do a deal with a Tier1 sized company regarding production of semi-conductors programmed with our algorithm then it beggars belief where the sp could go.

atb.

An awful lot of people view the Risers & Losers Board, this is excellent free advertising if you make it on there and at the top, usually they will then look up the Company to see what its all about.

Anything that is free advertising and spreads the word to a larger audience is to be welcolmed.

atb.

With Chudditch-1 and the NE / SW /Quokka prospects containing 3.2 Tcf recoverable from a 30 meter column then just how much could the Chudditc-2 reservoir contain with a column of 103 metres. Looking at the latest presentation charts not only is it 103 metres in depth but it maintains this depth for nearly 4km length until it reaches back to Chudditch-1.

Yes it has to be drilled and proven up but if it is there then we could be looking at double figure tcf, comfortably.

Not a ramp just looking at the seismic charts and data from the presentation. Will have to wait a year but if successful then the sp will go through the roof.

atb.

Kylie, excellent news and just dawned on me that 56.6% ownership of Greater Sunrise is TIMOR - GAP, the very same who are in a 75% / 25% JV with Chudditch. I struggled to see the connection as to why Greater Sunrise development would necessarily impact on Chudditch, but now I do, and yes my bad, excellent progression.

atb.

Chudditch-1 is 30 metres so at 100 metres Chudditch-2 could hold several times the volume in a successful drill case.

It is a longish hold 12 - 18 mths but the rise in sp if the gas is proven up and we achieve partners / JV / Sale will be exponential.