Member Info for miker444

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.

Not in the short or medium term, with bitcoin halving only 10 mths away there will be a significant uptick in the value of bitcoin imo and there is big money to be made asap.

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.

I ran out of characters so ended my post rather abruptly, but I feel I am experiencing the same as I did then.

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

Francesco has basically confirmed what I put in my post, that it is a finished algorithm and now an application. :¬)

Suthy, I am just wondering if I have interpreted things correctly in that the 2.6x speed improvement is a finished algorithm which can be applied in its current form directly to the existing mining rig difficulty. I therefore would term the next stage as an application rather than testing from scratch and think it will be a case of how does it perform in comparison when applied. My point being this may be a lot quicker than the previous testing stage which was all about getting a fully finished article / algorithm which we appear to now have to throw at anything we want to and see what happens.

I have not worded this well but I know what I mean and hopefully the gist of what I am saying is apparent in that it may give results, whatever they happen to be, fairly quickly

atb.

The interviews will be very positive now that actual speeds have been announced, albeit theoretical. I do expect the speeds to decrease once applied to the 'realtime' difficulty of current mining but nonetheless still a big improvement to what is out there.

If Francesco can give expected timelines of when QBT are to start any of the points made in the PRN then that would be a big bonus, he will not be able to mention any names of companies coming on board as that would have to be announced in an RNS.

For me the timeline now is the most important factor for advancing the sp and details of expected dates should at least be asked of him.

atb.

Industrial is a term commonly used to describe a large scale roll out across whatever sector it is referring to, be it National or Global. Francesco stated we are going to begin (not look at doing) Industrial Commercialisation so to do that, be able to begin, on that scale we must already have a company lined up and it will not be a tin pot company and I now believe this is the previous reference from Francesco as to people 'will be surprised as to the name of the semiconductor /chip maker coming on to the scene'. My words as I cannot remember exactly how it was put but words to that effect and it created some debate at the time.

Therefore my conclusion is we have a deal with a chip maker who is not an obvious one like Samsung, TSMC, Intel etc and that is what Francesco alluded to a couple of months ago.

atb.

Like many here I was intrigued by FG's statement in the Vox Podcast regarding the surprise manufacturer of Asic chips. I have listened many times and it's as exciting as it is frustrating to try and decipher the relevance, to QBT, behind it, if any.
I am of the conclusion that the emphasis is due to the identity of the company and not that we have signed anything with them (yet). I think the surprise is who it is and a totally new kid on the block who would not be expected to enter the semiconductor / chip market as against the expected likes of Samsung, Intel, Apple, TSMC etc.
It could be someone along the lines of Google, who are 'relative' newcomers to the mobile phone scene and may be looking to expand. Odds on it's not them but it does sound as though it will raise eyebrows when we finally find out who they are.
On that score I suspect FG has actually introduced himself and it would be quite exciting for a new chip manufacturer to be approached by the potential game changer that QBT could offer once testing verified and with the security of the Patent that will go hand in hand.
Just some musings to fill in the news vacuum while we wait.
atb.

Any deals done with existing miners for a share of profits from bitcoins mined would be for 'additional' bitcoins to their existing mining totals as opposed to all coins mined otherwise they could actually earn less.

A very basic calc is if a company already mines 500 bitcoins a month and our new asic chip gets them another 50 making a total of 550 then assuming a 10% share to QBT would be 55 coins with the original mining dropping from 500 to 495.

Extremely basic calc i know but the carrot for existing miners would be to part with profits only from gains ( extra coins mined ) on this basis we could ask a higher % of new gains as a miner giving back 25% would still increase by 75% of all additional coins. It would still be a huge amount of revenue with hardly any CapEx to QBT.
atb.

@13;17 yesterday you posted " I'm out, this is desperation" how are you a LTH?