Member Info for miker444

and the other main mining Companies of the 9 listed on QBT 's website table make up a total of approx 15% of bitcoins mined. This leaves 85% of bitcoins mined by the mining pools.
In Francesco's last podcast he actually talks about QBT's value to mining pools, he doesn't specifically name any of the 9 so whilst we can do calcs for a % of those in the table ( because we actually have their monthly numbers to hand ) FG knows that there is a huge saving for mining pools if they come on board and huge revenue numbers for QBT if they do.
He does say in person "mining pools" in the interview, I picked up on this at the time as many overlooked the significance as they are faceless as opposed to being able to quote Hive, Riot etc but they mine 85% of all Bitcoins, fact. This potential should not be underestimated imo.
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the question. Basically both are correct, FG stated last year that QBT are not going to use Brute Force, as are all the miners currently, but to try and understand the 'intelligence' and work towards an algorithm to do that.
Now that we appear to have an algorithm that is 30% faster we can only apply it to the current miners who ARE using brute force to gauge the outcome. So the intelligence ( non brute force ) is being applied to the miners using brute force. That's my take on it.
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CDF, Davies, many thanks for the response, just sometimes it's best to strike while the irons hot. I look forward to the interviews and Q /A.
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After the CPR of Chudditch was announce do people believe that Andy Yeo should have done an interview / podcast explaining his take on the results and what it meant to the company moving forward. Interpretations of the CPR have been varied and therefore could he have added some balance as to exactly how he and Baron Oil as a Company perceived them.
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The reason why there have been no recent updates is in my opinion FG is at the last stages and there is nothing else he can add without repeating prior news updates, next news will be we have succeeded and here are the patents, here are the NDA'S, we are now mining, we have agreements with mining pools to provide their rigs with our 30% faster algorithm chips etc etc.
Really don't get what he can add seeing as he has stated we are in the final process of checking and proving up the r&d to release to the markets. That's it, if he finally releases news that they have failed or the results were not as expected then he will be held to account on his '30%' statements but until then and seeing that each '0' added in front of the algorithm is 16 x more complex and time consuming than the '0' before it It's Big Data needing supercomputer processing power and everything hinges on proving it up, everything, there are no snippets he can give now it's all or nothing. That is and has been my opinion for some time.
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The point is even if we do not hit the dizzy heights of 3.7p we will certainly be multiples of where the sp is currently. Let the day traders and Robbie have his day but for those that hold there should be significant gains and fairly good odds of a special dividend, we may even get a smaller dividend returned from the sale of Dunrobin if we have enough left over from what the BOD need to assist the Chudditch drill.
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It doesn't matter because we have not had any news yet and there will always be day traders, I said this morning Dunrobins 200m barrels will sell circa $1 - $1.3 per barrel giving $200m - $260m for the play, we have 32% which should net us $64m - $80m. When the news of monetisation happens these day to day fluctuations will be gone.
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I was in RBD and they got £12m for their 33% of Corallian and the shareholders went loopy as they thought that was rubbish, we have 6 times that for our share in Dunrobin, so who knows mate what we get for that.
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Davies, hi mate, coming in at double the expectations at 200m barrels with 32% interest to Boil, Dunrobin gives us 64m barrels NET so I would expect considerably more than £7 - £10m, your valuation comes in at 12 - 15 cents a barrel.

As a yardstick Corallian got £32m for 189 bcf which is pretty much $1 per boe. We could get nearer $60m , I notice Allenby broker note using $1.3 - $2 for Chudditch. Not at odds with you but Dunrobin is a pretty decent play and 200m barrels will have significant interest from oilers imo. Certainly enough cash coming Boils way in my book to go the drill alone for Chudditch , if needed, which will also give us a bit more respect / clout at the negotiating table.
atb mate.

toptuf agreed that's why Dunrobin could be a big play if we can monetise quickly, that will be more than enough and even put us in the driving seat, we could even fund the drill circa $24m I believe.
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Davies mate not sure what people are not understanding about my post which is 100% totally about why the sp dropped like it did. That's it, and it did drop significantly because of how the mm's interpreted the rns volumes. Not me!!

I read all the theories as to why it dropped but the volumes did it.

I AM NOT SAYING THE VOLUMES ARE NOT WORLD CLASS NOR AM I SAYING THIS WILL NOT MAKE US ALL A LOT OF MONEY MY POINT WAS AIMED AT THE MM's WHO HAD REASON / EXCUSE TO DO WHAT THEY DID. THAT'S IT!

I hold 90m and will not be selling a single one mate until everything is done and dusted because I can read an rns and understand it.
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I think we will bob along until further news, slights ups and downs. The Dunrobin CPR was accelerated as we all know, how soon therefore will we get news of a sale / jv etc, that should be the first lot of news imo. Then the sp will reflect positive news.
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Addison my reply was not to you mate.

Total clap trap, so sellers dropped this by 30% and not the news, it dropped like a stone from the off before sellers could even hit the button.
So why did everyone sell then, because the figures were so good. PMSL.

Guys, please, I do understand everything you are saying, it's still a lot of gas, I know that, but just needed to make a point about why it dropped as it did, and I am totally correct on that. We have a lot to look forward to but the mm's only need a whiff and they are very adept.
Better times are around the corner.
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Sometimes it's difficult to face the elephant in the room. The main reason the sp dropped significantly yesterday is because the figures were much lower than the expected or hoped 5.56 Tcf, about 50%, which had been printed on numerous updates and even on the Baron website. Yes 2.7 Tcf is a lot of gas and I am confident it will be eventually be sold or form part of a JV but the market has and always will react to news that is not as good as expected. Better to under promise and over deliver than over promise and under deliver.
We do have the JV / Sale of Dunrobin which came in double the volume @ 200m barrels to which 64m barrels net to Baron depending on price but at $1.3 could see nearly $85m drop in to the coffers. This would be a game changer if it happened in time for the negotiations at Chudditch and put Baron in a much stronger position and at the same time increasing their options.
So it's not all doom and gloom at all just being realistic in how the AIM market operates.

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Bitcoinbull good post, Obelix obviously it's impossible to give a timeline as it is all news driven be it rns / update related. For me the biggest catalyst is the mining pools, if we can 'sell' the algorithm to the mining pool sector then we go north in a straight line imo, more so than an individual bitcoin such as Hive or Bitmain.
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Apologies posted twice as screen kept timing out and was showing original not sent.
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Allenby raised the risk value to Baron Oil up 52% ( $237m ) to give an sp up from 0.7p to 1.027p. More importantly the success case is raised to $854m which would give an sp of 3.6p.

People overlooking this incl mm's. Just sit on hands for a few weeks / mths to see what transpires.

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Allenby Broker Note revised risked sp up 52% ($237m) from 0.7p to 1.027p, more importantly a success case valuation is given at $854m which would give an sp of 3.6p.
This currently being overlooked by people incl mm's, just sit tight on hands for a feww months to see what transpires.
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