Member Info for miker444

meant orders of 2 or 3 magnitude ( 100x / 1000x ) not a multiple of 2 or 3.
atb.

It has stabilised compared to the the last few days when we hit a low of $33k and then bubbled around $35k for a day or so. This was due to Russia's announcement and we are now nudging $38k, just stating facts and we don't know what tomorrow brings but it has certainly stopped it's freefall, at the moment.

I would want Bitcoin as high a price as possible, period. If it falls too low then fear sets in to major investors and in turn is to mass panic sell off. The more profit per block the higher the revenue and sp for successful miners. In FG's own words "It is a race, the winner takes all", nothing for second place so if we can get mining to an order of 2 or 3 times the current fastest mining speed we have nothing to fear from other miners, should get to the blocks first in the majority of situations. Happy to agree to differ.
atb.

It appears that Bitcoin has steadied for the last 2 days and the trajectory is a slow upward trend, may see $38k breached today. Either way it does look as though the impact of Russia's announcement has now been factored in, hopefully. Long term it doesn't matter as the consensus is $75k - $100k will be achieved by end of 2022.

QBT rose 975% from Jan 01 to Dec 31 (2021) so at 0.95p in June 2021 there had been a gain of 700% in the 6 mths previous also, terrible performance from FG and warrants a personal attack.

Beg to differ, his post was only 6 mths ago when sp was 0.95p, less than a penny, so having reached 3.6p intraday 1 mth ago it was several multiples up ( +250% ). A permanent dip my ar*se.

Not sure there is panic selling seeing as more buys than sells but bitcoin price drop allows the mm's to take it down and is to be expected. Comes down to one question really, is crypto currency a fad or will it be around for the future.
If it's good enough for Blackrock with $10 Trillion assets under management then it's a sure sign that this is the future, doesn't mean there will not be some bumps in the road along the way.
atb.

Just sold my total holding of 7m because of icemanzag's advice. Really thought we were on to something here and that news and updates were important. If only we could secure an NDA with a top 5 Global Semiconductor manufacturer or had enough home grown talent to issue patents that could disrupt the best current mining speed on the planet. Oh well, not to be will put it all in ADV Energy.
:¬)

An article on TekDeeps dated April 2021 states that "TSMC is the name that stands out when it comes to chips or semiconductors. The Taiwanese giant is of the largest manufacturers of these components, being responsible for the manufacture of chips that give rise to the most sought after equipment on the market today."
It continues "Apple is TSMC's main customer for 5nm chips, the Apple brand will have practically all units of lithography produced by the Taiwanese, the latest rumours even indicate that Apple have reserved 80% of this production" ( Eighty per cent!! )
So FigTree that would back up your view that TSMC are not the providers for QBT as they pretty much are flat out in looking after Apple, who could probably command sole interest from TSMC with their buying power.

An article more recently ( Sep 2021 ) published in 'How - to - Geek' states:

"TSMC are well ahead in the new generation of 5nm PC processors to be used in 2022 for AMD Ryzen desktops" ( We are talking PC Desktops and not bitcoin mining but relevant ) and goes on to say :

" Intel 5nm processors are coming too, but expected to take a while. The company's desktops processors are expected to come off 14nm and move to 10nm in late 2021 / early 2022. After that a 7nm process is expected in late 2022 / 2023 and then in 2024 there could be an Intel 5nm processor. This timetable could change, but right now that's more or less what Intel watchers are expecting to see."

I accept the last paragraph re Intel is referring to PC processing but overall it appears they are lagging well behind TSMC, this is not necessarily a bad thing and bodes well for QBT if Intel have noted FG's expected delivery to increasing Bitcoin mining speeds exponentially. It would put Intel in to contention almost immediately and a good 18 mths sooner than they are able to achieve inhouse.

That leaves Samsung from your listed 3 Companies capable of 5nm semiconductor manufacturers.

atb.

DSFLAT always worth doing mate, if FG can get the mining speed up, he seemed to almost be dismissive that twice as fast was a foregone conclusion / suggesting he may have already witnessed that by his team but it was neither a big deal or anyway near fast enough to what he was aiming for, however, if 'just' twice as fast hits the airwaves then an awful lot of interest will come our way.
Lets hope there's not a bidding war from Global players wanting to partner QBT :¬)
atb.

Savvy agree and it has been that way for some time, even with Covid, even with StormHarbour moving the goal posts there does appear a barrier / stumbling block that Syme just can't push through and for me it is apparent we are falling at the funding stage. Yes there are 12 companies in talks re becoming funding partners and other possible revenue streams or avenues, some well known but the fact remains if we had funding secured the 1st IM would have happened. It has not and unfortunately it could suggest a lot of institutions like the concept but have reservations when it finally comes down to putting pen to paper and signing on the dotted line.
It has always been about funding, first and foremost and that is just not happening at the moment, I hope I am wrong.
atb mate.

HPK / Suthy / Fig, thanks for the replies appreciated, at the end of the day all that really matters is irrespective when news drops that it contains positives and FG's aims are realised, in part at least.
atb.

I am assuming , going by RNS's, that the next news update will likely be the 2nd Patent application filed by the Company cryptography expert before / by the end of February ? Anyone concur or have their own thoughts to when & what the next news will be issued / contain.
atb.

FigTree completely agree and whilst I did not buy in until 3p and not 1p I still see myself as an 'early bird' with all the news flow that should be coming our way over the next few weeks / months ( hopefully! ).
atb mate.

No problem Fig, once I've looked up what they are lol. Not sure if the Groke was jesting or has a nut allergy.
atb mate.

Ok Steve I'll push the boat out, as well as drinks I'll have nuts provided at the tables. You drive a hard bargain.
atb mate.

When you are waiting for funds to clear it seems an eternity and every morning you expect to see the red dot of an rns before you can get in, I am aware of the sp lingering on 3p but as I stated in my post with the court case on Wednesday I expected it could push up the sp if the outcome was became known.
Anyway I am a very happy bunny but suspect there are a fair few PI's in the wings holding a lot more than 7m.
FigTree I am happy to meet up for the £1 party and pay for the drinks for all those that attend :¬)
atb.

Made my final top up £15k and got another 524,303, was waiting for funds to clear all week and can't believe I got sub 3p, thought news of the court case may have edged it up before I could top up, Now holding 7m and will now sit on my hands and await news.
atb.

Suthy totally agree, the court case is already swinging in our favour so whilst it may be excellent news any revenue coming our way will probably not hit the coffers until at least mid year, as I say not to be sniffed at but the catalyst is the RNS which states the results of mining speeds ( increased hopefully! ) and Patents issued alongside etc.
atb.

denzal thanks mate whether or nor QBT become disruptive / mine themselves or have a Farm-In or bought out by a Global player I do believe we will move on from where we currently are, a few options will be available to FG I think.
atb.