Member Info for mrhanji

He did say planning to test on miners of miners they are working with and they are at stage of NDA.

Maybe once the Nda is signed best not to mention It at all.

Jez he didn't really even confirm if they have acquired any new miners.. yet your making the assumption they have suddenly acquired new miners and are just completing testing?

Based on the interview it does seem more likely the testing would be done on new miners of existing miners.. as this is the closest they would be able to get to current difficulty and from a miners perspective what better way to verify If the algorithms work and the improvements specific to them?

Seems reasonable if they were planning this a month or 2 ago?

This is a win/win in any case either they:

1.Managed to aquire a large number of rigs to test their method b and the result of this most certainly will be actual bitcoin mined ?

or

2. A miner has allowed them to use their miners for commercial testing..

Given on 1st June I think fg said they were planning to test their products on miners facilities.. I think it's more likely scenario 2 .. from 1st of june to now that 2 months nearly.. unless they did some how acquire enough miners to test in-house.. and the result of that is surely bitcoin mined?

either way it's a win/win...

What do you think dsflat ? is he satoshi? he hasn't been able to prove it for the past 7 years..he would need to pull out some solid evidence.. there are also others who claim they are satoshi

"Given that Wright has failed to furnish any compelling evidence that he is Satoshi in the 7 years since he first made this claim, the Bitcoin Legal Defense Fund is optimistic that the ruling from the January 2024 trial will bring an early end to the database rights case."

Jambone to your point of testing on miners of miners: here's the interview from 1st of June:

https://audioboom.com/posts/8310319-francesco-gardin-of-quantum-blockchain-funds-raised-continues-the-development-of-our-cutting-edg

3:40 onwards fg says they are planning to test on miners of miners I.e miners of the North American partners they are engaged with.

This was a month ago..

As per the latest interview this week Fg clearly says they are testing on miners after again mentioning the north American miners they are engaged with, so i think it's pretty reasonable to assume this is referring to the testing they were planning with the "north american miners " as per the interview from 1st June, so this testing has now begun.

So depending on outcome of this testing, I think we are very close.. and Fg and qbt can tick off the there short term goal very soon.

Fleecy ?

The website is up to date and clearly says software ?

Its a dynamic r&d company, since last year things have developed ? perhaps during there research/ testing they realised it can be run stand alone and achieve 2.6x as per all the updates we have had since then ?

Perhaps for exponential results Qbt still think it will best run on an asic chip designed by them , fg is still keen on a proprietary ASIC chip as per the latest rns.

in any case i dont see the contradiction.. just you failing to realise alot has happened in the past year. And your analogy at the end shows you have no clue what testing even means.

It's clearly software.. fleecy seems to be losing the plot..happens if you been on Google and lse all day.

fg has previously said no matter what miner is being used they will always add value with their software, he also refers to it as AI..

Should it be in a rns it's debatable .. they would have to then list all the north American miners they are working with etc depends on NDA agreements,what if there's a leak etc .. they did release they were working with D-wave why they haven't put in a Rns this time around I'm assuming has to do with the NDA .. but I'm confident they are progressing, and there is a sense of urgency to sign deals and deliver shareholder value.

Agree jambone it does leave things open to interpretation so consise updates would be better.. let's see, I don't think it's unreasonable or complete wild speculation or even ramping to assume miners would allow qbt to test there products on their miners.. it would be expected before signing any deal and I think he makes it clear they are working fast to start to generating revenue.

Also as mentioned by Addison the price is lower probably because of the dilution effect.. in terms of market cap we are higher. So without dilution the sp would have been higher.

so for them to do a partial conversion on bonds they must be very confident big news is around the corner.

Personally i think they are testing on miners Rigs.. and if they are not they will be very soon. Like Fg said they are working with and talking to North American partners.. so i think it's reasonable to assume the miners would allow qbt team to test using there facilities before signing.

Some I think are messing with Fgs words on this board.. when he says we are working fast to turn these into products I think he means generate revenue and not that they don't have a product and are still creating one lol they have a product they are working as fast they can to turn in to revenue.

otherwise it doesn't make sense to hire vlad etc so I think they are very close, wrapping up some internal testing and most probably testing on miners rig.

I don't expect him to really provide anymore info then he has and as he finished off saying there is alot going on behind the scenes.

Jez, Instead of reading what you want to hear, watch the interview it's simpler.

Jez it's a general statement and he probably means both, the interviews are short.

But the important takeaway is the miners have allowed testing.. so let's see they obviously want to demo it or proof it will work on their miners before going full commitment. It's not unreasonable to deduce that ..because otherwise what else will they talk about for few months.

that's how I interpret his statement.. as always could be wrong.

Https://www.proactiveinvestors.co.uk/companies/news/1021620/quantum-blockchain-technologies-hard-at-work-after-filing-new-patent-application-1021620.html

talking to big miners and they have allowed testing on their miner.....

So based off Sir RKB posts I have taken away the below..

1. Lynchwood increased holding by 89,339,551 shares...

2. Lynchwood haven't flipped or sold any of there new shares.. the mystery identity of the high net individual who is the beneficial owner of the shares via bnp Paribas.. i guess someone who has attended agm regularly over the years would know who this is...

3. owns 30,000,000 + shares and expects the price to hit 50p at some point.. but first target 10p+ or 14p+ based on limit order

4. element of luck lol but there is a track record of being right.

5. Eddie563 to ponder on why the premium bonds were sold..lol

With the number of posts this morning I thought there was another RNS... but this is an entertaining read too. :)

Jez this investment ain't for you..sell up and move on.

just read one of your comments about fg sounding disinterested ... what !?

if he wanted he probably could have left 5 years ago... but he's stayed and turned this around. if anything the guy is passionate and dedicated, is probably working late nights and over weekends with the rest of qbt team to deliver and achieve their goals..so it's expected he would come across as a little tired In a interview.

Bobcat sold out at 14:31:15 .....😳

It is new there's a number of different workstreams for the R&D Project this is the ASIC chip development part.. 2.6x is relating just to the Ai.. they are talking to big miners as per the interview..it's a no Brainer one of them will take the AI boost for 2.6x

FG gives numbers for volume and the numbers are huge.. for the asic chip this is big potential.. Miners would still need to make some investment in Asia chips and this is a separate product that will fulfill that need!

8% saving on a single chip...as per last interview the miners they are targeting spend big when it comes to this area, over 100 million If I remember.

So saving of 8% on every chip can add up to be very large and substantial hence the patent application and the company asic designer comment!

Others might be able to explain it better.. hopefully an interview from the man himself FG later to expand further.

Excellent news in my opinion..