Member Info for mrhanji

So I guess the master investor is back in lol or if already in..has significantly upped his stakes!

word is spreading of qbt's achievement.. looking very good :)

All this talk about testing is irrelevant. we're past this stage.

what really matters is this:

Fg and vlad and whoever else from qbt team were in Miami last week or whenever the bitcoin convention was.

judging by the interview seems like they had strong interest.. so much so that Vlad signed up a week later with 5p- 10p options, you only do this If you have a pipeline of opportunities and are confident you can close these deals!

And finally fg says they are looking to sign a partner.. the next time we hear from them.

looks like this will all be done in next couple of months.

rerate coming soon.

Hasta la vista, baby.

Got to love the passion and ambition.. they were already at the bitcoin mining convention 2023 ! didn't expect that!

On that note think we can safely say bye to sub 2p.

Icing on the cake would be an interview today....

FG has an eye for hiring experts.. I'm sure there's been a pipeline of opportunities since that initial market report knocking on qbt doors.. and now our man Vlad is going to close those deals with immediate effect :)

Wow.. smashing news with renewable energy mining project on the cards.....!!

I liked your post addi below for hashrate. My understanding is similar the difficulty level is adjusted so there is constant maintained of 6.25 bitcoin mined every 10 mins which is why overall it will taken 100+ years to mine all the bitcoin this is the race tracks. The individual miners are the racers.

Think some people are conflating the 2 points. The race tracks and the racers.

1. Hashrate or difficulty Is increased or in other words race track just gets longer or complex so the overall constant of mining bitcoin of every 10 minutes is maintained and is constant.

2. Qbt and their mining software puts them at an advantage, because no matter how difficult or long the track gets as per point 1 above, there Ai knows the shortcuts.

3. therfore in the end qbt win the race, as they are at an advantage while everyone is at a disadvantage.

Fg uses the example of mining gold in the interview which also explains it well.

Ive just seen this, has to be qbt firing up in partnership with a mining pool unless there's another explanation how this was possible.....

This unknown miner took around about half the blocks which could only be possible with 2.6x boost...

hmm.. Fg was quick to mention mining pools as potential partners in one of the vox market interviews....

I think we haven't had a update on the cash.. last report I can see is 1.3 million as of June 2022- unless I'm reading that wrong.. would be interesting to see the next accounts how much of that if any is left.. I think next accounts were due soon..

Personally think there's 3 options from here..

1) we mine altcoins as per last RNS from 18th Jan-23 ..but not ruling out bitcoin given our 30% to 160% ( 2.6x) efficiency gains - also Fg mentioned they are in the process of acquiring miners as per the vox interview.. so altcoin mine is definitely in play.

2) partnership with a large miner as mentioned countless times by FG and qbt get a cut of the % of bitcoin mined.

3) Both the above.

RKB did mention keep an eye out on the website a few posts back to be fair, and the website has now been updated now... with excellent news.

2.6x and all that is needed is to connect to qbt server, If I was a miner I would be rubbing my hands and signing up ASAP.

Its down because that's just the way markets work, nothing goes up in a straight-line.

Statements released by the company for 2.6x improvements is tangible evidence.. its public market information now. Why would an investor need to see 2 years worth of test data to verify if the claim is true lol, if anything most investors wouldn't have the time or maybe the knowledge to do this. However if I was a miner looking to sign up QBT then I would want to know the details.. hence the NDA's in place as mentioned previously.

We have scientists working at qbt as per the rns.

so I got the below from a website defining a theory..

"In everyday use, the word "theory" often means an untested hunch, or a guess without supporting evidence. But for scientists, a theory has nearly the opposite meaning. A theory is a well-substantiated explanation of an aspect of the natural world that can incorporate laws, hypotheses and facts.

so in other words the 2.6x is a fact.. and that is the gain a miner who signs up is expected to achieve.

funnily enough the last rns was on altcoin mining.. I think its already mentioned but wouldn't be surprised if this is potentially next.

wouldn't be surprised if bitcoin is being mined as Fg played down the testing results for a while so wouldn't be surprised if he pulled a cat out the hat.

Think the word theoretical is being misused here to play down the test results.

"Given the expense and accessibility of current bitcoin mining equipment, ASIC

chipsets and mining strategies, these results are based on a bitcoin mining

difficulty(2) lower than the difficulty currently in the market. However, the

research results and the statistical methodology used to obtain them give the

Company confidence that its algorithms should be scalable for commercial use."

based on the above the algorithms are good enough for commercial use, I.e once the software is deployed on to actual mining rigs the result would be 2.6x increase.

fg has hinted in previous interviews miners are aware of what they are doing,and they have nda's in place.

All that matters is fg /qbt did not want to release test results to the market unless they were 100% + 10% sure. Not 99.99%.. in other words complete certainty.

last rns (prn) they released those results which is 2.6x efficiency.

immediately one of the largest miners ( probably one of the 9 as per market report released earlier) contacted qbt with high interest.

next phase is commercialisation... this is a no Brainer deal for a miner and is looking very lucrative for qbt.. as fg said they offering something that could be the difference between a miner making a profit or running at a loss after next halving.

Strongly disagree with that statement LTD. a while back shareholders voted and approved the change in direction of the company to focus on technology. So everyone has moved on, the litigations are a side show but still important as money is owed from clear leisure days. I don't think Fg or anyone else is going anywhere until the options are exercised 5p- 10p.

Was just going to add arb has just dropped.. so seems to be a wider market issue and nothing specific to do with qbt? perhaps something to do with bitcoin?

Based on the 2 interviews and rns we have had.. it would be madness to sell now..unless j desperately needed the funds for something very urgent

Yeh... was just going to say the buys and sells some of them are printed wrong lse. what looks like a sell might be actually a buy.. how to tell the difference I still don't know..