RE: BTC on fire and over 30K. AI Bitcoin Mining is the game changer22 Jun 2023 07:15
A reminder to new visitors.......
Quantum Blockchain Technologies PLC (QBT) Machine Learning Research Team has developed a new Bitcoin (BTC) mining strategy, called Method B.
Unlike current standard BTC mining approach, based on a search, where the mining rig runs as many Tera hashes as possible, during the circa 10 minutes allowance for each block, with no special criteria on which hashes to process first, QBT Method B, guides the search, by deciding where the most promising winning hashes are likely to be found.
The procedure moves through the state space consisting of different header parameters and, through a composition of ML and mathematical methods, thereby searches and selects portions of the state space for which the hashes will be processed. This approach avoids processing a large number of hashes, obtaining the result in less time.
Extensive Lab tests, at a lower difficulty than the current, have shown that hashing guided with Method B criteria, can improve the ability to find a winning hash by 2.6 times, compared to standard search, while saving up to 4.3% of energy.
Method B software will be available, as a software module upgrade to commercial mining rigs firmware and will be connected to QBT server, where the in house Machine Learning engine, will update the parameter of the software module dynamically. Activation mode of Method B will be as plug&play on existing mining rigs.