Member Info for Phimx

Usersteve: You post

" My understanding is that if the entire nonce range has been processed without a winning hash found, then other values in the header can be changed (AKA "rolled"), and the entire nonce range is processed again."

My understanding for "rolling" is incrementing a value quickly one count at a time and usually increasing in value. For a slow miner the header may never change during the 10 min mining period, so it would be difficult to consider it rolling the header. But I won't dispute what you say too much. Obviously whatever bytes are used to create an extra NONCE the quickest will be something that can be quickly incremented.

Oldsharedog: You post

"I never knew that posting incomplete interviews would be of interest to other genuine investors - and it seems that they are not !!"

There are plenty of investors wanting to know both sides of the story. Those posters can think for themselves and make their own decisions.

Time will tell!

From the interview:

" and they managed to extract the key information from the header which don't change when you're rolling the headers in the timestamp version of nonce, and they still retain the properties to have a higher probability. "

What gibberish is this from Gardin. " ... rolling the headers in the time stamp version of the NONCE..."

The only thing rolling, that ever rolls, is the NONCE. The NONCE is the beating heart of the mining process. The header will change every 4.3 billion changes of the NONCE. I don't know where he gets his information from, it's all there on the internet!

Why don't you try discussing that issue Obelisk, instead of hurling false accusations at sceptical posters ?

Obelix: You post

" Him and PHInocchioMIX are controlling and deleting posts from any person here."

From Oldsharedog's post what you've posted is obviously totally incorrect. I'll happily accept your apology !!!

Obelix: You post

" If someone suspects another person is lying, it's because that person lies all the time.

An interesting sentence! Care to justify it ?

Mickydj: You post

" You’ve added those conclusions yourself."

You are spot again, I thought up those conclusions all by myself. You are free to make your own conclusions and make your very own investment decisions.

I base my assumptions on the company admitting to being unlikely to generate cash in the near term. If you think that infers deals are about to be signed good on you, buy more shares !

Daffypicker:

It says what is says, unlikely - no provisos!

Obelix:

So you understand clearly:

The Company has a funding problem and they don't expect any cash flow in the near term.

What does an intelligent sensible person take from that admission ?

No foreseeable deals within the next year or so, therefore another placing sold onto the gullible British public.

Why don't they expect the NDA company to come begging for a license to use the Method C software on their rigs? After all the 10% improvement will save them millions very soon. Could it just be possible the black box is just that, an empty worthless box?

You boys need to review available information from QBT. The snippet I posted earlier comes from the Consent Solicitation Memorandom published 24 March 2026 and not old accounts. A liar I am not!

A larger snippet for you half wits to read is here:

‌"BACKGROUND TO AND RATIONALE FOR THE CONSENT SOLICITATION‌ ‌Background to the Proposals

The Bonds

On 21 March 2013, the Issuer issued an initial tranche of the Euros 9,900,000 Zero Coupon Convertible Bonds due 22 December 2015, which maturity date has been extended by nine years to 15 December 2026 (the "Bonds"). The Company and certain of the Bondholders (as defined below) have held discussions regarding certain amendments to the Bonds.

QBT announces that it is inviting Bondholders (the "Bondholders") of its issued Euros 9,900,000 Zero Coupon Convertible Bonds due 15 December 2026 (ISIN XS0891139031) to consent to certain amendments to certain terms and conditions, to changes to the maturity date and repayment amount relating to the Bonds (described briefly below) as proposed by QBT (the "Proposals").

‌Rationale for the Proposals

The Board of QBT believes that it is unlikely that the Group will generate cash from its operations in the near term and the bond Proposals are therefore designed to rebalance the Group's financing obligations.

Accordingly, QBT would like to change the maturity date and repayment amount of the Bonds.

The Board of Directors of QBT has carefully considered the Proposals and believes that the amendments described in the Consent Solicitation Memorandum provide the most appropriate solution to the funding challenges."

Inforapennyortwo: You post

" 3rd party (ASIC manufacturer ) hardware (MDK) has been in the Milan lab of QBT just over 2 weeks (expected to be required 4-6 weeks) how long till news is revealed and what it will be is what I’m interested in."

I guess you don't believe the company when they post

𝗧𝗵𝗲 𝗕𝗼𝗮𝗿𝗱 𝗼𝗳 𝗤𝗕𝗧 𝗯𝗲𝗹𝗶𝗲𝘃𝗲𝘀 𝘁𝗵𝗮𝘁 𝗶𝘁 𝗶𝘀 𝘂𝗻𝗹𝗶𝗸𝗲𝗹𝘆 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲 𝗚𝗿𝗼𝘂𝗽 𝘄𝗶𝗹𝗹 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗲 𝗰𝗮𝘀𝗵 𝗳𝗿𝗼𝗺 𝗶𝘁𝘀 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗲𝗮𝗿 𝘁𝗲𝗿𝗺

Not surprising is it? Since that "box" is not a mining rig delivered from an ASIC manufacturer.

Obelix: You post

" Thanks to a few friends here, we have an opportunity to add more before the RNS. "

Be sure to inform the board 𝗯𝗲𝗳𝗼𝗿𝗲 𝘆𝗼𝘂 𝗯𝘂𝘆

Forfaiter:

Unfortunately the company has said

"𝗧𝗵𝗲 𝗕𝗼𝗮𝗿𝗱 𝗼𝗳 𝗤𝗕𝗧 𝗯𝗲𝗹𝗶𝗲𝘃𝗲𝘀 𝘁𝗵𝗮𝘁 𝗶𝘁 𝗶𝘀 𝘂𝗻𝗹𝗶𝗸𝗲𝗹𝘆 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲 𝗚𝗿𝗼𝘂𝗽 𝘄𝗶𝗹𝗹 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗲 𝗰𝗮𝘀𝗵 𝗳𝗿𝗼𝗺 𝗶𝘁𝘀 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗲𝗮𝗿 𝘁𝗲𝗿𝗺 and the bond Proposals are therefore designed to rebalance the Group's financing obligations"

QBT currently valued at 6.74 Million and all it has is a load of debt and an old Italian writing fairy stories.

QBT's own words. So no expectations of any deals soon, plain and simple. The half wits will think it's a derampers conspiracy though.

"𝗧𝗵𝗲 𝗕𝗼𝗮𝗿𝗱 𝗼𝗳 𝗤𝗕𝗧 𝗯𝗲𝗹𝗶𝗲𝘃𝗲𝘀 𝘁𝗵𝗮𝘁 𝗶𝘁 𝗶𝘀 𝘂𝗻𝗹𝗶𝗸𝗲𝗹𝘆 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲 𝗚𝗿𝗼𝘂𝗽 𝘄𝗶𝗹𝗹 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗲 𝗰𝗮𝘀𝗵 𝗳𝗿𝗼𝗺 𝗶𝘁𝘀 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗲𝗮𝗿 𝘁𝗲𝗿𝗺 and the bond Proposals are therefore designed to rebalance the Group's financing obligations"

Obelix: You post

"How do ASIC chip manufacturers and software/firmware developers prove their methods before releasing them to clients, similar to how QBT is demonstrating right now? That's all that matters."

If you mean how does an ASIC miner chip get verified. You hash inputs and compare outputs with a reference ASIC, possibly a slower established design. But others don't have "methods", as long as your new super fast brute force 2nm ASIC produces the same hash result as a BitAxe or S9 then it's working. A winning hash is not required.

In general ASIC designs are tested with huge amounts of simulations and real world testing. Even then errors do slip through. Analog Devices had a bug in one of their synthesis chips a few years ago and it's probably still there.

UserSteve: You post

" So I don't think it worthwhile trying to do so. Because in addition to blacking out areas, other image nodifications might have happened. For example, moving the position of ports, pasting in images of different ports from other hardware, etc."

Gardin is essentially saying the photo could allow the manufacturer to be identified now because he painted it black a second time, it can't be identified.

But the only thing that really changed was the text, everything else stayed the same. He didn't want you to know it isn't a miner.

DSFLAT: You post

" The Block Proto mining rig is still somewhat of a mystery. I haven't been able to find a working model to compare the cable arrangement."

There is a presentation available on-line, the box is not the Proto Rig

Mickydj:

I hadn't realised I had a tactic. Thankfully Gardin provides new angles even with the dearth of sensible information provided. I may just move on to the addressable ASIC thing I

heard him mention. I wonder what new breakthrough his work-for-free experts have made now ?

Why not stop suggesting there is a grand planned conspiracy attempting to achieve exactly what ? Instead explain away Gardin's latest Gaff. I painted my black box black to disguise it. They don't make Professors like they used to!

Gardin's Gaffs I like it

So from the interview Gardin says we had to paint it black because we didn't want the manufacturers name known!

So he shows a big box with two oddly placed USB connectors in plain site in a box with apparently with no vents. Even more distinctive is a big off-centred cable entering the front of the box, how many big miners have that arrangement?

Of course if it was a miner it would be easy to identify from those features, whether it be orange, green or black! But it's not a miner, so it won't be recognised, after all it's from a big North American ASIC manufacturer so the possibilities are very limited indeed.

If you paint an elephant black, it's still an elephant Gardin.

UserSteve: You post

" As Mikeydj reminds us: X posts and interviews, are just marketing, and cannot be used as guidance."

NO NO NO Micky is wrong, directors have responsibilities outside of formal communications. From AI

Social Media:

The Financial Conduct Authority (FCA) treats these posts as formal communications.