Member Info for Phimx

"... the performance of this new software-only version is independent of the ASIC being used in the miner. This represents a major breakthrough for QBT, with time to market and initial capex costs for customers are expected to be reduced significantly"

So Gardin just to be clear. The software works with 𝗮𝗻𝘆 ASIC and improves hashing rate 10% just by a software upgrade. Now you've also told us in an interview that 3% was very significant for miners potentially saving them millions. So I guess they are shaking like jellies at the thought of a 10% increase.

The phone must be ringing non-stop with orders but you seem happier swanning off round the world talking to ASIC manufacturers why - Method D is independent of the ASIC.

"The Company is also in advanced discussions with other US based ASIC manufacturers in the expectation that similar test programmes on their mining rigs will follow.

"The Company is also in advanced discussions with other US based ASIC manufacturers in the expectation that similar test programmes on their mining rigs will follow. "

Why aren't you talking and selling to those big after market Chinese boards makers. Why aren't taking orders 𝗡𝗢𝗪

Mickeydj:

Put your money where your mouth is !

Mickeydj:

Go for it, you will be a millionaire. How can you lose with such brilliant technology.

Mickeydj:

If you believe all that you had better buy another £5,000 worth in the morning.

But I know you won't!

Mickeydj: You post

" Price goes up 19% and the share bashers come out in their droves"

I think you've got that wrong. There's plenty of posts but the stimulus is the latest pivot RNS which says little and answers nothing. If the truth were known I doubt it impresses you either.

The latest RNS states “ … has shown an average improvement in mining efficiency of over 10% - meaning its capability of finding the winning hash at over 10% above the minimal difficulty threshold as set by most mining pools”

In other words, Gardin effectively states QBT’s rig is operating 10% above the minimum possible for inclusion in this particular pool. The minimal 𝘀𝗵𝗮𝗿𝗲 difficulty threshold is set by the pool and any mining rig must met this threshold to join the pool. If the rig cannot meet the threshold it won’t be able to submit its proof of work share and therefore receive no portion of the pool rewards. At the same time it won’t be hashing through its portion of the work allocated to it. Effectively it is a very lazy worker.

To put it another way, the statement is simply an indication of the rig’s hashing rate compared to the minimum expected by the pool and indicates the rig is capable of meeting its hashing obligations to the pool.

Gardin seems to be trying to suggest that the software improves the chances of finding a winning has by 10%. Once again what is the yardstick he measures against – 10% better than what ?

In my opinion this RNS is in response to the increasing dissatisfaction of investors with the continued lack of progress towards any revenue. This is again another pivot or maybe pirouette, which says nothing and means nothing, it’s simply fool fodder. Gardin is running out of inspiration with this one!

Tiger179: You post

" Going round in circle's and going no where!"

I always chuckle to .myself when investors say this or similar. From Gardin's perspective this is roaring along, money heaping up in his bank account month by month.

Many investors don't seem to fully understand, first and foremost the company makes money for directors, if lucky investors get some scraps.

Usersteve: RNS 24 October 2024

"The Company is now focused on two elements which are key to producing a commercial version of AI Oracle generated by Method C. Firstly, it is investigating a route to maintain the AI Oracle's success at current and future mining difficulty levels, and secondly, the QBT Machine Learning team is working on producing a software-only version of the AI Oracle generated by Method C, that can be used by mining pools."

Usersteve: You posted

" This RNS is a nice distraction from the "revenue after summer" idea that Gardin announced during the June interview.

The gullible and the rampers will forget previoys promises and will now only be waiting for this new Method Cs to generate revenue."

You beat me to it. I was preparing a post along the same lines. Gardin isn't providing an update for the discussion , testing and evaluation RNSed previously. Follow ups are rarely disclosed with their qualifying conditions.

This is just a deflection from the fact that there is no money deals to announce. He sits in his little flat in Rogiva pumping out worthless RNS and vague mumbling interviews.

Usersteve:

My take is the difficulty threshold is what a pool sets to decide if your miners are performing the proof of work and therefore qualify for a share of the rewards.

Gardin keeps it vague making it harder for critics to pick holes in his fanasies

1663: You posted

" The market decides if this goes up or down, certainly not a handful of posters who have no investment here!"

You are absolutely correct.

Us sceptics provide the rampers with a great opportunity to buy more shares at lower prices, we are indispensable I don't know why we receive so much flak.

I'm going to make Mickeydj and Maidit multi-millionaires

If method C running on a BitAxe had any commercial worth its virtues would be extolled by Gardin but they aren’t. Just more click bait.

As usual with Gardin's statements. no meat on the bone. While a method C type software application could run on a Rasberry PI, there is no indication of speed comparisons or energy efficiency. In fact there is a Web page which details hashing with pen and paper, incredibly efficient in terms of electric usage but very poor speed wise.

Just more carefully crafted bait for the gullible. It's amazing what you can write and even more amazing what people believe. More months of pocket money for the CEO.

So after years of saying a QBT ASIC was needed Gardin now tells investors it isn't!

Gardin wants you to believe the software running on a slow processor can calculate if a nonce will lead to a winner or not. Strangely Mickeydj came out with the term "pre-filtered nonces" last night, this sounds like the same idea???

So somehow the software has to , in real time, do some incredibly quick calculations and then send the information to an ASIC,running about a thousand times faster to tell it to abort the calculation. So apart from the fact that it seems almost impossible, how much energy does the mining rig need to use compared to a hardware implementation running on an ASIC.

Gardin's latest fantasy is... well ... fantastical

An absolute definite sell

MIckeydj: You posted

" RNS June 2025

Method B Firmware Integration

Live testing on Bitmain S19 rigs yielded 25% efficiency gain via input pre-filtering. No hardware modifications required; compatible with standard ASIC pipelines."

Via input pre-filtering ! What nonsense is this ?

Mickeydj: You posted

"RNS March 12, 2025 Business Update

Method B now operates on standard commercial ASICs without hardware modification; successful deployment on modified CGMiner v4.11.2, achieving 25% nonce filtering on S19 rigs."

Unfortunately I cant find those words in the RNS

Mickeydj:

RNS 28 August 2025 ?

Mickeydj: You posted

"2 Reverse engineer ASICs - Reality ? Never claimed – you made that up. QBT uses software overlay (CGMiner fork)."

How on earth would QBT produce software if they didn't understand the inner workings of the ASICs -- all of them. They couldn't do it with CGMiner, they had to use the work of others. While I didn't mean reverse engineer in the sense of producing a facsimile of the ASICs I meant in terms of its inner workings and the communication protocols required to configure any configurable features.

Mickeydj: You post

" QBT need their own custom ASIC - Reality ? (2025 RNS)“”Method B reworked for all ASICs – RNS 14 Mar 2025: “Method B now operates on standard commercial ASICs without hardware modification."

That's all well and good if you believe Gardin but software can only control hardware within the ASICs. Do you seriously believe that all standard commercial ASICs had built in facilities to control the nonces specifically for method Bs specific requirements before Method B was released ? When and where was this collaboration with ASIC designers struck?

Why did Gardin say that a custom ASIC was required ? Because there was no hardware inside the ASICs that could be controlled to perform the random hashing sequences Method B requires. The blindingly fast hashing rates are achieved by a thousand or more parallel logic circuits each allocated a different nonce to cover the allocated search space and each doing exactly the same function. If Method B allocates favourable nonces, millions of them, to different logic circuits then the speed would be seriously degraded. Although all the ASICs should produce the same outcome the designers will have created different optimisation circuitry and well guarded from other designers.

Mrhanji:

You seem to have missed my earlier post, I'll repeat part of it

"RNS 23 May 2022 Gardin says

"The second knowledge-based mining approach (Method ‘B’) 𝘄𝗶𝗹𝗹 𝗻𝗲𝗲𝗱 𝘁𝗵𝗲 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗼𝗳 𝗮 𝗽𝗿𝗼𝗽𝗿𝗶𝗲𝘁𝗮𝗿𝘆 𝗔𝗦𝗜𝗖 𝗰𝗵𝗶𝗽, if successful, probabilistic mining could be improved by several factors compared to today’s deterministic BTC mining using commercial ASIC chips."

As Gardin stated, QBT need their own custom ASIC. Current ASICs don't have the flexibility to allow the 2 or 3 thousand individual hash engines to hash asynchronous and randomly distributed nonces. As far as I know all, apart from academic designed ASICs, are proprietary secrets. Unless you have the cooperation of the designers QBT would have to reverse engineer the ASIC just to discover if it was possible to perform their hashing on it. We know they failed dismally with CGMiner.

QBT have said they have reworked Method B to work on all ASICs, that seems highly improbable and since they haven't stated what systems they have tested on I'd go as far as to say it seems like more wishful thinking by Gardin.

No evidence or statements to back up their vague claims.