Member Info for Phimx

Northerwiser:

It's not too difficult, read the RNS 20 October 2023!!

Usersteve:

You missed off the results of the SaaS. RNS 20 October 2023

" The Company has therefore made its Methods available in the form of a SaaS platform to enable the core of the Methods to be installed on a QBT protected server and accessed by potential BTC mining clients and partners to allow them to undertake evaluation of the Methods and this was the substance of yesterday’s X announcement."

What feedback was obtained from users that accessed the methods. Did anyone actually access anything at all ?

Hexam:

You are correct, I read the RNS in haste. I've read the same RNS a few times without jumping to the wrong conclusion before. Sha.e the rampers are incapable of sensible thought.

Another question is why use a pool at all?

Mickeydj:

Discredit them ?

I'm asking a very pertinent question, if there is a material advantage then why not replace all the ASIC miners with the QBT FPGA version running Method C ?

Obviously you don't know the answer, perhaps you should know instead of trying to discredit sceptics questioning what Gardin states.

Oldsharedog:

If you don't know the answer why don't you email them, after all it's your investment.

RNS January 2025

"The Company has now “retrained” the AI Oracle to operate on current blocks of the bitcoin blockchain and it has completed work on a Field Programmable Gate Array (“FPGA”) implementation of the AI Oracle, as per the patent application filed by the Company (see announcement dated 15 January 2025 :“Implementation of Binary Decision Trees”) which is now mining current Bitcoin blockchain blocks and avoiding irrelevant SHA-256 computations approximately 30% of the time.

As a result of this improvement, QBT’s proprietary logic gate architecture implementation of AI Oracle has commenced mining in real-time with a Bitcoin mining pool, which is already demonstrating quantitative material advantages compared to the same real-time hardware mining without AI Oracle"

Can someone explain how mining with an FPGA in a live mining pool can produce a quantitive material advantage. Surely the FPGA substituting for an ASIC must be at least 100 times slower than other rigs in the pool even with Method C providing a 30% improvement in hashing rate?

What is the quantitive advantage Gardin? How can there be any advantage adding a yesteryear mining rig (FPGA) to a modern live mining pool. Perhaps the pool is mining with Pentiums!

Usersteve: Jose- when- I-was-at-Intel- Rios said

" In 2020, Intel's market cap was around $200bn. All the companies that manufacture their own mining ASICs are a tiny fraction of that"

What he said was undoubtedly correct but Intel are making a lot more than Bitcoin ASICs. A company specialising in one type of chip could have advantages over a huge multi faceted company. After all Intel pulled out of the Bitcoin ASIC game and he left the company.

Mrhanji:

I think nearly everyone of QBT's RNS have been upbeat. Unfortunately the results have been downbeat.

Do some research

Mrhanji:

I think nearly everyone of QBT's RNS have been upbeat. Unfortunately the rests have been downbeat.

Do some research

LSBM: You post

"I've been looking into the market for afterboard enhancements and in the Bitcoin mining aftermarket sector mostly focus on hardware tweaks or firmware enhancements without leveraging predictive AI models like QBT’s."

Gardin has mumbled this a few times! I hope you didn't spend too much time looking into it!

Perhaps it was more of Gardins "overly optimistic " babble.

Surely after nearly 6 months a conclusion was reached ? Since there was no trumpet fanfare we can take it as another bust!

Add it to the list !

RNS 8 April 2025

Anyone remember this very significant event

"The Company will be giving an in-depth presentation of the Method C AI Oracle technology to

the manufacturer during April, followed by a period of testing by the manufacturer, to confirm

the AI Oracle’s performance on their ASIC chip’s architecture. The testing will be carried out

under the supervision of a member of QBT’s R&D team."

𝗪𝗵𝗮𝘁 𝗵𝗮𝗽𝗽𝗲𝗻𝗲𝗱

Oldsharedog: You post

"you may have noticed Phimx’s new favourite words and sayings

1. Head’s up

2. Sucker"

Spot the silly mistake !

Asterix:

You are applying risk incorrectly here. Its not a matter of weighing probabilities. Gardin has said,effectively, there is no risk his methods work he has proved it is irrefutable. The risk is believing what he says and does not say. I think the evidence points to a project that will not live up to the expectations put forward by QBT.

In June those expectations changed considerably from the live mining story presented by Gardin. The expectations of a QBT ASIC vanished like the fantasy it was. A bizarre dream requiring hundreds of millions, yet his world class team were unable to advise him of that fact. The fact that Method C should increase hashing rate by 43% rather than the 30% stated by Gardin. We can add the notorious revenue by the end of 2024, from where was it supposed to be coming? Simply more expectation pushed by Gardin and here we are September 2025 and not a bean nor a Bitcoin produced.

Perhaps suckers is too bland a term for investors that keep believing in this story.

Time will tell

Asterix: You post

"Calling everyone who believes in QBT a "sucker" isn’t analysis — it’s just frustration. Most of us know it’s a high-risk, high-reward play."

The analysis has been done, the conclusion is 'suckers'

High risk, high reward was the analysis back in 2021 but as time has progressed and Gardin's 'overly optimistic' pronouncements have failed one after the other then a better assessment can be made. People that make the same mistakes continually are suckers. My apologies for the blunt conclusion but it is better than many other words that could be used.

Whether or not the project is worthless depends on the actual existence of an Oracle that can predict SHA256 outcomes, the scientific community say no. Since Gardin's world class research team had trouble reverse engineering open source software then it does them little credit. Gardin himself has more credibility and time as a serial entrepreneur then any kind of AI wizard.

Me, I'll go with the scientific community.

DonBenney:

Why do rampers waste their time when they 𝗗𝗢 belive in it, surely they could be planning their house build or deciding which supercar to buy or where they will get the best return on the their enormous profits?

We post negatively because all Gardin's positivity has turned out to be worthless. Rampers know they've been suckered, well one or two of the brighter ones. The rest will ignore common sense and Gardin's failures and continue to chase the rainbow.

Some suckers never learn from experience.

Oldsharedog:

Don't be silly. The reality is you only have two legs to stand on and later this afternoon your ability to use them properly will be compromised.

The only danger - you falling on someone.

Allforprofit:

1 recommend from his wife another from Maidit.

I wonder how many different posters have posted on this board in the last 6 months. If you ignore the suckers that make an appearance when there's a pump and dump, I doubt there are more than a couple of dozen. It reflects the apathy shown by the mining and general Bitcoin industry.

Oldsharedog:

You've been suckered by a one man band company pushing a project without wheels. It's direction has veered left and right steered by a very part time lecturer and serial company startup merchant. He had one success in the commercial world and has achieved very little with every other project.

The chances of his 2 live bitcoin mining rigs finding a winning hash are very low, perhaps in several years they may eventually strike lucky. Of course in the meantime nothing is being proved, apart from the fact that reasonably intelligent old men are easy to fool.

Your sermon is ... well simply a sucker's attempt to show he's no sucker!

Oldsharedog:

Please no sermon, its so embarrassingly cringeworthy.