RE: AGM21 Jul 2025 19:30
Scottwins: You post
" Phimx, again you refuse to answer, QBT have shown their irrefutable evidence to miners and ASIC manufacturers and now they are in talks with these companies, so it looks very much like that irrefutable evidence has these companies hooked"
No no no the only evidence is Gardin has made those statements, you nor I don't know if they are correct or not.
When a deal is made, with a major, as stated then we can say those statements were correct.
Since QBT carried lots of testing why did that not show method C gives a mathematical advantage of 43% in hashing rate? Not 30% as Gardin has claimed a few times in RNS, this was no slip of the pen. Only Hexam spotted the flaw in the simple maths and logic.
I believe that SHA256 can be improved upon when considering it for a single application i.e. hashing for Bitcoin. But and it's a big but the major players have been optimising the SHA for years and QBT have little to offer. I believe Gardin was naive in believing he could revolutionise the algorithm. The evidence is he new little about ASICs, he dreamt of having a 5 nm hasher but didn't even understand the costs never mind the technology.
He applied for a patent using Naik's work but has failed because it was obvious, due to the work being published in 2013, it was prior art. He must have known that but either was oblivious to it or deliberately went ahead to make the project look credible. Why did Naik not stay on board this fantastic golden band wagon?
Too many red flags to be putting piles of money into