Member Info for Phimx

Koigg:

Ask RKB he'll know the answer.

Koigg:

Explain why Gardin continues to claim a 30% increase in hashing rate, for Method C, when it is plainly 43%

Koigg:

Since when did Method A need ASICs

RNS 14 March 2024:

Method C differs from previously reported QBT’s Methods A and Method B in that the former needs to be directly implemented onto the ASIC chip at the manufacturing stage, whereas Methods A and B can be supplied to already existing miners as a SaaS product.

Koigg:

Define temporary !

PAS14:

Gardin stated they weren't targeting the latest ASICs with Method B since this now has only a 10% advantage then it doesn't really help those that don't have the latest ASICs. Method C is out of the game for the time being.

So that leaves Method A with its 3% advantage.

It's all just more flip flop from Gardin. One step forward, a step to the left a dummy to the right and a quick step back. He's juggling the balls and it's getting harder to keep them airborne!

Buymeanothet:

This has been discussed. Look at the documents section of the second link you posted. The patent application is subject to objections by an anonymous third party, the basis for the objection is it's not novel.

The patent is formed from Naik's M.Sc. thesis which was published about 2013. Specifically he states that the methods have been made public for the Bitcoin community. Since the work is in the public domain, well before the application, a patent is unlikely to be granted. Gardin and his patent agent should have been well aware of that.

Usersteve:

I can only speak for myself, 99% of my trades appear on the list of trades after I've traded. Admittedly not always correctly identified as buy or sells. Please note I'm not referring to trades in QBT.

Since execution is almost always immediate then the mechanism isn't via multiple seperate trades taking bites out of the original amount, I have bought and sold quite large amounts in the past, perhaps very large amounts could executed differently.

BBN posted an analysis of how some trades were executed a few years ago, describing the nibbling away process.

Riceyboy: You post

" Very suspect that a large sell always appears to keep us down! Anyone would think that this share is being manipulated to keep it down at a certain level"

Anyone would think a placing was in progress !!

2 Million doesn't last long when Gardin is sucking out £600,000 a year

Usersteve:

The whole ASIC claims made by Gardin in several RNS were simply preposterous. Throughout he did not seem to understand or consider the cost of the task, he was totally naive. This questions his claim to have a team of experts at his disposal, this seems highly unlikely since a Google of the subject would make it clear what is involved.

What happened to Rita Pizzi as the Chief Reasearch Officer, or was she just another ' name' to provide some credibility to his story along with Grover and Rios.

Oldsharedog:

I'm proud to say every posted I've ever posted on LSE has come straight from my own thoughts. I've made some good observations and written some good posts. Not all but some.

I have tried not to insult others but occasionally I have failed miserably.

I very rarely use foul language or swear words.

I don't claim to be clever or an expert in anything, I'm a decent all-rounder.

I don't make brilliant investment decisions but do occasionally get lucky.

I've learned the hard way about this crooked game, so I'm not here to make millions but a modest amount over time.

I'm still learning !

Janiax:

Gardin won't talk about anything unless it's scripted, even then he can't put cohesive answers together.

Usersteve: You post

" But for these newly announced developments, there is no mention of NDAs nor testing in the these last two RNSs."

The same deal ??

Obelisk: You post

" They know everything and FG, QBT Team, Intel, BitMain and others in the Industry don't know NOTHING"

I think Gardin is a very clever cooky in fact I'd go ad far as to say

You think he know 𝗡𝗢𝗧𝗛𝗜𝗡𝗚, I tell you he know. 𝗙𝘅𝘅𝘅 𝗔𝗟𝗟

Obelisk: You post

" QBT is currently collaborating with two ASIC chip manufacturers who are about to begin detailed evaluations of Method C and its integration into their upcoming ASIC designs."

Don't you see the flaw in that statement ?

Koigg:

YouR circle ??? 𝗬𝗼𝘂𝗿 𝗰𝗶𝗿𝗰𝗹𝗲 !!!! They have money !!

Well what do your technological gifted think about Gardin's claim of a 30% increase in hashing rate when you discard 30% of the inputs to the SHA256 engines. Especially considering the improvement is 43%.

Why not discuss those details ?

Or perhaps the statement

"Installing QBT’s Method B on Chinese manufactured rigs is anticipated to increase the success rate of the mining probability of these machines by 2.6 times. Because of the intrinsic nature of Method B, in order to achieve the same mining success rate a mining enterprise would have to increase its hashing power by 50%"

No, I think you just like to play pretend Koigg

Koigg:

If you don't confirm your buys on this board before the trade then don't waste our time bluffing about it. You're all hot air son.

Koigg:

Did he also pretend he was in Vegas the other week with you ?

RNS 20 September 2023

Can anyone make sense of this statement

" Installing QBT’s Method B on Chinese manufactured rigs is anticipated to increase the success rate of the mining probability of these machines by 2.6 times. Because of the intrinsic nature of Method B, in order to achieve the same mining success rate a mining enterprise would have to increase its hashing power by 50%."

Scottwins: RNS 20 SEP 2023

Nothing new there than, they were supposedly doing that almost 2 years ago

" As a result, the Company is looking to engage with potential partners to deploy Method B in Chinese produced mining rigs, which currently represent over 75%{1} of all operational machines in the Bitcoin mining industry. In monetary terms, at the current overall hashing power of the Bitcoin network, this represents more than 2.5 million miners{2}, costing an estimated USD 5 billion at an average cost of USD 2,000 per mining rig.

Installing QBT’s Method B on Chinese manufactured rigs is anticipated to increase the success rate of the mining probability of these machines by 2.6 times. Because of the intrinsic nature of Method B, in order to achieve the same mining success rate a mining enterprise would have to increase its hashing power by 50%. QBT believes, therefore, that employing Method B QBT believes this could provide meaningful cost savings to the whole bitcoin mining industry, in terms of reduced aggregate capital expenditure. Furthermore, increasing the hashing power, via Method B’s software, without adding new miners could represent a major energy saving."

Kaisersuzae:

Anything increased by 2.6 times is an increase of 160%