Member Info for Phimx

Dracula1: You posted

" Phimx, QBT will either succeed or not. You speak In a voice as If you know for certain that Nothing can be Improved on. Clocks have come a long way since the Sun Dial. Even what seems simple things now, where was the overall use of Laptops in the '70s. IMO."

Totally agree with you, Bitcoin mining has come a long way since Naik wrote his thesis in 2014 upon which QBT is founded. I believe that the industry has little or nothing to gain from QBT methods and that's why it is floundering in a sea of Bitcoin faryes and vague demonstrations.

Koigg: You posted

" Already 3 blocked messages, easily triggered or just knowing more than the people who really know?"

Well there are not many more knowledgable than Dr-CK, after all he wrote the CGminer code !

Get real !

The power or beauty of a discussion board has an analogy to a mining pool, everyone is working on a tiny part of the subject.

It pays to ignore none of the information

Koigg:

You are not blocking me. You are blocking information that could be relevant to your investment.

Whether or not you wish to accept it is your choice but now you have stuck your head in the sand.

Https://x.com/ckpooldev/status/1773906971806298306

Dr-CK in the message forum, linked below, is the original developer of CGminer.

It is easy to trace him on Wikipedia.

WillIwontI:

In providing a link to information that may be relevant or not to the QBT discussion.

Everything, posted here or elsewhere, is for participants in the discussion to use as they see fit.

I believe, the information here fleshes out the CGminer saga given in QBT RNS.

You can interpret it however you wish, fortunately we have a choice!

This snippet from the link

" If they can't figure out the CGminer code then it just further proves they are most ******* holding out the sparkly shiny promise of 'something revolutionary' based on the Majik buzzwords "AI Learning" to attract Investards willing to throw money at them and that they have no one on their 'team' that is even moderately skilled at programming. It is NOT that complex and each block of code is very well documented."

Usersteve:

This makes interesting reading, read both pages.

https://bitcointalk.org/index.php?topic=5489252.0

Usersteve:

Supposedly, Method B tells you where to search in the 2^1024 range and Method C can further sift out the definite losers from the potential winners. Why is there no talk of combining the two? Why has QBT not declared a single Bitcoin mined, especially using the SaaS which has been up and running for a couple of years now.

I don't believe a word of it. That's my opinion Mickeydj it cannot be false and it cannot be misleading.

Usersteve:

Embedding other functions kinda makes a mockery of the term 'Application Specific', unless all of the functions are used to achieve the application.

It's like my phone, I've paid for features I never use!

Bushveld is in liquidation ?

Scottwins: by introducing say an embedded processor into your ASIC you are blurring the distinction between FPGAs, CPUs, GPUs, SOCs and ASICs and probably other exotic devices

An ASIC is meant for speed, economy and low energy consumption. A hashing ASIC has one role in life, take data in and run that data through a logic sequence 𝗮𝘀 𝗳𝗮𝘀𝘁 𝗮𝘀 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝗲 and present it at the ouput. Any superfluous logic functions increase power consumptio and increase cost. I won't deny that you could build anything into your ASIC. If you want versatility use a FPGA but it won't be as fast and probably has lots of function blocks you don't need thus is more expensive due to the increased area. The big downside is the longer pathways between the logic blocks that reduces how fast it can go.

If you need lots of versatility use a CPU.

Hashing is all about finding the winning hash before the next man

Scottwins: You posted

" Phimx, the firmware can be updated/altered, obviously you can’t alter the physical chip."

There is no firmware inside an ASIC.

Scottwins: You posted

" That could open up rigs manufactured by these people, could they issue a firmware update for their chips already in play?"

ASICs 𝗰𝗮𝗻𝗻𝗼𝘁 be updated once manufactured.

Scottwins: You posted

" Lets not also forget that the Large ASUc manufacturer has been testing QBT methods on their own ASIC’s"

You haven't read much here that's gone before. ASICs are expensive and time consuming to make. QBT stated they have Method C running on a FPGA, a different chip, which runs a lot slower but can confirm the logic implementation.

Get Googling

PAS14: You posted

" so why the hell invest in it (and BOO) in the first place … it’s always been a high risk / binary play here, since day 1,"

From day 1 eh, how did you work that one out?

In my not so considered opinion, placing shares are being sold off now above 0.6p. I expect the placed shares to go for 0.5p.

And that's why the share price is marking time around this price.

Usersteve: You posted

" Hexam said "A bigger red flag to me than all this though is that as far as I can see there has never been any feedback of how well any meetings have gone..."

This to me is probably the biggest issue I have with them. Over the years QBT have been more than happy to announce many meetings and NDAs, but I cannot recall a single announcement that advises the market of the outcome. "

See INSP for the same behaviour. It's pretty standard fare for companies pushing a non-commerial project. Are there any AIM companies declaring negative news which would impact the share price ?

Riceyboy:

I wrote on the INSP board, pointing out the absurd RNS statements, for 9 long years; unfortunately the UK is filled with mugs desperate to lose their money. I think VAL has now into its third decade, UKOG is still going.

There's a lot of mileage still to be made and a lot of fees to be paid to Gardin yet.