Member Info for Quant

Can sell 2.5 million live. Lol

From the other side :Getting the most out of older bitcoin mining equipment, extending their useful mining life.

CAN OLDER BITCOIN MINING RIGS REMAIN COMPETITIVE WITH QBT TECHNOLOGY APPLIED?

I have put together a quick and dirty comparison of some popular bitcoin mining rigs.

The table shows TH/s Before and after applying QBT currently RNSed potential optimisations.

Mining Rig ---------- CURRENT TH/s --------- Cost approx ----------- QBT tech 24% plus 7% Applied

Antminer S19 m------------- 95.0 TH/s -------------$10k -------------------126 TH/s
Antminer S19 Pro ----------110.0 TH/s -----------$15k --------------------145.9 TH/s
Antminer S19XP ------------140 TH/s------------- ?????? -------------------185.75 TH/s
WhatsMiner M30S+-------- 100.0 TH/s -----------$8,500------------------ 132.7 TH/s
Antminer T17 -----------------42 TH/s -------------$1,900 ------------------ 55.7 TH/s
AvalonMiner 1246---------- 90.0 TH/s------------ $9,000 -------------------119.41 TH/s

Let me know your thoughts on any implications of this.

The next giant leap: why Boris Johnson wants to ‘go big’ on quantum computing

The technology behind everyday computers such as smartphones and laptops has revolutionised modern life, to the extent that our day-to-day lives are unimaginable without it. But an alternative method of computing is advancing rapidly, and Boris Johnson is among the people who have noticed. He will need to push the boundaries of his linguistic dexterity to explain it.

Quantum computing is based on quantum physics, which looks at how the subatomic particles that make up the universe work. Last week, the prime minister promised the UK would “go big on quantum computing” by building a general-purpose quantum computer, and secure 50% of the global quantum computing market by 2040. The UK will need to get a move on though: big steps have been taken in the field this year by the technology superpowers of China and the US.

Peter Leek, a lecturer and quantum computing expert at Oxford University, says “classical” computing (the common term for computing as we know it) has been an incredible 20th-century achievement, but “the way we process information in computers now still doesn’t take full advantage of the laws of physics as we know them”.

https://www.theguardian.com/technology/2021/nov/21/next-giant-leap-boris-johnson-go-big-on-quantum-computing

Ooooh, Welcome aboard Boris, you have made the right choice in QBT haha.

Don't post a lot as trying to avoid sea monsters. Mac, get a mac, the rest of you short arrises, get a life.
What did I learn here: Sandy has got a big bugle, the wolf is in sheeps clothing and I am gonna get a beer.
Don't entertain the shorties and throw the dog a bone.
Good weekend to all salty old 'long ones' here.

Highest volume day today for a week. We are green, on a day when all other crypto stocks are down. A good day.

Have a good weekend all, look after your friends and family in these strange times.

Thanks Happytobemike. So there is some consensus here that QBT is potentially a good investment regardless of BTC price movements. If we invest directly in bitcoin miners, or bitcoin itself, there is clearly downside risk.

At QBT the risk seems mitigated. This potentially makes QBT a great hedge investment either way.

Any Crypto fan can surely see this. It is clear for me. I have therefore increased my position today, on a risk mitigation basis, based on this logic. Thanks again for your input.

I find our stocks movement , seemingly aligned with btc, to be somewhat curious. So I want to question that apparent connection.

If our technology works as advertised so far, then btc miners will need it whether btc is at $100k or $30k.

This is because reducing costs and energy consumption matters the same regardless of bitcoins price level. Even more so imo if btc miners are struggling to mantain margins. Basically, I believe that btc/crypto miners will need our technology in all circumstances.

I therefore think QBT is actually effectively a defensive stock in a bitcoin winter. And a great stock to own when bitcoin recovers lost ground.

Any thoughts on this welcome?

Eddie plays the same tune as a small group on the dark side. Meanwhile you can sell 2.5 million QBT live. What does this mean. GLA

Black Friday lol, ok lets go shopping.

This is ofc all plan A, will save plan B, C, D and E for laters.

This is how the worlds most ESG focused and cost effective pineapples will be brought to market by the man from DelMonte imo :-

IT Infrastructure - second Extract
QBT has made available to its team members the most advanced IT facilities, located in a data center in Northern Italy, which include CPUs with more than 256 cores, GPUs in excess of 30,000 cores, several Terabytes of RAM and 2 Petabytes of storage for the very large big data being analysed. Moreover, cloud access to D-Wave’s 5,000 qubit quantum computer and other cloud computing facilities, make the development environment a state-of-the-art IT development platform for QBT’s R&D Team.

The heart of the classic computing facility is the machine learning engine with more than 30,000 GPU cores available, more than 200 CPU cores and a very big data of more than 2 Petabyte of memory, with several tens of l CPU cores which supports the Bitcoin mining network infrastructure, for solo mining and proprietary pool mining.

Different FPGA chips are currently being tested, which play different roles in the Bitcoin mining optimisation process.

The quantum computing facility, available on the Cloud, is represented by the 5,000 qubits and 75,000 qubit interconnections, available on D-Wave’s quantum computer, which will be upgraded in 2022 to 7,000 quits and 140,000 quit connections.

They would also need the hybrid computing system layer for pre/post processing of Quantum Computer data, at the right price! :-

IT Infrastructure Extract :-
Local integration between the classic computing facility and the cloud quantum computing, provide an additional advanced hybrid computing system layer, on top of the one already provided by D-Wave, making it possible to pre-process and post-process, in real time, computations carried by the quantum computer.

Moreover, QBT has selected software systems, in particular, neural network models, either commercial, public domain, or proprietary, as key research elements, which are combined with data pre-processing and post processing tools. A number of advanced compilers are being used, including some for the optimal allocation of tasks on multi-core systems, together with a VHDL platform for FPGA programming environments and solo, or pool mining nodes, in the software environment.

Not yet, they may be waiting for our new rigs at potentially a tenth of the cost, rude not too imo. Raising $100 million would sure beat raising a $billion for funding their new kit. Imagine what kind of an idiot any CEO would look if they spent ten times more than necessary to mine the same number of bitcoin!

I keep banging the same drum. Penny will drop soon.

Save your energy for tomorrow then lol ;)

Here he is again, from the 80's I think : https://www.youtube.com/watch?v=YqmpVWzH4FM

Haha FTH, Man from DelMonte says yes. Got an FG swagger about him : https://www.youtube.com/watch?v=YqmpVWzH4FM

Bitcoin pushing towards $60k, weekly high if it gets there. Good end to the week on the cards imo.

Agreed FTH. We have tippy top blockchain sector ESG (Environmental, Social, Governance) green tech to welcome in the new year with .

Would make a great investment in any serious investors green tech New Year portfolio. Could even making a cracking Christmas present if your other half is worried about the environment! Even better buy now of course imo.

Our potentially $2k bitcoin mining rigs vs $20k bitcoin mining rigs? Hmmmmmm.

https://www.investopedia.com/terms/e/environmental-social-and-governance-esg-criteria.asp

Yes, can sell 2 million here live, what does that tell us all lol.