Member Info for Quant

Nice little raid lol, wonder why.

Yes RhHh. Seems a little chiily this morning, so I have had to turn my heater on. Next news to come from multiple R&D streams. Which one will bear fruit first.

The primary goal of the R&D Programme is to develop Bitcoin mining tools and techniques which will significantly outperform existing practices.

It is an extremely ambitious project, but the radically advanced technologies being utilised render the goal achievable.

QBT’s R&D team is composed of a number of sector experts selected across the UK and Italy, and includes highly skilled professionals, Ph.D students and university professors, with expertise in Quantum Computing, Machine Learning, Cryptography and Algorithms Optimisation Theory.

The main research areas are:

I. Quantum Computing

The quantum computing R&D focus is on exploration of the simultaneous solution of very large optimisations tasks of the Bitcoin mining algorithm, using the quantum annealing basic computation mechanism provided by D-Wave. Several aspects of the overall Bitcoin mining process are potential targets for a quantum approach. These are being explored and their performance is being measured, in terms of execution time and quality of the solutions.

II. Cryptographic Optimisation

While SHA256, the heart of the Bitcoin mining method, is a general-purpose cryptographic algorithm, the restrictions on the input message and output hash strings, are such that a number of specific features can be identified and exploited by QBT’s R&D team for designing optimised versions of the SHA256 algorithm.

III. Deep Learning and Artificial Intelligence (“AI”)

This research area is key for QBT, since the analysis of very large collection of mining data is key for the optimisation of the mining process. Advanced neural networks and the associated monitoring tools are not only knowledge extraction systems, but they play a fundamental role in supporting the human bitcoin mining algorithm experts, allowing them to focus on specific areas to improve their analysis capabilities.

IV. FPGA / ASIC Design

Performance of QBT’s proprietary Bitcoin mining optimisations is first assessed on an FPGA chip, initially by simulation and then tested on real chips. This provides valuable input to QBT’s team for the ASIC design. Performance simulation of the ASIC architecture of the optimised SHA256 cryptographic algorithm is carried out before small batch prototype production, using 12 nm technologies which will be used for the first version of QBT’s ASIC Bitcoin mining chip.

V. Algebraic and Boolean Equation Reduction

The ability to transform a sequence of logical and algebraic complex expression in an equivalent one, but shorter and easier to be calculated, is a key element of the achieving material optimisation of the Bitcoin mining algorithms. The combined use of our human experts and automatic expression reductions tools, is a very promising mathematical approach to achieve alternative methods to optimise th

Fijum, it will likely run faster by those figures If they apply QBT tech to it. They will have to pay QBT for that privilege. ATB

Well thats great then, it is likely to run 24% plus 7% faster with QBT technology. Does this help you?

MrTosh, the 451k trade is 100% a buy, but it is showing as a sell lol. I know this because the purchaser is known to me. ATB.

NT to buy in any volume at all this morning. Interesting. I think DSFLAT may be on to something.

Looks like we've got two spuds in team QBT then Tripod. Don't worry, FG and Conte are both shooting for the Champions League imo. Next year will be our year. ATB

WADDL and HODL haha. Sounds like an old boys football pundit show.
Yes, I had got 6.47p and 10.47p originally for fib extension subject to change though news could blow this out of the water depending on what it is ofc.

Daibando, thankyou - always a pleasure to share knowledge and info around. We are all better off together as a team. Don't worry about bashers, bashers only bash a good stock. On the other site the naysayers in one QBT thread appear to be one person with many faces and an agenda clear for all to see. There is another QBT thread there thats better.

If you take anything useful away from today, remember this post , because if this one R&D stream comes off, then QBT will absolutely fly:-
Just reading through old RNS as the markets are quite. Remember remember the 5th of November RNS? Could cheap FPGA chips actually compete with the best ASIC miners? That would be truly revolutionary in cost terms as top end ASIC rigs can be $20 k. The Fireworks are in this part imo:-

From 5 november RNS:
Concurrently, QBT’s R&D team is also considering an alternative SHA256 computing approach (which is categorised as the basic Bitcoin mining algorithm), and this will be tested within the next three months. The joint effort by the members of our AI team and the Company’s FPGA expert, could improve the current FPGA hash rate of 2.8GH/s by a highly material multiple factor, making mining by the slower FPGA chip potentially competitive against the best-in-class ASIC chip. Should this route be successful, mining via this method could commence as early as Q2 2022.

Thinking about the implications of this. I would estimate FPGA equipped rigs could be put together for around $2k a rig. Compare that to the 'best in class ASIC chip' that FG mentions, those top of the range ASIC rigs are around $20k, and fast climbing in price as demand amongst bitcoin miners increases.

$2k for FPGA versus $20k for ASIC ......,That would be a tenfold saving in costs if this works.
90% cheaper than other rigs.

OR to put It another way:-
TEN TIMES MORE BITCOIN MINED USING FPGA FOR THE SAME CAPITAL OUTLAY COMPARED TO ASIC RIG COSTS.
Revolutionary if this works out. Imagine having patents on that.
HAS THE PENNY DROPPED YET? Hmmmmmm.

BO7 - Who else has a team like ours consisting of Computer Science Professors, AI Machine Learning, Quantum Computing and Cryptography specialists? Let us know if you know of any?

From the website:-
QBT’s Bitcoin mining R&D team relies on more than 200 years research experience, which include some of the most accredited international figures in the fields of quantum computing, cryptography and machine learning (AI).

The team is geographically split between the UK and Italy, involves 7 current, or former, university professors, 2 PhD and 2 university students, and 4 highly experienced professionals.

It is divided into 7 groups, focusing on the following research areas:

I. Quantum Computing
II. Cryptographic Optimisation
III. Deep Learning and Artificial Intelligence (“AI”)
IV. FPGA / ASIC Design
V. Algebraic and Boolean Equation Reduction
VI. Very Large Big Data
VII. High performance computing architectures

Game of cat and mouse today Obelix.

Could not buy or sell just before the end I checked, it seemed to be in auction early.

FTH. Yes indeed, FG has 5 strings to his bow. I have only highlighted the FPGA chip one that QBT is working on.

The thing is, we only need one of the research and develo0ment streams to come off to achieve a huge market cap. This will be totally spectacular if it all comes off.

All this potential for a current market cap of £30m.

If what I have suggested below works, then that alone would turn a reasonable £10m investment in bitcoin mining rigs into £100m of bitcoin processing power compared to all other miners.

Just thinking about the implications of my post below. I would estimate FPGA equipped rigs could be put together for around $2k a rig. Compare that to the 'best in class ASIC chip' that FG mentions, those top of the range ASIC rigs are around $20k, and fast climbing in price as demand amongst bitcoin miners increases.

$2k for FPGA versus $20k for ASIC ......,That would be a tenfold saving in costs if this works.

90% cheaper than other rigs.

OR to put It another way:-

TEN TIMES MORE BITCOIN MINED USING FPGA FOR THE SAME CAPITAL OUTLAY COMPARED TO ASIC RIG COSTS.

Revolutionary if this works out. Imagine having patents on that.

HAS THE PENNY DROPPED YET? Hmmmmmm.

Just reading through old RNS as the markets are quite. Remember remember the 5th of November RNS? Could cheap FPGA chips actually compete with the best ASIC miners? That would be truly revolutionary in cost terms as top end ASIC rigs can be $20 k. The Fireworks are in this part imo:-

Concurrently, QBT’s R&D team is also considering an alternative SHA256 computing approach (which is categorised as the basic Bitcoin mining algorithm), and this will be tested within the next three months. The joint effort by the members of our AI team and the Company’s FPGA expert, could improve the current FPGA hash rate of 2.8GH/s by a highly material multiple factor, making mining by the slower FPGA chip potentially competitive against the best-in-class ASIC chip. Should this route be successful, mining via this method could commence as early as Q2 2022.

A warm welcome to all new investors coming from Freetrade from today. The more the merrier on the good ship QBT.
Spread the word folks and HODL 4 GODL.
GLA

I like it FTH

RIGHT PLACE X RIGHT TIME X RIGHT TEAM X RIGHT SOLUTION = MAXIMUM SP

Keep your focus folks, hold onto your Quantum tickets.
Whether bitcoin is flying or on its backside, we have the technology in ongoing development that to keep any ASIC equipped bitcoin miner ahead of the pack.

Where QBT leads, others will follow, at the right price naturally.
HODL 4 GODL

At Quantum Blockchain Technologies we have the solution to all of the worlds bitcoin miners woes regarding the following issues:

1 - Long bitcoin mining rig order lead times.
2 - High amortised costs due to rapid mining rig obsolesence. (Last years models next to useless).
3 - Excessive energy consumption.
4 - ESG compliance.
5 - HIGHEST POSSIBLE HASHING SPEED

The QBT EQUATION IS SIMPLE =

RIGHT PLACE X RIGHT TIME X RIGHT SOLUTION = MAXIMUM SP

These three factors will all COMBINE TOGETHER TO PROVIDE A SUPER POWERFUL MULTIPLYING FACTOR TO THE SP.

Our time is now. We are sitting at the bottom of the mountain, looking upwards with a broad smile, and all of the climbing kit that we need to get the job done. Bring it on FG...

Lol FTH, someone is buying these up today large imo.

Yes FTH, can sell a million no probs live.

Added a few more, 284k so far.
Trust your research folks
Keep focused on the prize
HODL 4 GODL