RE: patient patent11 Nov 2021 12:26
We have discuussed this already, pat pending covers QBT. Focus on the recent RNS imo, in particular the following:-
HIGHLIGHTS
Disruptive Bitcoin mining technology development is well under way
QBT researching multiple routes to faster Bitcoin mining
Bitcoin algorithm core architecture for an FPGA chip has been selected and modification completed
To keep costs low, initial testing performed on an FPGA chip
Architecture design work for ASIC prototype to commence before year end
Testing will commence on the final design of the more expensive / faster ASIC prototype chip by end of Q1 2022
Ultimate goal is to produce an enhanced 7 nanometers (nm) ASIC chip
Early internal calculations show a final chip that could perform 24% quicker than current best available ASIC
OVERVIEW
The goal of the Company is to develop disruptive Bitcoin mining technology, to mine both faster and with less overall energy consumption than current practices. A number of advanced technologies are being used by QBT to achieve this goal; namely, quantum computing, AI Neural Networks - Deep Learning, Algebraic-Boolean reductions, Very Big Data, Cryptography and custom chip programming and design - using GPU, FPGA and ASIC chips.
The current technique used by producers of Bitcoin mining technology on dedicated computers to achieve the fastest performance, is by manufacturing single purpose, customised ASIC chips, which can perform only one wired function, i.e, the computation of the double hashing; the SHA26 cryptographic algorithm used to extract Bitcoins. The simple reality is that the faster the algorithms are computed and the more ASIC chips deployed, the more chances a miner has to extract Bitcoins.
Before manufacturing an ASIC chip, which is an expensive operation, there are usually two initial steps; firstly, to develop the logic gates architecture which will be used by the final ASIC chip – this is performed on a cheaper but slower chip, called an FPGA, which already contains some pre-defined functions - and secondly, by customising the design to take advantage of the greater freedom offered by ASIC technology, initially by manufacturing a prototype in a small batch, to keep costs low. The final stage, manufacturing the completed ASIC chip, is an expensive process, but the end result is a very small scale (currently up to 5nm) processing chip, which is significantly quicker, leading to greater results when mining Bitcoin.
QBT has now completed the FPGA development phase and is moving to develop its ASIC protype.
Initial estimates derived from the FPGA performance obtained from our internal testing, would indicate that when the final industrial ASIC prototype design is completed it could outperform the fastest ASIC chip, currently being used to mine Bitcoin by at least 24%.
Moreover, early experimental evidence, using AI techniques to multiply by several factors the speed of an FGPA for computing the Bitcoin mining algorithm, wo
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