Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Eddie563 How is your health?
It would be nice to be a fly-on-the-wall in Eddie’s place when the next QBT communication is an RNS. He will panic and wonder why its not a PRN and may soil himself.
LTH have communicated with QBT (PR & FG) for many months now and I spent a fair amount of my time when I was with FG in London last February discussing the drawbacks of the PRN system.
As QBT are at an inflection point, the only way to ensure that the Market has sight of enlightening news is via the tried and tested RNS system.
Eddie563 not only will your health be impacted, but also your wealth when we utilise the RNS system going forward.
RKB
PS LtdAxis, try to hold, you know it makes sense, forget your 10% trades QBT is changing.
Goof afternoon Tyke68
Yes, F2Pool average in the past 24 hours is more or less back to normal at 22.
Interestingly, Foundry USA has increased from an average of 45 over the past 10 days (and 45.4 over the past 6 months) to 54.
Now this is another anomaly.
Taking 45 as a recent average and increasing in 24 hours to 54 that’s an increase of 9 or 20% increase.
Could our software be trialled with various Miners over the next few days?
RKB
PS Offline tomorrow, away to Centre Parks for three nights, but if a good signal I will check-in when I can.
Continued:
I took the next top 5 Miners and checked their average and there were no anomalies.
Mara Pool
24Hrs 3 average 3
2D 7 average 3.5
4D 19 average 4.8
7D 32 average 4.6
10D 45 average 4.5
Poolin
24Hrs 2 average 2
2D 5 average 2.5
4D 12 average 3
7D 15 average 2.1
10D 21 average 2.1
Brailins Pool
24Hrs 0 average 0
2D 1 average 0.5
4D 8 average 2
7D 18 average 2.6
10D 23 average 2.3
SBI Crypto
24Hrs 1 average 1
2D 2 average 1
4D 6 average 1.5
7D 9 average 1.3
10D 14 average 1.4
Kucoin
24Hrs 0 average 0
2D 1 average 0.5
4D 5 average 1.3
7D 5 average 0.7
10D 7 average 0.7
But if you look again at F2Pool if you take an average of 20 and in the past 24 hours it is 27 that is an increase of 35%
F2Pool
24Hrs 27 average 27
2D 40 average 20
4D 74 average 18.5
7D 128 average 18.3
10D 196 average 19.6
RKB
Tie-up with Miner
I will present some data below and see if you notice anything.
I took the data from the link that Addisonshare posted at 11:44 this morning.
https://www.blockchain.com/explorer/charts/pools
This website gives data with a “Summary of Mined Blocks”.
I have taken the 24 hrs 2D 4D 7D & 10D totals for the top 6 Miners
We all know that Mining difficulty changes over the days as to how many are mining and other parameters.
Statistically, all things being equal (like no increase in Miners, or power outages or down-time for maintenance etc) then over a period, things should average out. It is when there is an anomaly you must look for a reason why there is a deviation from the average.
Foundry USA
24Hrs 44 average 44
2D 92 average 46
4D 187 average 46.8
7D 318 average 45.4
10D 450 average 45
AntPool
24Hrs 32 average 32
2D 67 average 33.5
4D 145 average 36.3
7D 245 average 35
10D 343 average 34.3
F2Pool
24Hrs 27 average 27
2D 40 average 20
4D 74 average 18.5
7D 128 average 18.3
10D 196 average 19.6
ViaBTC
24Hrs 11 average 11
2D 22 average 11
4D 47 average 11.8
7D 78 average 11.1
10D 136 average 13.6
Binance Pool
24Hrs 9 average 9
2D 17 average 8.5
4D 42 average 10.5
7D 70 average 10
10D 114 average 11.4
Unknown
24Hrs 5 average 5
2D 12 average 6
4D 26 average 6.5
7D 53 average 7.6
10D 70 average 10
I believe something happened in the past 24 hours with F2Pool as they had an average between 18.3 & 20 but in the past 24 hours it was 27.
RKB
Coincidence or just speculation
QBT website updated on Tuesday.
Was our software made available the following day?
Following day, a Mining Pool mine half of all the blocks in three hours.
Coincidence or just speculation?
If a Mining Pool can mine half BTC in say not 3 hours but one day, that’s 450 BTC.
At aprox $26,000 per BTC that’s about $11.7 million a day.
Back of the envelope calculation using constant $26,000 that’s $1,170,000 per day if QBT only received a cut of 10%.
Over a year that’s $427 million. Only speculation.
RKB
If there are approximately 900 Bitcoins mined per day and a Mining Pool mined half in three hours yesterday, then that’s about 450 BTC.
Taking an approximate price of BTC at say $26,000 that’s about $11.7 million to be shared with the Mining Pool.
Now if QBT have their software being utilized by the Mining Pool, then there is a revenue stream incoming.
RKB
Bitcoinbull
Can you confirm my arithmetic & logic?
If according to Google Mining Bitcoin Blocks is designed to mine 6 blocks per hour and a maximum of 144 blocks in a day.
If 18 Blocks should be mined in 3 hours, then
If 36 Blocks mined in 3 hours would be 100% increase.
If 54 Blocks mined in 3 hours would be 200% increase.
If 72 Blocks mined in 3 hours would be 300% increase.
If you can confirm the above is not 260% it would be appreciated.
RKB
Fine Incoming from CMA
The Competition and Markets Authority (CMA) has provisionally found that 5 major banks - Citi, Deutsche Bank, HSBC, Morgan Stanley and Royal Bank of Canada - each unlawfully shared competitively sensitive information by participating in one or more series of one-to-one conversations in chatrooms. The alleged behaviour took place at varying times between 2009 and 2013
RKB
https://www.londonstockexchange.com/news-article/market-news/cma-ca98-update-financial-services-investigation/15969540
Do some research.
I haven’t sold and don’t need to buy-back-in as I am already in.
RKB
Good evening Eddie563
I trust you had a good day with your son today, lucky for you it was not tomorrow.
I don’t have insider information; I only have research.
I have my holding which I am happy with, been buying in another Company after I had a complaint upheld.
RKB
Eddie563
I have had to un-filter you as I want to see your reaction tomorrow.
I wonder if you will have some of the QBT cake tomorrow?
RKB
Did you get your buy-in price? I hope you did as today was the last time ever you will get in so low.
Your 10% trades will be a thing of the past after tomorrow.
Keep your 👀 peeled
🐝
RNS Correction
It should not have taken so long for the Director Share Purchase to have been amended.
It appears that my complaint has been upheld.
For future reference, if you have a Corporate Governance concern and our PR, Nomad / Broker or Tintra Plc ignore your concern then please contact,
aimregulation@lseg.com
I have bought some more and will continue to buy.
RKB
PS It appears our Directors dealing charges were £802.52 don’t know who charged him such high fees.
Good morning Panman
Nick runs a tight ship and keeps expenses under control and will do everything to mitigate costs.
By having our Polish facility and access to Europe we are on the front foot, unlike many other companies in our industry.
RKB
Operations Update
UK revenue up c. 73% to c. £307,000 (unaudited) in the year to 31 March 2023
Approximately 68% average gross margin across all UK business lines
£125,000 UK inventory at cost at 31 March 2023
Approximately £1 million gross cash at 31 March 2023 (including £500,000 held in escrow for completion of the Polish acquisition)
One of the largest ranges of CBD products in the UK - over 70 formulated products and, in its own stores, over 400 stock-keeping units (SKUs)
Even more significant are the potential new customers that Voyager is currently engaging in negotiations with. The Company’s vertical integration has enabled it to offer a wide range of products and services in both the UK and EU and potentially service orders of considerably higher volumes. This has opened up a bigger market opportunity for the Company and examples of some of the larger orders on which Voyager is currently finalising terms are the following:
Supplying a range of products to a prominent CBD brand that distributes throughout the UK.
Single product manufacturing under licence for European distribution.
Fulfilling monthly recurring orders for bulk supply of CBD isolate to a European market.
Engaging in licensed manufacturing of multiple products to support expansion into European markets by a US brand.
Collaborating with a European partner to support high-profile brand.
The Icing on the cake:
“Although there can be no guarantee that any or all of these negotiations will materialise into firm contracts, based on the depth of conversations to date management are optimistic that several will move into the production phase shortly. To provide perspective on the importance of these opportunities, it is worth noting that each individual opportunity holds the potential to exceed Voyager’s revenue from last year.”
RKB
Chill Brands Group to launch its range of nicotine-free vapour products to the UK market.in Summer 2023
Chill Brands Group has entered into a contract with “The Vaping Group”
As part of the agreement, they will represent Chill Brands' vapour products through direct introductions to large retailers, category-specific chains, and independent outlets.
“While Chill's devices will inevitably help with the full conversion of smokers and vape users to nicotine free alternatives, the fact that they may last up to five times as long as existing nicotine vapes will also result in a reduced environmental impact.”
“This enlarged puff count also ensures Chill Zero can remain competitive at a higher recommended retail price, elevating the brand beyond the "pocket money" spend category while maintaining attractive margins.”
RKB
Featured in the Independent
As the Links don’t appear to be working since the LSE South East Maintenance 9 days ago, I have transcribed below what it said.
Ascend neck & decollete ceramide cream. 4-star rating
“If you’re looking for something to target neck lines & sagging skin, reach for this cream. Testers were impressed with the whole range of skincare from this brand, with its night seruc (£35 Ascendskincare.co.uk) in particular working overnight miracles on acne so it was hard to pick just one product. But this one really stood out.”
“This 100% plant-based cream was a joy to apply, with skin on the neck and decollete feeling deeply hydrated, and all our testers noticed lifting and firming over the course of a month. Neck lines were visibly reduced, and the skin overall appeared more youthful.”
RKB
PS ComTruise I know you like to look good, maybe try some of our products.
https://www.independent.co.uk/extras/indybest/fashion-beauty/skincare/best-cbd-oil-hemp-beauty-skincare-benefits-a9291806.html
Some Clarity
First, we have had an excellent RNS (PRN) and two fantastic interviews.
One day the Market (hopefully soon) will wake up to what QBT has achieved.
DSFLAT re your post 17:24: a little arithmetic, taking 6.25 bitcoins (what you get as a price every 10 minutes, plus commissions for transactions closed in the block) times say $30,000 makes circa $200,000. So that’s where the $200,000 came from.
I tweeted earlier today to keep an eye on the bottom of our Home Page:
Mining Hardware
Mining Software
Mining Pool & Data Services
RKB
PS Do not underestimate why FG had Peter Furhmam join as a NED (Based in Shenzhen in China) and also why FG had Mark Trafeli join as a NED (UK based Lawyer)
https://quantumblockchaintechnologies.co.uk/investor-relations/board-of-directors
Poor Corporate Governance
I could say a lot about the Poor Corporate Governance with TrueSpine but Unwinalott covers some of my thoughts except:
It was on the new CEO, Laurence Strauss watch, that the Charge over the only asset TrueSpine owns was signed by Laurence Strauss on 28/04/23 as per document lodged at Companies House (see page 27 the last page of the 31 page Trust Deed)
If you know which Corporate Bodies are poor at Corporate Governance, then you can avoid the Companies that they are suppose to “Advise”
RKB
Philjackson
Yes, you are correct it will cost £ to fix the RNS from March, whos fault is that?
Do you think it is myself? What for pointing out a discrepancy?
TNT could have sorted this out one week after the RNS and either confirmed it was a typo or it was a misunderstanding. They chose not to amend so they pay the price.
I managed to pick-up 1,500 shares (there on the AQIS site) at 26% less than the recent Director purchase.
RKB