RE: Are we about to a mine Bitcoin now14 May 2023 19:05
Jamboner and friends, please see my response below.
This is not a deramp, if anything this is the debate you want and I’m happy to be corrected. Also, FG as you monitor the boards some timescales/targets communicated would help us shareholders stop bickering.
Before you read the responses, take a deep breath and don’t get your knickers in a twist because someone is making objective observations.
1. The announcement of being 2.6 x faster (160%) in producing bitcoin with the same mining machine with QBT software added, quite some achievement I would say?
Yes, this is great. It is also only theoretical and carried out and tested on a statistical model lower difficulty than the current real life miners. The reason the market has not pi553d its pants over this update is because we have digested this is not tangible or marketable.
2. QBT gathering rigs and adding software for real term commercial testing, FG did mention a possible partnership with these rigs so…..sounds very promising to me anyway
The real question is why this hasn’t already been acquired, how long will this take? To me it’s just an update to say we’re doing more testing, which isn’t necessarily the worst but if it’s gonna be another 2 years like previous, well, need I say anymore…
3. With this testing on multiple machines to hone the commercial product do you thing the by product will be actual bitcoin because I can’t see how it won’t be? How long before we get a news release to say we have started mining because I can’t see how FG can hold back such an important piece of information?
Again, yeah, would be great but I don’t see them testing on a scale to the point that we’d be mining enough bitcoin to improve our finical position.
Now my question is and I would like an answer. There are options which have been pushed for several years now in October of 5p and 10p. What is gonna happen between now and October to push our share price higher or is this just a number to keep shareholders thinking somethings coming soon?