The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
A big article re QBT this morning by Proactive- QBT just needs time!
bitcoin miners to test mining tech
Quantum Blockchain Technologies PLC (AIM:QBT) has teamed up with a number of major North American cryptocurrency miners in order to better understand their commercial needs.
Quantum, which is developing a proprietary bitcoin mining algorithm, is seeking to test its Method B chip enhancements on Chinese mining machines that comprise 75% of the global bitcoin mining industry.
In monetary terms, at the current overall hashing power of the Bitcoin network, this represents more than 2.5 million miners, costing an estimated $5 billion at an average cost of $2,000 per mining rig.
However, due to a lack of publicly available technical documents concerning the mining machines produced by Asia-based manufacturers, Quantum has been faced with significant hurdles.
Nonetheless, through the partial redesign of its ‘Method B’ mining-enhancement process, the company can start porting on the equipment made by the largest mining rig manufacturer in that region.
Installing Quantum’s Method B on Chinese manufactured rigs is anticipated to increase the success rate of the mining probability of these machines by 2.6 times.
Quantum is hoping to pursue commercial arrangements for the deployment of its methods in the mining hardware market segment.
Francesco Gardin, chief executive and chairman of Quantum Blockchain, commented: “Quantum has now entered into the engineering phase of its first two products: Method A which our laboratory tests show an increase in the mining performance by nearly 10% and Method B, which increase the mining probability by 2.6 times.
I’m glad that I re- invested my money in BCE- they have actually found oil and will be going in production in the near future: sp has moved up from 0.09 to 0.255 this morning early days yet- Do your own research before investing, might be able to re- coupe some losses incurred from this stock!
This time around- Turkey oil and 7” Guns waiting is pure misguiding and cheating the investors and the market- why all those who are concerned don’t contact FCA and report the Turkey drilling porkies. Luckily I had sold all mine with a bit of a loss this time around. However the ones who feel passionate need to take action rather than grumble on this board. Good luck
The country is living on borrowed money- Liz Truss caused more pain in 49 days than any other Conservative Prime minister, the market wouldn’t have agreed to let the country borrow more or the borrowing rate would have gone up and we would have lost our triple AAA standing. So get real, market is the one that’s ruling the country and no political party at the moment. The reality is that it’s the Brextiers that have brought the country to its knees, so don’t blame any Government, we’re all paying the price of getting out of EU. Our GDP was 7.4 % when we were in EU, the country was blooming. The immigration is not any less now and we don’t have France anymore to stop the boats, everyone wants a pay rise and sue the Government. This is the time to get united and get out of this mess together and not just blaming the Government for everything! All comments welcomed. I only wish that there could be a national debate on this subject ! Get together and pull out of this mess created by the leavers.
Pay Paul
“launching a stablecoin will skyrocket bitcoin to at least $250,000 faster than it was supposed to, and ethereum likely will 10x on a faster timetable," Shrem, who created one of the earliest bitcoin companies, BitInstant, in 2012, poste”
Why the media and many compare the interest rates to 2008 and beyond and forget that when Ted Heath was a prime minister the interest rates went up to 18% and now there’s so much fuss re 5.25% . People survived paying 18% rates, many had interest payment only mortgages but then there was a boom. So the economy dies go round and correct itself eventually. I think at the moment it’s a savers market and there are more savers than mortgage holders. Lloyd bank does give good saving rates to premium account holders - up to 5.15% on monthly savings, so it’s not all that glooming. It’s the media that’s making it worse and keeps going back to 2008, when the markets crashed and investors lost he’ll lot of 💰
I also think that it should have been left alone and left to consolidate, even when I am better off if it goes up as I get better interest on my savings and I am mortgage free. Putting the interest rate every month isn’t going to help the economy- one sensible voter - who wanted no change. Anyway this drop in price has given me opportunity to add a few more, but would it go up?
37
“Forbes- news today: Now the chief executive of hedge fund Morgan Creek Capital management, Mark Yusko, has predicted the bitcoin could soar ti$300,000 by 2028, with next years supply cut kicking off a rally that will push it beyond gold’s $6 trillion market capitalisation “, so fill your boots and wait 😊
“Forbes- news today: Now the chief executive of hedge fund Morgan Creek Capital management, Mark Yusko, has predicted the bitcoin could soar ti$300,000 by 2028, with next years supply cut kicking off a rally that will push it beyond gold’s $6 trillion market capitalisation “, so fill your boots and wait 😊
Ken Igas is not a fool- he’s already raised 1.5 million from PPP and made money with his buy & sell purchase of 50 million shares at UKOG, it’s my opinion that he’s still looking into getting his fingers into HH and has somehow raised enough money for the deal. He did say that the future is at HH- checkout his past tweets. He has been in this game for a long time!