Member Info for Stampee1

With this new contract, that should open many doors...

And sorting out its money issues...

Could this company be ready to hit 12p

Some of the main businesses leading the way in quantum computing include Google, IBM, Rigetti Computing, IonQ, D-Wave Systems, Alibaba, Xanadu, Honeywell, Zapata Computing, and Cambridge Quantum Computing.

Maybe QBT have or might try out with one of these companies? The bitcoin nerds out there, must be itching to try and see its potential ?

Anyhow, if this does drop back to its old price, it wouldn't be for long, so just strap that seat belt, gonna be lots of ups and downs, your watch this Drama play out.

Everyone forgetting, is 2.5x the fastest, this company will ever achieve, 🙄 , 5.5x 10x 25.5x who knows...

Then Quantum computing comes out, will the algorithm work much much faster....

Bravo F1 👏 👏 👏

I've lost alot of admiration for many in politics/tv/radio/ for supporting the bully. 😔

Their grounds for arguing is "its balanced " not if your not invested, it how the me society thinks, bla bla bla

If I'm invested, I don't need to know constantly if I've chosen the incorrect investment, I don't see how it effects yourselves...

You have to be in early doors....

That's what great about AIM

Take the highs with the lows, expect when playing long term.

If there algorithms do work as said, then this is gonna be a winner...

Why people sit at home and try there best to put other traders off, is one thing I don't understand...

I feel these are either paid, but very bad at there job, or people that are big behind their screens, but wet their pants when confronted...dregs

There's a few quantum computers out there, who knows, maybe we are testing on those ?

And maybe we live in metaverse world , and everyone is wrong...some of us have codes to succeed, and others have codes to fail...

Wow all the naysayers aligned up there perfectly 🥰

Now go back to your bedrooms, mummy will bring your tea up shortly...

To the GOD'S earth 🌎 is just a very smooth marble

For all we know, we might of bought a few bitcoin machines, and mined a bitcoin 😉

There were 19,509,537 bitcoins in existence as of Oct. 10, 2023. Since the cryptocurrency has a limit of 21 million, there were 1,490,463 bitcoins left to be rewarded.

So my calculations say 28 years left of mining, if my calculations are correct.

220,000 next 4 years guess £60,000 per bitcoin = £13 billion

Question to who might know, the top miners, how many can they mine per month?

I'm never knocking anyone, just like working out peoples idea's, £1.7 billion who knows?

Arb at its high, was roughly £1.5 billion

£1.50 would make its mcap £1.7 billion lol

Mark@73 good shout, see that company has a few pennies...6 billion $

In under four years, the bald, goateed Harris, 52, has reinvented himself as what might be called the king of Bitcoin mining infrastructure, and helped make little Rockdale the industry's buzzing world capital

Marathon Digital Holdings are worth 2billion $

1 # option someone like this company, or a big corporate buys this company out , hostile...

2# option go down the percentage/ commission route, I think F1driver came out with sine figures, the lowest I seem to remember is 43pence, and he was being very low key...so 43p +

Hash rate

On a simple level, the hash rate of a miner just tells you how many guesses the miner can make per second.

The higher the hash rate of an individual Bitcoin mining machine, the more bitcoin that machine will mine. Typically, a higher hash rate requires more energy, but that is not always the case. Some machines have the same hash rate but require different amounts of energy to power. That's because one may be newer and therefore more efficient with its power consumption.

All you need to know is: that a higher hash rate for the same amount of power consumption is always better.

The fall in prices for mining rigs comes as miners are gearing up for the fourth Bitcoin halving, expected in April 2024. A halving is a highly anticipated event that takes place roughly every four years, where the reward for successfully mining a bitcoin block is cut in half.

This reduction is designed into the blockchain’s codebase to control its supply economics. Eventually, the rewards reach zero as the number of bitcoins mined approaches its pre-designated 21 million block cap. The next halving is expected to lower the reward to 3.125 BTC per block from the current 6.25 BTC.

Read more: Bitcoin Halving, Explained

Buying opportunity

The miners, facing almost double the mining cost overnight to achieve the same revenue once the halving occurs, will need more efficient machines to keep down costs.

Currently it costs around at least $10,000-$15,000 per bitcoin to profitably mine a block. After the halving, the cost could rise as high as $40,000 per bitcoin, according to some analysts, making the most efficient machines a necessity.

The drop in prices for the newer-generation models seems to have provided opportunities for some miners to scoop up the machines they’ll need to stay profitable after the halving. For example, in April, CleanSpark purchased roughly $145 million worth of Bitmain Antminer S19 XPs.