Member Info for SteamyWee

JOHNO77 - Sounds like this share isn't for you then, there is little point if you don't see the value.

Good luck in your investments👍

Bottom line is, if this works, this is a total disruption to the mining world.

Jambone - Yes. So in effect, if you don't use QBT software, you're out of business. This is why I think a takeover is more likely.

Suthy - The 100% fact and you can google it, ask Satoshi himself, is that only 1 block can possibly be mined every 10 mins.

The effect of attempting to mine 160% faster will contract the network to meet the 10 mins. The effect of that is miners using QBT software will get the blocks and other miners will not.

I think we need to understand how mining Bitcoin works. Lot's of people getting it wrong here.

I see hundreds of posts suggesting we will be mining 160% more Bitcoin in the same time frame as it currently takes. This is simply not true. The Bitcoin network is programmed to only release one block every 10 mins (6.25 bitcoins). Therefore attacking it faster will increase difficulty to ensure that 10 min time frame is adheared to.

The reality of what QBT offers is a reduction in the mined coins by any miner not using QBT software or the user to use less machines to accomplish a block.

Bottom line, using QBT software in effect lowers none users Bitcoin mining prospects by 160%

THEDARKKNIGHTS

I have been reminding the board every so often with his posts. His game is clear and should most certainly be ignored.

JOHNO77 - Regarding Dynasty. I would expect it to be worth much more than it is now with all of the partnerships its taken on. To put a figure on it, I'd be guessing. Best you can do is read the Dynasty RNS's and make your own mind up. You have to be comfortable with your own investment.

From the RNS dated 28th September 2022

"The Company is currently carrying the investment in Dynasty at the last external valuation of approximately £4.6million. For the reasons highlighted above, it is the Board's belief that Dynasty's valuation should have increased significantly since the company's last fundraise and should be worth considerably more than the current carrying value. Furthermore, the recent strengthening of the US dollar against sterling means the current carrying value of the Dynasty shareholding is over £6m based on current exchange rates."

Porky9 Premium Member

Posted in: VAL

Posts: 6,183

Price: 52.50

Strong Buy

Now some here may not like my ultra bullish stance, I get that, but how can anyone somehow think that its in anyway acceptable for ***** to post here all weekend 22 posts on Sunday and today telling everyone to sell so that can try and get back in a few pence cheaper a good thing? It is not, it is damaging to this business. Further it is distracting for new investors visiting here who want to discover more.

Now unless you are shorting yourself or have sold out and want to get in cheaper, for the vast majority here that are long we want the company to continue its success and its share price to continue improving. This is my point. Why not shout about it, we have a lot of positivity here. All shareholders should get behind this great business.

Pork's

Yes John. It's certainly worth much more than it is now. The last Dynasty valuation from years ago is worth more than our current market cap. Well worth you flicking though Dynasty RNS's for a better picture for yourself. If you're thinking of investing for Satishipay, you'll probaly not invest, I wouldn't have. I'm here for Dynasty, I always was. It was the potential Dynasty IPO that took us to 0.59p before it kicked off in Eastern Europe. People seem to think the IPO may happen next year when "IPO's are great again" lol. If it does, then we may see figures higher than the last time. They've expanded quite a lot since then.

From the latest figures RNS (based on old valuation)

"Dynasty is also building close relationships with two of the Company's other portfolio businesses, Googly Media Holdings ("Googly") and Paidia Gaming ("Paidia"). Googly had a soft beta launch in May 2023 which proved highly successful. India is a particularly exciting market, being arguably the fastest growing gaming market and already the largest mobile gaming market with 500m gamers forecast to grow to 800m gamers within the next 5 years. Dynasty's partnerships with Googly and Paidia sees it sharing 50% of all revenue generated. Paidia is a female focused business and brand based in North America and is performing strongly.

To date, the Company has invested approximately £968,000 in Dynasty. Based on Dynasty's valuation of US$50 million in the last equity fundraising round, the Company's holding in Dynasty is valued at approximately US$6.5 million (approximately £5.4million)."

Suthy - If whoever is testing it now is doing so 'live' then the network will retract and immediately and knock out everyone else. All QBT would have to do is pull the plug to create the leverage it needs.

Suthy - Personally I see a couple of the largest miners merging and taking QBT in with them. Time will tell.

Suthy - This is the only way to go for QBT. Played right, could make QBT worth a lot of money.

The fact is and always will be that it will take 10 mins to mine one block (6.25 Bitcoins) no mater how powerful a computer is. That's how the blockchain was made. It's this way to provide security.

What QBT offers is a way to kill off all miners who don't use it's software.

"Correct, so assuming QBT's software works in the real world and if all the miners used it, they'd be worse off than if non of them used it, worse off because they'd have to give a cut of their profits to QBT for using the software. Personally I have serious doubts whether QBT's software will perform in the real world, with the amount of data the bitcoin network crunches every second."

And that is why one miner or a conglomerate needs to engage with QBT. There is no way on this [spherical] Earth that more than one miner could take this on.

The danger (or opportunity if you like) is that as soon as a miner uses QBT sofwtware the entire blockchain will react and slow down the mining rate to compensate. This in theory could provide huge leverage for QBT to go to the market and say "if you want to stay in business, you now have no choice to but buy it". BIdding war could start.

I'd imagine the price of Bitcoin would also rise substantially.

I think we need to understand how mining Bitcoin works. Lot's of people getting it wrong here.

I see hundreds of posts suggesting we will be mining 160% more Bitcoin in the same time frame as it currently takes. This is simply not true. The Bitcoin network is programmed to only release one block every 10 mins (6.25 bitcoins). Therefore attacking it faster will increase difficulty to ensure that 10 min time frame is adheared to.

The reality of what QBT offers is a reduction in the mined coins by any miner not using QBT software or the user to use less machines to accomplish a block.

Jon - Yes as soon as someone starts mining faster, the dificulty increases. In effect, one miner could become the fastest but at pretty much the same speed as now, effectively put others out of business. Alternatively, one miner could probably just use less machines and save on resourses and mine the same without increasing the difficulty.

JOHNO77 - Did you invest in BLU in the end?

Richie33 - You do realise that Quantum in QBT stands for Quantum Cryptography don't you? And not computer...

https://slideplayer.com/slide/5075619/

Markeurasia - For instance 1000 sold at 3p equals £30 / 950 bought at 3.2p equals £30.40 - Less bought than sold but price goes up.

Markeurasia - Sell price is nearly always lower than buy price. Plus as you say, not all sells are sells and occasionally vice versa, depeding on the actual spread at the time.