RE: Quantum Blockchain Technologie Update on Bitcoin R&D15 Nov 2022 07:41
Interesting preliminary laboratory results have been achieved to date with Method B, which is based on two different combined ML methods, indicating a statistical improvement of up to 30% over existing commercially available ASIC chip-based BTC miners. That is, regardless of the performance of the ASIC chip used by the miner, the Company's proprietary software could statistically still increase mining speeds by up to 30%, whilst not impacting the miner’s power consumption.
Provided that the performance of the Method “A” and / or Method “B” algorithms are confirmed, the goal is to run them on existing commercial miners to improve their performance, as stated above, by replacing the native control software with QBT’s own control software. Based on current test data, we would expect to see an immediate improvement in the overall performance of the mining rig, without any need for additional hardware investment.