Member Info for Toger

Argo diluted last night, thats why it’s battered today…

☕️☕️☕️

That’s great news reflection, just what we’re waiting for. Qbt aren’t creating a quantum computer, but when one is available their software can be used to mine!

CLSK - in answer to your question, let me say that of all the gold miners during the gold rush, some made money, some lost everything but the ones who really made money with little to no personal risk were selling spades, picks and general mining equipment. Whilst QBT are reserving the right to mine themselves, the chosen path at present is to lease the mining equipment. Just for clarity, I’m invested here and in QBT, I invested the same amount at the same time… I haven’t taken any money out of either investment. My investment’s been wiped out here but still holding its own over at QBT. Time will tell if the mining methods that they have been doing R&D on for the last couple of years will yield at the current difficulty but that is one of the tests that was carried out to see if it would still be effective. The answer was that they believe it will be. Again, time will tell, the next stage is to test it real time which is as you say the only way to really find out. I’ll be happy if the system works and Arb are a part of it as I still have my shares here. Wishing all investors the best, Toger

Jam one, agree in the main with what you said but I think you misread DSflats comment about Vlad… he said reign in, not resign! Very different.

Unfortunately the world is built on intangibles. My bank account is just numbers on someone’s system but I have to believe that they will be honoured if I choose to utilise it in a shop using a piece of plastic and never actually passing anything tangible over the counter. To reason that Bitcoin could be hacked and therefore we should run away from it could also be applied to all banking.

And don’t forget the decimal system. I’ll warrant ye a shilling to a hapenny it won’t last

“No Capes!” (Incredible)

Just broke through $21k hopefully it’ll hold.

They’ll want both Addison, which leads me to ask if anyone has up to date info regarding the design and production of our own ASIC chip. In my mind I had it that we had a reserved production run for this or next month, but not sure if that was shelved when looking into the 5nm chip.

Thank you for your post Bitcoinbull, no ****ging others off, no unsubstantiated ramping or de-ramping, and I believe backed by good will to be informative to others without agenda. Very refreshing!

Just another 5% rise and I’ll be back in the blue… been a long time coming. Hopefully worth the wait.

Really Pedrobull??? You need to read more…

I for one don’t think that exclusivity will or should be on the table. If every miner took the software deal, there would still be the same number of coin mined… the real selling point here is potentially environmental, and ultimately the cost saving in energy. Any who don’t take the deal would be so far behind the rest and probably out of business as the other miners will consistently be “first car across the line”

I wouldn’t base your calculations on that reply Addison, the cost of producing a coin will have one amount and the cost of operations (overheads) will have another. The 30% isn’t a 30% cost saving, it is 30% additional production. So for instance if it cost £20,000 to produce a coin now, you would be able to produce 1.3 coins for the same cost. The equation for the new cost would be 20000 divided by 1.3 = £15384. Hope that helps

I’m still learning after investing for a couple of years. I thought that the news yesterday should have had a positive effect and was taken back by the negative so reaction. I understand why people want solid financial news but I believe that the company is in a better place after the RNS. 20% up to 30% if you want to take the ambiguous results that way is still an amazing improvement, based purely on software. We still have the chip development and ultimately what FG describes as quantum supremacy in the pipeline.
I’m just imagining how FG will be touting our product to the miners.
I would hope that it will not be undersold. If he could achieve half of the benefits to the miner( for example they mine an extra 60 Bitcoin at no extra expense, they have 30 we have 30), that would result in 10-15% of the miner’s overall productivity to us with no overheads. Would a miner turn down this sort of offer?
I really don’t know how these things work, so happy to put it out there for discussion.

Suthy, a few dates you should be aware of. November 5th, July 4th and Chinese new year. :-)

Just my thinking on this and opening conversation. Earlier today I think it was Addison who suggested real life testing as being the third party verification proves. It was discarded at the time. For me it makes sense that after achieving theoretical results, the next step is to test it in real a life environment. Given that we have third party partners with NDA’s and previously we considered these could be miners, would it not make sense for one of these miners to be trialling the software/chips across a set number of miners. That being the case I would imagine that they would want to have a full month of mining to gain true and verifiable results. All the major miners report after each calendar month. If this is what is happening behind closed doors then I would expect a report at the end of next week or beginning of the following.

Withy - have you tried to buy on HL? I just tried a dummy sell (no funds to buy) and it won’t trade although showing live trading prices. I think that’s the problem. They’ll catch up but have perhaps left some out of pocket as the sp rose

Well done Aldenobarain, let us know when you come up with something new, relevant and worthy of posting.