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Quantum Blockchain Technologies Plc (QBT)
Quantum Blockchain Technologies Plc (QBT) Dividends

Stock Name	Stock Symbol	Market	Stock Type
Quantum Blockchain Technologies Plc	QBT	London	Ordinary Share

	Price Change	Price Change %	Stock Price	Last Trade
	0.025	1.28%	1.975	15:46:28

Open Price	Low Price	High Price	Close Price	Previous Close
1.95	1.95	2.20	1.975	1.95

more quote information »

Industry Sector
NONEQUITY INVESTMENT INSTRUMENTS

Quantum Blockchain Techn... QBT Dividends History

No dividends issued between 30 May 2013 and 30 May 2023

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Posted at 30/5/2023 14:57 by sharetalk If QBT license Method B to all nine large North American miners detailed in QBT's March 2023 Report, that could make QBT bigger than the largest of the nine, even more so as most of QBT's revenue would be commission and thus clear profit, without the expenses of mining and equipment purchase.On that basis, QBT could become a $multi-billion company over a period of a few weeks or months. Read Full Thread Follow Reply
Posted at 27/5/2023 15:27 by sharetalk All nine of the large North American miners would gain from using QBT's software and loose out if they didn't use it. Based on what FG said in the interview yesterday, it could be deployed in around two months time, so by end July. That would presumably mean instant revenues for QBT and a share price 100p to 200p, or more if the bitcoin price rises as it should at some point. N.B. QBT Commercialistation: Several routes, incl QBT could license its software to miners* (in return for percentage of the extra coins mined), mine itself, license its faster ASIC chip to manufacturers (e.g. in return for commissions on sales), or a combination. * QBT Market Research Report - 'BTC 2022 Mining Industry: Main Listed Miners,' QBT, Mar 2023 (Tab 6, Page 11, Bitcoins Mined by Nine Key Bitcoin Miners in 2022): https://quantumblockchaintechnologies.co.uk/component/osdownloads/free-abridged-report/btc-2022-mining-industry-main-listed-miners-free-report?Itemid=171 -- Core Scientific (USA) = 14,420 (4.4%) -- Riot Blockchain (USA) = 5,536 (1.69%) -- Bitfarms Ltd (Canada) = 5,168 (1.58%) -- Hive Blockchain (Canada) = 4,628 (1.41%) -- Marathon Digital (USA) = 4,144 (1.26%) -- Cleanspark Inc (USA) = 3,917 (1.20%) -- Hut 8 Mining (Canada) = 3,568 (1.09%) -- Iris Energy Ltd (Australia) = 3,472 (1.10%) -- Argo Blockchain = 2,199 (0.67%) -- Total = 47,052 (14.4% of world bitcoin mined) If QBT had licensed its 2.6x software (10/5/2023) to nine key Bitcoin (BTC) miners above for Full Yr 2022: -- Potential BTC mined if using QBT's 2.6x software = 47,052 x 2.6 = 122,335 -- Potential extra BTC mined if using QBT's 2.6x software = 122,335 - 47,052 = 75,283 -- 25% commission to QBT on extra BTC mined = 0.25 x 75,283 = 18,820 Bitcoins to QBT -- Value of commission to QBT at say $30,000 per Bitcoin = 18,820 x 30,000 = $564,600,000 ($564.6m) to QBT -- Almost all profit, as QBT only distribute software, without mining expense. -- Excludes further gains from using QBT's ASIC Chip or Quantum version (orders of magnitude faster), higher commission to QBT and higher bitcoin price. QBT News (26/5/2023): hTTps://uk.advfn.com/stock-market/london/quantum-blockchain-techn-QBT/share-news/Quantum-Blockchain-Technologies-Plc-New-Marketing/91168593 QBT appoint Marketing and Business Development Manager to address large bitcoin mining businesses in US and Canada, bitcoin mining rig manufacturers in US and China, and be in charge of initial phase of QBT's recently established renewable energy zero carbon mining project. QBT Interview (26/5/2023): https://www.youtube.com/watch?v=dQDAZqIkOQQ - QBT will be concluding deals within a few months (hence the new marketing appointment today). The "sell cycle is typically a few months...so it's better to start now". - "it's a huge market with huge potentials". - The next big announcements will be, "strong partnerships" (deals) with "stong [North American] partners in the sector." Read Full Thread Follow Reply
Posted at 26/5/2023 19:17 by sharetalk QBT News (26/5/2023) hTTps://uk.advfn.com/stock-market/london/quantum-blockchain-techn-QBT/share-news/Quantum-Blockchain-Technologies-Plc-New-Marketing/91168593 QBT appoint Marketing and Business Development Manager to address large bitcoin mining businesses in US and Canada, bitcoin mining rig manufacturers in US and China, and be in charge of initial phase of QBT's recently established renewable energy zero carbon mining project. QBT Interview (26/5/2023) https://www.youtube.com/watch?v=dQDAZqIkOQQ - QBT will be concluding deals within a few months (hence the new marketing appointment today). The "sell cycle is typically a few months...so it's better to start now". - "it's a huge market with huge potentials". - The next big announcements will be, "strong partnerships" (deals) with "stong [North American] partners in the sector." Read Full Thread Follow Reply
Posted at 26/5/2023 13:47 by sharetalk QBT News (26/5/2023) hTTps://uk.advfn.com/stock-market/london/quantum-blockchain-techn-QBT/share-news/Quantum-Blockchain-Technologies-Plc-New-Marketing/91168593 QBT appoint Marketing and Business Development Manager to address large bitcoin mining businesses in US and Canada, bitcoin mining rig manufacturers in US and China, and be in charge of initial phase of QBT's recently established renewable energy zero carbon mining project. QBT Interview (26/5/2023) https://www.youtube.com/watch?v=dQDAZqIkOQQ - QBT will be concluding deals within a few months (hence the new marketing appointment today). The "sell cycle is typically a few months...so it's better to start now". - "it's a huge market with huge potentials". - The next big announcements will be, "strong partnerships" (deals) with "stong [North American] partners in the sector" Read Full Thread Follow Reply
Posted at 26/5/2023 10:46 by city chappy QBT are now in a very good position. All the nine large US and Canadian miners detailed in QBT's March 2023 Report, will have to use QBT's software, or be at a serious disadvantage to be those miners that do use it. QBT can also dictate the terms, e.g. QBT commission to be 50% of the extra bitcoins mined. Read Full Thread Follow Reply
Posted at 24/5/2023 20:49 by sharetalk For those who missed it earlier: Excellent new info re QBT's Methods A and B: 1) Updating of QBT's website Products and Services page and provision of the email contact, suggests commercial availability of Methods A and B is close and QBT will be making them available to third parties. 2) Operation dependent connection to the QBT server, will also presumably: a) Allow QBT to retain more security over the Machine Learning know-how aspects of Methods A and B. b) Allow QBT to monitor the number of bitcoins successfully mined in real time and thus calculate their commissions in real time and perhaps export a proportion of the extra bitcoins mined. ............... Products and Services updated on the QBT website: Mining Software: Method A and Method B hTTps://quantumblockchaintechnologies.co.uk/products-services Method A Quantum Blockchain Technologies PLC (QBT) Machine Learning Research Team has developed a new Bitcoin (BTC) mining strategy, called Method A. Unlike current standard BTC mining approach, based on a search strategy, where the mining rig runs as many Tera hashes as possible, during the circa 10 minutes allowance for each block, with no special criteria on which hashes to process first, QBT Method A, decides, at the beginning of each block hashing, whether to hash using a traditional search, or a spaced confined search. Extensive Lab tests, at a lower difficulty than the current, training complex neural networks, have showed that hashing with Method A criteria, can improve the ability to find a winning hash up to 10%, compared to current search, by tacking advantage of a weak point of the header generation procedure to gain a statistical advantage over competitors of the order of 10% in mining speed. Method A software will be available as a software module upgrade to commercial mining rigs firmware and will be connected to QBT server, where the in house Machine Learning engine, via a proprietary platform, will dispatch to the the mining rig speed-up parameters at the beginning of each new block computation. Activation mode of Method A will be as plug&play on existing mining rigs. For further information, please contact QBT Business Development department at: info@quantumblockchaintechnologies.co.uk Method B Quantum Blockchain Technologies PLC (QBT) Machine Learning Research Team has developed a new Bitcoin (BTC) mining strategy, called Method B. Unlike current standard BTC mining approach, based on a search, where the mining rig runs as many Tera hashes as possible, during the circa 10 minutes allowance for each block, with no special criteria on which hashes to process first, QBT Method B, guides the search, by deciding where the most promising winning hashes are likely to be found. The procedure moves through the state space consisting of different header parameters and, through a composition of ML and mathematical methods, thereby searches and selects portions of the state space for which the hashes will be processed. This approach avoids processing a large numbers of hashes, obtaining the result in less time. Extensive Lab tests, at a lower difficulty than the current, have shown that hashing guided with Method B criteria, can improve the ability to find a winning hash by 2.6 times, compared to standard search, while saving up to 4.3% of energy. Method B software will be available, as a software module upgrade to commercial mining rigs firmware and will be connected to QBT server, where the in house Machine Learning engine, will update the parameter of the software module dynamically. Activation mode of Method B will be as plug&play on existing mining rigs. For further information, please contact QBT Business Development department at: info@quantumblockchaintechnologies.co.uk Read Full Thread Follow Reply
Posted at 24/5/2023 07:06 by sharetalk Excellent new info re QBT's Methods A and B: 1) Updating of QBT's website Products and Services page and provision of the email contact, suggests commercial availability of Methods A and B is close and QBT will be making them available to third parties. 2) Operation dependent connection to the QBT server, will also presumably: a) Allow QBT to retain more security over the Machine Learning know-how aspects of Methods A and B. b) Allow QBT to monitor the number of bitcoins successfully mined in real time and thus calculate their commissions in real time and perhaps export a proportion of the extra bitcoins mined. ............... Products and Services updated on the QBT website: Mining Software: Method A and Method B hTTps://quantumblockchaintechnologies.co.uk/products-services Method A Quantum Blockchain Technologies PLC (QBT) Machine Learning Research Team has developed a new Bitcoin (BTC) mining strategy, called Method A. Unlike current standard BTC mining approach, based on a search strategy, where the mining rig runs as many Tera hashes as possible, during the circa 10 minutes allowance for each block, with no special criteria on which hashes to process first, QBT Method A, decides, at the beginning of each block hashing, whether to hash using a traditional search, or a spaced confined search. Extensive Lab tests, at a lower difficulty than the current, training complex neural networks, have showed that hashing with Method A criteria, can improve the ability to find a winning hash up to 10%, compared to current search, by tacking advantage of a weak point of the header generation procedure to gain a statistical advantage over competitors of the order of 10% in mining speed. Method A software will be available as a software module upgrade to commercial mining rigs firmware and will be connected to QBT server, where the in house Machine Learning engine, via a proprietary platform, will dispatch to the the mining rig speed-up parameters at the beginning of each new block computation. Activation mode of Method A will be as plug&play on existing mining rigs. For further information, please contact QBT Business Development department at: info@quantumblockchaintechnologies.co.uk Method B Quantum Blockchain Technologies PLC (QBT) Machine Learning Research Team has developed a new Bitcoin (BTC) mining strategy, called Method B. Unlike current standard BTC mining approach, based on a search, where the mining rig runs as many Tera hashes as possible, during the circa 10 minutes allowance for each block, with no special criteria on which hashes to process first, QBT Method B, guides the search, by deciding where the most promising winning hashes are likely to be found. The procedure moves through the state space consisting of different header parameters and, through a composition of ML and mathematical methods, thereby searches and selects portions of the state space for which the hashes will be processed. This approach avoids processing a large numbers of hashes, obtaining the result in less time. Extensive Lab tests, at a lower difficulty than the current, have shown that hashing guided with Method B criteria, can improve the ability to find a winning hash by 2.6 times, compared to standard search, while saving up to 4.3% of energy. Method B software will be available, as a software module upgrade to commercial mining rigs firmware and will be connected to QBT server, where the in house Machine Learning engine, will update the parameter of the software module dynamically. Activation mode of Method B will be as plug&play on existing mining rigs. For further information, please contact QBT Business Development department at: info@quantumblockchaintechnologies.co.uk Read Full Thread Follow Reply
Posted at 16/5/2023 07:29 by dipa11 R&D Update - Quantum Computing The board of Quantum Blockchain Technologies (AIM: QBT) is pleased to update the market with the latest advances by its research and development ("R&D") team, which is working at developing proprietary methods to mine Bitcoin more cheaply, quickly and with improved energy efficiency. QBT is pleased to announce that it has retained dr. Lov Kumar Grover (https:// en.wikipedia.org/wiki/Lov_Grover), as a special consultant for the theoretical assessment of the company's proprietary quantum version of SHA-256 (i.e., the Quantum Mining algorithm). Dr. Grover is a pioneer in quantum computing research and development. He authored the first quantum algorithm for database searches while he was a scientist at AT&T Bell Labs. 'Grover's Algorithm' improves markedly the speed, accuracy and efficiency of using large databases by employing quantum computing. This algorithm should have fundamental relevance to the complex task of mining Bitcoin. 1 Dr. Grover has been retained by QBT on an initial contract of 3 months and has been granted 5 million warrants (included in the warrants announced on 20 December 2022) over QBT's ordinary shares, now exercisable at 5p per share before 31 October 2023 instead of 6 June 2023 as previously disclosed. Francesco Gardin, CEO and Chairman commented: "We are extremely pleased that dr. Grover has joined our team. As a leading light in the sector, his profound knowledge of quantum computing theory and optimisation will prove essential for further refining the proprietary SHA-256 quantum version developed by QBT. "In science, like in many other human endeavours, it is the people who make the difference. In our case, we believe that dr. Grover's contribution to verifying the theoretical correctness of our quantum version of the SHA-256 algorithm will be key to the success of our project," Dr. Lov Kumar Grover commented: "QBT is lucky to have, what is, perhaps, the best management team in the area of quantum. Both Francesco and Rita 2 are thoroughly straightforward, honest and transparent in their operations and dealings with others - it is a pleasure to work with them." The Company further reports that following the results achieved by its Quantum Computing R&D team over the last 12 months, with respect to the so called "Quantum Mining" algorithm (referred to in the announcements of 11 March 2022, 23 May 2022 and 15 November 2022) focus has now moved to the patent filing stage. Final theoretical checks on the quantum computing version of the SHA-256 algorithm, the core engine for BTC mining, are being carried out before the Company drafts its patent application. Read Full Thread Follow Reply
Posted at 12/5/2023 09:20 by sharetalk If QBT had licensed its 2.6x software enhancement to nine key miners for full year 2022: Bitcoins Mined by Nine Key Bitcoin Miners in 2022 (BTC 2022 Mining Industry: Main Listed Miners, QBT, Mar 2023): - Core Scientific (USA) = 14,420 (4.4%) - Riot Blockchain (USA) = 5,536 (1.69%) - Bitfarms Ltd (Canada) = 5,168 (1.58%) - Hive Blockchain (Canada) = 4,628 (1.41%) - Marathon Digital (USA) = 4,144 (1.26%) - Cleanspark Inc (USA) = 3,917 (1.20%) - Hut 8 Mining (Canada) = 3,568 (1.09%) - Iris Energy Ltd (Australia) = 3,472 (1.10%) - Argo Blockchain = 2,199 (0.67%) - Total = 47,052 (14.4%) Potential Bitcoins mined if using QBT's 2.6x enhancement = 47,052 x 2.6 = 122,335 Potential extra Bitcoins mined if using QBT's 2.6x enhancement = 122,335 - 47,052 = 75,283 25% commission to QBT on extra Bitcoins mined = 0.25 x 75,283 = 18,820 Bitcoins to QBT Value of commission to QBT at say $30,000 per Bitcoin = 18,820 x 30,000 = $564,600,000 ($564.6m) to QBT Virtually all profit, as all QBT would have to do is distribute the software, without any expense of mining. Excludes further gains from using QBT's own ASIC Chip or Quantum version (orders of magnitude faster). Read Full Thread Follow Reply
Posted at 10/1/2023 21:12 by sharetalk How much could QBT be worth? A) Based on QBT's 30% improvement 'Method B' software, licensed to Bitcoin miners and QBT earning 10% commission on the extra Bitcoins mined: Using figures from Q4 2022 (which I first mentioned last year): In October 2022, Riot mined 509 Bitcoin, Marathon mined 615 and Core Scientific mined 1295 (Total = 2419). That is just 3 US miners for 1 month during a downturn. It would be easy for QBT's '30%+'software to penetrate double that portion of the market and earn a sizeable return quite quickly. Do the maths on the top 10 or 15 miners (excluding any in Russia). In November 2022, around 900/day or 27,000/month Bitcoins were mined world-wide. If QBT software were used by miners currently mining even just 4000/month Bitcoins, giving those miners 1200/month Bitcoins extra (+30%), and QBT earned 10% or 120 Bitcoins/month commission on the upside, QBT would have earned just over $2m/month ($24m pa) revenue at the then current Bitcoin price around $16,800. Then multiply that $24m by a modest x10 to derive a conservative MCap. Obviously the revenue and MCap would increase as the price of Bitcoin rises (it already has) which it should do quite substantially. Note also that 'AsicBoost' software was previously commercialised by another company, with only a 10 to 15% improvement and QBT's 'Method B' is said to be twice as good at 30%+. Other already commercial products provide even smaller boosts. In addition, software is one of the easiest products to distribute and has a high margin. So QBT's 30% 'Method B' software booster alone could make QBT a $250m+ mcap company with Bitcoin at $16,800, $500m+ mcap if Bitcoin at $33,600, $1 billion mcap if Bitcoin at $67,200, $1.48 billion mcap if Bitcoin at $100,000, etc. In addition, QBT could improve further on the 30% upside, the software could be used even more widely, QBT could charge a higher commission, the Bitcoin price could rise further ($100k+ near-tern seems likely imo), or any combination, further increasing revenues to QBT. B) Based on QBT's filing a Patent for their proprietary SHA-256 AI algo in Quantum computers: If QBT file a new AI patent in H1 2023, at the end of Dr Grover's 3 month contract, checked and endorsed by him, that patent could be worth a fortune. Basically QBT could have cornered the quantum version of the SHA-256 mining algorithm and could commercialise it within 1 or 2 years, if there are new quantum computer advances (QBT are said to be monitoring a couple of companies), otherwise in 2 or 3 years. However, such a Patent will have substantial discounted value, as soon as it is filed (particularly if checked and endorsed by Dr Grover). Note the figures in the heading for Total Value of Bitcoins Remaining to be Mined (Nov 2022): -- If Bitcoin price $20,000 = 1,804,000 x $20,000 = $36,080,000,000 ($36.08 billion) -- If Bitcoin price $40,000 = 1,804,000 x $40,000 = $72,160,000,000 ($72.16 billion) -- If Bitcoin price $60,000 = 1,804,000 x $60,000 = $108,240,000,000 ($108.24 billion) -- If Bitcoin price $80,000 = 1,804,000 x $80,000 = $144,320,000,000 ($144.32 billion) -- If Bitcoin price $100,000 = 1,804,000 x $100,000 = $180,400,000,000 ($180.40 bn) -- If Bitcoin price $120,000 = 1,804,000 x $120,000 = $216,480,000,000 ($216.48 bn) -- If Bitcoin price $140,000 = 1,804,000 x $140,000 = $252,560,000,000 ($252.56 bn) -- If Bitcoin price $160,000 = 1,804,000 x $160,000 = $288,640,000,000 ($268.64 bn) Assuming Bitcoin is over $100,000 quite soon, there would be just under $180.4 billion Bitcoin value left to mine. Discount back 10% of that to QBT on a potential AI Quantum computing Patent filing (checked and endorsed by Dr Grover) in H1 2023 = $18 billion value to QBT. Thus based on either A) or B) above, QBT's share price could soon be in £'s, and it is looking as if both could come good. Read Full Thread Follow Reply

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