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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Quantum Blockchain Technologies Plc | LSE:QBT | London | Ordinary Share | GB00B50P5B53 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.80 | 0.75 | 0.85 | 0.80 | 0.775 | 0.80 | 4,334,460 | 16:29:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Offices-holdng Companies,nec | 0 | -5.03M | -0.0039 | -2.05 | 10.33M |
Date | Subject | Author | Discuss |
---|---|---|---|
18/8/2021 08:26 | And 490600 | ![]() roughandtumbleone | |
18/8/2021 08:25 | wow! great rns | johncasey | |
18/8/2021 08:25 | There will be a lot of delay trades going through including 505792, 519780 and 536685Shame they don't display at the time of purchase. | ![]() roughandtumbleone | |
18/8/2021 08:18 | Never seen such a load of BS | ![]() purplepelmets | |
18/8/2021 08:16 | They certainly are D grade basher that’s for sure. | ![]() karmapolice | |
18/8/2021 08:15 | He use to be me. A total rubbish announcement. They may as well have said we've assembled a team of experts to cure male hair loss. | ![]() pwhite73 | |
18/8/2021 08:06 | Wonder which account our new troll (set up 5 August) used to be? | ![]() knigel | |
18/8/2021 08:05 | Makes very interesting reading that RNS. Very interesting indeed. | ![]() karmapolice | |
18/8/2021 08:03 | , or not 2p? That is the question. | ![]() zydecoco | |
18/8/2021 08:03 | Still over priced garbage | ![]() roberts1975 | |
18/8/2021 07:59 | At last an update and the company is making progress in its R&D | cahus | |
18/8/2021 07:46 | jog on you idiot | ![]() buffskins | |
18/8/2021 07:45 | Explains options at 5 and 10p if they have achieved all this in such a short period of 4 months. | ![]() karmapolice | |
18/8/2021 07:43 | They have achieved quite a lot in a little amount of time and as you say, clearly setting out their stall for a disruptive approach to mining. Early patent filing also a good thing. Could get exciting. | ![]() flc | |
18/8/2021 07:40 | Quantum computing is waffle, lol . Its the future, it will cure diseases, solve climate problems, and operate devices with advanced security and yes quickly mine ccI wouldn't write off this tiny company and its certainly worth a punt at these levels. | ![]() 7rademark | |
18/8/2021 07:39 | Great announcement....pati | broomrigg | |
18/8/2021 07:37 | It’s very clearly signposting the next steps and has updated the market as to their progress, and even goes as far as to explain why they have chosen not to use the existing mining rigs, funny really as I suggested similar reasons yesterday and met with ridicule, but it seems that I was in fact spot on. | ![]() karmapolice | |
18/8/2021 07:33 | It's waffle and a long way away to making any meaningful progress | ![]() roberts1975 | |
18/8/2021 07:18 | Don’t worry yourself Robert - it’s beyond your understanding :-) | ![]() knigel | |
18/8/2021 07:14 | What a load of waffle | ![]() roberts1975 | |
18/8/2021 07:12 | Oh look, a RNS ... :-))) | ![]() knigel | |
18/8/2021 07:05 | Quantum Blockchain Technologies Plc Crypto Mining R&D Project Update Source: UK Regulatory (RNS & others) TIDMQBT 18 August 2021 Quantum Blockchain Technologies Plc ("QBT" or "the Company") Crypto Mining R&D Project Update The board of Quantum Blockchain Technologies (AIM: QBT) is pleased to update the market on its Crypto Mining Research and Development ("R&D") project, which in the first instance will be used for the deployment of a proprietary technology for more efficient cryptocurrency mining. The primary goal of the project is to develop Bitcoin mining tools and techniques which will significantly outperform existing mining equipment, both in speed and energy consumption. While it is understood that this is extremely ambitious, the radically advanced technologies being utilised; quantum computing, Artifical Intelligence and Deep Learning, amongst others, renders the goal achievable. For this purpose, QBT has assembled a team of 13 sector experts, which is now fully operational. The members of the team have been selected from across the UK and Italy, and includes highly skilled professionals, Ph.D students and university professors, with expertise in, Quantum Computing, Machine Learning, Cryptography and Algorithms Optimisation Theory. QBT has entered into formal agreements with various university departments to retain the services of the new team. Any intellectual property and patents developed during the R&D project will belong exclusively to QBT. A number of working groups have been formed to address the key technologies at the core of QBT's crypto mining strategy. These are: * Quantum Computing * Cryptographic Optimisation * Deep Learning and Artificial Intelligence ("AI") * FPGA / ASIC Design * Algebraic and Boolean Equation Reduction * Very Large Big Data * High performance computing architectures As previously stated in the RNS of 2 June 2021, the Company has secured the services of an expert specialising in cryptocurrency mining blockchain optimisations. The development of only half of the optimisations previously created by the expert, has proved a 9.56% speed improvement using a commercial Graphic Processing Unit (GPU), compared to the standard Bitcoin mining algorithm on the same GPU. While it was never intended to use a GPU processor for Bitcoin mining, it is providing invaluable quantitative feedback on the optimisation techniques discovered by the in-house expert. A second and more impactful set of optimisations for the Bitcoin mining algorithm have now been identified by the expert, which will be filed as an international patent within weeks. This is ideally the first of several patents the Company plans to file in the coming months. More details on the efficiency in running the Bitcoin mining algorithm with this new set of optimisations, will be released shortly after filing the patent. The Field Progammable Gate Arrays ("FPGA") and Application Specific Integrated Circuit ("ASIC") expert retained by the Company will start implementing the first set of optimisations on FPGA this month and early completed versions of the FPGA are due by the end of October 2021, while the optimisations covered by the patent being filed are due by December 2021. Based on the performance achieved by the FPGA chip, it may be decided to use it as the Company's first mining engine. ASIC development work will start in parallel in October 2021. The design of the new IT infrastructure, which includes a 128 core Machine Learning workstation and an initial one Petabyte memory expandable unit, to host the proprietary enriched Bitcoin mining "Very Large Big Data", is now complete and its deployment into a data centre in Northern Italy will, due to favourable tax benefits on R&D, happen in September 2021. To date, all R&D has been completed using cloud resources. At the beginning of August 2021, the first Deep-Learning optimisation of the Bitcoin mining algorithm was autonomously generated by one of QBT's AI systems. This optimisation is identical to one of the phase-one optimisations created by the expert, but generated independently. This early result strongly supports the strategy adopted by the Company to invest in the heavy use of Deep Learning. Work on the D-Wave quantum computer has begun by QBT's quantum team. While an implementation of the core Bitcoin mining algorithm has already been developed, programming of this quantum processor requires a totally different approach to traditional software design. This is due to the specific approach to quantum computing of D-Wave's quantum processor, namely, quantum annealing. However, the efforts represented by the very steep initial learning curve, will hopefully, be rewarded by the significantly improved performance expected to be delivered by D-Wave's quantum processor. Updates on progress achieved will be released in due course. Francesco Gardin, CEO and Executive Chairman of QBT, commented, "Assembling a new team and taking this project to operational status within four months has been a difficult challenge and has required a tremendous effort. However, thanks to our exceptional team, we have been able to achieve this. "Over the past few months we have resisted the temptation to mine for cryptocurrencies using 'standard' methods as it is not part of our current strategy. QBT is looking to be a highly disruptive influence in the circa £75 billion* market of approximately 2.21m Bitcoins yet to be mined and we believe that the past few months of intensive R&D will be crucial to achieving this. Our strategy for Bitcoin mining is knowledge intensive, rather than capital intensive, based on the unique, combined interaction between our human experts and our innovative AI systems. "I would like to thank our shareholders for their patience and state that our roadmap is clearly defined and we will pursue it with determination." * at the current market price of US$46,400 per Bitcoin | ![]() karmapolice |
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