Quantum Blockchain Techn... Share Discussion Threads

[purplepelmets] 20/8/2021 10:39

Indeed. And you could have gotten rich by shutting up and paying closer attention.

[purplepelmets] 20/8/2021 10:29

Are you hyperventilating? Chill the hell out Poppet. He must have died suddenly on the morning of court day. It is unheard of for fly by nite aim penny shares to withhold price sensitive info even when the big chiefs have stock options. Jeeez

[karmapolice] 20/8/2021 10:20

No I thought as much.

[karmapolice] 20/8/2021 08:46

“ You said it is a fact and as part of an RNS was unable to be questioned.”

Where did I say this? Evidence please.

[karmapolice] 20/8/2021 08:44

Do you know when he passed away or the circumstances? You are claiming that the company sat on price sensitive information without informing the market. Is that correct? Just to clarify that is what you are saying and you have proof of this?

[karmapolice] 20/8/2021 08:43

Is that really the best retort you can come up with?

I thought you were not posting here for 4 days due to a funeral but you seem to have racked the posts up regardless.

I’m still waiting for you to provide me with evidence of the allegations you have made, otherwise I think it’s quite justified to call you a liar.

[purplepelmets] 20/8/2021 08:31

Never seen so many words say so little. Whoever wrote this garbage must have been paid by the letter. Just like our boilerroom pump and dump merchant Karma Sparries

[powereddrones] 20/8/2021 08:22

Very Large Big Data
---
This is very big Yuge news

[karmapolice] 20/8/2021 08:16

Lots to digest in this


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] 20/8/2021 08:16

I really don’t know why it posts here, it makes wild claims and accusations and then can’t back it up with facts. Waste of their own time. Surely it has something better to be doing, unless of course they don’t, which I suspect is the case.

Just a sad lonely fantasist.

[spary1] 20/8/2021 08:12

Must be you burning purplehelmet

[zxie] 20/8/2021 08:06

Go up north

[purplepelmets] 20/8/2021 07:56

Funny smell around here

[spary1] 20/8/2021 07:53

Purplehelmet seems you know Jack about the company, lol how far along they are with the optimisations already

[purplepelmets] 20/8/2021 07:49

Does he have a name, this supposed "expert"? All sounds like complete fantasy to me if they are unable to name their star player. Occam's Razor dictates the probable situation here

[karmapolice] 20/8/2021 07:40

“ 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.”

[georgeo1] 20/8/2021 07:30

If qbt distruptes the blockchain industry with the quantum technology to be applied. Would the the supply and demand of Bitcoin increase in volume but what would happen to the price of Bitcoin and other cryptocurrency.

[karmapolice] 20/8/2021 07:26

If they do post similar dross about other companies they do it with a different account as this one they reserve for posting negative commentary solely on this board.

Notice how they make spurious claims and then change the subject when they can’t back this up with evidence?

Sure sign of a stooge.

[knigel] 20/8/2021 07:16

PP - are you blind? YOU are at your “desk” early too! On a share you don’t hold - which is far worse than posting on a share you hold - I trust you also post and trash other companies related to this sector? (Unless you work for one of them..)

[karmapolice] 20/8/2021 07:12

And what misleading and false information have I posted? Please evidence this.

[karmapolice] 20/8/2021 07:11

It’s the same sort of person that claims there’s a bus coming and when it eventually turns up says “I told you so”. Utter cretin.

[purplepelmets] 20/8/2021 06:59

Gawd elp us, havent had a coffee or dump yet and already the rampers are at their desks. Ffs. KP you do realize that you lot with financial incentives posting misleading and false info is fraud? Naughty naughty