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[stevebrrr] 27/11/2021 20:28

I am simply wondering why someone that professes to have had a 3000% rise on a large investment in ARB is now on QBT boards 24/7 bashing away. It makes no sense whatsoever so perhaps you could explain that to us 'simpletons'?

[largechablis] 27/11/2021 20:23

Look how they have already shown what they can do with the current models and made them faster than the fastest commercial machines

You have seen a miner using a QBT ASIC mine faster than as S19XP?

You are saying that the QBT team know better than the R&D crypto teams at Bitmain and Nvidia? Bitmain opened their Crypto AI mining R&D operation in Israel in 2017. They had a four year head start on QBT, large budgets and specialist crypto teams. They already make heavy use of AI in their rigs.

[spary1] 27/11/2021 19:42

So basically Largewhineo you are saying that you know better than FG and the expert and the team ?

Get a grip man, they are fully funded till the end of 2022 for R&D and will continue to push forwards to be the best.

Look how they have already shown what they can do with the current models and made them faster than the fastest commercial machines, they know exactly what they need to achieve which a has you worried as we can all see by your postings here

[figtree99] 27/11/2021 19:41

Stevebrrr,
November Forbes article on new faster miner rigs recently announced, article mentioned a number of Interesting points.

I would add, any order agrrement announced in the Dubai show I would take as a pinch of salt between bitmain and its main US distributor. I mean who is checking the order size signed. It’s very good PR/ marketing. We are in a gold race afterall.
.................

-Co target for each batch=20,000 rigs pm maximum could be achieved by manufacturer which means customers are looking well into mid-2023-end by the time orders really start to get through to all customers.TBD
-Kicked out of China = Production locations move to indonesia and malaysia, production still to be set up. Hurdles, so not a given.TBD
-Bitamin moving to Texas, hurdles TBD from US Govt.
-If all the boxes ticked, could gain 20% market, it still leaves QBT 75%-80% BTC mining market to penetrate. TBD
.............
CEO QBT shareholders would be happy with 10%--20% as a starter =$5bn+ Market cap
Lets start with revenue asap...

Achieved on very low “capital outlay” entry into and pool mining.

Happy to be corrected.
It was in November Forbes.

[stevebrrr] 27/11/2021 19:39

I am simply wondering why someone that professes to have had a 3000% rise on a large investment in ARB is now on QBT boards 24/7 bashing away. It makes no sense whatsoever so perhaps you could explain that to us 'simpletons'?

[bulgarian] 27/11/2021 19:30

ARB & the other players in the market have probably never even heard of Flash and his blackboard ware.

[largechablis] 27/11/2021 19:25

Stevie. You asked me question on respective valuations. Did you not want an answer? Lol.

To be clear are you implying that ARB are paying me to post on their behalf? Just so we're CRYSTAL clear on that point?

[stevebrrr] 27/11/2021 19:21

Here we go again, round and round in circles.

OK so just a continued hit job on a promising blockchain company here at QBT combined with continual argo PR. And you say you are not being paid for this eh.

Got to ask, what is in it for you? Why are you here 24/7. Is there a financial interest? Because if not then it appears to me to be the work of a narcissistic psychopath. Is that what you are? Really?

[largechablis] 27/11/2021 19:18

"Yes FG did say it’s a race and that is what we are aim To beat as per FG interview with the 24% increase and then the 7% ultra boost to add to that so happy days for us"

Spray. That's somewhat less than the 1000% increase touted by Stevie on the Jackonary thread? What's happened? Lol.

You're still not getting it though. Those kind of increases happen every year with new rig generations. Where's the value here?

[spary1] 27/11/2021 19:14

Steve, funny you should mention that, I was just thinking the same thing, Largewhineo is behind a lot of them ID I’m sure of it. Try to protect its interests in ARB and not happy with the new kid on the block it seems

[largechablis] 27/11/2021 19:08

You ask
"QBT market cap is £28 million.
ARB market cap is £627 million.
Which has the most potential to grow?"

QBT have zero revenues and to all intents and purposes, no assets. There is a chance of a windfall from a court case but that is uncertain and also some time away.
They may or may not get patent approval for their work on BTC mining efficiency but then they have to monetise that. A long and difficult path with no guarantee of success. I hope they do, I'm all for successful UK tech startups. That's why I was an early backer of ARB.

ARB are currently generating $10m a month with an 80%+ margin based on their October 1075PH. That will see a minimum 50% increase to 1.7EH by year end and a further more than doubling next year to 3.7EH, so call that $40m a month or $480m revenue at $50k BTC in 2022.
In terms of assets they have 2200 BTC worth $120m at todays price, have raised $200m through raises and a loan note, have fully owned data centres in Canada, 160 acres in Texas and building a huge new mining facility, stakes in Pluto and various other early stage DeFi, token, e-gaming and NFT projects.

Michal Saylor who runs Microstrategy and is a big advocate of ARB believes miners will be valued at least 15 times revenue within the next couple of years. Just at current BTC prices near 50K that implies a valuation for ARB of $7.5B which is a 10 bagger from current levels and of course we expect BTC to be much higher in coming years with a commensurate increase in revenues. The current PE level for E2022 makes ARB incredibly cheap at current levels.

[stevebrrr] 27/11/2021 19:03

I notice that the rest of the multi IDs have all been silent for a whole three hours this arvo, have we overtaxed your brain cells LC????

Best get em all fired up again eh...

[stevebrrr] 27/11/2021 18:59

By 'proportionally' I mean they will mine somewhat more than proportionally, not just a direct read across, in the real world. Sorry for any confusion there, it was hastily typed. I have corrected it. I am human after all. Are you and your newly arrived friend?

[bulgarian] 27/11/2021 18:52

largechablis,

Go easy on the Brady Bunch.

Comparing apples to lemons might damage a few so close to Christmas. This from the "serious investor" thread just now:

"..stevebrrr26 Nov '21 - 23:09 - 2015 of 2027
0 0 1
Figgy - FG will be carrying a huge Christmas sack bulging full with the fruits of his labour, Quintillions of Quantum Superpositions, bitcoins. some tangerines, nuts, sweets and of course only the best pineapple in the world for us all to feast on.

This Christmas, he will be the man with a twinkle in his eye, performing spooky action at a distance, FG will be our very own Babbo Natale..."

FG? Flash Gordon?

;-)

[spary1] 27/11/2021 18:48

Yes FG did say it’s a race and that is what we are aim To beat as per FG interview with the 24% increase and then the 7% ultra boost to add to that so happy days for us

[spary1] 27/11/2021 18:44

What are you waffling on about, why are ArB posters over here?

There is no need for you, why don’t you stick to ramping ARB with your £36 prediction pmsl

[largechablis] 27/11/2021 18:43

Stevie. Yes, I agree, but that's generally the case with an IPO stock overhang as I'm sure you're aware. Now ARB has Texas funded to 3.7EH and Nasdaq volumes are rising I'd expect that situation to improve. I certainly wouldn't be looking to short it like you are. Strikes me as very odd for an ARB shareholder. Well a claimed one. Lol.

I obviously didn't speak slowly enough earlier! This is such an embarrassing response I'm just going to leave it here in bold. WHAT ON EARTH! Hahaha.

"Rigs with the highest hashpower will beat slower rigs to the prize, a mined Bitcoin block, and not proportionally to their hashpower, I am sure you know this."

How you can so completely fail to grasp the basics of crypto mining? Too funny.

[stevebrrr] 27/11/2021 18:29

I still hold ARB lol but you have to admit its performance has been poor vs peers since Nasdaq.

Rigs with the highest hashpower will beat slower rigs to the prize, a mined Bitcoin block, and not simply proportionally to their hashpower, I am sure you know this.

Yes, Immersion is being tested, due to 38% failure rate of T17s, lets hope it works eh.

We will have to see re the proposed FPGA solution, there are no answers yet, just potential. There are 7 professors here running separate individiual R&D streams. This is just one of them. Any one of them can bear fruit. They do not all need to work.

Finally comparing QBT to ARB is like comparing apples to oranges. They are not the same.

QBT market cap is £28 million.
ARB market cap is £627 million.
Which has the most potential to grow?

[spary1] 27/11/2021 18:23

This seems a good reply

As far as I understand things, ARB are building a cowshed out in the middle of nowhere whilst QBT has use of a state of the art datacentre. Perhaps ARB will become the old QBT, with its own caravan parked outside the cowshed.

IT Infrastructure
QBT has made available to its team members the most advanced IT facilities, located in a data center in Northern Italy, which include CPUs with more than 256 cores, GPUs in excess of 30,000 cores, several Terabytes of RAM and 2 Petabytes of storage for the very large big data being analysed. Moreover, cloud access to D-Wave’s 5,000 qubit quantum computer and other cloud computing facilities, make the development environment a state-of-the-art IT development platform for QBT’s R&D Team.

The heart of the classic computing facility is the machine learning engine with more than 30,000 GPU cores available, more than 200 CPU cores and a very big data of more than 2 Petabyte of memory, with several tens of l CPU cores which supports the Bitcoin mining network infrastructure, for solo mining and proprietary pool mining.

Different FPGA chips are currently being tested, which play different roles in the Bitcoin mining optimisation process.

The quantum computing facility, available on the Cloud, is represented by the 5,000 qubits and 75,000 qubit interconnections, available on D-Wave’s quantum computer, which will be upgraded in 2022 to 7,000 quits and 140,000 quit connections.

Local integration between the classic computing facility and the cloud quantum computing, provide an additional advanced hybrid computing system layer, on top of the one already provided by D-Wave, making it possible to pre-process and post-process, in real time, computations carried by the quantum computer.

Moreover, QBT has selected software systems, in particular, neural network models, either commercial, public domain, or proprietary, as key research elements, which are combined with data pre-processing and post processing tools. A number of advanced compilers are being used, including some for the optimal allocation of tasks on multi-core systems, together with a VHDL platform for FPGA programming environments and solo, or pool mining nodes, in the software environment.

© 2021 Quantum Blockchain Technologies Plc

[largechablis] 27/11/2021 18:06

"Apology????"

Yes, not something I expect someone like you is very good at. Lol.

You stated S19 couldn't be bought for $6k and I posted a link showing RIOT paid exactly that a couple pf weeks ago. Meaning you were wrong, it happens to all of us from time to time. For most people that would elicit an apology. Just not in your case it seems.

[largechablis] 27/11/2021 18:01

Stevie. lol. What you've already posted AGAIN is the same cut 'n paste.

What I'm after is answers to specific questions. The problem to an investor like myself is that paragraph is so vague that you can't answer any of them. Doesn't this concern you?

What does this phrase mean? "potentially competitive"

[largechablis] 27/11/2021 17:56

Stevie. Yes. I posted that very link on here the day of the announcement to highlight the gulf between Bitmain reality and QBT aspirations.

Once again, I'm going to go very slowly so that you can keep up.

You state "Bitmain Antminer S19XP are the new rigs that all miners need now"

THAT'S TOTALLY WRONG.

Mining profitably is about HASH PER DOLLAR.

The new S19XP has 50% more hashpower than the S19, but draws more power, making it 37% more efficient than the S19 in terms of hash per megawatt.

The problem is that it's 50% more expensive to buy, in fact considerably more as you can get significant volume discounts on the older S19J and Pro models as the RIOT PR I linked to demonstrates.

So although higher hashpower, the XP makes little economic sense for large scale miners. The only reason you would choose the XP over the older model is if you are constrained by hosting space, as higher hash per bay.

For large scale miners it's about profitability which means maximal ROI on rig purchase costs and per coin efficiency, which is primarily power cost as the biggest input price.

If I can get 100 TH out of an S19 at $6k, why am I going to pay $15k (150% more) for only a 50% increase in hash power?

Further, and to address your previous very misguided comment re ARB relocating their existing T17 fleet to Texas. These machines are fully paid for, in fact they had paid for themselves entirely after only around 3 months operation which is pretty staggering. Something of a PW masterstroke! These machines have a known design issue whereby the heatsink assembly detaches under heavy load due to temperature. However, by installing state of the art immersion cooling tech in Texas, these T17's can be run WITHOUT the heatsinks due to immersion in the cooling fluid, allowing them to run BOTH reliably and overclocked above their original hash power rating. So free miners mining above spec!

This is what differentiates Argo. Massively profitable through cost and power efficieny. They are the most cost efficient miner on the Nasdaq and with the top ESG rating due to use of 100% renewables.