Quantum Blockchain Techn... Share Discussion Threads

[allenquatermain] 30/11/2021 11:43

QBT is 2.95 on a good news day

BWAHAHAHA

[stevebrrr] 30/11/2021 11:35

Sigh

Quantum Blockchain Technologies Plc - 5nm ASIC Chip Programme

PR Newswire

London, November 30

30 November 2021

Quantum Blockchain Technologies Plc(“QBT”; or “the Company”)

NDA signed to provide QBT with

5nm Technology for Proprietary Bitcoin mining ASIC

The board of Quantum Blockchain Technologies (AIM: QBT) is pleased to announce that it has made the key decision to focus on the development of the more efficient 5nm Application-Specific Integrated Circuit (“ASIC”), rather than a 7nm ASIC (as announced on 5 November 2021), to use as its proprietary Bitcoin mining tool.

This decision was taken following a recent market announcement by a leading international Bitcoin mining equipment manufacturer that it will use 5nm ASICs for its the next generation of Bitcoin miners, which it expects to release in the second half of 2022. Accordingly, QBT has updated its development programme for the prototyping and industrial manufacturing of its proprietary Bitcoin mining, to use the 5nm ASIC.

Based on the Company’s internal projections, it believes that its previously planned optimised 7nm ASIC, would run at the same speed as the proposed 5nm ASIC, as announced by the above-mentioned Bitcoin miner manufacturer; this calculation is assuming the same number of ASICs will be used in the next mining model, as the above-mentioned miner currently applies to its existing model.

The rationale to move from a 7nm to 5nm, is because the estimated speed of QBT’s proprietary Bitcoin mining ASIC is expected to be at least twice as fast as the leading international Bitcoin miner manufacturer, before taking into account the optimisations of a second patent under development, which are yet to be factored in.

The Company will, therefore, move directly to developing a 5nm ASIC prototype, although it will still consider a phase of testing, as an intermediate step, on the 12nm ASIC, as announced on 5 November 2021.

A Non-Disclosure Agreement (“NDA”) has been signed with an international research & development organisation, which is active in the field of nanoelectronics, and which will give the Company access to one of the few 5nm semiconductor fabrication plants currently operational in the world.

The Company recognises that this significant step change, from 7nm to 5nm will, with regards to industrial production be significantly more expensive than its original strategy. However, as a first step, the initial phase of prototype testing of a 5nm ASIC will not cost the Company much more than the same process for a 7nm ASIC.

Assuming that the second patent application is filed by the Company’s cryptography expert by the end of February 2022, a first 5nm prototype, which would include all the improvements of both QBT’s first (ASIC UltraBoost) and second patent application, could be ready for manufacture in Q3 2022.

Detailed calculations on the energy consumption will be available only at the end of the ASIC design phase, before the small batch manufacturing of a prototype, when the ASIC software development platform will be able to perform a realistic estimate.

Francesco Gardin, CEO and Executive Chairman of QBT, commented: “Access to the 5nm technology for our ASIC Bitcoin mining chip is, after careful consideration, the natural choice for QBT in 2022. While the 12nm prototype is still an easy and relatively low-cost option, which we may still use for strategic ‘time-to-mine’ testing and early mining, the 5nm ASIC is now definitely our target.

“We have quickly identified a major international supplier, which will give us access to the 5nm technology and support our design team, given the very specific features and know-how involved when designing a 5nm ASIC. By entering into an NDA with this party, we can now begin the assessment of the timeline of the project, including the costs to produce a 5nm prototype and take it to industrial production.

“We continue to move fast to develop our disruptive Bitcoin mining strategy, of which the ASIC component is one of the key directions of our multidisciplinary cross-fertilising R&D approach.”

[spary1] 30/11/2021 11:32

The company RNS has all the information it largewhineo, nobody is interested in your negativity because it is purely there to try and protect your ARB Investment which you were ramping to £36 pmsl.

The RNS is spot on and I await a further update on how they progress but twice the speed of the best is Awsum, you can’t make bold statements like that unless you can back it up which clearly they know they can or you would never state that

[spary1] 30/11/2021 11:20

Why are you here again Largewhineo?

Ah yes worries about your ARB investment as the share price has fallen back and you don’t want QBT to be in the picture or get in the way ou your £36 pmsl target for ARB

Get a grip man, all the info you need is in the RNS, nobody is interested in your version end of

[largechablis] 30/11/2021 11:12

Lol. More paranoia Stevie.

How about considering the possibility that Some investors ask searching questions of their investments to ensure they are seeing the full picture as opposed to just a one sided ramp?

[stevebrrr] 30/11/2021 11:09

Nice post from LSE just now, friends of yours chaps & ladies???????

shareguard

Posts: 226

Price: 20.20

No Opinion

Off topic just sharingToday 00:28
Off topic just sharingToday 00:23
Sorry for off topic interesting post if true copied off the cpx board.
Posts: 18

Price: 5.45

No Opinion

Indication of what we are up against!Mon 18:08
Copied from another site (Tremor)
RE: Shorting questionSat 11:48
Do some people here remember this post from Phoebuss….Posted in: ARB Posts: RE: Blood red ....13 Jul 2021 17:23? To all genuine investors, I lost my job today in a pay dispute, so this is my payback for how I've been treated by my employer. I work(ed) for a hedge fund in the City. There's a team of 4 of us who sit across one desk in a serviced office. Our job is to hit this board daily with FUD posts to mislead investors and influence them to sell their shares. Depending on experience we get a base salary plus bonus for every % milestone that comes off the share price We have multiple accounts/identities split into 4 categories of characters we've created:1. The blatant negative shorter who's aim is to create negative subject headings and get them pushed to the top of the chat. 2 & 3. The wingmen who back up no.1 by being negative on the stock but with more substance around why. Phoebuss 4. The concerned holder who sways from being positive about the share to win trust before then losing faith and encouraging others to do the same. Some of our aliases include:1. Mister beck, Dr Long2. 3. Phoebus (myself), jaffas, pearls, 4. Gatti, Muscles12, saby16, atrades, fudegrella30, fireant We did laugh when genuine holders agreed with some of our posts and got bonused on confirmed sell ups such as Xenor and Matt007. I'm not proud of what I've done but willing to blow the whistle to not harm any more people financially. I would encourage all of you to screenshot this post in case they report it and get it taken down but I will try on multiple threads so that it stays here longer. I am sorry.

[largechablis] 30/11/2021 11:04

Stevie. Yes. Which is a concern isn't it. A tiny team trying to run multiple projects simultaneously. Surely if confidence is high you would want to target all resources at maximising possibility of successful execution rather than chucking a load of jelly at a wall and seeing which bits stick?

[allenquatermain] 30/11/2021 11:00

Stevebrrr … even his name is stupid

Total bellend

[stevebrrr] 30/11/2021 10:59

There are separate research streams of which I believe there are seven at QBT, ASIC is just one stream.

We are only focusing on ASIC today because that is what the RNS refers to. There will be plenty more RNS for the different R&D streams.

Only one stream needs to work to bring superior numbers to the market.

This is very simple, like me eh.

[largechablis] 30/11/2021 10:43

I would categorise that RNS as very odd!

What Company bases its commercial production strategy on a competitors new model, particularly when Bitmain announced their transition to 5nm over a year ago in Sept 2020? Everyone in the industry knew it was coming apart from QBT it would seem.

Re the access to 5nm production. Not even Apple or Intel can get enough fab capacity and yet a company with a likely tiny production run can? Also the smaller the die size the more likely the risks of production issues and low yields. 5nm is massively more expensive than older 7nm and 12nm nodes. Why would you choose this route over much cheaper, more reliable and proven tech when your USP is architectural efficiency gains rather than process?

Then we have the qualifying statement that power consumption won't be known until AFTER the end of the design phase? Given power consumption is THE KEY factor in mining efficiency and profitability what is the plan if at that point the figures make the new design uncompetitive against existing ASICS?

What has happened to the FPGA self-mining in Q2?

I'm just left with more questions than answers. I won't even start on the previous assertions from Stevie and others that ASIC mining was the past. Doesn't look that way now does it. Lol.

[stevebrrr] 30/11/2021 10:33

Seems the naysayers have been buying in spary1 though the 'sensible ones' will deny it of course and continue to obfuscate muddying the waters. Naughty naughty boys eh! Very naughty indeed, almost criminal!

[allenquatermain] 30/11/2021 10:32

Going back under 3p again on a *good news day*

HILARIOUS

[stevebrrr] 30/11/2021 10:28

Yes I was tied up this morning myself lol. Got my eye in now though. This is monumental news. Naysayers will always grumble due to FGs need to keep many things such as names etc back. But he has to, he must keep competitors hands off our team and partners. This will be the stock of 2022. 30 million mcap here - don't be fooled folks by the naysayers that want your shares. We are a tadpole, surrounded by sharks, in a pond worth tens of billions of dollars. But we have the best Quantum/AI technology to defend ourselves with, they only have teeth.We all know what happened to the dinosaurs, too big to fail eh!!

[spary1] 30/11/2021 10:07

244dk, have you nothing to say about today’s news? Nobody is interested in me or you?

[stevebrrr] 30/11/2021 09:47

Great RNS, tippy top. Very pleased now. This puts the cat amongst the pigeons.

[244dk] 30/11/2021 09:46

Here we go again spary, multi id accusations. I've already said I've got a small investment here and I only have one id. Zxie gives it 10 bags? Like I've said, you only get aggressive with those that don't wave the same flag as yourself. Let's hope we all have a good day.

[broomrigg] 30/11/2021 09:35

Market delaying larger trades to look like sales, usual tricks, after cheap stock. You can keep your grubby mits off mine ;-)

[zxie] 30/11/2021 09:27

Other 10 bags here

[figtree99] 30/11/2021 09:27

...early mining is still on.

[figtree99] 30/11/2021 09:24

Francesco Gardin, CEO and Executive Chairman of QBT, commented: “Access to the 5nm technology for our ASIC Bitcoin mining chip is, after careful consideration, the natural choice for QBT in 2022. While the 12nm prototype is still an easy and relatively low-cost option, which we may still use for strategic ‘time-to-mine’ testing and early mining, the 5nm ASIC is now definitely our target.


“We have quickly identified a major international supplier, which will give us access to the 5nm technology and support our design team, given the very specific features and know-how involved when designing a 5nm ASIC. By entering into an NDA with this party, we can now begin the assessment of the timeline of the project, including the costs to produce a 5nm prototype and take it to industrial production.


“We continue to move fast to develop our disruptive Bitcoin mining strategy, of which the ASIC component is one of the key directions of our multidisciplinary cross-fertilising R&D approach.”

[spary1] 30/11/2021 09:21

So 244dk, great RNS on a share you apparently have an investment in yet you are more interested in me, remember which login to use hey, wasn’t born yesterday 😉

[spary1] 30/11/2021 09:19

244dk, if you are invested and you have a great RNS do you not think it’s a little odd all the negative posting?

If you don’t like the share move on, not interested in hearing lies from those who sold out, want a trade, jealous or plain nutjobs.