Quantum Blockchain Techn... Share Discussion Threads

[masterboffin] 11/3/2022 08:10

Methinks a big volume day ahead !

[altcoin] 11/3/2022 08:04

I just posted a American style post

[figtree99] 11/3/2022 08:01

Should post on Stockwits

This will be global news guys

[purplepelmets] 11/3/2022 07:57

Don't suppose our Mr.Quartermain will be along this morning for the show?

[figtree99] 11/3/2022 07:56

We are moving in the right direction...

It’s all coming true, what some have suspected and speculated over the past few months.

Need to have some ice cream today;)

[broomrigg] 11/3/2022 07:51

Little mention on Vox Markets.....

"Quantum Blockchain Technologies (QBT) updated on the current progress of its Bitcoin mining R&D activities. The company said it has made progress on all its core R&D areas, and will now start field testing its optimisations of BTC mining in the next few weeks."

[logica2me] 11/3/2022 07:49

4p at least today

[stumbleupon] 11/3/2022 07:40

My hesitency cost me

[logica2me] 11/3/2022 07:36

My buy at 1.6p was well timed! Excellent RNS

[figtree99] 11/3/2022 07:36

5-10p is definately coming ...

We are in the 5p exercise zone and 8 weeks away from 10p options....

With quantum bitcoin mining results just weeks away.
Bigger and faster than INTEL, once the news is out.

Dwave Quantum (QBTS) is in bed with QBT and they expect their market to explode from$1bn to $150bn, with SPAC CEO G Michaels (ex Uber) this has potential to become a real reality. He grew Uber into the global giant it is today. Wants to do the same with Dwave Quantum.

QBT and (DWAVE) QBTS.....they may well marry up, as part of expansion NDA deal.

At least it is now confirmed NDA is with a US tech manufacturer👏;

[figtree99] 11/3/2022 07:33

Finally news !!

Remember what Biden said about crypto’s in his Executive order...
He wants the US Globalisation, leadership in innovative solutions.
Dwave Quantum Tech and INTEL are already doing their part

QBT has an NDA with a major “US technology manufacturer.....221;
To build their quantum bitcoin miner.

Quantum “AnnealingR21; is unique to DWAVE Quantum Technology Corporation only.
In otherwords there is no other company on the planet offering annealing at present according to DWAVE and new CEO of SPAC DC Capital.

[spary1] 11/3/2022 07:28

The Company’s multi-technology approach to develop the fastest Bitcoin (“BTC”) miner in the market, is moving rapidly ahead. The board and its R&D Team are extremely pleased with the results achieved to date and the Company intends to put them into practical use as soon as possible. In the meantime, QBT is securing its Intellectual Property (“IP”) assets, by filing a number of new patent applications for each new research result obtained.

Quantum Mining

The Quantum Computing R&D Team has now developed a quantum version of a BTC mining algorithm, based on Quantum Bit (“qubit”) based quantum computation, using quantum logic gates. Testing of the quantum programme will begin shortly on a quantum computer, following the signing last week of an NDA with a major US technology manufacturer.

The new qubit based algorithm is significant enough to encourage the Company to file a patent application to protect this BTC mining development, which will be lodged shortly.

Following six months of testing on the D-Wave quantum computer, which is based on adiabatic quantum annealing computation (“quantum annealing”) (i.e., not using qubits / quantum logic gates), the Company completed the analysis phase in December 2021, acquiring all of the necessary information. Testing has been suspended on this type of quantum computer. Most of the work conducted for programming the adiabatic quantum annealing based computer, has been, however, very relevant for the Quantum Computing R&D Team, and has resulted in an innovative reformulation of SHA-256 (the core BTC mining algorithm) as an optimisation problem.

This new reformulation to be solved with a quantum annealing approach, has now been developed and tested on a cloud accessed quantum annealing software simulator, made available to the Company’s Quantum Computing R&D Team by a major Japanese producer. A version of the quantum annealing simulator has been implemented, using available specifications which will be run initially from an IT R&D platform in a datacentre in Milan, Italy. This will allow the Company to develop quantum annealing optimisation simulator code on a number of dedicated FPGA chips.

The combined use of the quantum optimisation algorithm and the ASIC miner, which is currently under development by the Company, is expected to increase the hashing speed, compared to the best ASIC miners announced by competitors. Tests are ongoing to confirm these initial experimental indications.

A patent application relating to the optimisation conversion of the BTC mining algorithm and its integration with an ASIC based miner, will be filed as soon as practical.

[spary1] 11/3/2022 07:27

Looks like results in a couple of weeks

Quantitative performance data will be available within a few weeks.

[spary1] 11/3/2022 07:26

Francesco Gardin, CEO and Executive Chairman of QBT, commented: “We have made impressive progress on all our core R&D areas, and we will now start field testing our optimisations of BTC mining in the next few weeks.

“We are also conducting internal and independent performance measures to help us assess mining speed and energy consumption within the ASIC line of research, which is now at the simulation stage. Based on data we have recorded to date, we expect to see a higher performance than originally estimated; this is mainly due to the optimisations which will be included in the second patent application, based on the work of our cryptography expert and the coding techniques implemented by our FPGA/ASIC Design Team.

“All of the results will be verified before any cooling techniques are implemented which, if applied, could allow for a further increase in speed.”

[spary1] 11/3/2022 07:25

Francesco Gardin, CEO and Executive Chairman of QBT, commented: “We have made impressive progress on all our core R&D areas, and we will now start field testing our optimisations of BTC mining in the next few weeks.

“We are also conducting internal and independent performance measures to help us assess mining speed and energy consumption within the ASIC line of research, which is now at the simulation stage. Based on data we have recorded to date, we expect to see a higher performance than originally estimated; this is mainly due to the optimisations which will be included in the second patent application, based on the work of our cryptography expert and the coding techniques implemented by our FPGA/ASIC Design Team.

“All of the results will be verified before any cooling techniques are implemented which, if applied, could allow for a further increase in speed.”

[chumbo1] 11/3/2022 07:24

"Quantitative performance data will be available within a few weeks."

[regandharry5] 11/3/2022 07:23

Yes, all positive. Just wondering who the NDA agreement could be with.

[zxie] 11/3/2022 07:22

Moron dog we love you barking

[robertjt] 11/3/2022 07:20

Should we expect field testing = mining?

[zxie] 11/3/2022 07:20

Drafting of the technical document for the Company's second patent application is now complete and implementation on an FPGA is nearly finished. Results of the overall performance achieved by the combination of the optimisations from the first and the second patent will be obtained for the final FPGA code shortly. The Company plans to conduct tests using the new optimisations within an ASIC development environment, to provide more accurate measurements with respect to energy consumption and mining speed, on a 5nm ASIC, which is the Company's ultimate goal.

[regandharry5] 11/3/2022 07:17

I'd Translate it as all positive. More Patents= More profits.