Quantum Blockchain Techn... Share Discussion Threads

[bulgarian] 08/4/2022 21:33

2nd patent Feb? Missed.

Q1 BTC mining? Missed,

Q2 perhaps?

[iglenn] 08/4/2022 20:32

criptominer, I asked you a simple question, Do you think QBT have misled investors with that RNS.? You have come on here stating you are the expert so I would like to know your opinion. You categorically stated and I quote "it is quite impossible that it starts mining this year. " Therefore, if QBT are releasing RNS stating they could be mining in Q2 2022 (this year) they are potentially lying by your own statement.

Do you think they have misled investors.?

[bulgarian] 08/4/2022 20:01

Sprat1,

You really should stop editing your posts son.

As I suggested to you years ago, buy a dictionary.

[cryptominer] 08/4/2022 19:59

iglenn : "Should this route be successful, mining via this method could commence as early as Q2 2022." But IF this route will NOT be successful when QBT mining will start?
PS Q2 2022 is already started....

[bulgarian] 08/4/2022 19:34

Q2 a big one for this firm in terms of BTC mining?

[bulgarian] 08/4/2022 18:46

whats italian for jam tomorrow?

[spary1] 08/4/2022 18:43

Bulgarian, it’s here for you to read

11 March 2022

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

Bitcoin Mining Research and Development Update

The board of Quantum Blockchain Technologies (AIM: QBT) is pleased to update shareholders on the current progress of its Bitcoin mining R&D activities.

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.

Artificial Intelligence based Bitcoin Mining

The Company is pleased to announce that it has appointed an international expert in the field of Machine Learning to its AI Research Team. The expert is the former head of the Neural Networks Research Laboratory of the Department of Computer Science of the University of Milan.

The use of AI techniques (mainly Machine Learning) to speed up the successful mining of BTC, has been studied by the R&D Team. As part of the testing process, these techniques have been partially applied across different levels of the entire BTC mining process. As soon as quantitative results are available the Company will build prototype “solo” BTC miners (i.e., not in pool mining), using existing or separate Computer Processing Units (“CPU”), Graphics Processing Units (“GPU") and FPGA cores.

A patent application on the specific AI techniques developed, will be filed as soon as practical.

ASIC Development and Second Patent

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.

The Company is working with two independent partners to conduct verification tests on the final performance of QBT’s prototype ASIC. Their role is also to advise on how best to achieve efficiencies in coding, in order to best exploit the specific manufacturing technologies of individual silicon fabricators, when it comes to manufacturing of the prototype chips.

Quantitative performance data will be available within a few weeks.

IT infrastructure

The Company’s IT infrastructure is now fully operational. Solo mining activities, created to test AI accelerated miners, running on CPU, GPU and FPGA are currently being finalised. The Company will provide the results of these tests once testing has been completed.

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.”

[hazl] 08/4/2022 18:43

I can only assume that the posters on the sister thread are somewhat desperate that it has hardly shifted from it's highs?
Everyone is waiting with baited breath!

[bulgarian] 08/4/2022 18:39

Roll on the news..

[hazl] 08/4/2022 18:38

It's an exciting time for the industry, both in terms of quantum and blockchain.

[spary1] 08/4/2022 18:21

Bulgarian, as I said, I had read the posts on LSE that morning in a rush and had got the wrong bonds (as others had) due to the fact the company released an RNS about bonds a couple of weeks earlier, when I logged back in and realised my mistake I corrected it with a I had got it wrong as others had so hold my hands up, you however continue to edit your posts in an all to familiar fashion, you on the other hand made false statements on nothing other than your continued malicious attack on another company which you have done for 7years.

ford fairlane4 Apr '22 - 00:50 - 8550 of 8553
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So bully yet again you prove you are happy to can make up facts to suit your viewpoint.

Now you have followed me onto here like some sado stalker and continue to threaten and Bully me. You are as much of a nut as Quaterbrain

[bulgarian] 08/4/2022 18:13

To point out your false and misleading posts son?

Bond holder 2020 this week was a classic. You suggested it was 15p. It is in fact 1p?

Just the 15 times out & wrong.

Remember Murchison son? That was going to be worth billions you reckoned...

Let's hope this doesn't repeat?

[spary1] 08/4/2022 18:12

Iglen. Cryptominer has already had answers to what has been said via RNS yet seems unable to accept this, he would rather push his version which is libellous. The update provide through official channels doesn’t suit his agenda.

[spary1] 08/4/2022 18:07

Just pointing out how you lie with your malicious posts then edit them as you have many many times before.

So the reason you are here again is?

[bulgarian] 08/4/2022 17:40

Sprat1,

In your shoes, & I thank my lucky stars I'm not, I wouldn't be referring to a stock that you were ramping @ 30p which is now 0.12p.

Not a good look perhaps?

[iglenn] 08/4/2022 17:32

criptominer, I think an answer from you is much more deserved. Are you saying that QBT have misled their investors in their RNS dated 5th Nov 2021.? I quote from the RNS :"Should this route be successful, mining via this method could commence as early as Q2 2022."

You have basically implied that they are lying. Do you think they have misled investors and cannot in fact mine within 2 years.?

I look forward to your expert answer.

[spary1] 08/4/2022 17:06

Cryptominer, the company have said they will release information when testing g is complete, are you thick

[spary1] 08/4/2022 17:01

Bulgarian, care to explain why you had to alter your trolling post on another share, because it was all lies and libellous per chance. Also you get called bully for a reason

ford fairlane4 Apr '22 - 00:50 - 8550 of 8553
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So bully yet again you prove you are happy to can make up facts to suit your viewpoint.

There is no pension plan in Mosman that I can find.

spary14 Apr '22 - 08:03 - 8551 of 8553 Edit
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FF, looks like another edited & altered post from Bulgarian, again it must have been a lie he has had to change.

ford fairlane4 Apr '22 - 08:54 - 8552 of 8553
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Yes Spary he has deleted the reference to Mosman's pension fund.

ford fairlane5 Apr '22 - 04:47 - 8553 of 8553
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It is such a shame that trolls exist, and truth is absent from posts.

[cryptominer] 08/4/2022 16:56

spary as usual no answer to my simple questions regarding the QBT miner: 1. The power efficiency in J/TH 2.The cost.

[bulgarian] 08/4/2022 16:53

Sprat1, as a LTH, got the 2020 bond conversion out by a factor of 15.

By now, anyone seeing its moniker on any stock, should be hoisting a red flag..

They all end in tears..in the end.

[spary1] 08/4/2022 16:42

A reply to your ramblings from another poster earlier Cryptominer

Excellent reply to the Cryptominers trolling post

1) If QBTs AI can mine 10x, 100x or 1000x faster than the competition, energy prices don't matter because the win rate will be so high.

2) The AI can run on currently available chips.

3) It dosn't necessarily have to be QBTs hardware, they could outlicense.

4) They will be inundated with offers to use the tech and takeover offers.

5) QBT will be worth $billions.

[figtree99] 08/4/2022 16:36

Roll on next week...

[spary1] 08/4/2022 16:36

Pmsl Cryptominer, so basically you are saying FG has lied Via RNS that has to be passed through Nomad to be released?

You are saying that information is bad info?

We have mining experts on the team, they are all wrong and a poster like yourself is apparently right, give it a rest troll. 100% of your posts on QBT and previously CLP are negative, you have an agenda and it’s clear for everyone to see it.

Will forward your post to FG for him to look into regarding deformation.