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QBT Quantum Blockchain Technologies Plc

0.75
0.00 (0.00%)
Last Updated: 07:31:31
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Quantum Blockchain Technologies Plc LSE:QBT London Ordinary Share GB00B50P5B53 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.75 0.70 0.80 0.75 0.75 0.75 39,583 07:31:31
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 0 -5.03M -0.0039 -1.92 9.68M
Quantum Blockchain Technologies Plc is listed in the Offices-holdng Companies sector of the London Stock Exchange with ticker QBT. The last closing price for Quantum Blockchain Techn... was 0.75p. Over the last year, Quantum Blockchain Techn... shares have traded in a share price range of 0.675p to 3.625p.

Quantum Blockchain Techn... currently has 1,291,313,755 shares in issue. The market capitalisation of Quantum Blockchain Techn... is £9.68 million. Quantum Blockchain Techn... has a price to earnings ratio (PE ratio) of -1.92.

Quantum Blockchain Techn... Share Discussion Threads

Showing 17701 to 17720 of 38450 messages
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DateSubjectAuthorDiscuss
13/4/2022
09:47
QBT down over 5%

Oh dear never mind

The Brady bunch are hiding

HILARIOUS

allenquatermain
13/4/2022
09:18
Crumbs ...spoke to soon
stumbleupon
13/4/2022
09:18
Could this partially explain why price has not dropped off the back of bot initiated sales this morning
stumbleupon
13/4/2022
08:28
So nice to have a troll free thread.
idriveajag
13/4/2022
08:06
5p next update
zxie
13/4/2022
07:24
11 March 2022

Quantum Blockchain Technologies Plc(“QBTâ€� or “the Companyâ€ʏ33;)

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 Companyâ€͐2;s multi-technology approach to develop the fastest Bitcoin (“BTCâ€�) 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 (“IPâ€�) 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 annealingâ€5533;) (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 Companyâ€͐2;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 Companyâ€͐2;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 Companyâ€͐2;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 Companyâ€͐2;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.â€ᦙ3;

spary1
13/4/2022
07:23
Hey Cryptominer, funny how you joined here when 64bit Ltd were found to be incompetent and FG investigated them and how they mismanaged Miner one and had to give away there half for €1, were you the incompetent one who got fired?

Have you not read about the cheap energy in Italy, been mentioned a few times yet you keep ignoring it like it gets in the way of your agenda.

Reposted below will be the RNS, read it then you might understand what QBT are doing thicko

spary1
13/4/2022
07:09
Because you idiot
zxie
12/4/2022
23:33
Sprat1 why do you never respond to crytminors posts
allenquatermain
12/4/2022
23:31
Hey Sprat1

Bitcoins or it’s equivalents mined in March 2022 …

Argo Blockchain 163
QBT 0

allenquatermain
12/4/2022
23:17
11m loading up
zxie
12/4/2022
22:42
Two late reported buys each for 5.5m at 2.85p.
idriveajag
12/4/2022
22:01
Tick tock.... for starting mining, like in missed Q1, is needed: 1. The site with the electricty supply contract (power and price). 2. The hardware (miners). 3. The staff able to run the mining farm. Regarding 1. The energy cost in Europe, cause embargo gas, is growing day by day so this is a very negative point. 2. No info about the QBT miner: chip power efficiency (now 23 J/TH for Bitmain), cost and delivery time. 3. No info about QBT staff able to run the mining farm.
cryptominer
12/4/2022
18:49
FACTS about sprat1 …

Sprat1 said 17 times that mining would begin in Q1

He was wrong 17 times

It’s now Q2 and still none mined

Why would anyone believe a single word that this tool has to say

allenquatermain
12/4/2022
18:48
Bitcoins or it’s equivalents mined in March 2022

Argo Blockchain 163
QBT 0

allenquatermain
12/4/2022
18:33
Thks fig. I have met FG at agm some years back and is a great man both intellectually and honesty!!
joeblogg2
12/4/2022
18:25
AllenQuatermain12 Apr '22 - 18:19 - 14794 of 14794
0 0 0
Iglethug maybe you should do something more worthwhile with your sad vacuous empty life and subscribe to Kerry Katonas only fans site

HILARIOUS

Quaterbrain, you might want to look a bit closer to home with your post above

spary1
12/4/2022
18:19
Iglethug maybe you should do something more worthwhile with your sad vacuous empty life and subscribe to Kerry Katonas only fans site

HILARIOUS

allenquatermain
12/4/2022
18:10
Not selling any of mine till we hit 10p. Bought 2million at 0.4p still think could be the best 8K I've spent in a long time. I'll unload half at 10p.
regandharry5
12/4/2022
16:55
AllenQuatermain12 Apr '22 - 16:21 - 14785 of 14792
0 0 0
Iglethug

Same old pathetic threats trying to look tough

---------------------------------------------------------------------
Lets see. :-)

iglenn
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