Quantum Blockchain Techn... Share Discussion Threads

[sharetalk] 30/5/2022 09:04

QBT23/5/2022"the Company expects to shortly commence real Bitcoin mining using Method 'A', performed on the latest generation of GPU and FPGA."

[oliversydney] 30/5/2022 08:58

A buy first thing of 900000 got this moving and now looking undervalued and maybe Rns last week has been overlooked as to me looked ground breaking

[sharetalk] 30/5/2022 08:57

QBT 23/5/2022"the Company expects to shortly commence real Bitcoin mining using Method 'A', performed on the latest generation of GPU and FPGA."

[altcoin] 30/5/2022 08:44

Have we mined our first coin? Patent or testing leak or simply a move to correct recent drop ? Time will tell

[allenquatermain] 29/5/2022 21:15

Where’s the welcher gIglenon today

GRINS

[allenquatermain] 29/5/2022 20:57

“Allen Quatermain exposing the fukwits since 2021, it’s what he does”

GRINS

[spary1] 29/5/2022 20:26

Francesco Gardin, CEO and Executive Chairman of QBT, commented: “QBT is addressing an opportunity which represents a step-change for the Bitcoin mining industry, and where our competitors have invested several years, hundreds of researchers and engineers, as well as tens of millions of pounds. After just one year, QBT is already in a position to start its knowledge-based Bitcoin mining, using what we believe to be a unique and novel approach. The results of our Bitcoin mining endeavours during the next few months will determine the real value of our approach.

“At the same time, we continue to improve the chip design of ASIC based traditional mining by optimising the SHA-256 algorithm and its silicon implementation. Our Quantum Computing team has now successfully achieved its first correct quantum computation of a reduced size version SHA-256 and is now scaling up to the full SHA-256.

“The complexity of the task makes predicting the timeframe for publishing new results and operational updates difficult. We have over 20 world-class experts working in our R&D team to achieve these results. We will endeavour to communicate more frequently with our shareholders. We strongly believe that our efforts are taking QBT into a new direction of Bitcoin mining and ask for shareholders’ patience until these efforts are rewarded by success.”

[allenquatermain] 29/5/2022 20:17

Skynet200 is just another clown on this board

He predicted 5p a couple of weeks ago and it went under 2p

Just another clueless fukwit like the rest of them

GRINS

[244dk] 29/5/2022 18:36

Skynet, give me just two sensible reasons that qbt is going £1 plus and then give me a timeframe for the rise.

[spary1] 29/5/2022 18:33

Francesco Gardin, CEO and Executive Chairman of QBT, commented: “QBT is addressing an opportunity which represents a step-change for the Bitcoin mining industry, and where our competitors have invested several years, hundreds of researchers and engineers, as well as tens of millions of pounds. After just one year, QBT is already in a position to start its knowledge-based Bitcoin mining, using what we believe to be a unique and novel approach. The results of our Bitcoin mining endeavours during the next few months will determine the real value of our approach.

“At the same time, we continue to improve the chip design of ASIC based traditional mining by optimising the SHA-256 algorithm and its silicon implementation. Our Quantum Computing team has now successfully achieved its first correct quantum computation of a reduced size version SHA-256 and is now scaling up to the full SHA-256.

“The complexity of the task makes predicting the timeframe for publishing new results and operational updates difficult. We have over 20 world-class experts working in our R&D team to achieve these results. We will endeavour to communicate more frequently with our shareholders. We strongly believe that our efforts are taking QBT into a new direction of Bitcoin mining and ask for shareholders’ patience until these efforts are rewarded by success.”

[allenquatermain] 29/5/2022 18:22

Nothing but vile and vitriol from sprat1

FFS sprat1 have a day off

GRINS

[skynet2000] 29/5/2022 16:49

The one that shall not be named is on other share chats I have an interest in. Same old disgruntled talk there. It needs to seek help!!!

[spary1] 29/5/2022 16:20

Francesco Gardin, CEO and Executive Chairman of QBT, commented: “QBT is addressing an opportunity which represents a step-change for the Bitcoin mining industry, and where our competitors have invested several years, hundreds of researchers and engineers, as well as tens of millions of pounds. After just one year, QBT is already in a position to start its knowledge-based Bitcoin mining, using what we believe to be a unique and novel approach. The results of our Bitcoin mining endeavours during the next few months will determine the real value of our approach.

“At the same time, we continue to improve the chip design of ASIC based traditional mining by optimising the SHA-256 algorithm and its silicon implementation. Our Quantum Computing team has now successfully achieved its first correct quantum computation of a reduced size version SHA-256 and is now scaling up to the full SHA-256.

“The complexity of the task makes predicting the timeframe for publishing new results and operational updates difficult. We have over 20 world-class experts working in our R&D team to achieve these results. We will endeavour to communicate more frequently with our shareholders. We strongly believe that our efforts are taking QBT into a new direction of Bitcoin mining and ask for shareholders’ patience until these efforts are rewarded by success.”

[allenquatermain] 29/5/2022 15:28

spary1 - 29 May 2022 - 14:59:39 - 16048 of 16051
No Cryptominer, all you have done is troll and Criticise the company for 4-5 years. That is now bordering malicious trolling

——-
How can crytominer be a troll for asking relevant questions

Why all the bile and vitriol from sprat1 ? What is your agenda ?

[skynet2000] 29/5/2022 15:27

This share is going to rocket soon, never 10p a share its going to be well over one pound!!!

[allenquatermain] 29/5/2022 15:22

Sprat1 can’t think for himself he just copies and pastes

It’s embarrassing

GRINS

[spary1] 29/5/2022 15:00

23 May 2022

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

Update on Bitcoin Mining R&D

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

Highlights

Bitcoin mining testing commenced using knowledge-based algorithms Bitcoin mining to follow shortly after completion of current testing Quantum computing simulations generating positive results, and New patent applications to be filed as soon as practicable
Bitcoin Mining

The Company has moved from simulation testing and has started live experimental BTC mining on its IT R&D platform, using a standard version of the SHA-256 algorithm. The main purpose of the mining activity is to collect real time data to populate the Company’s existing Big Data database, which is then utilised by the R&D team with machine learning and data analysis tools. The Company is pleased to report that this development has led to the first two knowledge-based algorithms, which govern the SHA-256 computation, being deployed, with mine testing now taking place.

This is the final step of nearly a year’s work by one of the Company’s two Machine Learning Teams. A third Machine Learning Team, which started work earlier this year, to develop an alternative solution to the two Machine Learning methods, has already delivered some innovative results. Both approaches (Method ‘A’ and Method ‘B’) have a “probabilistic element” approach, which over time, represents a “deterministic superiority”. During testing, Method ‘A’ has improved the performance in speed and energy consumption significantly compared to existing crypto mining hardware. Taking exact measurements is part of QBT’s mining testing programme.

The second knowledge-based mining approach (Method ‘B’) will need the availability of a proprietary ASIC chip which, if successful, probabilistic mining could be improved by several factors compared to today’s deterministic BTC mining using commercial ASIC chips. Theoretical analysis is currently showing a material improvement, but experimental testing is required to quantify it on a large number of real mining cases. The Company is, therefore, assessing its competitive approach using GPU and FPGA chip technology, instead of ASIC, such is the expected potential of this new approach.

Subject to the confirmation of current testing, it is expected that two new patent applications will be filed as soon as practicable.

More importantly, the Company expects to shortly commence real Bitcoin mining using Method ‘A’, performed on the latest generation of GPU and FPGA.

Quantum Computing

Work on the Quantum version of the SHA-256 algorithm is ongoing, and it is expected that a patent application will be filed once the Company achieves theoretical confirmation. Importantly, the Company has been performing simulations on an extremely scaled down simulated Quantum version of the SHA256 algorithm, which have produced exact results (instead of approximate results which are more typical with this type of computation) for the first time – a milestone achievement for QBT.

During the next two months, the Company is aiming to get theoretical evidence of whether the number of Qubits available on the next generation of commercial quantum computers (expected to be released into the market in 2023), will be enough to sustain the Company’s full SHA-256 computation.

Second patent

The current directions taken by both R&D teams of cryptography and ASIC design are now more oriented on extreme silicon energy optimisation techniques, to stress the limit of the physical properties of a 5nm ASIC, for which a leading world-class ASIC design research organisation has been engaged.

The filing of the second patent for the SHA-256 optimisation has been put temporarily on hold. This is pending results of the performance of potential improvements which the Company believes are an alternative to an existing patent, and within a similar speed and energy consumption order of magnitude. An update on this patent will be released once a decision has been reached.

Francesco Gardin, CEO and Executive Chairman of QBT, commented: “QBT is addressing an opportunity which represents a step-change for the Bitcoin mining industry, and where our competitors have invested several years, hundreds of researchers and engineers, as well as tens of millions of pounds. After just one year, QBT is already in a position to start its knowledge-based Bitcoin mining, using what we believe to be a unique and novel approach. The results of our Bitcoin mining endeavours during the next few months will determine the real value of our approach.

“At the same time, we continue to improve the chip design of ASIC based traditional mining by optimising the SHA-256 algorithm and its silicon implementation. Our Quantum Computing team has now successfully achieved its first correct quantum computation of a reduced size version SHA-256 and is now scaling up to the full SHA-256.

“The complexity of the task makes predicting the timeframe for publishing new results and operational updates difficult. We have over 20 world-class experts working in our R&D team to achieve these results. We will endeavour to communicate more frequently with our shareholders. We strongly believe that our efforts are taking QBT into a new direction of Bitcoin mining and ask for shareholders’ patience until these efforts are rewarded by success.”

-ends-

[cryptominer] 29/5/2022 14:23

Iglenn & Spary I only posted a tec info about BTC quantum computing. Are you afraid of the truth? Why you don't write to decrypt for the article that YOU consider against QBT?

[spary1] 29/5/2022 14:05

Says AllenQuaterbrain who wants to see share holders lose all their money, also remember the post where you said you really hated me Quaterbrain, pot and kettle springs to mind

[allenquatermain] 29/5/2022 13:47

Has anyone noticed that all the vile nasty posts come from the bully boy rampers

[allenquatermain] 29/5/2022 13:43

Would sprat1 like to comment on crytominer’s excellent post

Cryptominer - 16 May 2022 - 10:58:52 - 15539 of 15808

Tick tock.... HALF Q2 IS GONE and for starting mining 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. No info!!! 2. No info about the QBT miner and Bitmain with the new S19 XP Hyd icreased the power efficiency from 23,0 J/TH to 20,8 J/T!!!, cost and delivery time. 3. No info about QBT staff able to run the mining farm.