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QBT

Quantum Blockchain Technologies Plc

1.525
0.00 (0.0%)
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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 Shares Traded Last Trade
Upgrade Icon
  0.00 0.0% 1.525 4,496,623 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.50 1.55 1.525 1.525 1.525
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Offices-holdng Companies,nec 0.01 -5.40 -0.60 - 14.41
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:54 O 33,618 1.505 GBX
Related Shares
Close Brothers (CBG), Paragon Banking (PAG), Boston (BIH), Davictus (DVT)

Quantum Blockchain Techn... (QBT) Latest News

Quantum Blockchain Techn... News

Date Time Source Headline
01/6/202310:23ALNCNewsIN BRIEF: Quantum Blockchain Technologies raises GBP1 million
01/6/202308:10DJNQuantum Blockchain Technologies Raises GBP1 Million via Discounted Share..
01/6/202307:00UKREGQuantum Blockchain Technologies Plc Placing for £1 million
31/5/202311:23UKREGQuantum Blockchain Technologies Plc Grant and Amendment of Options
26/5/202307:00UKREGQuantum Blockchain Technologies Plc New Marketing & Bus Dev Manager
10/5/202312:25ALNCNewsQuantum Blockchain completes testing phase of bitcoin mining algorithm
10/5/202309:03DJNQuantum Blockchain Technologies Shares Rise After Bitcoin Mining Test..
10/5/202307:00UKREGQuantum Blockchain Technologies Plc Bitcoin Mining Update
31/3/202307:00UKREGQuantum Blockchain Technologies Plc Rollover of Directors' REPO
22/3/202307:00UKREGQuantum Blockchain Technologies Plc Bitcoin Mining Report

Quantum Blockchain Techn... (QBT) Discussions and Chat

Quantum Blockchain Techn... Forums and Chat

Date Time Title Posts
09/6/202313:37Quantum Blockchain Technologies - Worlds Fastest Bitcoin Mining Tech1,539
09/6/202308:09Quantum Blockchain Technologies Plc64
16/5/202313:49Goldman Sachs to buy Quantum blockchain tech.? looking at crypto firms37
21/4/202311:56QBT - Green Powered Quantum Blockchain Technologies18,754
16/11/202210:36Quantum Blockchain - AI NEW THREAD3,301

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Quantum Blockchain Techn... (QBT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:28:551.5133,618505.95O
15:28:241.5133,618505.95O
15:27:481.5133,618505.95O
15:26:591.5232,176490.49O
15:26:121.51133,2862,005.95O

Quantum Blockchain Techn... (QBT) Top Chat Posts

Top Posts
Posted at 27/5/2023 19:49 by bbanker
It would be very difficult to assess the true worth of the business and I don’t think those who have contributed so much to the potential value of QBT’s shares would allow it to be given away. The current situation suggests enormous potential and I can understand FG’s unwillingness to comment on the share price. We will just have to sit back and enjoy fluctuations in the share price as the potential here is increasingly recognised. There can be very few holders prepared to sell after holding on for the very outcome we were anticipating. I don’t think I have ever felt so bullish about any of my investments. Roll on Tuesday!
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Posted at 27/5/2023 15:27 by sharetalk
All nine of the large North American miners would gain from using QBT's software and loose out if they didn't use it. Based on what FG said in the interview yesterday, it could be deployed in around two months time, so by end July. That would presumably mean instant revenues for QBT and a share price 100p to 200p, or more if the bitcoin price rises as it should at some point.

N.B.

QBT Commercialistation:

Several routes, incl QBT could license its software to miners* (in return for percentage of the extra coins mined), mine itself, license its faster ASIC chip to manufacturers (e.g. in return for commissions on sales), or a combination.

* QBT Market Research Report - 'BTC 2022 Mining Industry: Main Listed Miners,' QBT, Mar 2023 (Tab 6, Page 11, Bitcoins Mined by Nine Key Bitcoin Miners in 2022):

https://quantumblockchaintechnologies.co.uk/component/osdownloads/free-abridged-report/btc-2022-mining-industry-main-listed-miners-free-report?Itemid=171

-- Core Scientific (USA) = 14,420 (4.4%)
-- Riot Blockchain (USA) = 5,536 (1.69%)
-- Bitfarms Ltd (Canada) = 5,168 (1.58%)
-- Hive Blockchain (Canada) = 4,628 (1.41%)
-- Marathon Digital (USA) = 4,144 (1.26%)
-- Cleanspark Inc (USA) = 3,917 (1.20%)
-- Hut 8 Mining (Canada) = 3,568 (1.09%)
-- Iris Energy Ltd (Australia) = 3,472 (1.10%)
-- Argo Blockchain = 2,199 (0.67%)

-- Total = 47,052 (14.4% of world bitcoin mined)

If QBT had licensed its 2.6x software (10/5/2023) to nine key Bitcoin (BTC) miners above for Full Yr 2022:

-- Potential BTC mined if using QBT's 2.6x software = 47,052 x 2.6 = 122,335
-- Potential extra BTC mined if using QBT's 2.6x software = 122,335 - 47,052 = 75,283
-- 25% commission to QBT on extra BTC mined = 0.25 x 75,283

= 18,820 Bitcoins to QBT

-- Value of commission to QBT at say $30,000 per Bitcoin = 18,820 x 30,000

= $564,600,000 ($564.6m) to QBT

-- Almost all profit, as QBT only distribute software, without mining expense.

-- Excludes further gains from using QBT's ASIC Chip or Quantum version (orders of magnitude faster), higher commission to QBT and higher bitcoin price.


QBT News (26/5/2023):

hTTps://uk.advfn.com/stock-market/london/quantum-blockchain-techn-QBT/share-news/Quantum-Blockchain-Technologies-Plc-New-Marketing/91168593

QBT appoint Marketing and Business Development Manager to address large bitcoin mining businesses in US and Canada, bitcoin mining rig manufacturers in US and China, and be in charge of initial phase of QBT's recently established renewable energy zero carbon mining project.


QBT Interview (26/5/2023):

https://www.youtube.com/watch?v=dQDAZqIkOQQ

- QBT will be concluding deals within a few months (hence the new marketing appointment today). The "sell cycle is typically a few months...so it's better to start now".

- "it's a huge market with huge potentials".

- The next big announcements will be, "strong partnerships" (deals) with "stong [North American] partners in the sector."
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Posted at 26/5/2023 19:17 by sharetalk
QBT News (26/5/2023)

hTTps://uk.advfn.com/stock-market/london/quantum-blockchain-techn-QBT/share-news/Quantum-Blockchain-Technologies-Plc-New-Marketing/91168593

QBT appoint Marketing and Business Development Manager to address large bitcoin mining businesses in US and Canada, bitcoin mining rig manufacturers in US and China, and be in charge of initial phase of QBT's recently established renewable energy zero carbon mining project.


QBT Interview (26/5/2023)

https://www.youtube.com/watch?v=dQDAZqIkOQQ

- QBT will be concluding deals within a few months (hence the new marketing appointment today). The "sell cycle is typically a few months...so it's better to start now".

- "it's a huge market with huge potentials".

- The next big announcements will be, "strong partnerships" (deals) with "stong [North American] partners in the sector."
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Posted at 26/5/2023 13:47 by sharetalk
QBT News (26/5/2023)

hTTps://uk.advfn.com/stock-market/london/quantum-blockchain-techn-QBT/share-news/Quantum-Blockchain-Technologies-Plc-New-Marketing/91168593

QBT appoint Marketing and Business Development Manager to address large bitcoin mining businesses in US and Canada, bitcoin mining rig manufacturers in US and China, and be in charge of initial phase of QBT's recently established renewable energy zero carbon mining project.


QBT Interview (26/5/2023)

https://www.youtube.com/watch?v=dQDAZqIkOQQ

- QBT will be concluding deals within a few months (hence the new marketing appointment today). The "sell cycle is typically a few months...so it's better to start now".

- "it's a huge market with huge potentials".

- The next big announcements will be, "strong partnerships" (deals) with "stong [North American] partners in the sector"
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Posted at 24/5/2023 20:49 by sharetalk
For those who missed it earlier:

Excellent new info re QBT's Methods A and B:

1) Updating of QBT's website Products and Services page and provision of the email contact, suggests commercial availability of Methods A and B is close and QBT will be making them available to third parties.

2) Operation dependent connection to the QBT server, will also presumably:

a) Allow QBT to retain more security over the Machine Learning know-how aspects of Methods A and B.

b) Allow QBT to monitor the number of bitcoins successfully mined in real time and thus calculate their commissions in real time and perhaps export a proportion of the extra bitcoins mined.

...............

Products and Services updated on the QBT website:

Mining Software:

Method A and Method B

hTTps://quantumblockchaintechnologies.co.uk/products-services

Method A

Quantum Blockchain Technologies PLC (QBT) Machine Learning Research Team has developed a new Bitcoin (BTC) mining strategy, called Method A.

Unlike current standard BTC mining approach, based on a search strategy, where the mining rig runs as many Tera hashes as possible, during the circa 10 minutes allowance for each block, with no special criteria on which hashes to process first, QBT Method A, decides, at the beginning of each block hashing, whether to hash using a traditional search, or a spaced confined search.

Extensive Lab tests, at a lower difficulty than the current, training complex neural networks, have showed that hashing with Method A criteria, can improve the ability to find a winning hash up to 10%, compared to current search, by tacking advantage of a weak point of the header generation procedure to gain a statistical advantage over competitors of the order of 10% in mining speed.

Method A software will be available as a software module upgrade to commercial mining rigs firmware and will be connected to QBT server, where the in house Machine Learning engine, via a proprietary platform, will dispatch to the the mining rig speed-up parameters at the beginning of each new block computation. Activation mode of Method A will be as plug&play on existing mining rigs.

For further information, please contact QBT Business Development department at:

info@quantumblockchaintechnologies.co.uk

Method B

Quantum Blockchain Technologies PLC (QBT) Machine Learning Research Team has developed a new Bitcoin (BTC) mining strategy, called Method B.

Unlike current standard BTC mining approach, based on a search, where the mining rig runs as many Tera hashes as possible, during the circa 10 minutes allowance for each block, with no special criteria on which hashes to process first, QBT Method B, guides the search, by deciding where the most promising winning hashes are likely to be found.

The procedure moves through the state space consisting of different header parameters and, through a composition of ML and mathematical methods, thereby searches and selects portions of the state space for which the hashes will be processed. This approach avoids processing a large numbers of hashes, obtaining the result in less time.

Extensive Lab tests, at a lower difficulty than the current, have shown that hashing guided with Method B criteria, can improve the ability to find a winning hash by 2.6 times, compared to standard search, while saving up to 4.3% of energy.

Method B software will be available, as a software module upgrade to commercial mining rigs firmware and will be connected to QBT server, where the in house Machine Learning engine, will update the parameter of the software module dynamically. Activation mode of Method B will be as plug&play on existing mining rigs.

For further information, please contact QBT Business Development department at:

info@quantumblockchaintechnologies.co.uk
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Posted at 24/5/2023 09:01 by noirua
The QBT share price is under pressure as investors see a long road ahead for development and the need for a cash raising, probably not now, but later in the year. The weakening Bitcoin price may be a factor as the market keeps watch though it can turn sharply so may be not that much of a factor.
Likely to do some occasional runups and then fall back again which has been the way. Fair prospects IF it gets a Bitcoin miner of note to be interested. Being UK based is a factor and may look to NASDAQ further on IF all goes well - it may not of course.
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Posted at 24/5/2023 07:06 by sharetalk
Excellent new info re QBT's Methods A and B:

1) Updating of QBT's website Products and Services page and provision of the email contact, suggests commercial availability of Methods A and B is close and QBT will be making them available to third parties.

2) Operation dependent connection to the QBT server, will also presumably:

a) Allow QBT to retain more security over the Machine Learning know-how aspects of Methods A and B.

b) Allow QBT to monitor the number of bitcoins successfully mined in real time and thus calculate their commissions in real time and perhaps export a proportion of the extra bitcoins mined.

...............

Products and Services updated on the QBT website:

Mining Software:

Method A and Method B

hTTps://quantumblockchaintechnologies.co.uk/products-services

Method A

Quantum Blockchain Technologies PLC (QBT) Machine Learning Research Team has developed a new Bitcoin (BTC) mining strategy, called Method A.

Unlike current standard BTC mining approach, based on a search strategy, where the mining rig runs as many Tera hashes as possible, during the circa 10 minutes allowance for each block, with no special criteria on which hashes to process first, QBT Method A, decides, at the beginning of each block hashing, whether to hash using a traditional search, or a spaced confined search.

Extensive Lab tests, at a lower difficulty than the current, training complex neural networks, have showed that hashing with Method A criteria, can improve the ability to find a winning hash up to 10%, compared to current search, by tacking advantage of a weak point of the header generation procedure to gain a statistical advantage over competitors of the order of 10% in mining speed.

Method A software will be available as a software module upgrade to commercial mining rigs firmware and will be connected to QBT server, where the in house Machine Learning engine, via a proprietary platform, will dispatch to the the mining rig speed-up parameters at the beginning of each new block computation. Activation mode of Method A will be as plug&play on existing mining rigs.

For further information, please contact QBT Business Development department at:

info@quantumblockchaintechnologies.co.uk

Method B

Quantum Blockchain Technologies PLC (QBT) Machine Learning Research Team has developed a new Bitcoin (BTC) mining strategy, called Method B.

Unlike current standard BTC mining approach, based on a search, where the mining rig runs as many Tera hashes as possible, during the circa 10 minutes allowance for each block, with no special criteria on which hashes to process first, QBT Method B, guides the search, by deciding where the most promising winning hashes are likely to be found.

The procedure moves through the state space consisting of different header parameters and, through a composition of ML and mathematical methods, thereby searches and selects portions of the state space for which the hashes will be processed. This approach avoids processing a large numbers of hashes, obtaining the result in less time.

Extensive Lab tests, at a lower difficulty than the current, have shown that hashing guided with Method B criteria, can improve the ability to find a winning hash by 2.6 times, compared to standard search, while saving up to 4.3% of energy.

Method B software will be available, as a software module upgrade to commercial mining rigs firmware and will be connected to QBT server, where the in house Machine Learning engine, will update the parameter of the software module dynamically. Activation mode of Method B will be as plug&play on existing mining rigs.

For further information, please contact QBT Business Development department at:

info@quantumblockchaintechnologies.co.uk
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Posted at 23/5/2023 14:33 by city chappy
The share price is falling, presumably because the UK patent office recently indicated QBT's 'Method A' (7%) software was not patentable, on the grounds most software isn't patentable. QBT's patent agent have submitted a response and the outcome is awaited.

Regardless of the outcome, the main focus is now on progress with QBT's vastly superior Method B, which should be earning revenues for the Company this year. QBT would not need a patent if they either use Method B themselves, or protect it with licensing agreements and anti-tampering measures for use by others, or both.

So the current share price might present a nice top-up opportunity for those able to see the bigger picture, ahead of more news on Method B, their own ASIC chip and a quantum version.
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Posted at 12/5/2023 09:20 by sharetalk
If QBT had licensed its 2.6x software enhancement to nine key miners for full year 2022:

Bitcoins Mined by Nine Key Bitcoin Miners in 2022
(BTC 2022 Mining Industry: Main Listed Miners, QBT, Mar 2023):

- Core Scientific (USA) = 14,420 (4.4%)
- Riot Blockchain (USA) = 5,536 (1.69%)
- Bitfarms Ltd (Canada) = 5,168 (1.58%)
- Hive Blockchain (Canada) = 4,628 (1.41%)
- Marathon Digital (USA) = 4,144 (1.26%)
- Cleanspark Inc (USA) = 3,917 (1.20%)
- Hut 8 Mining (Canada) = 3,568 (1.09%)
- Iris Energy Ltd (Australia) = 3,472 (1.10%)
- Argo Blockchain = 2,199 (0.67%)

- Total = 47,052 (14.4%)


Potential Bitcoins mined if using QBT's 2.6x enhancement = 47,052 x 2.6 = 122,335

Potential extra Bitcoins mined if using QBT's 2.6x enhancement = 122,335 - 47,052 = 75,283

25% commission to QBT on extra Bitcoins mined = 0.25 x 75,283

= 18,820 Bitcoins to QBT

Value of commission to QBT at say $30,000 per Bitcoin = 18,820 x 30,000

= $564,600,000 ($564.6m) to QBT

Virtually all profit, as all QBT would have to do is distribute the software, without any expense of mining.

Excludes further gains from using QBT's own ASIC Chip or Quantum version (orders of magnitude faster).
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Posted at 11/5/2023 19:37 by sharetalk
Quantum Blockchain Technologies announce major breakthrough 2.6x advantage for Mining bitcoin:

Vox Markets Interview with QBT's CEO, FG:
11/5/2023, Method B:

hTTps://www.voxmarkets.co.uk/articles/quantum-blockchain-technologies-our-algorithm-increases-the-rate-of-successful-bitcoin-mining-by-2-6-times-d4657a7

FG - "We conducted a long series of experiments, which lasted nearly 6 months. Results are final, give us certainty our method works...an achievement, solid results...We win 2.6x more...In bitcoin mining, only one thing matters, who gets to the end of the race first..We win the race 2.6x more...very, very, very impressive results."

Interviewer - "That 2.6x, that's a huge number for big miners [e.g.] one is mining 1 bitcoin and another using your algo is mining 2.6. That's a huge advantage. [For a larger comparison] not using mines 5 [but] using [QBT's algo] mines 13 bitcoin. That's a phenonemal advantage isn't it?"

FG - "It's massive, its absolutely massive. Puts the miner [using QBT's Method B] in an advantage..and other miners in a disadvantage position...Its really massive...We are not pleased, we are more than pleased...What we have now established with our methodology [Method B] is we can mine 2.6x faster or with a better chance...compared to not having this algo.

...We are in the process of acquiring miners to use our Method B...either within our company or in partnership with miners who already have equipment available...Going from a research result into a product...At the same time we have other methods but this is the one where we will focus first...However fast the ASIC chip is now or in the future, we can always add performance. This is a real breakthrough, especially with the halving approaching next year."


Proactive Interview with QBT's CEO, FG:
11/5/2023, Method B:

hTTps://www.youtube.com/watch?v=pgVO8_tncRM

Interviewer - "This seems an almost unreal announcement. It almost seems like winning the lottery, knowing exactly which numbers to play."

FG - "We are really, really, really happy and excited by the result...Very solid statistically tested results...Our algo of Machine Learning can direct the search of a miner in areas where the results are more promising...We have 2.6x more chances to find the winning hash than someone mining without our algo using the same machine. It's great."

Interviewer - Can you tell us about the reduction in electricity?

FG - "The reduction of electricity is a plus...It can save £millions.

...Now...use existing chips. You have a dominant provider, who has more than 80% of the market, then you have others like Intel who entered then exited the market but which in our view developed the best chip and there will be hundreds of thousands of miners based on the intel chip already released...10%...Our goal now is to install our software on these miners...and guide the chip."

Interviewer - "How has the crypto market responded to this news?"

FG - "I never comment on the share price...At least one of the top blogs for international bitcoin miners immediately contacted us for an interiew, because 2.6x is such a big number, which is a good indication of how this breaktrough is been taken by the people who are expert and active in the sector."

Interviewer - "It sounds incredible...sounds like it can only get better."
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