Quantum Blockchain Technologies PLC (AIM:QBT) (QBT) has introduced quite a few developments in its analysis and improvement actions within the improvement of its disruptive Bitcoin mining applied sciences.
QBT has introduced ‘Technique C’ to the desk, a novel strategy leveraging machine studying and synthetic intelligence oracle expertise.
This technique has demonstrated a constant predictive capacity in roughly 30% of circumstances, indicating when an enter to the SHA-256 bitcoin mining algorithm will produce a profitable hash, doubtlessly saving important quantities of vitality.
After months of constant outcomes, QBT is nearing completion of its laboratory testing for Technique C.
Technique C differs from beforehand reported QBT’s Strategies A and Technique B in that it must be straight carried out onto the ASIC chip on the manufacturing stage, whereas Strategies A and B might be equipped to already current miners as a SaaS product.
The group is in early discussions with key business gamers, together with Bitcoin rig producers and mining corporations within the US, setting the stage for future industrial and technical collaborations.
QBT has commenced the event of a proprietary ASIC chip to be utilised as an reasonably priced real-world proving floor for QBT’s disruptive Bitcoin mining expertise.
Francesco Gardin, chief govt and govt chairman of QBT, commented: “The distinctive lab outcomes achieved with Technique C signify additional proof that QBT’s strategy of making use of superior AI and machine studying strategies to enhance the SHA-256 algorithm efficiency for Bitcoin mining, is appropriate.
All the firm’s present efforts at the moment are targeted on turning Strategies A, B and C, into industrial merchandise. This has proved very time consuming, as a result of super reverse engineering efforts concerned in utilizing completely undocumented third-party ASIC chips.
“All the massive North American and Chinese language Bitcoin mining and chip manufacturing corporations with whom QBT has engaged, are ready for the outcomes of our reside checks, specifically with Technique A and B, utilizing at the moment out there industrial mining rigs, earlier than we are able to transfer to the industrial stage
“As introduced on 20 October 2023, we are able to verify that Technique A and B have been redesigned to be technically out there as a SaaS client-server cloud software.”
