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Going back to before the 2.6 x (160%) increase was announced from the previous update of 30%, FG mentions about the algorithms being tested to 110%, then boom he drops its gone from 30% to 160% (2.6 X) more likely to produce a BTC Block
Layman's terms. 1 x standard rig produces 5 BTC, 1 x QBT algorithms enhancement on same rig produces 13 BTC
QBT currently testing their improvement's to make sure its 100%
You can't test something to 100% if it doesn't work.
Expect the misinformation from the uninvested usual suspects, FOMO is strong and when your stuck in another company heading down then .........
Link to interview,
https://youtu.be/PbwmMecwruU
FG knows the market is gagging for an Update on Method B works, Currently testing improvement's to 100%
Look what happened last time announcement was released after 110% testing, better than anyone expected.
Very close now imho
This is like a Day today interview, Stephen you've lost the news!
"Ask him if he still thinks QBT will be revenue generating in 2024, as previously stated."
"Ask him why they aren't sure it will perform in an operational situation after 5/6 months of live testing"
Good news about the money, obviously, drop in the ocean in terms of Bitcoin mining though. If the full amount was awarded, is that not effectively paying back the bonds anyway?
The questions are pre agreed I believe to avoid any awkwardness.
I would have asked if they had mined anything in the last 5 months considering they are apparently at 100% and live mining 24/7.
I would have also asked details on what the progress was each day considering the Methods were apparently 100% complete already.
I felt like I had to jump ship for now... they will put effort into updates regarding everything but the product. When you are a company aiming to deliver a product to market there should be regular updates to investors, all seems a bit odd and unknown. I will look daily for a positive product update
Come on FG. Give us a R&D update to put paid to all this squabbling. Please.
FG's Words were, they want to be 100% it will perform in an operational situation on a bitcoin mining facility, befor ethey make an announcement to the market, last time FG said about testing to 110% they went from a 30% increase to 160% increase (2.6x)
FG is very understated
'they went from a 30% increase to 160% increase (2.6x)'
What proof did QBT provide for this claim?
LOL....FOMO....
Awl, it feels very close imho now, The product has to be bullet proof for operational release to miners, the suspense is frustrating but its part of the chase.
You can't test something to make sure its 100% ready for market unless it works and is being checked to 100%
You have to dig into what is being said to get all the info.
Also improvements have been made, very exciting times indeed for those with shares
FOMO clear from those that haven't/ stuck in other companies heading down after averaging down.
Parker, I seriously don't know why you engage with Brew? Or why anyone does including me?
Brew is an expert in Misrepresenting the truth. Everything Brew says involves a broader range of actions that go beyond just making false statements. Like yesterday with his two statements regarding 'optimistic and nothing has changed'. Brew omitted important information, using ambiguous language to create a false impression, and selectively presenting facts that FG stated in a way that distorts the overall truth without explicitly stating something false.
Misrepresenting the truth may not always involve an explicit intent to deceive, but it can still lead to a misleading or inaccurate portrayal of reality. Looking through some of his posts he is an expert at misrepresenting the truth.
As to why he spends his life on a chat forum is beyond explanation? He literally must sit checking every few minutes 24/7 apart from when he's asleep. Surely he must have some other interests?
You dislike my posts NSKK because they paint a sceptical view of the company. I see plenty of downright lies and misrepresentation from the bulls but oddly enough you never pull them up on it as it suits your agenda. It is like you and others feel QBT is so fragile that a post on here may somehow affect the outcome of testing. It's very odd.
All I try to do is have a sensible fact based discussion, something many on here are clearly incapable of.
As to how and when I post on here, that's not your concern. I have posted previously on how I do post on here and it certainly does not involve sitting in front of a desktop furiously hitting F5 and clicking my mouse multiple times to get those likes up. I will continue posting facts and informed opinion as I see fit. If you don't like it, filter me, otherwise I assume you are interested in my opinion.
Exactly KoolKat,
Keep reporting for spamming and misinformation.
Ask admin at info@lse.co.uk to deal with it, also ask them to take a look who is behind the multiple recommendations and it should tie a network of multiple ID's together
Brew, your sensible discussion is always negative and you're not invested. Surely, you can see why people will be irritated by your constant questioning of everything? For you not to have a penny invested and constantly putting QBT down is the definition of a troll IMHO. In addition, there're people invested with their hard earned cash having to listen to your constant nonsense. You've absolutely no empathy to anyone on here.
With regards to your comments, you're always sharing theories based on fluff, which doesn't help your course in wanting sensible debate. As I've said 100 times, there has not been any bad news reported, hence everything you state is a theory based on nothing!
Seeing as my thread is being ruined by the FOMO king i will bring it back up
Going back to before the 2.6 x (160%) increase was announced from the previous update of 30%, FG mentions about the algorithms being tested to 110%, then boom he drops its gone from 30% to 160% (2.6 X) more likely to produce a BTC Block
Layman's terms. 1 x standard rig produces 5 BTC, 1 x QBT algorithms enhancement on same rig produces 13 BTC
QBT currently testing their improvement's to make sure its 100%
You can't test something to 100% if it doesn't work, thus, it works and is very close now imho
Expect the misinformation from the uninvested usual suspects, FOMO is strong and when your stuck in another company heading down then .........
The above paragraph has proven to be true
'then boom he drops its gone from 30% to 160% (2.6 X) more likely to produce a BTC Block'
Again, what proof has been provided for the 2.6x claim?
So the company has released news, that would have been verified by the nomads, is what has been shown to the miners which in turn has engaged them with QBT to the point they have asked QBT to redevelop for different rigs and even sent QBT machines, QBT is working with the 2 largest miners, so are you trying to say that these miners are stupid?
or is this yet another attempt to twist and misinform as many others have called you out for now.......
Reported again
You cant get away from the fact method B is being tested on 2 large live mining pools to make sure its 100% stable for deployment, improvements being made all the time, unless you want to call FG a liar again?
"As I've said 100 times, there has not been any bad news reported, hence everything you state is a theory based on nothing!"
FG makes ambiguous, unsupported statements that can be interpreted many different ways and that is exactly what everybody is doing - speculating and coming up with theories as to what it all means. There is no right or wrong - just opinion that varies greatly and this will continue until there is real news either way that is backed up with hard evidence. So more of the same I expect for months to come though we will get the results before the end of the June which will at least give something tangible and different to talk about.
Maybe they are targeting June update to release Method B testing results too
'You cant get away from the fact method B is being tested on 2 large live mining pools to make sure its 100% stable for deployment'
Which pools?
It is quite likely that they will mention testing in the results but I can't imagine it will be anything earth-shattering as a breakthrough didn't sound imminent from the interview (just my interpretation - others will no doubt have a different view). One thing he can't do though is sit on such price-sensitive news just to wait for the results as this would break AIM rules so if there is significant and definitive news on testing that is given with the results it will be because the timings happily coincide.
Hex, there has been no bad news? I'm sure you'll agree? You and Brew are sharing theories based on fluff, which doesn't help on this board. Until the company issues "something wrong/bad" then one must presume everythig is going well? Don't you agree being invested yourself? FG works closely with his Team and wants to get things right. The next RNS could be huge! It might not be, but as I've said 101 times there is not even a whisper of any bad news. The SP will take off again IMO and I will sit patiently until it does.
Brew. Probably can’t disclose which pools due to NDA’S being signed. Or have I picked that up wrong?