Summary:
Quantum Blockchain Technologies shares updates on its innovative bitcoin mining technologies.
Focus on improving AI methods for commercial mining hardware.
Goal to achieve real-time bitcoin mining through strategic partnerships.
Transitioning from CGMiner to ESP-miner for enhanced mining efficiency.
Preparing for live mining tests after successful laboratory trials.
Quantum Blockchain Technologies' Latest Advances
Quantum Blockchain Technologies PLC (AIM:QBT) has recently shared exciting updates about its ongoing research and development efforts focused on creating disruptive bitcoin mining technologies. Over the last four months, the company has been dedicated to enhancing its AI methods, known as Methods A, B, and C, specifically tailored for existing commercial mining hardware.
Short-Term Goals
The primary objective of QBT is to achieve real-time bitcoin mining through strategic collaborations with leading bitcoin miners. In pursuit of this goal, the company is actively seeking international patents for its innovative intellectual property while also developing new patent applications.
Engagement and Partnerships
Recently, QBT's Chief Research Officer, Francesco Gardin, along with senior team members, participated in major bitcoin conferences across the US to showcase their cutting-edge technology and explore potential partnerships.
Software Evolution
In a significant move, QBT has decided to transition from the CGMiner software platform to ESP-miner, believing that this change will lead to improved efficiency and reliability in its mining operations.
Cutting-Edge Technology
In addition to software enhancements, QBT is testing its AI methods with the latest ASIC chips in real-time mining environments. Laboratory tests for Methods A, B, and C have yielded consistently positive results, and the company is preparing for live mining tests.
Expert Team Expansion
Gardin emphasized that the focus of the company is on adapting these methods to commercial hardware mining platforms, a task requiring a distinct skill set from traditional AI development. An experienced software engineer from Milan University has recently joined the core team, enhancing their capabilities to successfully navigate the transition to real-time bitcoin mining.
Future Prospects
This complex technical advancement is crucial for deploying QBT's technology and engaging in practical partnerships with major industry players, who are currently aware of QBT's innovations and are eagerly awaiting real-time solutions. The switch to the ESP-miner operating system, utilizing ESP32-S3 Espressif MCU and Bm1366 ASIC chips, is expected to significantly expedite progress in this direction.
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