QBT Unveils AI-Powered Bitcoin Mining Tool, Promises 30% Energy Savings
January 21, 2025This Oracle evaluates the likelihood of achieving a successful output from the SHA-256 algorithm, thus saving both time and resources during the mining process.
QBT, under the leadership of CEO Francesco Gardin, has made a significant breakthrough with its predictive Bitcoin Artificial Intelligence model mining tool, marking a notable achievement in the blockchain sector.
The company has created a predictive Oracle that assesses the SHA-256 algorithm's behavior, enabling miners to avoid unnecessary computations and conserve energy.
QBT's business model revolves around licensing its intellectual property to chip manufacturers, necessitating collaboration to integrate the Oracle's capabilities into mining chips.
Over the past three years, QBT has concentrated on enhancing the SHA-256 algorithm, which is crucial for Bitcoin mining, rather than merely developing a mining tool.
QBT's proprietary technology can potentially reduce Bitcoin mining energy costs by approximately 30% or increase mining speed with a 30% greater hash rate while maintaining current energy consumption levels.
In addition to its current innovations, QBT is also working on two additional projects aimed at further enhancing mining efficiency, with initial testing results showing promise.
The licensing structure includes upfront payments and ongoing maintenance fees for updates to the Oracle's neural networks, ensuring they remain aligned with blockchain advancements.
Gardin expresses strong confidence in QBT's potential for growth within the tech industry, focusing on licensing technologies that enhance mining operations for its partners.
As Bitcoin prices rise, competition within the mining sector intensifies, making QBT's technology a valuable asset for miners looking to improve their performance.
The article concludes by emphasizing QBT's innovative approach to Bitcoin mining and the excitement surrounding its future developments in the cryptocurrency landscape.
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Share Talk • Jan 20, 2025
Zak Mir talks to Francesco Gardin, CEO & Executive Chairman of Quantum Blockchain Technologies Plc