Quantum Blockchain Launches Software Version of Its Bitcoin Mining Tool
Quantum Blockchain Technologies PLC has seen a significant rise in its stock prices following the introduction of a pure software version of its Method C AI Oracle. The London-based investment firm, which focuses on research and development in Bitcoin mining, reported an average efficiency increase of over 10% during the testing phase of the new software.
On Wednesday afternoon, Quantum Blockchain's shares surged by 19% to 0.78 Pence in London. Unlike the hardware version, the new software integrates directly with CGMiner and other control systems, which the company claims reduces time to market and initial investments. Furthermore, the software can be used in conjunction with the hardware version to achieve cumulative efficiency gains.
Get $500 free Bitcoin mining for a free testing phase:
- Real daily rewards
- 1 full month of testing
- No strings attached
If you choose to buy after testing, you can keep your mining rewards and receive up to 20% bonus on top.
CEO Francesco Gardin stated, "The last six months have been crucial for this significant research and development success, which included generating a vast amount of mining data for training the new AI model."
The company is currently testing the technology with an unnamed U.S.-based manufacturer of application-specific integrated circuits (ASIC) and is in discussions with other manufacturers ahead of its participation in the Mining Disrupt conference in Dallas this week. Gardin added, "We can confirm that U.S. ASIC manufacturers are inquiring about our technology as it potentially offers a critical competitive edge to evolve their miners from pure 'hash rate' performance to high-quality hash generation."
Key Takeaways:
- Quantum Blockchain's new software version shows over 10% efficiency improvement in Bitcoin mining.
- Stock prices increased by 19% to 0.78 Pence following the announcement.
- The software integrates with existing mining systems, reducing initial costs and time to market.
Source: MarketScreener Schweiz
Sources:
