Skip to content

Anglo-Italian company claims major breakthrough in Bitcoin mining

Anglo-Italian company claims major breakthrough in Bitcoin mining

The world of Bitcoin (BTC) mining is a race against time and inefficiency. Miners dedicate huge computing power to solve complex mathematical puzzles, securing the network in the process. 

Enter Quantum Blockchain Technologies (QBT), an Anglo-Italian company, with a story that could rewrite the narrative of Bitcoin mining.

Their secret weapon

Method C represents a revolutionary approach that leverages the power of artificial intelligence (AI) and machine learning. 

Unlike traditional methods, which resemble a brute-force attack on a digital lock, Method C aims to be more elegant. It utilizes an AI oracle technology, to predict the outcome of these computations. 

The environmental impact of Bitcoin mining has been a major point of contention. A 30% reduction in computations would translate to a substantial decrease in the overall energy footprint of the network. 

For miners themselves, Method C presents the enticing prospect of lower operational costs and potentially higher profits.

From theory to reality

However, the path forward isn’t without its challenges. While the theoretical framework for Method C is solid, integrating the AI solution with existing mining rigs requires careful consideration. 

It’s akin to fitting a high-tech fingerprint scanner onto a traditional lock – a complex feat that demands seamless integration.

Despite these obstacles, QBT remains confident. The company plans to demonstrate Method C’s viability by integrating it with prototype chips and existing patent applications. 

Conversations with leading mining rig makers are happening, aiming to demonstrate real-world performance improvements.

Key milestones on the horizon

The coming months will be a period of intense prediction for QBT. 

The successful application of their Methods A and B (details yet to be revealed), alongside live comparisons demonstrating Method C’s efficiency gains, will be key milestones to observe. 

If QBT can bridge the gap between theory and practice, they have the potential to guide in a new era of sustainable, efficient, and more intelligent Bitcoin mining. 

This isn’t just a story about tech; it’s a story about innovation with the potential to reshape the future of cryptocurrency.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Services

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.