Quantum Blockchain Technologies PLC (AIM:QBT) CEO Francesco Gardin recently shared exciting news about the company’s AI-powered Bitcoin mining tool, Method C. This innovative tool, developed by the company’s R&D team, incorporates a predictive Machine Learning model and an AI Oracle to enhance Bitcoin mining efficiency.
According to Gardin, Method C’s AI Oracle has been successfully integrated into Bitcoin mining hardware, resulting in a performance boost of 30% to 50%, particularly at lower mining difficulty levels. Lab tests have confirmed the Oracle’s effectiveness even at the current mining difficulty, challenging industry norms and bringing the company closer to commercialization.
In the coming months, Quantum Blockchain Technologies plans to file a patent for Method C, highlighting the groundbreaking nature of this technology. The company’s focus is now on two key elements to advance Method C towards a commercial release. Firstly, they aim to ensure the Oracle’s continued success as mining difficulty increases. Additionally, they are working on developing a software-only version of the AI Oracle for utilization by mining pools.
This advancement in Bitcoin mining technology is a significant step forward for Quantum Blockchain Technologies, showcasing their commitment to innovation and pushing the boundaries of what is possible in the industry. As Method C continues to evolve and improve, it has the potential to revolutionize the way Bitcoin is mined and further solidify the company’s position as a leader in the field.
