Quantum Blockchain Technologies (QBT), a cutting-edge U.K.-based research firm, has unveiled a series of game-changing innovations that are poised to redefine the landscape of Bitcoin mining. CEO Francesco Gardin has revealed that QBT’s ingenious fusion of artificial intelligence (AI) and algorithmic search methods holds the potential to significantly enhance both the efficiency and reward probabilities of Bitcoin miners.
Gardin’s revelation sheds light on QBT’s methodological shift, departing from conventional random searches towards AI-enabled smart searches for winning hashes. Drawing upon a consortium of experts spanning quantum computing, machine learning, cryptography, ASIC chip design, and algorithm optimization theory, QBT has harnessed the prowess of AI to propel the field forward.
The outcome of two years of relentless research and development has given birth to two distinct algorithmic search methods, each poised to revolutionize the Bitcoin mining landscape. “Method A” promises a remarkable 10% increase in miner efficiency, while the staggering 260% improvement in the probability of unearthing a winning hash is attributed to “Method B.”
Gardin articulates a multi-pronged approach that QBT aims to explore. Immediate goals include augmenting existing commercial ASIC chips by integrating AI software components, effectively boosting their mining prowess. Simultaneously, QBT engineers are meticulously crafting a novel ASIC chip architecture, meticulously designed to optimize the Bitcoin mining process—a breakthrough detailed in a recent patent application.
A forward-looking vision propels QBT’s long-term aspiration: harnessing the power of quantum computers to mine Bitcoin through an in-development SHA-256 computation method designed for quantum systems. July 2023 saw QBT file a patent application that delineates a revolutionary architectural transformation for Bitcoin mining ASIC chips. The patent introduces the QBT Message Scheduling for Cryptographic Hashing ASIC (MSFCA), a trailblazing innovation that reshapes the very fabric of SHA-256 ASIC chips.
MSFCA’s pre-calculations of forthcoming BTC blocks, undertaken before the current block’s closure, translate into an “anticipatory resource efficiency algorithm.” This unprecedented algorithm curtails the necessity for an excessive number of logic gates within the SHA-256 ASIC architecture, effectively slashing energy consumption and turbocharging efficiency.
Intriguingly, QBT estimates that their innovation could liberate up to 8% of logic gates within SHA-256 ASIC chips by optimizing data processing for future Bitcoin blocks. This calculated reduction serves to eliminate the need for certain logic gates previously indispensable for computation, thereby streamlining the mining process while minimizing energy expenditure.
Gardin’s thoughts on the impact of QBT’s innovations are remarkably significant. He highlights that the Bitcoin mining industry heavily depends on brute force and chance, where factors like hardware setup, hashing power, and energy usage play a bigger role than they should.
There are no methods, intelligence or strategy in current BTC mining, but simply brute force and luck.Francesco Gardin, CEO, Quantum Blockchain Technologies.
QBT’s technology has been meticulously crafted using Intel’s Blockscale ASIC chips, an approach that promises benefits across diverse mining rigs. These advancements are poised to bestow an “uncatchable advantage” through the amalgamation of AI and SHA-256 optimization—an advantage that, as Gardin emphasizes, could potentially transform the industry.
In a sphere marked by its unwavering dependence on cutting-edge technology, QBT’s innovations stand poised to usher in a new era of efficiency, sustainability, and profitability—a testament to the ceaseless ingenuity of the human intellect as it intersects with the boundless possibilities of AI and quantum computing.