Bitcoin News and Finance UK Researchers Claim New Tech Supercharges Bitcoin Mining With 260% Faster Hash Detection, Slashes Energy Use Skip to main content

UK Researchers Claim New Tech Supercharges Bitcoin Mining With 260% Faster Hash Detection, Slashes Energy Use

UK Researchers Claim New Tech Supercharges Bitcoin Mining With 260% Faster Hash Detection, Slashes Energy Use

Quantum Blockchain Technologies (QBT), a research firm hailing from the U.K., purports to have spearheaded a revolutionary leap in bitcoin mining tech. They’ve unveiled certain methods that reportedly enhance the chances of pinpointing a winning hash. One such strategy, dubbed “Method B,” asserts it elevates the likelihood by a remarkable 260% compared to traditional mining searches, simultaneously slashing energy use by 4.3%.

QBT’s Innovation Claims to Find Hashes Faster

The crypto sphere is abuzz over a freshly uncovered research firm, Quantum Blockchain Technologies (QBT). For over two years, they’ve been diving deep into BTC mining and the intricacies of the SHA256 algorithm. QBT boasts a breakthrough: using machine learning to predict blockchain movements, allowing for advanced block computations. Their claimed cutting-edge research taps into quantum computing, cryptographic enhancements, deep learning, AI, and the design of FPGA and ASIC, among other innovative methods.

In a recent conversation with Thomas Warner, QBT’s chief Francesco Gardin shed light on this groundbreaking tech shortly after the U.K. patent filing. Gardin is confident that their insights surpass the prevailing wisdom in today’s mining sector, thanks to collaborations with North American experts. Their patent unveils a novel strategy named “MSFCA” or “ASIC Enhanced Boost,” enabling miners to commence work on upcoming blocks even before wrapping up the current one. QBT insists this forward-thinking approach conserves both time and computing power, particularly for application-specific integrated circuits (ASICs).

QBT believes this innovation tackles a significant hiccup in bitcoin (BTC) mining: the waiting period between blocks. While MSFCA doesn’t turbocharge the primary SHA256 computations, it greenlights some preemptive work, optimizing energy and resources. The trick? Minimizing the use of specific components (logic gates) on the ASIC chip. Gardin shared with Warner that QBT’s innovation might slash logical gates, potentially whittling circuits down by 8%. Researchers say while some extra gear is required for this anticipatory work, its footprint remains negligible.

Despite facing a few tech hurdles, such as memory chip constraints, QBT is bullish on MSFCA’s prospects. Their “Method B” rapidly runs myriad terahashes within the typical ten-minute block window, expertly steering the hunt to zones where winning hashes might lurk. By blending machine learning with mathematical techniques, this approach cherry-picks hashes from the most promising sectors, eliminating redundant calculations.

Lab tests by QBT indicate that Method B spots winning hashes a staggering 260% faster than conventional methods, cutting energy use by roughly 4.3%. This tech revelation coincides with Bitcoin’s hashrate soaring to record-breaking levels, nearing an impressive half zettahash. As of today, Friday, August 18, 2023, the total network hashrate stands at 358.58 exahash per second (EH/s). Mining manufacturing bigwigs like Bitmain, Microbt, and Canaan are in a race, crafting rigs equipped with ultra-efficient chips.

Microbt’s newest unit churns out 320 terahash per second (TH/s), rumored to harness Samsung’s 3-nm GAA semiconductor. Bitmain just unveiled a rig set to revolutionize energy efficiency, dipping below the 20 joules per terahash (J/T) mark. Meanwhile, Canaan is teasing a game-changing product set to debut in September, aligning with Bitmain’s latest launch.

What do you think about the technology QBT says it has created? Share your thoughts and opinions about this subject in the comments section below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory