AI’s Role in Upping Bitcoin Mining Game
Quantum Blockchain Technologies (QBT), headquartered in the UK, is shifting the dynamics in the Bitcoin mining scene. CEO Francesco Gardin elaborates on the AI-infused algorithms that redefine the conventional norms of searching winning hashes.
Ditching Randomness for Smart Search
Instead of the traditional random searches, QBT’s AI technology focuses on a more systematic and efficient approach. Over the past two years, the firm has gathered a team of specialists spanning quantum computing to algorithm optimization theory, patenting multiple novel methods.
The New Methods
Out of their innovations, “Method A” boosts miner efficiency by a notable 10%. In contrast, “Method B” promises a staggering 260% increase in the chances of finding a winning hash.
QBT’s blueprint involves enhancing the present-day ASIC chips with a software AI component. Alongside, they’re re-imagining ASIC mining chips’ architecture, aiming for a holistic improvement in Bitcoin mining. Their ultimate aspiration? Tapping into the vast potential of quantum computers for mining, which they’ve detailed in their latest patent application.
Paving the Future: The MSFCA Revolution
An exciting revelation is the QBT Message Scheduling for Cryptographic Hashing ASIC (MSFCA). Gardin highlights its capability to perform pre-calculations of forthcoming BTC blocks. With its “anticipatory resource efficiency algorithm,” the need for certain logic gates becomes redundant, resulting in an estimated saving of up to 8% of the logic gates in SHA-256 ASIC chips.
A Paradigm Shift in Mining
Underlining the current brute force methodology in BTC mining, Gardin emphasizes the unprecedented edge QBT’s technology offers. In an industry where differences in hardware are marginal, these innovations might be the game changers.
However, while the tech spells a competitive advantage, QBT isn’t considering an open-source route. Instead, they are exploring various avenues to introduce their solutions to the expansive Bitcoin mining arena.
This technology could spell a new dawn in the realm of Bitcoin mining, setting the stage for greater efficiency and higher profitability. Only time will unveil its full potential.