(Quantum Blockchain Technologies PLC (AIM:QBT) CEO, Francesco Gardin, announced an impressive proprietary Bitcoin algorithm developed by their research and development teams.
The algorithm utilizes machine learning to guide miners in the search for promising areas in the vast mining space. By optimizing existing miners rather than building new hardware, their algorithm increases the chances of finding the winning hash by 2.6 times compared to those without it.
While energy savings of over 4% are a positive outcome, the primary focus is on improving the chances of winning.
The news has garnered attention from experts in the sector, demonstrating the significance of this breakthrough.
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