Quantum Blockchain Technologies PLC (AIM:QBT) CEO Francesco Gardin joined Steve Darling from Proactive to announce several key advancements in the company's AI-based Bitcoin mining tool, Method C. Developed by the company's R&D team, Method C incorporates a predictive Machine Learning model and an AI Oracle. The Oracle, in real time, evaluates the likelihood of an input to the SHA-256 algorithm generating a winning Bitcoin hash.
Gardin revealed that Method C's AI Oracle has been successfully integrated into Bitcoin mining hardware, boosting performance from 30% to 50%, especially at lower mining difficulty levels. Lab tests at current mining difficulty have confirmed the Oracle’s effectiveness, challenging industry assumptions and marking a significant step towards commercialization.
The company is planning to file a patent for Method C by the end of the year. Quantum Blockchain Technologies is now focusing on two critical elements to move Method C toward a commercial version. These include maintaining the Oracle’s success as mining difficulty increases, and developing a software-only version of the AI Oracle for use by mining pools.