15 January 2025
Quantum
Blockchain Technologies plc
("QBT" or
"the Company”)
Bitcoin
Mining - Method C AI Oracle
Method
C’s AI Oracle hardware implementation patent application filing
with the UK patent office
Following
its announcement of 24 October 2024
regarding Method C AI Oracle, QBT, the AIM-listed investment
company focused on an R&D and investment programme within
blockchain technology, is pleased to confirm the filing of a new
patent application covering Method C’s disruptive AI Oracle (“AI
Oracle”): “IMPLEMENTATION
OF BINARY DECISION TREES”.
The patent
application describes the details of an extremely efficient
hardware implementation of the AI Oracle on an ASIC
chip.
A field-programmable gate array (“FPGA”) version of the AI Oracle
implementation has been developed by the Company and the
corresponding PPA (power performance area) results offer an insight
as regards the relevant overheads of the solution when implemented
on custom silicon used for Bitcoin mining.
The
Company has determined that the overall area required by the AI
Oracle implementation is between ~1% - 4% of a double SHA-256 lane,
the basic computational block of almost all ASIC chips for bitcoin
mining, depending on the logic gate manufacturing technology used.
The same percentage applies also to energy consumption,
i.e.,
the energy
costs to run the AI Oracle represents an additional ~1% - 4% of the
energy consumed by the miner performed by an ASIC without the AI
Oracle.
The above
figures represent an almost irrelevant overhead when compared to
the double SHA-256 percentage of avoided computations, determined
by the AI Oracle.
As QBT
owns the Intellectual Property (“IP”) for the AI Oracle
implementation, i.e.,
the logic gates architecture for the ASIC design, the Company will
now look to implement a relevant commercial strategy, using its new
IP, to monetise this proprietary asset.
Francesco Gardin, CEO and Executive Chairman of QBT,
commented, “The key
requirements included in the specification of the on-chip
implementation of the AI Oracle, are the limited area to be used,
the low energy consumption and the processing speed. We have
determined that the AI Oracle will not affect the performance of
any given SHA-256 architecture of an ASIC chip. All three
requirements have been met by our FPGA/ASIC design team. This has
been an outstanding result for the team and QBT. Moreover, the AI
Oracle implementation overhead between approximately 1% and 4% of a
double SHA-256 lane, is an extremely impressive result.
“While the
patent application is meant to protect these innovative
applications of the AI Oracle implementation, the core technology
for the generation of the Oracle, i.e.,
parameters to build the AI Oracle generated by the Machine Learning
Model C have been kept separate as these represent an asset for the
Company which it intends to protect as an industrial
secret.”
-ends-
For
further information please contact:
Quantum
Blockchain Technologies Plc
Francesco Gardin, CEO and Executive
Chairman +39
335 296573
SP
Angel Corporate Finance (Nominated
Adviser & Broker)
Jeff Keating +44
(0)20 3470 0470
Leander
(Financial
PR)
Christian Taylor-Wilkinson +44
(0) 7795 168 157
About
Quantum Blockchain Technologies Plc
QBT (AIM:
QBT) is an AIM listed investment company with a strategic focus on
technology related investments, including a special regard towards
Quantum Computing, Blockchain, Cryptocurrencies and AI sectors. The
Company has a disruptive R&D and investment programme in the
dynamic world of Blockchain Technology, which includes Bitcoin
mining and other advanced blockchain applications.