Quantum

Bitcoin

Quantum Blockchain Technologies PLC has reported progress in developing AI-based methods to optimize <a href="https://ultramining.com/ratings/bitcoin/">SHA-256</a> computations. The company aims to revolutionize Bitcoin mining by introducing new algorithms and technologies, potentially increasing mining efficiency by up to 25. 
As part of its intensive R&amp;D program, the company is also considering creating its own ASIC chip for Bitcoin mining and utilizing quantum computing. Despite interim financial losses of $5 million, Quantum Blockchain Technologies continues to invest in innovation. 
The company is in discussions with major industry players for potential partnerships and product deployment. Their goal is to provide miners with more efficient tools and reduce the <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/">energy costs</a> associated with the mining process.

Quantum Blockchain Technologies Innovates Bitcoin Mining with AI

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