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(Sharecast News) - Quantum Blockchain Technologies said on Monday that it had reached an important milestone in the development of its Method C AI Oracle software, after confirming that an ASIC manufacturer's mining development kit was now fully operational and connected to its server infrastructure.
The AIM-traded investment company focused on blockchain-related research and development said the mining rig was now generating data of sufficient quality to train the AI learning models that underpin the Method C AI Oracle.
QBT said the work followed its update on 6 May, when it had established a fully operational testing environment including modifications to the mining rig operating system and micro-controller code, as well as integration of the AI Oracle within the server-side operating system onto the manufacturer's mining development kit.
Since then, its research team at the University of Milan has worked with engineers from the ASIC manufacturer, supported by QBT's US-based consultants, to produce operational data comparable to that generated over the past year using the Bitaxe Gamma platform, based on the BM1370 ASIC.
The company said the process required detailed cooperation on the specific characteristics of the manufacturer's ASIC architecture for SHA-256 computation.
Further refinements to the mining rig operating system and micro-controller code had enabled the generation of structured mining data streams suitable for training the company's learning models.
QBT said it now expected the first AI Oracle generated from the new dataset to be available as early as the end of June, based on current assumptions from its Milan research and development team.
After generation, the AI Oracle would be deployed on the manufacturer's mining development kit platform for live testing under operating conditions connected to a live mining pool.
Chief executive officer and executive chairman Francesco Gardin said that although it had taken longer than expected to master the specific nature of the new ASIC, the manufacturer's support had enabled QBT to generate the quality data required to train its AI learning system.
"The close cooperation between the ASIC manufacturer's engineering team, QBT's researchers at the University of Milan and our consultants in Europe and US, has been instrumental in achieving this important milestone," he said.
"We are now finally in a position to train the learning models, generate the AI Oracle and perform live testing of the AI Oracle on the ASIC manufacturer's MDK connect to a mining pool."
QBT said it would provide further updates as development and testing progressed.
At 1150 BST, shares in Quantum Blockchain Technologies were up 4.11% at 0.38p.
Reporting by Josh White for Sharecast.com.
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