The AI-powered Bitcoin mining method increases the chance of rewards by 260%

Having made a notable breakthrough in bitcoin mining, the British company Quantum Blockchain Technologies (QBT) has developed a promising computational method called message scheduling for cryptographic hashing (MSFCA), designed to make bitcoin mining much more efficient.

QBT CEO Francesco Gardin defined the MSFCA in his July patent application as a “radical change” that disrupts the “fundamental paradigm of the BTC blockchain.”

“The new concept behind this idea, under special conditions, destroys the fundamental paradigm of the BTC blockchain; Calculations for future blocks may occur before the previous block is mined. It's a pretty radical paradigm shift."

As reported in a recent interview with CoinTelegraph, Gardin claimed that the firm's AI-powered innovative technology potentially offers a 260% increase in the likelihood of mining rewards.

Bitcoin mining, the process of solving complex mathematical problems to add a new block of transactions to the bitcoin blockchain, faces the limitation that each new block cannot be attempted until the current one has been completed.

The new MSFCA method, for which QBT applied for a patent in the UK in July this year, overcomes this consistent barrier. This allows miners to pre-calculate for the next block before the current one is fully processed, reducing the need for computing resources and energy costs.

Due to its unique asynchronous approach, MSFCA does not speed up the SHA-256 calculations associated with bitcoin mining. Instead, it facilitates pre-processing or advanced calculations by allowing more SHA-256 calculations to be performed on a single chip, thereby speeding up the overall mining process. The implementation of MSFCA requires ASIC computer chips used in standard bitcoin mining machines. However, QBT believes that "a possible modification to QBT's current proprietary implementation of SHA-256" is achievable.

The company estimates that the use of MSFCA can reduce the footprint of the ASIC chip used by about 8%, thereby reducing the space required for the logic gates that perform the calculations. The patent application says:

“In terms of ASIC SHA-256 chip areas, the projected potential savings are around 25% for one SHA256 instance out of three bitcoin mining instances.

However, thanks to other well-known optimization techniques, the effective potential area savings of the MSFCA is estimated by the company's ASIC designer to be around 8% on average."

QBT CEO Francesco Gardin stressed in an interview with CoinTelegraph that this disruptive method could revolutionize bitcoin mining by allowing future blocks to be settled before the previous ones are mined.

Earlier this year, the company hired Dr. Lov Kumar Grover, known for creating the ground-breaking "Grover algorithm" at AT&T Bell Labs; Dr. Grover is expected to bring invaluable insights to the quantum version of the SHA-256 QBT algorithm.

Grover's algorithm is a quantum computing algorithm that can find a specific element in an unsorted database with approximately the square root of the total number of operations on the elements, providing a significant speedup compared to classical search algorithms.

This algorithm is central to bitcoin mining, and thanks to Dr. Grover's deep understanding of quantum theory and optimization, the company is increasingly optimistic about improving its algorithm.

Despite existing technological limitations such as memory chip bandwidth, the new QBT method, if successful, promises to be a game-changer for bitcoin mining.

Gardin also told CoinTelegraph that he is also exploring options, including subscriptions, licensing, joint ventures, or an outright purchase of the company and its technology, to bring its solutions to the bitcoin mining market.