The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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I notice that Mr John Story also has a postion and holding in CBX according to reports.
DYOR
Bigbadbob Bitcoin would be nice but LTH here are awaiting the court results, what's happened in between that has been a bonus which we have taken.
Yep, £1.6m. Not all for bitcoin mining equipment. But even if it all went into bitcoin mining it would still be a puny operation. The whales are adding multiples of that capacity. If you mine gold, other people adding capacity doesn't make your mine harder to work. With BTC, other people adding capacity makes your mine harder to work. It's a never ending arms race and CLP isn't even at the starting blocks yet.
BTC mining is hard to scale, all of the miners are massively overvalued at the moment which is why I'm extremely bearish on the sector and moreso with alleged miners who don't even have a mine.
ARB mined 93 last month and 96 the month before. They have just expanded the mining capacity and have plans to every month till June and then they plan to start on a new even bigger facility in the new hot place in the USA for tech Texas. I have calculated they will be on 200 BTC per month by July.
The portacabin in Serbia isn't even a minor crypto operation. It was switched off in early 2019, and the company's own RNS release in September 2018 revealed it had mined a grand total of 0.2 bitcoins since commissioning. It was a Tomy "My first bitcoin mine" 4 years ago and is even more laughably puny now.
I think davethedumpling may be overlooking the so-called crypto operations in Serbia (even though quite a minor mining operation).
If that was case,
A) Francesco would not have raised the cash now
B) John Story would not have come on board and invested £1m. Into CLP.
C) Morgan Stanley would have held back
D) Master cards and a “myriad” of other “major” Corporates too many to mention here owuld have waited, or not invested into digital ccy prospects in 2021.
When CLP hits 10p happy to have this conversation again?
Fig.
Sorry Pictland.. iPhones
You have to be in it to win it. I’m in it with John Story’s £1m quid.
Portland,
You must be a multi millionaire having the the ability to look into the future...
What are you doing on here!! Surely you would be relaxing by your poolside with a beautiful woman next to you with far more delightful thoughts going through your mind than post on here chap.. lol
60 BTC a month! They were initially talking about 25 a year (Francesco's words). ARB (miles ahead of CLP) mine about 80 a month and they are ridiculously over valued (anyone can see that).
I think Francesco is more interested in the potential of Blockchain technology than BTC.
Enoyou55 - I always listen to a range of views when weighing up a potential investment. No point living in an echo chamber, but if that's hoe you'd rather live feel free to simply not read views that dissent from your own. It's your money at stake and no skin off my nose.
Weathergeek, by the time CLP get any mining operation up and running (if indeed they do), 500 petahash will be insufficient to achieve 60BTC per month. All of the big miners are adding more capacity all of the time - ARB essentially doubling capacity for example. That will cause the block difficulty to increase and reduce returns per petahash installed capacity.
This is one of the fundamental issues with the BTC mining industry. If you have a gold mine, someone else opening a gold mine somewhere else, or expanding their mining capacity doesn't make your gold mine more difficult to work. With BTC, someone adding capacity to their mine results in your mine becoming more difficult to work. So you add capacity, which makes your competitors mines more difficult to work, so they add capacity, which... and on and on in a never ending arms race that nobody can win - certainly not a badly run company that's done nothing but fund the boards lifestyles for the past few years.
Bbb79. Your words from 22nd Feb ...I've already said I do not have a position in CLP, and nor do I intend to take one.... now why would I even listen to someone who has no interest in taking a position. Shut the door on the way out and give your mate Pic a shout while your are at it.
ARB is a great company that's investing for the future in blockchain. The will Nasdaq list and be over £5. CLP is savagely undervalued for the direction the business is looking but way behind ARB. Interest in mining and crypto is clear, potential settlements in the tens of millions. A £10m investment would easily get mining up and running for 500 peta hash.
Say 60 BTC per month.
Mining costs about $7-8k per coin.
60 BTC @ $50k = $3m
Minus 60 x $8k for costs = $2.52m per month potential profit.
No other investments counted and that would be $30.24m profit PA.
I am just stating the obvious. Nothing I say will affect the share price. Only really sizeable trades will do that.
Well mr storey and the new fund see value,!
I’d read some of RKB posts very informative on what’s going on rather than clogging with your rubbish company quotes and posts
Been here a few years so happy to enter dialogue with you
Absolutely agree Pictland. You'll get a load of abuse from the rampers like I did the other day. Amazing that people will chase a rise in a no-hoper rubbish company like this, and justify it to themselves by comparing it with a well-run business that is actually operating in the sector and is itself ridiculously overvalued by the market
1 Post deramp MM.
Bye bye
Deramper of the day award goes to Pictland.
Congratulations, your prize...
My green bin ;)
Utter drivel imo pict. You sir are working for whoever has the hoover running here. Gday! GLA.
CLP are heading in the right direction and do look like a good longer term investment. However, they are no ARB. Not even remotely close. So if anyone is lumping in hoping for an ARB style transformation, think again.
Also, although ARB are a very switched on company and excellent at what they do, they are absolutely ridiculously over valued on share price (like far too many shares just now). They own some cryptocurrency which is currently valued in the low ten of millions, but have a market cap of nearly 1 billion. The market is heading for a crash and the bubble will burst big time for many and these are the type of shares which will crash back to realistic valuations. The most well known being Tesla. They should be trading at about the $50 level at best, but lots of rainbow chasers believe all the hype. You would think Tesla had the sole rights to make electric cars judging by their share price.
All I am saying is be careful out there. CLP have potential, but it is longer term and still a risk. Don't believe a lot of the tripe on some of these forums.