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And That Couple of years is assuming it’s the newest stuff out :)
Icon is simple, buy dips, sell spikes, and maybe hold some of the profit because you never know what’s going to happen.
I’m now currently out till next dip (if history repeats), if it doesn’t I’m
Happy with my current return and will be watching from sidelines, unless something really good comes out and draws me back in.
GL
Thanks itisagame, appreciate the insight. Agreed let’s see what tomorrow and beyond brings.
normally After a couple of years it becomes too inefficient to use because of the way the system works it increases the difficulty and lowers reward to processing power, as newer faster kit comes to market, or more amd more miners come online. That’s why old stuff is basically worthless.
As far as physical brake Downs go you can put in a lot of preventative measures, surge protection, test before install, buy quality, but alot is just luck, anything electrical that’s on 24/7 can have always unexpected issues, chips burn out, power supplies die, lots of heat brakes down everything eventually.
Then You have cooling costs.. but let’s get back to icon :)
Not knowing anything about currency mining how long is the lifespan of the equipment?
Energy storage will always degrade - li cells etc, however would expect this to be included into revenue figures by the large trading desks who would perhaps expect large arbitrage prices .. apologies gone a bit off piste but some interesting chat.
that would cost tens of millions £ to get a set up going with that sort of vanadium kit, solar, grid connection, new mining kit etc, and it all still degrades over time, just slower, and the miners still have a short usable life span and parts that frequently need replacing. Why would you put that in to icon and not a new listing or one with much higher usable carried tax losses?
If they were prepared to raise and spend that sort of cash to recoup the ~£500k that they are down then they would be better off buying shares up off the open market and trading there way out.
What does this mean?
The 3 cowards run like the like squealers they are because they were getting involved in a dangerous world they didn’t quite understand.
So research there company and product which puts your argument straight to bed. Also how are Argo affording it then with a dingy little bedroom office outfit? That price is over inflated and overvalued relying on shareholder funds and hype, but Ott actually have billions of capital to invest so you do the maths. You think they purchased nearly a million quid of this stock to sit and let 3 complete morons buy some rubbish bankrupt gay website? They’ve taken them out strategically and legally to overtake the shell and listing avoiding huge costs. Sefton wants to watch his back now big players involved not mention the personal grievance every invested has to this company. It’s in his best interests to pay up believe me.
Invinity energy systems (ies) currently 135p a share have created a new kind of battery/energy system storage that doesn’t degrade or fail like inferior lithium systems. Check it out could be ITM mk 2 come the spring/summer
“ Now if you could afford a co-located wind farm and battery asset on site you would have a nice asset..”
When you add in battery degradation it’s a Waste of time, and the amount of solar panels required would take up to much space, you get more money from just sending the electric straight to the grid.
Been there tried that ;)
Now if you could afford a co-located wind farm and battery asset on site you would have a nice asset..
I could set a small scale mining farm up for ~£500k, would be useless at UK electricity prices though.
True.. I think ( from my perspective) the blockchain link is coming from David stybrs involvement in some blockchain company.. not for one second saying this is the proposed option for the organisation. At the same time we can only guess the cash position so whilst more weighted (as most small companies are) on requiring cash again we are just speculating.
Exact cash or debt position is not known.
That alone makes a mockery of the Blockchain guff being spouted on the board.
What is the cash situation out of interest?
Without news, this looks to be rising on hype alone and can just as easily come crashing back down. I see leaky leaky everywhere but take them with a pinch of salt until we see an actual RNS.
What research, please reveal your info ! For all of us :)
watch out for that RNS and probably a post from wolves 2211 telling me im fos haha but we will see DYOR