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Yeh at these numbers, next month is going to be a disaster for many in the mining space. I saw yday that SDIG are exploring ways to sell its business in part or whole. The rot is in.
Not many of these miners can burn cash for much longer but as i saw in the RNS those vested shares have gotta vest so theyve gotta try and run it for as long as possible. The only real viable rabbit in the hat for argo is 150k BTC and as far as i can see that looks very unrealistic atm.
At these prices and conditions Argo will be lucky to run till August.
Unsurprisingly high as shown by the Core Scientific daily numbers which spiked pre halving and stayed elevated til the last few days of April.
May's Coins minted will drop by ~45% as things stand (difficulty likely adjusted down next week) but revenue possibly more as bitcoin price has retraced - $3.4m revs as things stand, 55 coins mined.
To be fair, world cruise for a single person or couple ain’t that expensive (baring in mind if you were not on a cruise you still have to pay for food, bills etc), if you shop around. Plus bowlers is in his early 70’s so it’s not likely he has a young family so spending money on himself shouldn’t be that much of a big deal.
I hope you have a good time Bowlers. Best of luck mate. Keep an eye on the crypto miners, they will head north seriously at some point in my opinion.
“ i did very well off cleanspark and corzq won't be investing in crypto shares again
off on my world cruise for 6 months tomorrow with proceeds”
hmmm , sorry billy big ****** but i wonder why i don’t believe a word you post . looking at your history i need say no more.
Some BS here, this time those nutty senators talking about threat of Iranian mining.
https://www.coindesk.com/policy/2024/05/02/us-senates-warren-warns-national-security-chiefs-about-iranian-crypto-mining/
Absolutely no chance the Iranians are coming close to competing with the big US players. This is a made up problem, but let's pretend for a sec there was an Iranian Clsk nobody knew about.
If that's then classed as threat to US national security, using same logic wouldn't US miners be a way to counteract the threat? The more the US mines, the less Iran mines etc. Yet they want to clamp down on domestic mining too.
There was a point when anything was possible but we're well past that now.
Wasn't this meant to be £10 by now? I remember "investing" in this in 2021 and that was the ramp.
Don't go Bowler's. Please dont go.
This place won't be the same without you.
Billy bs
I did very well off cleanspark and corzq won't be investing in crypto shares again
Off on my world cruise for 6 months tomorrow with proceeds
Main thing coming up is results that will look impressive due to FASB but may also be a non event like riot. Not a great day to release results today.
Tbh clsk I only started my research again on Mara this morning and my immediate verdict was value now very much depend on BTC price due to halving and significant BTC in treasury, so not in a rush to buy with BTC having a wobble.
I know I might miss out altogether by being cautious but that’s life.
I'm relieved at mara .....averaging 21.ish
Mara SP pretty robust today... could be the loading zone...
Depends what JP says later HC.
Mara holding up pretty well today, considering. Was expecting carnage to be honest. Maybe this is organic price action we've been missing until now while they were running the ATM.
I’m holding out for sub $15, think there’s another dip down in this.
My top of mara the other day was badly timed as usual at 18....grrrrr
Bought some Mara - watch it tank now.
March was the death knell for Argo when the SP couldn't even muster a move past 20p with BTC smashing through $70k and with it a new ATH at $73k. Without the feeling that Argo can go crazy there's no temptation to ignore logic and buy.
This is lucky to still be above 10p
To buy or to wait, this is the question. Wait for the Fed news. Maybe just buy some...
Most definitely. Will see where Bitcoin settles over the next day or two but IMO a good time to buy.
Still expect ‘true’ gains in Q4 this year so loading up between now and then on the dips.
Nah there's money to be made in North American miners but perhaps a cooling off period is needed first - the halving has come and gone and BTC is sub $60k which arguably makes a few of them overvalued.
I'm certainly going to take a good hard look at Mara for example when it settles in the coming weeks.
Time to pull out money and invest in bonds, uranium stock and AI companies