Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just wondered if we may see them take on some debt to increase machines . For example using £5m cash, if we have it and £5m debt to purchase around 6400 S19's would increase our PH rate to 1338 ph. Using up around 48MW. Allowing for £30 per machine hosting, a BTC price of $8500 post halving and a 20% fall in difficulty would result in £16m profit a year by my calcs.
Increasing by £4m for every $1000 increase in BTC prices.
6640.45
A steady rise in BTC price up to and post halving would be good for us. $9-10k and a inefficient miners are gone. Difficulty reduces, by around 40% and we could still be producing 300 coins a month after new machines installed. Up to $3m revenue and 50% margin would be sweet. Save a few coins for when BTC goes ballistic in Q4 2020 even better.
Just my opinion, but looking forward to see how this plays out over the next 9 months.
So HIVE have purchased a company in Quebec for £2.3m, getting some old kit and access to power at $0.04 per Kwh. No doubt couldn't afford to buy ARB.
https://www.hiveblockchain.com/news/hive-blockchain-doubles-global-mining-capacity-with-acquisition-of-30-mw-bitcoin-operation-in-canada/
Mining difficulty now 13.91 T and expected to be 11.74 T in the next 14 days. Would expect hashrate to rise a bit as difficulty has gone down.
https://btc.com/stats/diff
Interesting idiot thanks for the overview.
BTC drop was a bit of a shocker. Worth having a look at the last youtube video by datadash and the possible reasons for it. To me makes perfect sense.
BTC around $8000-10,000 at time of halving for a few months would be beneficial to ARB in my view. This drop may mean some miners may struggle to upgrade too.
Playing around with some calculators and looking at historic difficulty factors. If after halving, BTC still at $6000 and difficulty factor reduced by 40%, we would still be producing 310 coins per month and still be quite profitable. Based on all machines in stalled and capacity of 730 PH.