Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It is down to the luck/statistical variance to a good degree - you want to look at the 7 day/30 day average to see how they are really doing. They should be mining 36BTC a day on average with their hash just now. Last 4 days average is great, but you need to see if it stays this way. Your underclocking/overclocking theory is wishful thinking in my view. Open to being proven wrong but let's see where they are mid month if they've kept this up or not.
CLSK and RIOT use Foundry, which is a much bigger pool, and therefore get more consistent/boring results - and they get a share of these results so there will be little variance day to day compared with Mara.
7 day average hashrate is a more reliable measure, which is sitting around 350EH and seems to be steady here for the moment. Based on this 13EH should mine 1000 BTC a month.
https://www.blockchain.com/explorer/charts/hash-rate
https://btc.com/stats/diff
RR, I thought the same, that they were looking for a new CEO. However I don't think anything was mentioned on the call regarding this. However they did get a new CFO recently so hopefully the search is still on. But it would be good to know if it is going to default to Seif or if search is still ongoing. On the call he didn't give the impression of being in charge, very much felt like an interim role is my 2c.
Chaebol, they tout the most efficient fleet. Energy prices are low now so they should be maxed out mining bitcoin. Based on their performance to date I'm not convinced there's any clever strategy going on, they just aren't so great at mining. They are industry leaders of share volume and capital raising though and that's more than enough to see them through.
Yes their quarterlies will give a clearer picture as the annual report had loads of bad stuff chucked in to get it out the way. We will then have a better idea input costs.
New CLSK hash coming online just now, today's was 19.2, whereas the average in the days before that was low 17's. Think we get an update from them today.
Wind or solar? They are behind the meter is that right? Does this mean their production will be on/off going forward and therefore can never expect it to be 95%+ uptime or decent BTC per EH?
More interested in active hash than installed hash. Over a year after receiving machines is not tremendous execution - they are all out of warranty and haven't even been run yet.
CLSK has a track record of getting hash online in good time. If they executed Mara style I would be looking elsewhere.
Current trade is on CLSK as I feel it is wanting to re-rate slightly faster than Mara will in the next swing upwards - I'm looking for $6 or above. Once I think they're closer to fair value I'll look for the next opportunity (which might be Mara if the gap between them and RIOT widens).
14 EH at 350 network should give 36 BTC a day. Let's see how they get on over the next 10 days to give a true picture. 3 days in and they are above target.
However they've just changed their guidance of 23 "by the middle" - to 23 "near the middle". Also - why are they curtailing in April? Is the bad luck factor Marapool?
Lol 63 a day on average for them seems very unlikely. I've got 2:1 leverage on clsk for a trade just now but think btc might retrace a bit more so think I've made a mistake.
Not touching hut until the merger is complete. 6 shares of old hut for one of new hut I think. Hodl good but management questionable.
Yes they'll be very rich and so should anyone that sells near the peak. Quarterlies on may 7.
They don't it's just randomness, either something is wrong with the mining or something wrong with the pool itself. Wouldn't surprise me if the latter because DMG created Terrapool which wasn't quite right either. Clsk small uptick the last few days. Which is going to multi bag the most from this point? Guess if you're leverage trading it doesn't really matter and mara share price is more consistent with BTC moves. However clsk better for investment in my view.
There's also a difference in shares on issue - last time around there were a lot less shares and they have diluted a lot since then, and just awarded some new bonuses.
Hexam I'd suggest forgetting about averaging down, and instead treat any new money as a brand new investment. Don't send good money after bad just to try and break even. All investors win some and lose some. That all said, if your new money sees an investment opportunity in Argo that suits your risk/reward profile then you should go for it. FX costs are more of a thing if you're short term trading for small movements, in which case it makes it unviable.
5 cents is good for hosted - Chaebol reckons that is what Mara are paying and I don't think you'll get less than that for hosting. I've seen some at 7+ cents with a profit share attached to them - so I would say this is good.
However Galaxy doesn't have a PPA, they purchase blocks of power, and Q1 has been low power prices, so it will vary depending on power prices. However on this little bit of info it seems a decent agreement. 23619 machines meant to be hosted.
TR, it's worth £2,374,000 according to the report (at year end). They can't sell on the open market so would need to approach or be approached. ("Emergent Entertainment is a private company and there is no quoted market price available for its shares.")