Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
With BTC price where it is I often wonder if entering now is being late to the party. This Morgan Stanley report suggests it is not.
https://www.theblockcrypto.com/linked/98606/morgan-stanley-crypto-asset-class-threshold?utm_source=coinbase&utm_medium=rss
I think this might have been covered, but would my laymans thoughts be correct (not going into the detail of factoring in the difficulty changes, efficiency, cheaper power etc etc, just trying to consider in simple terms)?
Current power = 45MW producing 1075PH giving around 5 ish Bitcoins per day.
Texas plan = 200MW could produce 4730PH giving around 20+ ish Bitcoins per day.
Been using Coinbase and Binance since 2017. Coinbase is very user friendly and you can also open a Coinbase Pro account which is cheaper than the normal coinbase. It's really easy to transfer funds between Coinbase and Coinbase Pro.
Anybody looking at a direct crypto investment might want to look at Ethereum ETH.
https://investorplace.com/2021/03/ethereum-prices-set-to-go-ballistic-on-nft-mania/
ARB By the end of Q2 2021, Argo's total installed mining power will total 1,685 petahash or 1,68 exahash. (RNS 29/01/21)
RIOT during the first four months of 2021 and are expected to raise Riot's total operational hash rate capacity to 1.45 EH/s (1,446 PH/s). (RIOT website)
On Twtter just now:
Michael Saylor
@michael_saylor
MicroStrategy has purchased an additional ~262 bitcoins for ~$15.0 million in cash at an average price of ~$57,146 per #bitcoin. As of 3/12/2021, we #hodl ~91,326 bitcoins acquired for ~$2.211 billion at an average price of ~$24,214 per bitcoin. $MSTR
Is it just me? Yes the SP is worse than it has been, but the recent fund raising is to invest in growth that will add to the current operation. As I understand it, the Texas operation will be additional, not a move to. Therefore the Texas mega centre will all be additional to where we are now. As exciting as it can be when the SP jumps in a few days, we are investing in the future here are nt we? I m currently underwater by the way, a few weeks ago I was nt.
I'd be interested to ask what is the end game plan for the HODLed BTC? Ok, so I get the current plan, accumulate and hold, but at what point will Argo do something with it, that is if they will. Michael Saylor talks about not thinking in terms of BTC/USD, his thoughts are more BTC/BTC. Until things change there will always be a need to convert BTC to fiat for everyday expenses.
Beaten to what post exactly? We were never going to be the first miner on the NASDAQ.....I don't get your point?
As far as I know, there are 2 x miners on NASDAQ, RIOT and MARA. In my opinion, NASDAQ is the key area for growth in SP and it would just be good to see it come for ARB. The sooner we are on, the sooner we can take a market share. I found this news on Twitter, being retweeted by Michael Saylor. There are comments, saying, now there are 3 miners to invest in! Potentially going to show the OTC market is overlooked in the US?
Have we been beat to the post?? Feels like it.
HOUSTON & NEW YORK--(BUSINESS WIRE)--Cipher Mining Technologies Inc. (“Cipher Mining”), a newly formed U.S.-based Bitcoin mining operation, and Good Works Acquisition Corp. (Nasdaq: GWAC) (“Good Works”), a U.S. publicly-traded special purpose acquisition company, today announced they have entered a definitive agreement for a business combination. Upon closing of the transaction, the combined company will be named Cipher Mining Inc. (“Cipher” or the “Company”) and is expected to be listed on the Nasdaq under the new ticker symbol “CIFR”.
https://www.businesswire.com/news/home/20210305005234/en/Cipher-Mining-Inc.-a-Newly-Formed-US-based-Bitcoin-Mining-Company-to-Become-a-Publicly-Traded-Company-via-a-Merger-with-Good-Works-Acquisition-Corp.
I think I ve found something - thoughts please:
This is from an Argo research publication stating they believe BTC price affects share price, if this is an analysts view it could help explain the fluctuations :
As ever, the main risk to our forecasts being met remains changes in the Bitcoin price, with every $1
change falling straight through to profits. Despite Bitcoin being at a three year high it remains a
highly volatile asset which continues to see large changes in value, sometimes on a daily basis.
Nevertheless, we have already incorporated a lower price into our financial model and of course
upside potential exists should Bitcoin carry on its current upward trend.
Perhaps its human nature to look for patterns, I guess as humans that are playing the stock market we look for patterns to try to stay ahead of the game. Maybe BTC and BTC miners don't fall into a pattern yet as they are in their infancy? Ps. if you have spotted the actual pattern do us a favour and share the wealth.
Seems strange to me - lets say company B sold paperweights and they had a flash sale in January, would their share price drop because of the sale? I m guessing not. BTC is having a sale, although it holding strong really so should nt be a concern.
I think as BTC is more accepted this kind of thing could settle down? Be interesting to see what happens when/if BTC get to $100k.
Not been in here that long but I have learnt this: if you are buying, spread the buys out, this share goes up and down quite a bit. You could bag a bargain on days like today. If you re thinking am I buying personally, no because I made a large (for me) purchase the other week. If I had known what I know now, I would have spread it out.
From memory the above noted that mining machines needed replacing, the most recent machines are on lease, so I assume they will be returned when the lease expires. RNS:
As announced on 26 February, the Company has installed an additional 4,500 Bitmain Antminer S19 and S19 pro miners that it agreed to lease from Celsius Network in November 2020 and which are now fully operational. This installment takes the Company's total mining capacity to 1075 Petahash (SHA-256) in addition to 280 Megasols of equihash mining capacity.
I know what everybody thinks of MF - just posting this for anybody doing research.
I ve checked and my first BTC purchase in 2017 the price per coin £11,953.14. If you would have said to me at the time, it will go over $50k, I would have thought - no chance. There were predictions around at the time saying this.
With todays price I ask myself could it go to $100k, I think it is realistic if history repeats itself but $1m could be far fetched - although who knows where it will be in 10 years time.