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Https://news.bitcoin.com/tsmc-advances-towards-2-nanometer-chips-in-taiwan-a-breakthrough-that-could-revolutionize-bitcoin-mining/

Here you go pas , couple of analysts I watch on YouTube.

Personally I prefer Sebastian as I feel he’s more factual.

https://youtube.com/@SebastianOn

https://youtube.com/@TalkinInvesting

Tom I feel is far more clickbait and full of sensationalism

Just my opinion but the bottom line is the more opinions you get the better inform call you can make.

Https://twitter.com/cazenove_uk?s=21

Link yo Anthony power the analyst I think Pas is referring to

He’s pretty good and certainly spends a lot of time gathering figures , having listened to him on several podcasts and Twitter spaces I’m not sure he full understand s the diversity of the mining space as he often makes sweeping statements lumping all miner together which personally I feel is way to simplistic.

Blonity has a far better understanding of both crypto mining and equally the energy market , sadly blonity no longer posts publicly due to the abuse he received from moronic trolls - idiots that jumped onto miners that had already 100x and seemed to blame him for their loses . I’m back in regular contact with him on social media Which is a brilliant contact to sound ideas off , I often refer to him as the German, I introduced him to the ARB board in 2019 when he only had 6 subscribers on the platform he was using at the time .

You have to credit the bears for holding $30k when we broke it last night I thought they’d lost control but they’re fighting very hard especially given the big rumours circulating in the last 12hours or so .

Larry fink is the power in the US , if he wants an ETF he’s getting one , the only question is at which round Gensler caves . The SEC run out of road to kick the can down well before the next US election . December approval is looking most likely .

*FED ANNOUNCES NEW OVERSIGHT PROGRAM FOR CRYPTO ACTIVITIES

ETFs looks a done deal ! Will the SEC make us wait until Christmas is now the big question

This week could potentially be a big one for bitcoin , Sunday is the first deadline for ARK’s ETF , the SEC can choose to dismiss it , approve it or in my opinion most likely put the decision on hold for a further period ( either 45 or 90 days I think ) given how all the ETFs have been structured it’s reasonable to assume if one gets approved they all will .

The SEC are fighting multiple cases against crypto some of those cases look very weak others have there merits but what’s becoming clear is American politicians are becoming increasingly frustrated by the Gary Genslers stance , in recent weeks lawmakers have passed two crypto related bills .

There’s little doubt crypto is full of fraud and projects with little or no merit , I’ve always said 99% of the 30k+ coins/ tokens are scams but it’s also glaringly obvious the genuine projects are been punished along with the bad , this is even been recognised by those running in the presidential election, many leading candidates on both sides ( dems / republicans) are pro crypto. Although the current situation is frustrating feel confident things are edging towards sensible regulation. The EU , Canada , uk ,

China ( Hong Kong is their test bed ) and gulf states are all regulating or already done so . It’s just a mater of time before Gensler cracks or is forced out .

Will we get a US ETF approval on Sunday , many stars are aligning , kPMG report , Fink all over MSM talking up crypto, the MSM themselves changing the narrative, obviously I hope I’m wrong but my instinct tells me the SEC will hold out a little longer . The rejection may well send BTC down probably to test the $27k ish support, but it’s clear the long term holders won’t be shaken out , 70%+ of Bitcoin hasn’t moved for 6months or more , a new record.

As long as you have done your research and haven’t overstretched yourself this isn’t the time to be selling out , dull boring yes but early spring can be like that , hold the line summer is coming.

For someone with such a poorly performing portfolio #Lloyds #BT# Vodafone you sure spend a lot of time worrying about Bitcoin and advising others ,is it a coping mechanism Fleccy ?

Bitcoin was created in 2008 ( the white paper published in 2009 . Lloyds traded @ 225p in January 2008 and started 2009 @ 51.2p , in 2008 it offered a dividend of 36.2p .

On the day of the first ever Bitcoin trade Lloyd’s stood at 61.71p

Lloyds sp is now 43.16p so a loss of 27%+ since July 2010 or 80% loss since 2008 ,

It now pays a 2.1p dividend so a cut of 90%+ in yield.

Meanwhile bitcoin has risen from .0008c in July 2010 to $29k today a gain of 3624999900%

It’s a very similar story at VOD and BT.A , so keep trolling because

Fleecy you have truly are the gift that keeps giving !!!

Oh but let’s not forget the dividends , the dividends that are collapsing even quicker than the SP .

The figures I gave were second hand machines which vary a lot depending on market price of BTC ( there price peaks as bitcoin price peaks due to interest in crypto) bizarrely second hand seem to have a premium as new and upto date are pretty much impossible to get .

I found it near impossible to get a definitive price for new rigs as it was like many other’s businesses , very dependent on size of order .

A quick google search suggests the Bitmain Antminer S19 XP Hyd (255Th Is currently costing around $4150 + sales tax ( I think that’s what they call VAT in the US ) , so 1000 rigs is going to cost $4.5m ish + all additional costs , effectively you ain’t mining with 1000rigs for less than $6m outlay by the time you’re other fees are paid .

There’s obviously economics of scale advantages looking at some of the orders the big boys have ordered recently , one deal I’ve seen was 20,000 rigs for $55m .

It is in fact perfectly possible to earn bitcoin with just one rig albeit probably.only a few tens of thousands SATs .

You simply join a mining pool and you’ll receive a pro rata share of the block rewards earned by that pool .

I was a participant in slush pool from 2016-2021 , I had 4 a

S3 ant miners that regularly produced 1m- 5m SATs per month in 2016 this dwindled to less than 500k

Sats a month as newer machines were launched by 21 although I was using a mix of solar and hydro from my land by 2021 it became clear I’d need to upgrade to newer machines to turn a profit, decent rigs we’re going for £6k- £8k on the second hand market then ( and the second hand market is full of overclocked machines), I know they came down to around £2k last winter as the market was flooded with farms closing due to the BTC price crash .

In my experience manufacturers won’t even entertain discussing orders of less than 1000 rigs and even big orders take up-to a year to for receive the full consignment.

You also have to understand mining pools are always competing for participants so you’ll often see a pool claiming a single miner won a block reward within their pool, in my experience this can’t be true because as I stated above you add your hash to the pool and share a percentage of the block rewards generated based on hash you contribute. I’d be 99.9% claims of a single miner winning a block within a pool are just ploys to get the naïve to join that particular pool

So after years of FUD by a small number of climate change extremists that have pedalled the bitcoin is boiling the oceans narrative to the msm final an independent report by one of the worlds top auditors concludes bitcoin mining is actually good for the environment as it captures stranded energy ,provides stability to grids and helps drive down energy costs by buying otherwise redundant power . Strangely now KPMG have issued their findings even the MSM are reporting what those of us who’ve actually taken the time to understand the subject have been telling them for years !

https://mywheellife.com/2023/08/02/kpmg-the-bitcoin-narative-is-changing/

Hi Jezc

If you are dropping an Email to QBT , how about asking them if they’re been in Miami @ mining disrupt this week (25-27th ) I attended the virtual show on Thursday for the RKJ speech , I’ve also been through the list of exhibitors and industry attendees, not seen QBT or and subsidiaries ( I recognise) . Been as it’s the leading industry show it would be good to get some clarification from QBT of there presences, I’d have thought they’d give you an answer as attendance of a industry conference is hardly groundbreaking news .

Ps

Although Satoshi is British rumours that he regularly frequents this board with predictions and plans to work on his next project alongside his wife in a newly constructed garden workshop are probably wide of the mark !

CW is a particularly tireSome individual who’s been making claims regarding his involvement in creating BTC since 2016ish , to my knowledge he’s had judgements in Australia, USA, Scandinavia of similar nature go against him . I certainly don’t have any deep understanding of the law regarding copyright/ownership but in every previous case when CW has been asked to prove his credentials he’s failed to do so claiming he’s lost access to various accounts & wallets that would potentially validate his claims.

Meanwhile it’s pretty common knowledge who the real SN is in the Bitcoin community but there’s no conclusive proof .

This mornings RNS is another significant step on the road , personally I’d like to see TM1 really pushing the fact there so heavy involved in Recyclus as the wider investing community don’t seem to have caught on . That said it gives us in the know a wonderful opportunity to mop up cheap shares before the heard arrives !

If I can raise a few pennies from under performing holdings I’m going to top up if TM1 doesn’t jump too high .

GLA

I think the FOMC meeting will be the biggest determining factor this week on BTC movements and subsequently the driving force behind QBT’s sp unless there’s more company specific information made available to the market.

Some months ago I thought the FED would be forced to pivot due to the underlying damage the rate hikes are doing to the banking system and wider economy that assumption has been proven wrong so far , however there’s a very plausible hypothesis that the FED want to break more small banks and possibly the jobs market which would give them a reason in Q3 possibly Q4 to pivot and flood the system with liquidity , don’t forget 2024 is a US election year and the sitting party won’t want to defend a deep recession at the polls so pumping the economy with $ seems inevitable.

I think they’ll signal a 25bp rise in August but the market will look to any signs of a more dovish stance going forward. Any hint Powell is softening should be seen as a positive for BTC and the wider stock market. A word of caution though, in the minutes after the announcement Bitcoin has moved $500-$1000 on the last 3or 4 FOMC announcements only to reverse that move quickly .

“We are working with and talking to miners”

“we are testing method A&B on new miners “

Well folks this company certainly divides opinions but all should become clear pretty shortly, mining rigs are monitored 24/7 for performance, they can be under or overclocked depending on external factors such as network hash , electricity demand or temperature but rig’s performance information is always clearly available. To me it wasn’t 100% clear if they were using an existing miners rigs or QBT’s own but to a certain extent that’s irrelevant,

I’d have thought that FG could give accurate results for both methods A&B in around 1-2months .In fairness I know when a couple of North American miner’s started using Intel’s chips there were teething problems which were solved after around a fortnight so the first months results disappointed but from that point on the Intel chips have proven the most efficient currently available.

It would seem from what FG said methods A&B aren’t the only products QBT are developing but I do think the results from live testing will go a long way to proving the bull or bear case .

For any one intending to attend this years AGM I suggest you contact Jeff @ SP Angel asap in order to find out the admission rules , he’s a good chap and normally very accommodating with information he has at hand - I would guess it will be the same as previous years - share certificate although far more likely in this day and age a note if confirmation from the broker you use to hold shares , you’ll also require proof of ID ( passport/ drivers license) and quite possibly proof of current residency. As a shareholder you have the right to attend the AGM but without the above documentation the company have the right to refuse you entry.

I always find small company AGMs very informative often it’s not what’s said directly it’s more the body language from the board when answering questions that gives a better picture of the state of play . Don’t forget as a shareholder you are fully entitled to ask questions to the board ( once again Jeff will guide you as to whether or not you need to submit questions prior to the actual meeting) . I suggest you do a little research and ask a question that will give clues as to where the company actually currently are . Clearly the board are bound by Aim rules on what they can and can’t say but you can often pick up a few hints or suggestions while they remain within the guidelines.

The genius of Peter Wall ( now I’m sure that is controversial to many ) let me expand.

Argo was a tiny crypto miner when Wall took over , what he did was actually totally transform the way junior companies interact with the market and its shareholders thus creating a huge buzz around the company at exactly the right time .

The thing that all companies that multi multi bag have in common is they are in the hot sector with few listed companies involved in that sector at that particular time .back in 2019/20 there were very few ways to play bitcoin /crypto in the uk other than holding coins on exchanges or buying on an exchange and transferring to self custody ( a daunting task for many ) .

What Wall did was use his media background to full effect , using social media to update the world on what Argo were doing, monthly production metric’s videos ( ARB were the first to do that ) pics of infrastructure been installed, tweets about energy efficiency (ARB first to go green mining) , wall would be on podcasts, the mining council updates you name it Argo was constantly putting out information.

While Peter was an outstanding publicity machine it became clear his business acumen was less impressive, what cost Argo was committing to expand as the BTC cycle turned and not selling coins into a rising market along with moving away from retail investors and concentrating on the institutional guys .

The point I’m making is if QBT are to make the gains some are expecting they have an ever shortening window of opportunity for this cycle, absolutely no doubt there will be a large tick up in interest from the wider investment community as the halving approaches and those investors will scramble for the stocks that offer exposure to crypto. FG would do an awful lot worse than hiring someone LIKE Wall to drive interest, we have to remember things have changed the new generation of investors expect a social media presence they want videos and pictures and information.

Imo the odd RNS and proactive video will not produce the value of what FG is claiming to be revolutionary tech for shareholders,whereas someone like wall would produce SP appreciation far in excess of the underlying company value with smart marketing.

And just for the record I’m not saying QBT should hire Wall his boat has long sailed .

I still hold a tiny amount of Argo and QBT in kids investment fund but these are basically rounding errors from lump sum sales in the past .

Have a good week all and a belated happy birthday to Addi .

Larry fink ( Blackrock) is arguably the most powerful man in the USA possibly with exceptional of William J Burns ( director of CIA) and I include sleepy joe in that ! if he wants an ETF it’s as safe a bet as you can have he’ll get it , my guess is however the SEC will attempt to hold off approving for as long as possible even though Gary Gensler is under huge political pressure ( motion put to the house for his removal) .

What I would say however is it wouldn’t be the biggest shock if BTC sold off a little after approval bit of a sell the news event but longer term it will bring more money in and push the price up I’d imagine.

Probably nothing!

XRP wins its case against the SEC ,

AND

The SEC officially recognises Bitwises spot Bitcoin ETF application !!! Not approved yet but it’s getting closer and closer