Member Info for Blubay

Mining was up 4% in June, why is this a problem?

Noting that there are only 30 days in June (31 in May) the rate increases from 5.35 to 5.57 BTC per day .

Although, on the other hand, if you’re not interested in using loans then your exchange costs are offset by the interest they pay you (as a lender) and you can then withdraw exchanged coin to a private wallet.

@Pearls - “ Do you see me making any topics aimed at anyone?”

Is that some kind of bizarre joke?

Have you tried Nexo?

"6 months ago, we would have had an RNS today."

No, there's no operational RNS because the US market is closed today

For the love of god, Delacey and Pearls, either get a room or shut it, you're as bad as each other, disgraceful behaviour

"The drill is 90% derisked" ?

No it isn't

Scirocco sold around £1.6m of shares back in May, taking more than £2m overall and reducing their stake in HE1 to 1.59%. They sold more in June as their current holding is around 1.2%, I believe.

The calculation of ‘profit’ depends on your valuation of BTC (ARB doesn’t make any profit in ££/$$). If you assume the approximate fixed costs of production (energy/estate) are not affected by hash rate then the extra coin mined are in effect cost free, thereby raising profit margin. Even though BTC price is lower that margin in $$ is then roughly what it was when the price per coin was a lot higher. All slightly irrelevant as ARB doesn’t really sell its coins but holds them against future value. Either way, it’s effectively free money.

I imagine we might be up to 30% more BTC mined in July than in May. That was 166 in May so maybe up to 215 BTC in July (on the top side but not counting any new rigs online). I’d be surprised if June was as much as 200, maybe 180ish?

Where does PW say 370 coins in June?

Your maths is not correct for the calendar month of June results as the changes were not from the beginning of the month (and I think you’re over egging even then).

Yep, Fool is for a mainstream public readership, they can’t afford to recommend buying high risk shares. If they turn positive it’s usually a sign that risk is reduced.

You do know that companies pay to be featured on Proactive?

If you’re going to do that then you might want to calculate a % drop rather than a constant 10p (as the price rises your 10p will become a smaller %)

https://mobile.twitter.com/binance/status/1409229415846981634

https://mobile.twitter.com/binance/status/1409229415846981634

Binance is not ‘banned in the UK’, it was an application by a different bit related company

I agree. The involvement of the FCA in strengthening transaction accountability and consumer protection across crypto markets/products is a sure sign of mainstream adoption (which we’ve seen with the whales buying heavily into BTC over this phase).