Member Info for Chaebol

Parkeg1

Thanks, With the higher rate of renewable energy being used in the UK and with the standing charge its near 58p per kwh Does more renewable energy mean higher prices? Its easy to blame Putin but renewable energy is expensive. Before the Ukraine invasion we used 3% of our gas from Russia for our bills to triple cant just be attributed to 'Evil Putin' x;)

Windmill subsidies end soon here and that will have another impact on price, I think Texan retail market have been told to expect a 17% increase shortly to their bills.

With a currnet unit price of 58p per kwh another 80% increase due next year lol we could be at 1 GBP per kwh but yeh sure btc will moon under those conditions lol x;) and then the press will tell us how good renewables are and theyre only 50p per kwh lol

Trouble coming !

https://www.eia.gov/state/data.php?sid=TX

74.6% Fossil Fuels

25.4 % renewables upto June 2022 actual usage, on the link check supply and distribution. This is the energy used.

Unfortunately you still have a lot of gas and coal fired power plants in Texas, if these get phased out will renewables be able to keep the power on, admittedly Texas have got rid of loads of coal powered plants but cant replace Gas right now for its price and efficiency.

Petroleum Fired 0.2 % Jun-22 find more
Natural Gas-Fired 50.7 % Jun-22 find more
Coal-Fired 16.2 % Jun-22 find more
Nuclear 7.1 % Jun-22 find more
Renewables 25.4 % Jun-22

Mr White,

Thanks for the correction i'll have to look into that.

Wind energy has proven to be expensive not enough wind in the summer and turbines in windmills not winterized in 2021 causing the grid to shutdown.

'Also Argo will often be using otherwise wasted wind power so our use of renewables will be significantly higher than the general Ercot mix.'

What wasted wind power is that? are you referring to the wind farm next to it, ? those prices are already above 15 cents per kwh last time i checked.

https://www.zerohedge.com/markets/peter-schiff-bank-england-rings-mother-all-bells

Good old btc lover peter schiff! good article though!

Good article explaing the uk , I think the FED will pivot but I cant see it lasting long unless they want to keep soaring inflation. interest on mortgages have already been re-rated at higher prices even though boe is 2.25%

Heat food and shelter prices all going up or have gone up, Mortgage rate rises on the incresse this doesnt feel like January 2021 whatsoever, you knew btc was mooning then as all the stimmy money and stonk wins brought the herds too crypto, the liquidity or urgency of buying btc has shrunk immeasurably.

lol Energy

Electricity
19p kwh beginning of the year 52p per kwh

Food will rise with increased costs, we have to eat and heat, those prices have soared. Thats the impact in Europe and UK and by February we will see a much clearer view but until then pain!

Which miners have a ppa in Texas? and what excess energy is about ? 85 % of Ercot grid is fossil fuels.

Can you answer that or you just answer what you can?

Ab the rate rises is the modern game of chicken. The uk introduce all these rate rises for mortgages and loans but the rate is only at 2.25% inflation running hot at well over 10 percent (real inflation( not he cooked books) and rates will have to hit 4/5 percent. BOE flipped from QT to QE on a flip flop, unless we want to keep soaring inflation then interst rates will rise and it will cause mayhem !

Once those rises start again which they will it all collapses again.

ok then Mr White

Which miners have a ppa in Texas? and what excess energy is about ? 85 % of Ercot grid is fossil fuels.

I didnt think for one second you wouldnt be in profit, the stock loses 90 percent in a year and youre up.

Congrats to the swing trading magic x Im considerably up here too no doubt about that! I explained in real time what was gonna happen here but becuase it meant many lost they do the Chaebol derangement game, its a sight to see, the lettuce opened a phantom short based on his derangement and youre still in profit yeeehhawwww

x

Come on mate 20k bullish lol

35k yeah i'll see it but at these prices just more purgatory.

18k to 24k range for 4 months, whats improved economically or politically in that time ? been reading a lot of Martin Armstrong lately 'the forecaster' gets a lot right and sees a lot of pain like many.

*Ercot debacle

Another bright individual that’s ridiculed me for being right.

Ridiculed my price predictions and the riot debacle, I’m sure like the other amigos you’re still in profit…..

This your waffle? I wouldn’t trust you to pick what day it is tomorrow, keep the derangement going, it suits you.

mwhite22
Posted in: ARB
Posts: 882
Price: 78.00
No Opinion
RE: Texas Snow Storm06 Feb 2022 19:24
Your sounding desperate Chaebol.
Fact that Ercot has struggled is exactly why miners having flexible power is so useful to them. Miners unlike other industries can switch off within a few minutes notice. They provide demand when the power is not needed elsewhere allowing power companies more stable demand cutting overall costs for users.
Power usage even if green has been a difficult one for miners to defend but now in areas with excess / wasted power it is a benefit.
Ercot / The Texas Governor and an increasing number of US politicians get it even if you don’t.

20k ish peeps getting bullish. Lol 700 buck rise and people asking if it’s different this time. Funny x

World Cup polish and dubbing coming out shortly.

I never read the board as it is full of bs.

How did you find the earlier post , you had to read the board. Lol make a duplicate post, then discover it’s already been posted, then you criticise the board for bs.

Quick question, if you don’t read posts here because of bs, why do you post here at all ? Last 21 months from you here have been nothing but bs x;)

‘Sell the top’

I’m gonna have fun trying to find it, we all will I’m sure.

You know what I meant ab it’s a bitcoin fund. They’ve sold 63 million to fidelity customers.

https://thenationview.com/cryptocurrency/105532.html

Nice. Fidelity sold 63million usd of btc last week

Mined 481

Sold 544

https://bitfarms.com/investors/news-events/press-releases/detail/163/bitfarms-provides-september-2022-production-and-mining

Hc if btc climbed above 100k and looked bullish…….then never say never.

Do not underestimate the herds money and the amount of liquidity that could be thrown at this when btc turns again.

200k 300k btc unlikely in my view but it could happen and if it did you’d see the exact same frenzy as 2021

Apart from clsk all the established miners bought miners at the peak.

Maras been lucky in a way by not mining last few months, crazy bonuses is not a cash cost just dilution, and in terms of percentages of your floated shares Argo has diluted you more than Mara have.

Mara raised at the most opportune times and didn’t hold back, at the peak of its frenzy they raise 750 million to be repaid in 5 years at 1 % per annum and it was oversubscribed.

Any miner worth its salt could only dream of a raise like that. Don’t all the miners need to make a profit soon ? Who lasts longest?

Mara

Anyway what has Mara wasted money on and how much ?