Member Info for Chaebol

I havent researched hut enough, Im happy to trade Mara corz and bitf in the future but its a keep my eye on it for now, I seriously considered corz at 148 cents but decided against it. Will be buying btc again from 12k USD down if that presents itself and once i feel thats bottomed, then ill be considering the miners, all very snakes and ladders for now.

Hodling equals insanity in this climate.

lol good luck getting paid from ERCOT, this energy debacle could cost Governor Abbott in the next election, I very much doubt a Democrat wins the title but a new Republican with a proper energy mandate to fix the fragility of the grid could mean that title of crypto friendly sate Texas isnt friendly anymore.

Energy prices soaring all over the globe and these mining sheds profiting from low energy costs, it doesnt add up and its a bad mix to be in.

Texas looks like a very poor decision to me. x;)

Weird on Twitter Riot curtailed on Saturday morning at 8 am and Argo only yday afternoon.

I smell bs

On Saturday at 8:00 am, Rockdale curtailed all of the power to help the grid battle this extreme heat. The power remained off till 10:00 pm.

Team @RiotBlockchain did it again today!

They sound like they are happy not mining, probably saving money.

The state’s day-ahead market has several hours on Monday afternoon listed at more than $1,000 a megawatt hour (MWh) and one at over $2,000, which is more than twice the peak price on Sunday.

2 cents per killa lol yeh ERCOT will rush to energise these miners at those prices lol. I said ERCOT was a circus many told me i was fud again. Here we are, again.

intersting article to be fair

https://yournews.com/2022/07/12/2375954/texas-grid-avoids-blackouts-with-voluntary-cutbacks-amid-scorching-heat/

Large industrial power users helped avoid blackouts with power cuts, including companies that mine for Bitcoin and other cryptocurrencies. Riot Blockchain and Argo Blockchain said on social media they would curtail usage to help stabilize the state’s grid.

Im hearing on the grapevine this could be a 2 week shutdown x;) Texas gets hotter than this, then what x;) and then you have those cold winters x;) mad.

The acquisition of TeraGo Inc.’s cloud services and colocation data centre business was completed on January 31, 2022, establishing the Company as a leader in high performance computing, with five data centres across Ontario and British Columbia and approximately 400 commercial customers. The high performance computing operation currently contributes monthly recurring revenue of approximately $1.6 million.

Found the above in the Q1 2022 financials

'Low btc price & forced desperation selling is surely waking people up to realise this.'

You'd like to think so FP. I think people are only beginning to realise what 90 percent down from its ath actually means, as these btc prices go lower, companies like argo are in a death spiral.

Im sure the unwoke will awake then......maybe ? x;)

Im sure the resident rampers could put a great spin on Argo bankruptcy x;)

We defintiely need to see some proper smart growth from these miners at these prices, and not the smart growth PW advocates thats for sure!

PW made out he was smart for selling at 24.5k that might have been true if he had sold the entire hodl but it was only to satisfy loan obligations and hes not gonna look like smart growth if this gets called at 17k being at the mercy of btc price with no risk management in place, could cost argo dear.

No hodl, little cash, lots of loans , anything nailed down loaned out.... When you factor in the terrible mining numbers and efficiencies, id say sincerely Argo look like one of the riskiest mining bets right now, far and ahead of others as well.

Dilution would cause a huge capitulation so I know its the only choice for Argo if these prices continue, but wow what a 5hit show to be a long in.

ARB 8-12P
CHAE GLA

what if bitcoin drops sub $15k and stays there for the next few months?

HC if that happens theyre all in the brown stuff, the best mobs have a year at best below 15k.

With Argo losing the hodl should the prices fall what other ways do argo have realisticcally of raising million of dollars.

Example of btc mining even if they mine 300 at some month this year at 15k thats ony 4.5 million dollars monthly revenue, tnats a lot of problems for argo, how will they raise money to keep the lights on. back to the dirty word of dilution lol what else can they do ? no more loans no btc no cash errrrrr dilution x;)

ARB 8-12p
CHAE GLA

Whos bullish x;)

Yeh the energy capital of the world can’t guarantee that you can keep your lights on.

Let alone huge intensive data centres like mining sheds lol that’s July’s numbers up in smoke then august then lol

Yes AIG I’d be looking at miners that dont have Texas exposure.

Did you write that in braille as I cant make sense of it.

Or is it some form of an announcement from ERCOT?

x;)

We have enough power for the Summer said ERCOT lol

The state faces a "potential reserve capacity shortage with no market solution available" on Monday, the Electric Reliability Council of Texas (ERCOT) said in an operations message on its website Sunday night.

https://www.msn.com/en-us/news/us/texas-faces-rolling-blackouts-as-ercot-warns-not-to-use-major-appliances/ar-AAZrv3K

Texas lol

And if i was greedy and stupid mpeterson and I can think of far more qualified handles on this forum that qualify for those qualities.......id have done the greedy move of buying these under 60p when it went under 60p i strongly stated..........

37p it hit, then at 37p i have strongly been stating...........8-12p and ive been like this since 152p

if Im so greedy why havent i bought 1 long share in this 'downward trend' lol

8-12p Easiest Bet Of My Life x
CHAE GLA

Lol good find fp.

Who’s the dreamer.?

They ever apologise, lol he will go missing for a couple of weeks and then post more hate.

Stnz, crypto affords wonderful trading opportunities.

I’ve been crystal clear how far this will drop lol ive been ridiculed all the way down.

You have no idea how smug I feel, but oh the profits………… Jesus.

At these btc prices they dont have 6-12 months, they need to cut costs now.

Hodl after galaxy loan is about 300-400 btc, scrap the 0.6 eh of 14,000 machines now! bin them, sell the buildings and focus on Texas and its never ending curtailment game...... x;)

Lol do they have to live apart as their joint net worth just exceeds the rock and roll benefit if they cohabit.

RE: Btc looking bullish again
08 Jul 2022 02:51

Like I say I expect 23k btc to drag some more mugs in and then whooosh down we go.
??We can all talk again at 8-12p.boys

??ARB 8-12P?
CHAE GLA Thai time 8.50 am

Im sure the rampers will get to understand 'downward trend' and 'Relief Rally' sooner rather than later but probably not x;)

Couldnt see this relief rally breaching 23k, looks bearish again..... will 17.6k get re-tested ? and yeh the 26 28 30k btc merchants this week and arb will be over 40p etc, worked out well didnt it boys, again!

Whos bullish ? lol

ARB 8-12p
CHAE GLA

Wheres Moneyman i miss his ARB 5 quids............. and im the fool x;) lol