Member Info for CLSKBull

True - do you have any value metal plays in mind that are a similar profile to GRL?

For BTC miners I'm feeling that 2021 was retail led, but what I'm noticing is retail/dumb money is largely absent in this run. For example, the Coinbase iphone app is continually around 150 in the charts. If we get a parabolic run in the markets I'm sure everything would do well - but at this point in time I am wondering if it will ever happen. It needs fomo for things to kick off, as if you have time and analyse you just see the issues with BTC mining.

With BTC it seems that only Saylor is buying just now. Until that changes I don't really know what happens.

BTC mining we know is flawed, mostly due to the halving, but also due to machine efficiency continuing to get better - 6 JT machines coming in the next couple of years - more than 2x more efficient than the current crop, which effectively means that all current hash has a 2 year expiry before it has to be replaced. However the money to be made in miners is in the bull cycle - but we've been in the bull cycle for a while now and since the start of 2024 they just keep going down.

With GRL, it just seems it has a better path forward, a similar risk/reward profile (arguably higher reward potential - but plenty of risks also). But it doesn't have the halving issue, or the machines aren't all getting 2x better in 2 years, and once they have a mine there's no competition for it. I can see it going up without a major sentiment change.

I'd also point out that SPX and NDX were at ATH's last week, and DXY has retreated, so I think market conditions are better than you say. But Gold ascending steadily. Can't believe I'm saying all these words!! Are gold miners the new BTC miners?

I also still think a general market crash will come - but think it needs a parabolic run first - and I continue to wait (im)patiently.

HC I must admit I'm feeling more confident in Goldstone than some of these miners.

BTC miners are pretty much at asset value with no premium but still keep going down. I don't know when they stop. Except Argo holds up somehow with no business of course!

Rob - multiple buyers coming in is great news.

HC - yeah it looks stupidly undervalued, with a nice macro backdrop to support a run if enough eyes see it. Hopefully Gold breaks through 3000 USD soon and gets the miners in the spotlight.

That was me and a few more - think about 5mil in total. Took the tip off HC for this. Don't worry HC I won't blame you if it goes to pot - but I think it will come good. Best of luck all.

Bought some Goldstone. Will let it sit a week or two and see if it gets moving.

Microstrategy is likely to buy another 20k BTC next week so it should run the price up - I think next week is decent for the miners.

All looking good for a breakout shortly imo. Give it a couple of weeks. There is some leverage in BTC that could be cleared first, but otherwise it's looking primed.

None taken Enki - this will get there in its own time.

I'm aware this is not a bitcoin miner lol.

A matter of perspective. Bitcoin miners (my main investment area) provide monthly updates, plus news inbetween. GST is a little less frequent than I'm used to - so perhaps a monthly update would be a good way forward and help keep momentum going when it starts. I would certainly argue that the raise followed by no news is the reason for current price action. That doesn't make it "bad", it just is what it is.

Kat, the company is not particularly chatty on the news front. Obviously I would love to see some positive news flow, that would be a catalyst to get this moving again, but the absence of this is not "bad" or "good", it's just business as usual. This is a slow burner.

That's what fud is - Fear, Uncertainty, Doubt.

Arthur the odd time I check in on this board you've posted fud rather than facts, reading anything in the most negative light possible. Might be this, might be that, always interpreting things as bad news.

Your 250k shares are now worth less than £4k. I honestly don't know why you don't move on if this company is so bad? Are you just lonely?

Mara has always been inconsistent. They have a good run of production, then struggle for a bit. He's claiming curtailment - which is valid due to the cold weather experienced in the US in Jan so I wouldn't be too worried about that.

Will they dilute you? Absolutely that's the plan it is why they have increased authorised shares. However with delayed effect, as they will issue more senior notes to convert to BTC and increase their hodl - mstr style - that's my expectation anyway. If BTC runs to 150 it will favour them, as they have over 50EH, and over 45k HODL.

Also they will show a very good profit on year end due to FASB hodl markup.

All the miners are beaten down at the moment. Will sentiment change - who knows? I hope so as last year was terrible.

CLSK reporting results tonight which should look good, might help.

If larger block size was considered critical then one of the larger block chains would have gained share which hasn't happened.

Bitcoin is not Satoshi's original vision of an e-cash p2p system, it is a financial asset/instrument/infrastructure. I'm sure it has evolved in a different direction to what he thought it would. I don't think he's still alive (and no it's not Craig White).

If it were clogged and transactions were failing to go through then that would be worse than the current state so I'd argue that things are going well.

Tether have announced an upcoming lightning network integration, and further L2's and use cases will no doubt come along. If you can do low fee transactions on the Bitcoin network why wouldn't you? It's a good thing. Perhaps not for miners but who cares?

Clearly that would never happen. However the free for all approach to mining has come to an end. Miner efficiency and economics iare important.

Yes bitcoin mining gets harder and harder each passing day - with the odd period of reprieve (ie. now). Once this cycle completes I don't think I'll invest in them again - and I'm sure many will be wiped out in the next bear.

However there will always be miners, and those with a hardware edge (eg. Bitmain or Bitdeer), or those with an electricity edge (eg. stranded energy at near 0 cost) will remain viable. I'm not convinced many of the current Nasdaq crop will survive long term other than Bitdeer with their 6 jt machine roadmap.

They won't increase supply, the hard cap is the most key feature and why it is so valuable.

CLSK results out Thursday which should look good and will hopefully kick start some revaluation. At the moment mining is viable.

Bitcoin was envisaged as a P2P ecash system but has evolved (devolved?) into a speculative financial asset. Most of the interaction is done off chain and via proxies now. Guess this will keep the fees nice and low. Bch failing to get anywhere near ath. Market has chosen.