Member Info for CLSKBull

The truth is that anyone could copy the code of an open source protocol, modify a few parts and make a new coin with the features that they deem important. Perhaps via features/influence/advertising it gains traction and gains a value. But is it likely to compete with Bitcoin's massive advantages in size and adoption? There are tradeoffs in any crypto, and perhaps Bitcoin has strayed from the original concept of peer to peer payments and become a global value store/financial product. But I'll be honest - although I appreciate the altruism of the design and the concept of redistributing wealth, I'm really here hoping that I'm a recipient of the redistributed wealth.

Ds, most don't care about block sizes and will see it as just another alt coin. Most are here for financial reasons, and btc is the main attraction. Perhaps it is VHS and bch is betamax, but the people don't really care as long as it works

Yeah so far the biggest acquisitions have been from Mara, but whether they were good buys remains to be seen. I'm not convinced they got very good power prices for the new facilities. Same with CLSK's recent small facility acquisition. Which is part of the problem - the facilities with the low power prices will likely be doing fine and won't need to be sold at halving. The fact that CLSK doesn't seem to have something lined up already is a concern.

Good point Jimmy - at some point GBTC sales have to slow, and extra demand like you've mentioned will help balance things in the right direction.

I find it harder to be on the sidelines than sitting through a dip - at some point the bull run kicks off and miners will start moving properly, and you don't want to be sidelined at that point as that is when the money is made.

Timing is impossible to predict - however I have macro concerns that steer me against the longer length bull run.

Agree that CLSK is likely to enter the 15's at some point soon. Their update yesterday was heavy on the acquisition language so no doubt they shift a few shares on the ATM.

Every chance this current dip keeps dipping into the high 50's- whether it resolves by halving is a coin toss. Between this and the new CLSK $800mil ATM I'm no longer convinced that BTC will be ATH by halving, or CLSK above 16. Although I wouldn't count it as a post halving dip either if it happens before the halving, so potentially no winners lol.

Memorial day is 27 May 2024 so it might open soon. I'll have to go there if I'm ever in Texas just to see it.

Haha can't trust any of them. There is a cooling %, not sure how much that would be for immersion but 40MW would sound too high. 5.9EH of S19J pro's would fit in 200MW allowing 10% extra for cooling wattage.

Yeah the agreement now is on favourable terms, and it's a small miracle Galaxy kept their word on it - as PW was clearly going to agree to anything at that point an who knows what was actually signed.

I can't see them renewing it - but then Argo is left with modified machines and nowhere to put them.

Or does Galaxy sell Helios to the highest bidder given Mara and CLSK are looking for sites? But then why bother with the pool?

Https://twitter.com/galaxyhq/status/1773341237241639353

Let's hope the people finally get their pool.

These ATMs are frustrating for sure. Inflates the mcap but does nothing for the share price. I think the smaller miners are where the money will be made this cycle - however which ones and how to time I've no idea.

Note that the version on Marapool has updated recently - it is now v031924. Mined 6 blocks yesterday but none so far today. I'm in two minds about whether the hash issues are physical or to do with the pool.

Iren announced yesterday that they'd finished their raise and they jumped 20%. Suspect Mara would jump on completion of their ATM. Maybe their monthly update gives something.

Have these events made me think less of clsk management? Yes.

Do I trust any of the miner ceo's? No.

Wulf is an interesting one because of the high insider ownership. Interests more aligned potentially.

Mara is no better their cost per bitcoin is far too high. Market doesn't care about fundamentals just now though so all good.

I hold more much more mara than clsk just now, I don't believe in the company at all though as they are useless. Only care about what I think the share price will do.

Fred needs to get off YouTube and sort out the issues. Around 100mil of lost revenue so far this year. What a clown.

2025 is too late

Can't see it but their website has an immersion model that is 15.

Https://twitter.com/BITMAINtech/status/1773656744440275412

15 j/t the most efficient miner out there as far as I know.

They'll 2.5x their hash for 800mil and likely do it before mara. It makes sense. But share sale before it poor form.

I can see it going below 16, how much lower than that depends on bitcoin.