Member Info for CLSKBull

HC he has 28mil shares coming his way if he can keep the company afloat (vesting over 3 years).

In my opinion he would be best to get in touch with the bigger senior note holders and do some sort of deal with them to reduce that side of the debt issue (ie. convert to shares + options). Although what to do about the hosting contract coming up I don't know. I think the bull run will give him a way out.

Any impact on your BSV?

Well done on mstr - I didn't see it but won't jump in now that it has risen so much.

Another leg down for miners - always possible, but they are already in deep value territory.

Look at Bit Digital for example - they've got hodl worth around 110 mil (a good portion is ETH which they are staking at 4.4%), cash of 34 mil. Mined 124BTC in Feb and look like they are cash flow positive. Ventured into AI for additional revenue and will grow hash. No debt that I can see.

Mcap = 183mil.

I'm not convinced the miners can go much lower as the reality is that many of them are printing cash.

Where are you seeing these volume figures? I'm seeing no real change in volume:

https://www.nasdaq.com/market-activity/stocks/mara/historical

Yeah that would make sense.

They won't be the only ones doing M&A either - Cleanspark is as well, but miner economics have improved with this price run, so targets might not be as cheap as they were expecting.

Any good news from Mara would be welcome though for the sector.

The price of BTC has almost doubled since the halving "worries" started. However it looks like people still want to wait till post halving to move back in. Hoping it moves before then as it's just silly at the moment.

It's one of the weaknesses of hosted, you've not got control over these sort of issues. Additionally post halving you also lose out, unless the contract somehow changes for halving.

Self hosted = 2x electricity + 1x Staff/maintenance

Hosted = 2x per kwh all in costs

Self hosted is better/cheaper for halving.

Riot carrying on poorly also and Hut kicking own goals. The top 3 from last cycle none of them doing great which is not great optics.

Seriously they should forget bitcoin mining as they are useless at it - and just focus on the mstr playbook. They can have the mining business for show to pretend they are a miner to attract the premium.

In fact, the best outcome would be if they just bought BTC with it and copied the mstr playbook.

Yeah frustrating, I remember at the time saying why was he being bearish. Lost 17 mil on this hedge, they could have bought a plot of land for that lol.

Now they have made the whole sector look unattractive. They had better announce something soon.

Mstr will run to 2000 it seems. Hopefully some profits come back to miners.

Yeah it's mental. Can gamble, can invest in these scam companies, but bitcoin is a no. Meanwhile all the capital goes off to the US. Can't stand this government (and don't expect labour to be any better).

Still it should not exist. I've not ventured outside the bitcoin space much but can only assume there are loads of these companies. UK gov are useless.

The hash rate will be up 2.6 times by then though? Or is that the master plan?

Fair enough MNS, we all have to assess the market and make a best guess.

Think we are expecting the same thing but different timelines.

A bit dismissive.

Scruff I'm not so good at the short term trading so I'm just holding through the pain - how much more - who knows! Feels bottomish to me - could always go more I guess but seems crazy low at the current btc price. I suspect shortly after MSTR comes off the boil we may get some miner movement - and well done to any that did the mstr trade as it went up with bitcoin while miners went down.

404 there's growing thought that the market will hold together up until the election. I'm not convinced it will last that long - but things often move slowly. But I seriously can't wait to get out and close this chapter. It has been a wild ride and mentally challenging.

Each time is different, so this time is different also. ETF's have changed the structure of the market - that's this cycle's main difference and has resulted in ATH before halving.

Miners are already down over a third, while bitcoin has risen - they've already had their post halving drop but took it early. Everyone is looking to get back in post halving, so I think it will move before then.

Yeah coming fast.

There has been heavy pullback already - can't see it going lower from here - unless BTC retraces - could be wrong of course but I don't see it.

Huh? Of course the price impacts miners.

It's totally insane - even if you generate your own electricity you have to pay the tax. Mental. It won't get through.

https://twitter.com/BitcoinPierre/status/1767371855512432900/photo/1