Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ignore his opinion then, he tells you to do that himself !
Some useful facts & data that im sure some may find of interest
The market is staying away from these miners
https://youtu.be/uZ6Crjruqpo
Chopsing
Sadly that's all they have to offer.....
I'm just surprised this dumbo knows...
750 is higher than 689 !
But yes, miners a lot riskier than BTC, but more upside when they run"
It any miner gets decimated but still is operational when btc finally runs , it certainly won't have more upside than btc.
You also have the fact that so many people have been burnt holding miners. I'm sure most have wised up to the dangers & the true operational costs for miners.
Most are also waking up to realise btc cycles & cypto winters are not a myth
Hi PI
I cant see natural gas prices dropping in texas if exporters can charge much more for their gas by exporting it, rather than selling it so cheaply to texans like before, when the world demand for it wasn't so great. . That makes no business sense at all.
But it would be nice for some facts to be posted if it is as being claimed, that gas prices are coming down in texas .
Hellios can be very good in the future if a reasonable PPA is in place . ... but its unfortunately anything but good in this current climate.
As I posted yesterday , argo could have the hightest BTC per EH with all the brand new rigs operating full time , rather than having all this down time because no PPA has been in place
Since the war in Ukraine began, Texas has been exporting more natural gas than ever before, sending much of it to Europe as many countries try to wean themselves off Russian gas. "
Can't see this demand dropping off now autumn is here.
Is there a sustainable drop in natural gas price or just fluctuations!
The same 3 underwater berks, starting the same ridiculous treads....
Slating anyone with a different strategy to them of hodl here. .....Two of them apparently have flipped & have been trading all along !
You could nt make it up !
Stnz
"I think panning someone for holding is only relevant if the share never recovers, it’s a bit early in the race to condemn any investment strategy in the crypto mining industry, no?"
You ve had 18 months to say this to LimpingAlong! While he was panning & attacking every single person thats sold, traded or top sliced here for the last 18 months .
I must of missed all those posts from you warning him ....
"it is a bit too early in the race to condemn any investment strategy in the crypto mining space industry, no ?"
Thankfully all those that were on the recieving end of all his abuse for the last 18 months , made the correct calls ....
No doubt some are pleased as punch he on the receiving end of a huge drop in the Sp here
They won't be getting anything like that riot deal, as they won't be in the 4CP for starters.
"Did pw initially reject a ppa deal earlier this year citing 'higher prices' I wonder what those prices were?"
Not sure about that...
Clipher got 2.7c but that was direct power from a wind farm , no ECORT involvement.or curtailment payments obviously.
Will be interesting if other PPAs are agreed with other before argo, to get a likely figure
When argo can stop having all this down time due to no PAA. They certainly should be one of the top for btc per EH. Even without any uplift, their whole hashrate is as good as brand-new. Even clsk have some slightly aging rigs now.
But yes chaebol you'll probably be correct, and that will be a long time away.
I will add on results day if no PPA is announced
I hope my 35p buy isn't the new top! :)
Chaebol
"With the intel and Epic deposits do Argo have an obligation to buy this 0.9 eh from intel?"
Epic rigs Started to be manufactured at the beginning of the month, from the investor presentation. So its a done deal , If true!
Argo had executed a purchase agreement for 6,600 custom mining machines.
Thats the only purchase agreement thats ever been reported by the company , and this is the same amount of machines needed for only the 900PH production.
I was hoping the huge deposit paid to intel was for the total amount of chips needed for the whole 1800 PH that was first promised, so might get half of that refunded. Especially as the extra $ 25 - $35 million still needed seems ridiculously high.
But I take it , the other half of intel chips / epic rigs needed for 900PH were never even ordered, if a second purchase agreement for another 6600 machines was never signed with epic ?
What will happen if this Bitcoin bear market extends is a return to a smaller pool of miners dominating the space, maybe three or four having gone to the ground and their assets being shared around the rest, initially staying offline (reduced difficulty) but coming back online in the next bill market."
I'm not so sure it will be staying offline waiting , it could be a year, who knows. Once its been snapped up it will be put to work & the gamble and waiting will continue
. This seems like a decent price to buy in if you ask me"
I dont think anyone would be confident in asking you.... what the time is!
Your a funny guy!
Dont fall in love with a share is one thing ( especially a miner in a crypto winter).... but definitely don't fall in love with PW
I shall do my best to ignore from now on, and hope its not too many years & quarters before you can get back to level. Good luck
you're still here? After today's slap down?
The slap down of i bought shares here
Yes was a real shock to me too!
You were here at the time too & couldn't remember that . :)
perhaps you thought I'd been given them and not bought them from 33p up!
Well done on all your trading here by the way.!
You kept that very quiet! ( until today) ... Not one post of any sells. In your history.. but dozen & dozen of buys in your posts .. wow....Poor you
All those hundreds of posts from you , arguing that aimlessly holding in a crypto winter was the way to do it!
But you are a trader and have been cashing out all the way down... hahaha
You sure are the prophet ;)
Sadly not in profit though ;)
Remember when chaebol and flowerpot bought the top and encouraged others to do the same?
Shame you listened to us, wasn't it ...& then kept buying & buying & buying ...
Shame you didnt listen to us, when we said sell wasn't it! ;)
It does seem right that mining numbers & how bad you are , doesnt matter in a crypto winter though chaebol.. ( obviously all miner SPs will naturally sink)
A different story on a btc breakout... look at the last pump, last year! and the different gains between them all.
Throw in a big hodl to the mix just before the halving and should be fireworks
Crypto winter has that effect on all miners.
The bull run is where you'll see the difference in gains between the big & poor miners. Hodl will be understandably be the main driver next time around, not future promised projections anymore.
There was never any mystery behind it!
Simple dd was all that was needed