Member Info for jayblu48

that won't stop young people going out to enjoy themselves

no, I am thinking about it, wanted to buy Hut8 but not allowed in my ISA for some reason, so bought MSTR instead

Argo improving and came 3rd after Hut8 and CLSK
https://www.youtube.com/watch?v=JKoupgtbiHM&ab_channel=InvestAnswers

Marathon’s Thiel tells CNBC that miners have been coordinating with ERCOT since last week to get ahead of any potential problems with the grid.
That financial incentive is key. Miners are not altruistically opting to do the grid a solid by sometimes powering down some or all of its bitcoin miners to free up electricity for those in need. Instead, there are a lot of financial perks baked into its arrangement with the nonprofit organization that operates Texas’ grid.
“Imagine how much you would have to pay Amazon to say, ‘Hey, there’s too much demand for power. Please power down your data center,’” said bitcoin mining engineer Brandon Arvanaghi, who now runs Meow, a company that enables corporate treasury participation in crypto markets.
“But it can do that with bitcoin very easily, because all you have to do is pay the miners slightly more than what they would have made mining for bitcoin that hour,” continued Arvanaghi, who calls the setup a “a win-win.”
If the grid operators pay the miners a penny more than they would have made from mining in any given hour, then they’ll gladly power down. And from Thiel’s experience, they get curtailment requests less than 3% of the time in the course of a year, which he estimates comes to about five to ten hours a month.
https://www.cnbc.com/2022/02/03/winter-storm-descends-on-texas-bitcoin-miners-shut-off-to-protect-ercot.html

added another 78,276 shares yesterday, now holding 23,170,089
http://amplifyetfs.com/blok-holdings

I’m expecting bitcoin to go back to at least recent highs before Helios is completed, and by then the Argo price should be a lot higher than 85p, so would expect any placing, if that is the plan, will be above 100p. All just my opinion of course.

Chuz, then are you assuming any placing will be at 85p or lower?

Chae, I can't find a definite answer re mined crypto insurance, probably insured for a limited amount in the overall insurance. One for PW in next Q&A.

have added more Argo, now holding 23,091,813 shares
http://amplifyetfs.com/blok-holdings

same as with other miners......
"The Company intends to insure its operations in accordance with technology industry practice. However, given the novelty of cryptocurrency mining and associated businesses, such insurance may not be available, uneconomical for the Company, or the nature or level may be insufficient to provide adequate insurance cover. In addition, given the relatively short life expectancy of mining equipment, the Company may consider that the costs of the insurance outweigh the potential benefits ..........the Company may have difficulty recovering the relevant amounts from insurers should settlement not be forthcoming, and the Company may be obliged to take legal action against such insurer which could have a material adverse effect on the Company’s business, financial condition, results of operations and/or prospects. The Company will seek to mitigate against this risk by housing its operations in a number of datacentres in different locations and jurisdictions so as to minimise the risk of a single event causing significant loss to the
Company."

yet Dominic Raab was on Sky News this morning saying that "London" needs to slash red tape and embrace Bitcoin as City moves on from EU post-Brexit

https://blockworks.co/sources-in-win-for-crypto-stakers-irs-says-untraded-tokens-are-tax-free/

Microstrategy purchased an additional 660 bitcoins for ~$25.0 million in cash at an average price of ~$37,865 per bitcoin. As of 1/31/22 hodl ~125,051 bitcoins acquired for ~$3.78 billion at an average price of ~$30,200 per bitcoin.

1 hour 11 mins in, not much we don’t know, but any publicity is good

https://m.youtube.com/watch?v=MgeAV3AiX2E

Just on this evening’s BBC News as well.

https://twitter.com/ArgoBlockchain/status/1487195844726169602?t=ynblUnCCjniumkmfy9SY-Q&s=19

"cheering them on from the rafters". Ha more like cheering them on from the gutters.

do some research, he last bought at $19

who was ramping MARA and RIOT

FP - hosting is not off the table 17 minutes in https://www.youtube.com/watch?v=sXFAKf19UlY&ab_channel=BLONITY