Member Info for krautyankee

chaebol - PW stated earlier this week: "If the choice is between people and mining, we will choose people", or something along those lines. PW = the "good guy", or so it seems.

instead of running their air conditioners at full-blast in the afternoon, the locals should cool-off down at the town swimming pool that we paid for.

so basically, we have literally no idea what the cost of power will be, for the next several months AND also have no idea of what the monthly BTC production run-rate will be. great visibility ("blind leading the blind")....

Argo continually playing the "nice guy" amongst the miners and voluntarily shutting down (currently with no compensation), putting texas energy users ahead of ARB sharehoders seems to me to be a serious mis-alignment of the company's priorities. "nice guys finish last", and all that....

"Do we know how long the miners will be shut down?" - it appears to be sporadic, but likely that they shut down during "peak demand", which seems to be for AT LEAST several hours each day / afternoon. Apparently the lack of wind is contributing to the grid's supply "issues".

saw a video from yesterday on yahoo finance with PW. He was clearly evasive wrt ARB being eligible for incentive payments due to current power situation in Texas. https://finance.yahoo.com/video/problems-texas-power-grid-disrupting-205319074.html

since Argo definitely used "cheap electricity" & "some of the cheapest" electricity available, as a main selling point when presenting the Helios project to investors & shareholders, I think it is mandatory that they provide clarity on this topic ASAP. IF the avg. price for power is about .02 cents for 2022, then the current spike, although unnerving, can be ignored; but the company needs to confirm this.

PW has, on many different occasions (Q&A, investor presentations) repeated the "0.02 cents" for electricity at Helios line. It now seems that this statement is/was, IMO, misleading. I'll bet that "**target cost rate" was buried somewhere in the small print.

https://www.texasmonthly.com/news-politics/texas-bitcoin-mining-solar-power-grid/

thanks for the details Hexam; I was alluding to this, since ARB has continually hyped: "95% of machines paid for", etc. This may be the case, but who owns the title to these machines / how many of these machines are "encumbered".....

exactly Rookie; that is the point. PW got everyone "hot and bothered" in the May update, when he confirmed the "dismal" BTC numbers were due to Terra Pool & "Probabilistic outcomes" (as well as downtime); In June there was literally almost no improvement (if you look at no. of BTC per EH), considering the new rigs that came on-line. PW elected to say nothing, but he certainly knows investors can connect the dots. As of late, In my opinion, PW likes to high-light the easy-wins, and remains silent about the real issues, although he knows "we" are watching.....it feels almost insulting. Does he think we have forgotten what he said in the May update..?

double digit % gain, today, OK. big deal. I am not a day-trader, so I could care less.

coolmax: I would like to know which miners are "double digits" at the moment...?

Does anyone think, that after the "events" of the past 8 weeks, that a sane investor would take this (current Pluto sales-pitch) seriously...? shaking my head....:
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Wayne: everybody has an opinion on the BTC price, just like everybody has an ***hole, as the saying goes.....

LA - The post from Rookie was well-welcomed. A reality check. PW is / was obviously limited wrt what he confirmed during the Q&A due to the disclosure rules, which he himself said. However, as you very well know - there are several blokes who post on this board regularly who have recently raised very important concerns about the ARB balance sheet, and more importantly the missing details wrt the loans / debt. There are many "moving parts" wrt the financing and most of us "old timers" feel it almost insulting when being repeatedly told that it is "all good" and "PW said so during the Q&A", etc. Although the current situation is not a cause for panic, it is, IMO, most certainly NOT "all good". The company needs to treat us shareholders like intelligent adults and give us the "true gen".

"Could this be the fabled rise to new heights? Here's hoping"; unfortunately, not.a.chance. After the next halving, who knows; but this could still test the June lows, according to many.

"haha", etc., is the perfect call-sign for the guy - literally, laughable......

LA - Personally, I do not like this; I am not drinking the kool-aid in your post. Any amateur ARB-bear could poke huge holes in your claims. I am not a bear, but I much prefer a no-nonsense dose of reality, instead of wishful thinking. "keep it real", as they say. please!

PI: "The big miners know this, that’s why the hodl"; many of the "big" miners will be forced to sell their HODL to pay the bills. FIAT is king at the moment.