Member Info for krautyankee

just watched the post-AGM Q&A. 1. PW hair looked like sh*t. 2. ARB finances are fine. 3. Helios: all good, so far. 4. June operational update next week, including so additional details about Helios ramp-up.

denis - on what are you basing your comment on Riot? From a balance sheet perspective, they look much better than the other listed miners.

Herdie: "Like the Wizard of Oz on here this morning ;-)"; let's hope that PW does not end up getting exposed, like the Wizard.

am glad these twitter & youtube dipsh*ts are being called out. Many retail investors, especially in the US, are not too sophisticated and might indeed "take the plunge", based on these types of fraudulent, IMO, "expert analysis".

thanks. according to their county stats., Dickens county is considered a "moderate" risk; they average 2 tornadoes a year. Not trying to spread FUD, but considering what has happened to mara, all potential risks should at least be "put out there".

my god, what are the odds of a twister wreaking havoc on Helios....that would be "all she wrote"!

looks like a real sh*t-show with compass. "interesting" times, indeed.

Limping: "we are in the best position to survive……..": only if Helios quickly comes into fruition as communicated (without delays, and without a worsening of the power shut-downs. Also, Perry has to get the hashrate/mining pool issues straightened out, NOW!). One needs to assume a 20k BTC price for another year, minimum. It might be hot in Dickens county, but the BTC winter has the mining sector by the kn*ckers.

the analysis is flawed. there are several metrics that are not correct / do not add up. Investors need to do their own due diligence.

as we have seen. "highest hash" is meaningless, if you are part of an "unlucky" pool. time will tell.

good article re. current status of Miners loans. https://www.bloomberg.com/news/articles/2022-06-24/almost-4-billion-in-bitcoin-miner-loans-are-coming-under-stress?srnd=cryptocurrencies-v2

good post Hexam; I saw another good post on the other board, which basically classified the 100% "HODL-miners" as accumulators, and a "bet" or gamble, and not an investment. I accept this logic. PW has always stated that Argo believes in BTC in the long-term, and that Argo is not a "trader". I never liked this strategy; after doing the maths, we can now see that this is very dangerous, and to some "crazy". Sure, we are all smarter, after-the-fact; but I always had a nagging feeling that this could go wrong. Luckily, I got in at less than 5p a few years ago; I watched & waited, even at 300p, and like most of us, now have to wait for the next halving and see if Argo can make a come-back.

until investors are firmly convinced that the crypto "shake-out" is over, as well as a change in sentiment wrt "will central banks get inflation under control", I would not expect any kind of "risk-on" mindset to return. (of course, barring any "news-quakes").....markets might become comparatively static for a while. I do not think the dust has settled yet (Celsius, 3AC, etc.)

so far, the last 2 day-drop in BTC has been orderly, and this on very low volume. Maybe some of these "troubled" DeFi operators are getting rid of their holdings to raise cash. I do not think a "whale" has dumped (yet), no pun intended. This coming week should confirm whether a bottom is in, or not. US market is closed tomorrow.

I guess the "swap" was between core scientific and ARB, so all is good. ARB should not have any issues with Celsius, although you never know if ARGO labs is trading via three arrows capital. I think it is absolutely criminal that none of these over-leveraged DeFi companies involved with LUNA & LIDO(Staked ether), who are now insolvent have not issued any official statement. Some guys have all of their wealth stashed with these companies, including their homes, and have no idea what is happening.

let's hope that the "trade" (ARB transferred ownership of their miners to Celsius AND, that the new Celsius rigs have already been delivered to Helios). It would really suck if a bankruptcy judge froze all of Celsius' assets and "our" rigs get caught up in litigation). We know that some were delivered in May, but I do not remember the expected delivery schedule.

I would like to know what the overhead is in Quebec. We are paying for a crew at both sites. Seems to me, that everything should be consolidated at the "flagship", although now is certainly not the time to be selling a "mining site". I also want to see them consolidate their listing; 10% ARBK + xx% ARBKF, the rest in London. Talk about a fragmented and confusing structure......I could care less if they are 100% London or 100% Nasdaq; I want to see them running a tight ship. Obviously, these kind of details were not as important with 40 or 45k BTC, but I think a re-look at their "top-down" & "bottom-up" numbers should be done ASAP.

"Rouble at all time high">>> what do you expect. There are capital controls in place. It would be at an "all time low" otherwise.

on a lighter note: "Clowns to the left of me, Jokers to the right....Here I am, stuck in the middle with you".

Hexam - luckily, (and thankfully) you and a few others on this board with evident experience with reading/deciphering accounts have enlightened many of us to the various differences wrt how the miners report their numbers. One would think that the Analysts, particularly in the US, would demand some type of "standard metrics", so that apples can be compared with apples.......