Member Info for london_balling

Appreciate the explanations guys.... GCSE business studies was a while ago when bitcoin was something you did to see if it was real gold :)

Feel better now!

Genuine question here, asked from ignorance rather than anything else.... if we mine and HODL the coins without selling them, how could we make any kind of profit?

The value of our assets would obviously increase hugely, but we'd not have any income surely and wouldn't profit unless we cashed those assets out?

Well they bought 13m in a day 3/4 weeks ago now and yesterday was 2.1m... will certainly be interesting

You need to apply on behalf of an actual company and have an actual leadership position! It's not a free for all sadly!

I don't think that's right.... it's just a fee to buy a foreign registered stock....

This.... we only KNOW there are 30m of the 350m+ shares in US hands at the moment - the placing 28m and 2m volume from last night. Would be interesting to see the numbers, though I'm sure we never will. If I had to guess I reckon we've still got 250m+ in UK hands.... the Nasdaq will multiply the volume by x5 or x10 or even more.... it'll come in time, hopefully!

They'll have the same issue with traders and profit takers and those trying to get out having broken even... however it's certainly a positive step in the right direction and even another 5-10% day continues the positive momentum.... we're taking the stairs not the lift and that's ok I think....

The H1 2020 results came out in early September, which would suggest another month at least to wait for H2.... we'll see.

I certainly hope you are right AB, it will be interesting to find out.... we've only gone narrowly down in number this month despite a 10.8% increase in difficulty, in early Jan, but have had a week or so of some of the new machines online too....

February will have even more hash-rate but the price is higher and the difficulty will likely be higher again and of course we have three fewer mining days to factor in...

March figures should be spectacular but if S2F etc are to be believed we could be talking 50-60-70k by April 1 and if so that will be another 4 increases in difficulty between now and then at least.... anything above 100 a month and above a 70% margin would be extremely positive as far as I am concerned... do I think we'll be fairly rewarded for it, no, of course not, but this performance stands up against any other miner nomatter what the SP says.... we can only control what we can control and we're doing that superbly.

Phoebus I'd have thought we'd have spent the money on BTC purchases now rather than saving some to buy in future months - unless of course they forsee a drop in the future?!

Out of interest, where is the 3,000 from? Another 2500 from mining alone? Is that based upon increased capacity alone? Does it factor in increased difficulty too? If BTC price doubles in the next few months it will lead to vastly increased mining difficulty too! I was thinking more 1000 coins mined through the rest of this year (ballpark)....

Sorry everyone :(

Think it’s partly profit taking and partly people desperate to get out after breaking even - this share isn’t for everyone, as we have seen!

They are on the Nasdaq where they place huge store in forward value.... they have big expansion coming eoy/2022 so their price rose....

We’ve actually grown at a faster rate than riot and Mara over the past 3 months in terms of SP... hopefully that trend continues over the coming 12 months

Not the case. We meet various criteria which means we only need one $2 close to qualify for capital market application.

It’ll be tough to work out as we have a decent btc run overnight AND a positive RNS.... almost a shame it didn’t drop on a flat day so we could get two rises not just one!

Assets that will certainly help any uplifting application

Ugh $$$$$$ not £££££££ stupid fiat currency :)

On the books at current prices.... if we had 501 in October that would have been c£5m... hopefully in 4 months from now those 501 will be heading for £100m! Well done PW

And wonder what price they got.... hoping a 30k day not the 38k day at the end of January ... or DCA even better!

Wonder if they bought the BTC with an advance on the placing money...?!