Some of the reasons I’m glad to be holding Arb shares - Main mining competition reducing. Over next few months mining difficulty reducing New rigs coming Land/Infrasture/power/ rigs in place for new Texas operation - got in before Chinese miners look to move. Possible opportunities arising from Chinese miners closing -based on past experience with Arb wouldn’t be surprised to see RNS about increased rigs. USA becoming increasingly important mining area and helping the green argument. Pluto Bitcoin improvements
Interesting to see possible impact of reduction in BTC mining in China - Increase in renewable mining Increase in N.American mining Arb mining more BTC Opportunities for Arb to buy machines Tesla accept BTC again
As a BTC mining company do we actually want BTC to go up at the moment. In the long run is it better to mine more BTC now and then hopefully at a later date when BTC does go up have a more rapid increase in share price due to a greater hodl of BTC.
Starting to really hate this person! But for all the negative words still in effect legitimising crypto currencies and talking about regulating rather than banning. Just wish they’d get on with it and remove the doubt. Once regulations in place hopefully will be increased institutional/retail investments in BTC.