The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Have to agree no fireworks and roughly inline with what we all expected, Mined coins on the lower end and margin at the higher end.
agree with what been posted about wanting to see further clarity in future RNSs about the split between BTC and ZEC just to understand how the profit is split so can anticipate monthly production.
Also not checked but noticed someone else has mentioned coins HODL has decreased month on month, if revenues are covering cost has another kit purchase happened or have they just paid off the last one ?
Think we all agree if BTC and ZEC remain at these levels August update with the higher average price should increase margin and revenues further.
I Prefer the approach of buying machines in smaller batches and keep turnaround quickly, I think the big purchase in Q4 last year seemed to drag on for ages. Also that way you can take advantage of deals that come along.
My view on shareholder return has totally changed over last few months I think all profit now should either on strategic purchases or HODL of coins in readiness for what we all expect to happen.
Splatted....I was convinced it would break 12k last night. but massive pull back since, be interesting to see if it try’s again tonight and what we see ready for Monday mornings trade. I just wonder at what point we see the less efficient start mining again ? Probably means we need to start adding kit again to keep our edge.
Unfortunately you try selling this pig of a stock, I’ve tried daily and can’t get rid on HL platform. Once upon a time I was quite optimistic but don’t even see the usual RNS spike routine working. But I’m going to take a guess that’s not what you want to hear but trust me if your a ‘true investor’ and only just started posting go elsewhere as this won’t go anywhere. We were told H2 they would be self financing via revenue and could avoid the awful financing deal but still it continues and if you look at the sites they do have there’s no content.
Ask yourself how will it suddenly come good to turn around failing businesses ?
At 12k we are making £300k extra profit every month or an extra $3.6m a year. Julys monthly update is going to help as will H1 results but every month as the price of BTC increases will be transformational.
Month done so I’m going to stick my forecast in ready for next weeks monthly RNS. BTC Mined (including zcash) 180 -190 hoping margin much improved....too much to hope for over 40% ? So should increase coins HODL by another 30 -40 ?
Hopefully BTC keeps increasing up until the RNS and this time it’s enough for the SP to get above 7p.
I sort of thought if BTC hit £20k level we would see the SP far north of 11p, I was hoping for closer to 30p mark. I think the big jumps now are going to come on news and do agree with Treks earlier point, have to expect some dips. Never traded this one but maybe those opportunities will present themselves.
Tyrion....think us LTH all been through it, hopefully I should be in profit in the morning !!!
Been busy at work so not checked in much today, but good to see BTC and zcash both progressed and every sign it will continue tonight. Our SP not moved as stellar as perhaps but we all want but I’ll double digit growth every day for a month if that means we get to a true reflection of where we should be. For me I’d like to see us over 10p by the time H1 update lands and like to see some news that will progress towards 20p in Q4.
However it all depends on how fast BTC moves, as the risk is once we get above $12k a lot of inefficient miners may switch back on again.
The good thing about today’s rise is it’s brought significant more readers to this bulletin board and significantly more trades as a result. I’ve been on here every day (sad I know) but regularly seen less than 5 views and maybe the same amount of trades.
For me for this share to really move it’s as much about PI’s being aware than the BTC price. I can think if it maintains the momentum we could see true stellar returns.
Not checked BTC since this morning and noticed it broke $10.4k barrier at one point this afternoon, just slightly below so looks like momentum is still there.
It’s held and even got close to $10.4k over night! ! Hopefully onwards and upwards and we should see some sharp rises in SP today, I suspect we will see 5p broken today.
Bill...I only put a couple of grand on coin base just to get started a few weeks ago after asking on here and to be honest the few I bought have done me well. But now I want take a bigger step been reading up and that’s where I go to with cold storage.
BIll, I’m a bit of a Luddite so only just taken my initial steps of buying crypto directly via Coinbase but before I go any bigger I need to learn how to set a cold wallet to be completely safe. I’m happy with my ARB stake at the minute but want to move at least 5% of my portfolio into crypto now as I think it’s past that point of no return in terms of adoption and the only way is up.
DIdnt think my 10k prediction would hit that fast ! Now the question is where will it hit today....I think we may well be above 5p this week
Bill...not sure I’d ever agree with anyone Trump would employ but might make an exception this time, is it in the public domain if he holds significant crypto ?
Briefly broke $9.8k so definitely some upward momentum, I have a feeling we we will see the $10k barrier broken before Monday morning, I just hope we don’t see a significant retrace to the low 9’s again. All bodes well for margin improvements this month.
If only !!! Anyone to go halves on nectar island as I heard Branson bit skint at the minute. Won’t make the offer yet given SP us 4p still !!! Lol
MUst be some news out there as not BTC price moves driving the volume of trades today, maybe H1 results are out there it rumours of a takeover, whatever it is long may it continue
Moved up again over night, hopefully will hold, again a few more gradual step ups until we are over $10k then I think confidence will return and we will see profits move in line