RE: Frustrating13 Apr 2020 19:58
Very much so, as write this BTC is 6,788, it would have probably dropped 5% by time i finish this post .
I have to remind myself
Today is 13th of the month, assuming the same amount of bitcoins as last month 333.8 /30 *13 day. 144.64 bitcoins mined so far, average BTC $6,500, so $940,203. Translated to £, 45% margin then minus full months G+A estimated at £150,000.. EBITDA around £230,000.
EBITDA of £230,000 after 13 days isnt bad, especially as all G+A for the month has been accounted for .
If we do the same amount of Bitcoins as last month , based on the assumptions above, we make £730k EBITDA
Presently the Market Cap is £11 million ..
Plus not affected by the Coronavirus .