Anti-PC...It's the new PC!
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Not trying to promote this youtuber.
This post is for investors whom look to TA for indications on price movement.
The chart analysis here is interesting.
Over the last few months his analysis has been consistent with price movement.
Cardano Ranks 26 on Top Brand Intimacy Rankings.
https://mblm.com/lab/brandintimacy-study/rankings/
ikr...
The Next Crypto Bull Market - Will Be Shocking!
Investing Made Simple - Nathan Sloan
Your guide to Cardano
Essential Cardano
While Cardano is very promising, the big money to be made will be from projects on the Cardano ecosystem...life changing.
You can view these projects on the link provided.
Choose wisely!
CardanoCube-Ecosystem
All them Trolls that spread FUD about Cardano being a ghost chain...they be stupid & dumb!!!
Very soon...
chit will get real!
CRYPTO REVIVAL | Huge Projects On The Way
ikr?
Can't stop now!!!
Online platform, PoolTool.
Cardano PoolTool
MINER VS MINER FOR JULY WITH UPDATED METRICS INCLUDING LATEST QUARTERLY RESULTS!
Always a bit of a mumbler, but the data is good.
SEBASTIAN
RANKED The $BTC Miners In 6 DIFFERENT WAYS!! | WHO IS #1??!
Talkin' Investing
Cardano Community shines as the network enters NASCAR
Cardano@NASCAR!
The next halving: Reward-Drop ETA date: 04 May 2024 13:36:29 UTC
The link below will take you to a countdown clock for the BTC halving.
Bitcoin Block Reward Halving Countdown
On another note, the Blackrock/Coinbase news is awesome.
Will bring several trillion to crypto.
Miners like HIVE (a top three cryptominer) will explode!
Easy now, still a lot of research to be completed for that documented proof of 100,000 coins or 100,000 eth coins!
The rumor is that MSTR has been selling.
Saylor denies this rumor.
Pomp explains Crypto Miner's Trials and Tribulations.
Will Bitcoin Miners Survive?!?
Q1 will be a MONSTER!!!
HIVE will continue to crush it!
HIVE ranks pretty good via the metrics used here:
I RANKED The $BTC Miners In 8 DIFFERENT WAYS!! | WHO IS #1??!
Should drop by Monday, but we've been down this road before.
Reported back in April 2022
BACK BY POPULAR DEMAND!!!
SEBASTION!!!
Hive Blockchain June Production Update
Again with the missing coins...SERIOUSLY???
Contrary to what you may hear, management has positioned the Company nicely for the next halving and subsequent bull run.
Kevin O'Leary "Mr. Wonderful" provides excellent insight into Crypto-Miners with regard to being carbon compliant.
Bitcoin & Crypto Market Need More Pain | Kevin O’Leary | Full Interview
Oh gee, I wonder what Crypto-Mining Company I can invest in that uses 100% green energy and is therefore carbon compliant?
LOL, they sold the ETH back when it was trading much higher to fund the INTEL purchase. They plan on continuing to sell ETH and BTC to take advantage of lower prices for mining equipment brought on by the bear market.
lol, they mine around 2500 ETH coins a month.
Frank Holmes, Executive Chairman of HIVE stated “HIVE is experienced in managing the recent volatility since we were the first digital asset mining company to go public in 2017 and have experienced both price surges and massive downdrafts or “crypto winters” before and have strived to maintain a strong balance sheet of Bitcoin and Ethereum which is completely unlevered. The Company maintains its business as a cash flow positive enterprise, without any significant debt (aside from a long-term real estate mortgage from Canadian bank with less than 4% interest), and no equipment financing on any of our ASIC and GPU fleet.
July 7, 2022
HIVE Blockchain Provides June 2022 Production Update
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its amended and restated short form base shelf prospectus dated January 4, 2022.
Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE:HBFA.F) (the “Company” or “HIVE”) is pleased to announce the production figures from the Company’s global Bitcoin and Ethereum mining operations for the month of June 2022, with a BTC HODL balance of 3,239 Bitcoin and 7,667 Ethereum as of July 6, 2022.
June 2022 Production Figures
HIVE is pleased to announce its June 2022 production figures and mining capacity:
278.5 BTC Produced
2.17 Exahash of Bitcoin mining capacity at beginning of June
Increased to 2.24 Exahash of Bitcoin mining capacity during the month of June, and 2.0 Exahash at the end of June some miners were temporarily taken offline and are the process of being swapped out for higher efficiency miners and layout optimization
2,542 ETH Produced*
6.26 Terahash of Ethereum mining capacity at beginning of June
6.0 Terahash of Ethereum mining capacity at end of June, some miners were taken offline temporarily for layout optimization due to higher summer temperatures
*The Company’s production of ETH from GPU mining (including selective optimizations of GPU hashrate) has yielded a total ETH production of 2,542 ETH
Frank Holmes, Executive Chairman of HIVE stated “HIVE is experienced in managing the recent volatility since we were the first digital asset mining company to go public in 2017 and have experienced both price surges and massive downdrafts or “crypto winters” before and have strived to maintain a strong balance sheet of Bitcoin and Ethereum which is completely unlevered. The Company maintains its business as a cash flow positive enterprise, without any significant debt (aside from a long-term real estate mortgage from Canadian bank with less than 4% interest), and no equipment financing on any of our ASIC and GPU fleet. In June we produced an average of 14.0 Bitcoin Equivalent per day, comprised of approximately 9.0 BTC per day and our Ethereum production. We are pleased to note that as of today, we are producing approximately 9.4 BTC a day in addition to approximately 90 Ethereum per day. We are seeing the ‘Great Unwind’ of highly leveraged Proof of Stake fin-tech companies that represented themselves as modern crypto lending platforms. This unwind is causing selling pressure in the crypto markets at large. We see how the abuse of leverage without regulation, which is endemic in Proof of Stake projects, causes volatility. We believe imprudent ‘crypto cowboys’ have created a situation akin to the Long Term Capital Management LP (LCTM) crisis of 1998, yet this time without a Federal Reserve to bail them out.”
It reminds of 2017 during the ICO craze when tokens were being launched only to crash and burn in 2018 and the last crypto winter ended Feb 2019. These cycles are filled with new innovation and aggressive players. We are cautious, seeking out opportunities and remain firm in our belief that Bitcoin and Ethereum will survive to thrive again after all the over-leveraged players are forced out of business.
Aydin Kilic, President & COO of HIVE noted “We continue to strive for operational excellence, ensuring that as we scale our hashrate as a company we also optimize our uptime, to ensure ideal Bitcoin and Ethereum output figures.” Mr. Kilic continued, “We also would like to provide an update on the BTC and ETH equivalency, where one can equate value of the coins produced daily. As such the ETH that HIVE produced during the month of June, equated on a daily basis, is approximately equal a monthly total of 142.3 BTC, which we refer to as Bitcoin equivalent or BTC equivalent. This is in addition to the 278.5 BTC produced from our Bitcoin mining operations during June, for a total of 420.8 Bitcoin equivalent”
The Company’s total Bitcoin equivalent production in June 2022 was:
420.8 BTC Equivalent Produced
14.0 BTC Equivalent produced per day on average
3.2 Exahash of BTC Equivalent Hashrate (BTC hashrate plus equivalent ETH Hashrate) as of June 30), although the Company’s BTC equivalent hashrate peaked at 3.5 Exahash during the month, towards the end of the month some miners were taken offline for layout optimization
Coin Strategy
Over the past year we have been strategically selling some of our ETH holdings to fund the expansion of our BTC footprint, and brought our ETH position which was once at over 25,000 ETH to its current position of 7,667 ETH. We sold most of our ETH at much higher prices and made the wise choice to avoid lending-out our ETH to earn a yield because many of these lending schemes have gone bankrupt. During these challenging times in the market cycle that we are experiencing, we remain committed to our expansion plans. These plans will be funded through the selling of our current production of BTC and ETH, while striving to maintain our BTC inventory levels. Darcy Daubaras, CFO of HIVE stated, “We are able to undertake this strategy and maintain coin inventory levels as a result of keeping a strong balance sheet position and never having entered into any agreements whereby our coin holdings have been staked, put up as collateral, or otherwise put at risk of being called by another party to cover a position due to the current decline in the price of crypto currency.” Mr. Daubaras continued, “This conservatism has put us in a favourable position to be able to continue our strategic growth in a controlled and manageable manner.”
Network Mining Difficulty
The Bitcoin network difficulty increased 1% during the month of June, although corrected by -2% towards the end of the month, thus ending the month 1% lower than the beginning of the month. The Ethereum network difficulty, both increased and decreased by margins of approximately 4% during the month of June. Although the average difficulty was consistent with levels seen at the end of May. These factors impact our gross profit margins.
The last word from HIVE was about not only having the ability to survive the crypto winter, but having the possibility of acquisitions, or at the very least acquiring ASICS that other miners can no longer afford.
Core Scientific sold over 7000 BTC. They may not survive a prolonged crypto winter.
Crypto Miner Core Scientific Dumps $165M Bitcoin to 'Enhance Liquidity'
Miners selling their BTC...DUH...it happens during every Bitcoin cycle!!!
HIVE has been selling their ETH coins to fund INTEL Miner purchase.
HIVE is hodling their BTC to date.
HIVE did an ATM in anticipation of the Market downturn.
HIVE is one of , if not the most efficient Miners.
Bitcoin Miners Are Selling Their Bitcoin?!
Warning: Everyone is WRONG About When Bitcoin Bottom - This Will Happen Instead
Source: Crypto Crew University