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BFARF has a deal with HQ for below market electricity rates - critical to BTC mining success.
BFARF mines in northern conditions where for 6 months of the year there is no need to spend money on cooling your electronics.
Some useful info for folks that may not be experienced with BTC mining:
1 EH is roughly equivalent to 4000 btc per year or 1000 per quarter. The math gets fun- 8 EH is 8000 btc in a quarter. Multiply by 45k per coin and we are talking about some serious money.
"big boy investors"
Haha, yeah thats EXACTLY what you sound like! Too funny.
Love BFARF. But they got a lousy IH Board.
Hey Twist, what can't take a little constructive criticism? Take your 6th grade rah rah cheerleader posts to some microcrap s**tstock because your type of post is pretty much all they see on those boards.
If you want to assist in attracting new buyers or impress browsers you should drop the juvenile and silly cheerleading and actually post informative data. Which in this case is pretty much nothing but current and anticipated BTC production. All that empty and useless rah rah rah GO BFARF childishness actually turns off more people than it attracts.
BTC production is the ONLY reason to invest in BFARF. That info should be made easy to understand and should be front and center in every PR.
If you disagree please tell me how I am wrong.
Thank you, finally something useful posted here. The entire point of stock discussion boards is to share information, not cheerlead.
I don't understand why that had to be so hard. I also don't understand why BFARF would put out a PR that makes it literally impossible for a layperson to understand how much, if any, daily BTC production will increase. BTC production is the ONLY reason to invest in BFARF. That info should be front and center in every PR.
If you disagree please tell me how I am wrong.
"They were at 6 per day , then they just added some machines ...."
Jesus Christ this is like pulling teeth. Where can I verify the "6 per day" claim and HOW MUCH do the new machines increase this number? Do you know? Wouldn't you like to know? Help me out here.
Your unwillingness to just state the BTC per day rate is highly suspicious. You'd rather argue and insult than simply disclose.
Your twitter link says nothing about BTC per day. It says "3.0 EH/s by the end of 2021," What the hell does that mean? If they want the general public to understand why no tell us in "BTC per day" terms? How does 3.0 EH translate to BTC?
Get your DD from Twitter? You can't really be serious?!?!
Do some DD. Haha, in other words you don't have a clue. You just post cheerleader PR's one after another without any analysis. If you had confidence in this investment and really understood the company you would be happy to point to its accomplishments. Telling me to do some DD is the equivalent of "F**K off and don't question our glorious company". I am not actually questioning anything or suggesting anything. I just want to understand the true BTC production rate and literally NO ONE on this thread seems to know the answer.
Thank you Twister. I am not questioning your number but how would I go about confirming such a fact? Where did you get that info if you don't mind?
OK MADDSTACKER,
You seem to be hugely into BFARF, perhaps you can enlighten me as to how many BTC BFARF could produce before this recent PR and how many afterwards. It is a totally legit and useful question and should be easy to answer if you understand the techie talk in the PR. I don't understand it and I suspect almost no one else here does either. Help me out please.
Katloose posted: "Learn to read maybe. They literally did spell it out in the pr"
Come on Katloose, time to man up and back up your claim.
Here is the link to the PR found on Yahoo Finance:
https://finance.yahoo.com/news/bitfarms-announces-purchase-agreement-48-120000570.html
Maybe I am missing it but where does it refer to Bitcoins per day?
So help me out and quote that part please. I have read and re-read and find no reference in the PR to such a number.
OK, for us non-techies please spell it out. How many Bitcoin per day does BFARF have the capacity to produce? You'd think this rather critical number would actually be announced in the PR.
ISWH is a PR machine. They are issuing too many which hurts credibility. Anyone on this thread actually know the quantity of Bitcoin they were able to mine before this PR and what the post acquisition Bitcoin rate is? That's all anyone really cares about and it is not mentioned anywhere in the PR.
Folks should check out QNT. It is the ONLY project that has achieved universal DLT interoperability at scale. Connecting all blockchains or DAGs, but also existing database, CRM systems and IoT devices without the need to run additional consensus, nodes or open up Enterprise networks.
QNT seeks to be to DeFi what the Mac interface is to Apple. Or what Windows is to Microsoft. If they pull it off the rewards will be absolutely stupendous. So far it looks very promising.
Been a long tough slog but things are looking steadily brighter at VHC. They have the cash to whether any future storms at this point.
Apple paid $454 million to little ole VHC today! Long time coming but she finally crossed the finish line. Even more than that likely to come in about 6 months or sooner in Apple 4 case.
March 16 is “money day”. Apple has previously agreed to pay by that date if cert was denied. Can’t wait.
Supreme Court denies cert to Apple today. Game over as to Apple 3. Big bucks headed to VHC coffers and Apple has no more cards to play. Naturally it had to happen on a terrible market day with a worldwide pandemic looming. Typical Virnetx luck.
Virnetx is now all but guaranteed to receive a check from Apple somewhere north of $400,000,000 in the next few months. Strangely quiet here under the circumstances. I guess not many people understand the significance of the "Mandate" that issued today. Not sure that it has ever happened to Apple before. The icing on the cake is the high likelihood of an even larger payment coming next year resulting from Apple 4. Talk about an undervalued stock!?!?
The mandate has dropped. It is a virtual certainty now that Apple will be writing a HUGE check to Virnetx sometime in the next few months. Ain't no way the SC would grant cert to this case so this baby is all but over.
Apple 4 case likely to also be Rule 36'd in the near future and that will be another GIGANTIC check coming to VHC. Good times coming.
Nothing but good news came out today. The CAFC decisions announced today essentially guarantee a HUGE payday for VHC before years end. Apple's only hope, and it is an exceedingly thin hope, is for the Supreme Court to take up the matter. Unfortunately for Apple, this case doesn't come even remotely close to meeting any of the criteria that would attract their attention.
The perverse trading is, IMHO, simply a reflection of the inability of the market to accurately interpret the complex legal maneuvering. Or perhaps it reflects Apple's ability to manipulate the stock any time they choose to do so. Hard to know the real root of the problem. One thing I DO know is that VHC gets a check from Apple later this year somewhere in the area of $450,000,000. That will fund all the litigation needed to convince any diehard infringers to pay up.
Wall Street beginning to recognize the potential. Solid upward movement.
Breakout. 52 week high today!
A buyout would have been a much smarter option for Apple a few years ago before VHC started winning all the appellate decisions. VHC has adopted a "poison pill" rule so a hostile takeover would not be possible. Given the decade long legal battle and the enmity between the two companies I think a buyout might not be doable.
Made some good money here recently. This one's a keeper. They are in the right market at just the right time. Based on the valuations of other hemp/CBD related companies TURV is still waaaayyyy undervalued.
Court of Appeals for the Federal Circuit delivered a solid dose of clarity today. VHC's appeal of the PTAB invalidation of certain critical patent elements has been reversed and sent back to the PTAB for further review.
If you read through today's opinion on the Mangrove IPRs - the '135 and the '151 patents - you will see for certain those patents will live on. IPHawk has shared his expertise pointing out that the PTAB grossly abused their BRI interpretation by ignoring clear an unambiguous disclaimers. Once the PTAB applies the CAFC guidance on remand, their rejections will fail.
This means Apple without question will become a court-determined willful infringer of another's patents.
Apple will soon lose their money arguments. How do we know? Again, that was signaled by the Rule 36. However, it was reinforced in subsequent CAFC opinions such as Sprint v Time Warner.
Keep in mind, Apple did NOT dispute the $1.21 at all...Bill Lee made that statement at the oral argument. Apple instead argued the agreements that VHC used to establish the $1.21 were flawed. Per the previous paragraph, subsequent opinions let us know that Apple loses that argument.
The only thing Apple had left to cling onto was the potential patent invalidation. As of today, we know for certain that's not happening.
Therefore, do we see Apple do something they have never done before? To my knowledge, Apple has never been mandated an infringing party of another's patents and even worse, willfully doing so. The wheels must be spinning faster at 1 Infinite Loop...
Apple fans have an opportunity to make a killing by investing in one of their adversaries.
A recent Dallas Morning News editorial blamed so-called patent trolls for Apple closing two stores in Plano and Frisco. My law firm represents several of the businesses described as "opportunistic companies" that "exploit the courts and our patent law." In fact, Apple is the opportunistic company.
Apple has lost multiple trials in the U.S. District Court for the Eastern District of Texas, including some cases won by my law firm, Caldwell Cassady & Curry. Our verdicts against Apple include $533 million (2015), $625 million (2016), $302 million (2016), $22 million (2016) and $502 million (2018).
In three of these trials, we represented Nevada-based VirnetX Inc. in cases involving the technology that enables the popular FaceTime feature to work on Apple's iPhones and other company products. VirtnetX, a publicly traded company, owns a valuable patent portfolio that covers secure communications technology, and its patented ideas originated with a group of inventors from Science Applications International Corp., the respected defense contractor and technology supplier.
One of the main inventors of VirnetX's patented technology is a former chief system architect and assistant vice president at SAIC. Another holds a Ph.D. in electrical engineering and previously worked as assistant vice president and division manager at SAIC.
The reason Apple was sued is because the company has never licensed VirnetX's technology. Instead, Apple has used its vast resources to drag VirnetX through trial after trial and appeal after appeal. Despite having had multiple opportunities, Apple has never won at trial against VirnetX because it has never been able to muster a defense that jurors found credible.
In 2013, Apple modified FaceTime to avoid infringing VirnetX's patents. This redesign was so expensive that it was abandoned after only three months, and Apple again modified FaceTime to resume infringing VirnetX's patents. Meanwhile, Apple misrepresented this fact in litigation and claimed that it was continuing to use its expensive redesign. After the truth was uncovered, a Federal District Court judge found that Apple had tried to conceal its infringement. But to this day — after nearly a decade in court — Apple has never paid VirnetX one penny for using its technology.
Who is really the "opportunistic company" here? Apple has made more than a trillion dollars selling products that rely on VirnetX's technology. Even if it did not originally intend to infringe VirnetX's patents, Apple certainly made a cold calculation to resume its infringement after its redesign failed —knowing that it would take VirnetX years to get any relief in court.
And who is really "exploiting" the courts? For one, it's entirely prudent to file cases in a proper legal venue such as the Eastern District, where the judges are very experienced in patent law and adept at identifying and managing any cases that are not brought with good reason. It's also important to note that, at any point in time, Apple could have decided to take responsibility and license VirnetX's technology on fair terms. Instead, it has engaged in litigation misconduct while trying to string out the proceedings to avoid paying anything.
If Apple officials want to move out of Frisco, that is their prerogative. But let's not pretend that Apple is a victim.
"Solarity, I'm just surprised more players haven't shown up here"
This a very unusual stock in that you practically have to have both a law degree and some serious IT understanding in order to really evaluate the product and the status of the patent litigation. Just not that many investors willing to put in the effort to get educated. Those that do have an excellent chance of being seriously rewarded.
Do you like the smell of money? If you do then I think you’re in the right place.
Only about 440 million reasons this should be going up. Apple's surrogates will, as always, be doing their best to bring it back down. But some big big money is coming VHC's way and they won't be able to keep the lid on the bottle forever.
Patience grasshopper, for those who persevere will be rewarded.
Not my comment but an excellent summary of recent developments by an astute observer of VHC.
"For Apple, a settlement enables negotiation, while it still has some semblance of leverage, of a one time payment granting a worldwide, pre-paid license to VHC's patents booked as an extraordinary item.
If Apple chooses not to settle, it will pay (via Apple 4) a court mandated $1.20 per unit ongoing cash payment on US iPhone revenues; that will fall to the COGS line, and a reduction in gross margin will have a much, much greater impact on Apple's market cap than a discounted aggregation of that payment stream booked as a one time extraordinary item.
If Apple chooses not to settle, the company will certainly use Apple's initial Apple 3 payment to fund litigation against Apple in Europe (Germany), Japan, etc. for patent infringement. Some of those markets issue injunctions first and ask questions later.
If Apple, per your suggestion, waits until Apple 4 is Rule 36'd to phone Zephyr Cove, VirnetX has every incentive to flash the big middle finger and take the actions above. Apple has more leverage today than it will after Apple 3 is denied en banc, when it will have more leverage than it will after Apple 4 is heard, when it will have more leverage than it will when writ is denied or Apple 4 is Rule 36d (which ever comes first), etc. You may think the IPR's remain a factor, for all the reasons discussed ad nauseum on this board over the last couple of weeks, I don't, and I doubt that Apple does either.
As for other infringers, if they don't settle on reasonable terms, VHC will sue for willful infringement. Validity will be established, infringement will be obvious, and damages will certainly include a step up for willfulness.
The infringers, including Apple, played a much longer game than they could have wished for initially. They lost. It's over. Time to pay up."
The Rule 36 affirmation by the CAFC pretty much ends the "Apple 3" litigation. Also ends the "Apple 4" litigation as the appellate issues are identical in both cases. The so-called "race to finality" between the PTAB and the Circuit Court is going to be won by the Circuit Court and all the IPR and reexams will be tossed. The result is that Apple is going to transfer a shipload of cash to VHC sometime in the next 6 to 9 months.
This CAFC decision should mark the beginning of serious licensing income for VHC given that the endless litigation and uncertainty associated with it is now gone. This uncertainty has kept potential licensees on the sidelines waiting to see if VHC actually had a patentable product. The courts confirmation that $1.20 per iPhone is a fair and reasonable royalty is just freakin enormous.
All 3 of the judges on the CAFC panel expressed considerable frustration and concern with the way the PTAB handled this case and they will undoubtedly remand the IPR's and reexams back for additional hearings or kill them entirely. Either way VHC wins.
Apple has fought this battle with ferocity but the times are changing. All the recent trend indicators seem to be moving in Virnetx's favor. Might take another year but VHC is increasingly likely to win out in the end.