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If folks want email Canoe send him this one
There it is...chinese miners need out and fast
Of course they are in the Negotiation part before definitive http://bitcointicker.co/
which?
Miners in China can't get investors now who would when the gov could crush it.
https://cointelegraph.com/news/chinas-miners-on-tenterhooks-as-exchanges-soon-shut
Exactly......their response is that the merger or agreement is working but not complete at the moment
just customary work being done takes a few weeks, then definitive, then close 2 to 4 weeks after....this is week 3 of customary work after an loi...update mid week this week
all this means is the companies are not merged yet and there is no agreement. SANP has to re work or get rid of convertible debt such that the share structure is set before Canoe can merge as they expect 35% of the O/S at that time and they don't want to own less than 35% with conversions hitting after the merge. This is what the SANP CEO is working on...
CANOE needs out of China badly, Chinese now saying they will create their own digital currency.
its cool that canoe servers are already in the USA
https://www.cryptocompare.com/mining/pools/canoe-mining-pool/
Canoe has had expansion plans to America all along. With China gearing up to have it's own digital currency it will crush mining of btc there. Smart pools will diversify.
Sticky as this all checks out
guess not many at all think so....even at 5k bitcoin and 150P its $70M per year
yeah most like to talk about the stock movement, but someone talk to me about what money can be made here mining bitcoin....lets go folks....lets hear what you have to say ehh
guys, someone argue with me on this board so all can read. what revenue can Canoe America do with a $27K bitcoin price and using their full 700P?
can anyone on this board argue otherwise? nope
which of course, they have 700P available and only run 150P today...so it could be $160M per month in rev and huge margins....like $2B per year rev rate by this winter...good with that?
cool, bitcoin $27k by Feb article...so that would translate to SANP doing about $40M per month in revenue.
Market cap fully merged here is $15M today
https://bitcoinist.com/bitcoin-price-hit-27k-february-investor-trace-mayer-thinks/
will see $1M buys soon IMO, literally all of todays trading in single buys...
Do you think li Ang is forming canoe America? He's only using 25% of his mining machines in China. He can deploy 75% in this merger and keep 25% in China or really do whatver stipulated
Nice news from 30 min ago
I know....they plan to deploy all and be the biggest singly owned mining pool. These other pools are multi owned.
If bitcoin goes to 25k and canoe gets to 4% of hashrate then yup.
As it is they are doing about 70m as a rate now. That alone worth 500m publicly traded.
Look up btc.top they began Dec 2016 and are now 10% hashrate. Canoe can do that with investment which seems due
Agree. Canoe won't be the only miner to leave China either. Some others may pool here. This li Ang seems top class smart
Canoe is being acquired by this ticker. Employees of either entity would not want to answer any question as they have no details. Usually a no comment is asked by company owners during a period like this.
very nice news next week coming
finally talk about Canoe and not uptick downtick lol PAGE 36 $36M miner (when bitcoin was $2300 in June) merging in here because they feel China will clamp down on mining there. So upward of $70M/year rev (large profit too) merger here.
Bitcoin to $25,000 and other miners in China will pool with SANP once Canoe is set up here as they fear China regulation.
Lifetime opp here thank the Chinese government
https://www.scribd.com/document/357980460/Cryptocurrency-Presentation-Autonomous
Soon to see $1m buys
They make $60m mining annually. Bitcoin rising. More miners will flee China and join here. Stick a value to it. First China mover here
Word is spreading in China that miners should leave to be safe li Ang and this ticker leading the way. Will be doing 7% here in 2018
you ain't kidding....7% BTC miner CEO says they are f((D
they are all going to have to pool with SANP to stay alive
https://www.techbang.com/posts/54210-field-work-of-chinese-coins-are-not-playing-used-web-site-emerged-on-a-large-number-of-mining-machine
Chinese miners warned to leave China now...Canoe is the first one....the others will be crying to merge in here soon enough
https://hacked.com/chinese-bitcoin-miners-feel-regulatory-heat/
Chinese fire drill
http://news.8btc.com/why-canoepool-supports-bitcoin-unlimited
profit taking whoops to teens sellers
5,000 uptick potential 22 down
SANP gonna take out SF based Bitfury
https://www.coindesk.com/think-bitcoin-small-business-bitfury-making-almost-100-million-annually/
Canoe Pool shall have the right to appoint up to three directors to the SANP Board of Directors, and will assist SANP “Canoe Pool America” in developing the American Bitcoin Mining Pool market and to accelerate the further development of the combined company's Bitcoin Mining Pool pipeline.
IPO $200M invested USA multi billion valuation
https://www.bloomberg.com/news/videos/2017-08-18/bitcoin-s-rally-proving-a-boon-for-china-video