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Was able to pick up an additional 110 shares on the cheap, trying to make the most, out of a bad situation
Volatility is what crypto is all about. Extreme spikes go both ways. In a couple weeks all be in the green again, patience is all you need just Stop watching the market.
Like I posted before. The mining data center is going to be next to the power plant. 1st in line to receive power. The power house would have to shut down, in order for power to be disrupted. Politically is a different matter. I for one don't like the politics going on right now in the US. Not a damn thing I can do about it, but the same applies to Argentina. No matter who is in control of the country BFARF should benefit. The only condition being is that it be stable. An upcoming election is a sign of stability. No army general is seizing power. Corrupt politician probably, just like the good ole US of A.
Can you post the link to your quote? Trying to understand everything in the quote.
Only time will tell. Growth in Argentina is happening, in a lot of sectors. With the data center located right next to the power plant, it's looking mighty enticing. As far as the government is concerned, who knows. More stable than some countries, less than others. But it is a good place to send all of the old equipment to. On top of everything though is the savings in mining, $3,375 saved on every BTC mined. 7.5 BTC X $3,375 = $25,312 PER DAY.
That is just a projection. More or less BTC could be mined there. The savings on just 1 BTC mined is still a lot of $$$
With more mining machines being put into production the difficulty will increase. With it the electricity cost. Savings will only get increased.
Post #528, from yesterday, gives a more detailed description of the Argentina deal. Since it is a 3rd world nation this part I highlighted is very important.
The proposed new mining facility is in very close proximity to the utility, and, as such, the electricity contract does not involve any interconnection with the local power grid, which has the advantage that electricity cannot be curtailed during times of unusually high usage. This means that our miners can be operated with maximum efficiency and output, regardless of conditions applicable to the local power grid.
As a basis of comparison, we previously reported the break-even cost to mine a Bitcoin during the fourth quarter of 2020 was approximately US$7,500 in Québec. If the new Argentina facility was operating during the same period, we estimate the break-even cost to mine the same Bitcoin would have been US$4,125, a 45% savings as compared to Québec
$0.022 per kWh for the electricity for the first four years.
Doesn't that say it all, you can't get a cheaper electricity price anywhere in the world. The government is a federal system set up in "94 like our own, here in the US. I don't see a problem.
Especially since BFARF plans on sending all of the older mining machines there
You could buy 100 shares of Bitfarms instead. Or any other miner, not on the Nasdaq already.
I'm trying to send my broker more $$$. At least enough to buy 100 more shares on the cheap. This can't keep going like this.
Has to be a Tute. Not a HF
Who, would have 4m to sell. Which Tute, Which ever one it is, has to also be feeling some pain.
I hope you are able to ask him, and that you receive back a reasonable answer. Let me know in another post if you get an answer.
1/4 of all ARGO stock. That's a large dump. I can only hope it's over with.
Shorts are GREEDY
Hut 8 Finalizes Key Power Purchase Agreement through Partnership with Validus Power Corp.
https://ca.finance.yahoo.com/news/hut-8-finalizes-key-power-103000908.html
I am thinking this week will hopefully be a good one. Better than last week. Futures expire next Friday. So next week not so good
Bitfarms Announces Deal for 210 Megawatt Bitcoin Mining Data Centre at US$0.022/kWh
https://ca.finance.yahoo.com/news/bitfarms-announces-deal-210-megawatt-110000603.html
They have their own wallet. That"s why the talk about verifying coins. I think the wallet and now a Pi browser were just released. Probably why there are a few problems with it. I have earned 6 Pi so far, put them in the new wallet.
IMHO, the last update was just trying to keep investors hyped. Not a bad thing, but nothing substantial came from it.
Talking about Bitfarm not Hut8
Bad management, poorly run company, prior 40 for 1 R/S, shareholders forgotten about. FAMILY RUN . By 2 brothers with the appearance of running the business out of their mom's basement.
Also being investigated by the Ontario Securities Commission.
Criminals possibly, we will see.
I haven't seen anything either. "finalizing for submission our SEC Form 40-F " is all talk. Action might be coming, but it is long overdue.
Nothing in there about filing a F-10. Which they are going to have to file because of the $250,000,000 prospectus. Filed on 3/12
I didn't go through any verification process. I did submit my ph. # but that is all.
Right now you can't even trade it. Looks like it's just in the beginning stages, very early. Doesn't cost anything to mine it. Like BTC it halves, the more miners come onboard. You do need to use Cashcowmoo's login. I don't think he gets much for it. Then you can do the same as him. Doesn't cost anything, maybe in 5-10 years might be worth something.
Both Hut and Bitfarms are getting very close. Neither one trying to up list onto the Asian market, what a joke. When I heard Frank say that, is when I sold my Hive shares. Knowing he had no idea about what he was doing to all of the share holders. I will buy back in, because he realized how stupid he was and now wants on the Nasdaq. But, I will wait until Hive gets closer. Maybe in a month or so.
Started mining Pi today
A bit of insomnia for you, I believe. I agree that Hut is not on the back burner. I've been hearing, (word on the grapevine) that up listing to the Nasdaq is now taking 4 months, instead of 4-6 weeks. I would think the Chinese Flu is our reason for the delay. GLTA
You must mean the 6K-A which had the change of CFO on it. Yeah, I'm glad that it wasn't forgotten about. Won't be a problem because of the change.
Yes I do. By anywhere from 2 days to 2 weeks, depending on what you look at on EDGAR. 2 day difference with the base shelf prospectus, 2 week difference with filing annual reports.Hut being ahead on both.
Lot's of good info on it here.
https://capital.com/pi-network-pi-coin-price-prediction-2021-2025
No, not yet, thinking about it. I see right now the price is .007 with a high around .025. So maybe getting in on the ground floor. My problem is though. I see it says 0 in circulation. Is there a reason why none are in circulation. Guess I've got to dig a little deeper. Let me know whatever you might find out about it.
Any news on Pi coin? Is it worth the time to mine the coin, or is it an experiment by Stanford U.
I think that the more we know, the better off all of us are.
Yeah, it's that basic. That's what the Hedge Funds do, to retail investors.
Bitfarms Announces Hashrate Growth, Bitcoin
Inventory and Stock Market Listing Updates
we are now finalizing for submission our SEC Form 40-F
https://bitfarms.com/app/uploads/2021/04/2021-04-16__PR-FINAL.pdf
Link to register to watch an interview with Jaime Leverton for free:
https://uncommonsenseinvestor.com/crypto-show-2021/
You have to register to watch it on Wed. 4/21
After the F-40 is posted up listing will be happening. It will still be a few weeks before SP reaches RIOT, and MARA levels, but in a couple months all of this nonsense, with Hut, will be forgotten about.
I don't know what you mean by "application". All I can say is we are awaiting 1 last form to show on EDGAR the F-40,and up listing will happen, very soon thereafter.
I am not selling any of my miners because of the shorts. They are working hard at driving investors away from all the crypto stocks. Even RIOT and MARA have been hit hard.
What do you think about the Sue Ennis interview posted. I really liked everything she said. When BTC goes higher I think is when the share buyback and dividends will occur. I am not selling for a very long time.
Just created member , only post, to talk trash about Hut. So who is this really? Don't be afraid the NET-POLICE will never find you. C'mon tell us who you really are!