It is about time ERHE comes back to life.
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Hey, I think we are getting closer to viewing things similar.
I agree, right now comparing INTV to MARA is like an NFL team to a high school squad.
However, the analysis still applies. My point is, INTV's market cap should be a reflection of they actual mining capabilities. They have approximately 1,500 miners being delivered in 2021. Once these are fully running, and reporting out hashing capabilities we will be better able to calculate a similar valuation based on hashing rates.
By the way, I own both mining companies (and several others) and am not taking a shot at either one. I am just pointing out that each company is at a different stage in their business cycle. MARA is already on Nasdaq. IMHO, for INTV to get to Nasdaq, one route to take is getting enough mining capacity operational to justify a higher share price without a RS. It will just take more time and I don't think that time is greater than a year. From an investment perspective, I would prefer INTV go the route of growth vs RS.
If INTV wants to do a RS to get the share price up instantly, they have that option. I am not convinced they need to do this or that they will.
INTV has already had their share price above $5/share and I think they can get there again without a RS.
Realistically speaking, INTV has done a good job of contracting for a large number of new miners and they have the electrical capacity to run these. Once they get all their new miners operating and reporting out over a quarterly period, they can then get a market cap evaluation similar to other larger miners in this space (RIOT, MARA, etc.).
MARA is currently sitting with a $3.96B market cap so with INTV at $80 million, I feel they are highly undervalued for their mining capacity scheduled to come on line over the next 6 months or so.
But, like I said, they have to prove to the market that they can bring all the contracted miners online and start showing their total hashing power in their releases.
If you want to run with the big dogs, you have to act like one.
We are getting there.
I'm not seeing it....
Facebook is green today and still up nearly $100 per share this year.
From an investment point of view, it looks like FB is killing it.
Keep up the good work!
Goldbuffalo,
Bitcoin has already had two hardforks to resolve some of the speed issues but no one started using the newly created crypto (Bitcoin Cash and Bitcoin Gold).
I don't know how they will convince people to use the newly created crypto's from the hard forks.
IMO, the $600 IRS provision is pretty much a non-issue. The government simply wants more information from any account valued at more that $600 to look for tax cheats.
I don't know about you but I think most people have a pretty similar goal.
How can I pay as little tax as possible (I should put in the caveat of "legally"). And, if I pay my taxes that I legally owe, everyone else should also.
I feel everyone should follow the tax rules laid out by our government or we should work on changing the rules appropriately.
I laugh all the time when people claim Bitcoin is going to go to zero when the government starts taxing gains..... Realy?
I have made hundreds and hundreds of percentage gains on my crypto's. I am more than happy to pay the taxes owed on my gains. The realistic alternative is try and cheat and live in fear for 7 years or more.... go to jail if caught... etc. Or don't make any gains.... hmmm? I think I would rather make tons of money and pay my fair share of taxes.
That all said, I am a strong proponent of keeping capital gains tax at 15% - 20% for assets held longer than a year. Seems pretty fair to me.
Let's say you invest $100,000 in crypto and it grows $1,000,000 to $1,100,000 in value. Cash it in and you owe $150,000 (at 15% in this example). Gee.... what a bummer. I started with $100,000 and now have $950,000 to spend after tax.
Agreed!!
IMHO, when BTC broke through $53k, it is more than likely headed to test the all time high during this run (with some minor pull backs). I am guessing before end of October, BTC will test $65k
Weren't there some people on this board a couple weeks back saying over and over that BTC was going below $30k and then $20k (with some saying going to zero..)?
It seems that when we are in a pull back part of the cycle, it is a sign of the "end of the world" as we know it (for them) but when it goes back up...... crickets!
Wow, some familiar names on this board. Just found this board today. Purchased my first Shiba several days ago on a whim. I like the concept and marketing being an option to DOGE (which I also own) and used in the NFT arena (lots of new demand coming out of this area).
Now we just need some krazy Billionaire to tweet about it, LOL!
Also agreed. It would be great to see some news. That was pretty good volume hitting at the end of the day. Hopefully, the price will be maintained and go higher from here.
As predicted, facebook back up today.
I guess the sky is not falling after all. LOL
Facebook back up. Tomorrow will be green again. Over reaction noted.
Checking back in. Isn't today supposed to be the "interesting" day since the rules changed Monday or Tuesday of this week?
Looks about the same. The world did not come to an end.....
ERHE still alive and kicking.
Well said!
As shareholders, we are overdue for an update. Are they getting anything accomplished?
Wow, humorous to watch people's reaction today.
Obviously, there are newbies who were screaming "the end of the world as we know it". They haven't been around to see China cry wolf for the 17th time. Yes, they have actively "banned" it multiple times and eventually change course and allowed it again.
Regardless of whether or when they allow it again, the reality is that we ALL live in a global economy. If China wants to continue to trade (buy or sell any goods internationally), they will either benefit from the more efficient crypto currency trading systems or loose both market share and price effeciency by utilizing something other.
Keep in mind, I fully expect ALL nations that currently have their own paper or FIAT currency, to eventually create their own digital or crypto currency. It is simply easier, faster and less costly of a network to run on a per transaction basis. They can then put all the controls they want on their own crypto. This is all fine and dandy in the grand scheme of things.
All that said, I also STRONGLY believe, boarderless crypto currencies such as Bitcoin, Litecoin, Etherium, Ripple, etc. etc. also all have a place in the global trade community.
The world will eventually get to a place where there is BALANCE on controls vs. annonimity for transactions. All governments want the same thing. Taxes and avoiding money laundering/fraud. They can accomplish both with crypto's. It is just a matter of putting controls/regulations in the right places. The US is already well on their way to doing that. That is why they regulate all the US exchanges and their reporting requirments to the FEDS..... boom, taxes! Mission accomplished. Now the US just needs to get smarter about understanding the open and public ledger of the block chain for all crypto currencies.
We will all eventually have tools in place to allow government agencies to track transactions on the open ledgers. This will solve the other delema of money laundering. It will just take time for this to develop more.
By the way, this is already happening, in case you were wondering. How do you think the US government was able to recover some of the HUGE ransomeware attacks on the large corporations this year.....
We are still in the infancy stages of crypto currencies (11 years old). It is still growing rapidly, getting accepted more broadly, being developed more fully. TONS of room for improvement, and I expect that to happen.
IMHO, $100K+ BTC still in play for 2021. If not, we are still following cyclicle patterns that we have seen before multiple times in Bitcoin. I, don't think this cycle's top has been put in yet. It is usually 1.5 years AFTER the halving which puts it at the end of 2021.
GLTA
Couple points of interest:
1. none of the other items are in question as to the 9/28 date. you are comparing these items and they are like comparing apples and zebras.... Nor, do I agree with many of these.
2. You are incorrect on your memory of my posts. Feel free to research my history. I have never even heard nor read the $1/share buyout you are pinning to my name. Keep in mind, I left this board many years ago and only stop back in on rare occassions.
3. The specific date of 9/28 was given by this other poster and I have no control over the date they specified. You seem to fall in line with their thinking. It is purely up to you to go along with this dated action and suffer the embarrassment if it doesn't come true, or not go along with this line of thinking.
At least I give them credit for going out on a limb with a date specified action.
This is kinda funny but I would like to know who is buying and how.....
It would be a major story if this got current and back off the grey's.
The OTC players would have a hay day with it.
Interesting. An actual 8K filed with the SEC. Final award for block 4 EEZ given this year to ERHC Energy.
Maybe this thing isn't dead after all....lol.
bold below is my emphasis
Item 8.01. Other Events
1.An arbitration holding in London, England, under the auspices of the International Chamber of Commerce, between a foreign multinational and ERHC Energy Inc. (together the “Parties”) has been concluded by the withdrawal of further claims and the entry of a final award (“Final Award”) by the sole arbitrator.
2.The arbitration concerned an assignment agreement (“Agreement”) and a deed of assignment (“Deed”) entered into on October 17, 2017, between the Parties.
3.The sole arbitrator had on August 15, 2018, rendered a partial award (“Partial Award”) which held that as of the date of the Agreement and Deed, ERHC Energy Inc. is and was the legal and beneficial owner of a 100% working interest in Block 4 of the Exclusive Economic Zone, offshore Sao Tome and Principe. The Partial Award also upheld the foreign multinational’s rights and interests by virtue of the Agreement and Deed as valid and enforceable.
4.The Partial Award was upheld by, and constituted into, the judgment of the High Court of Justice of England and Wales on January 4, 2019.
5.The Final Award, which has just been delivered in 2021, upheld the withdrawal of all other claims in the matter, made orders as to the sharing of costs between the Parties and ends the matter with finality.
I wish I could buy ERHE for that price.....lol.
Relatively short response.
Yes, they should remain profitable over time.
I run a mini mining operation similar to these companies. Given we now have a 10 year history showing the "cycles" for crypto currency valuations and these companies are the largest (public) players in the mining business, they will have the best chance of remaining profitable over time.
Besides my own mining operation, I also own 2 of the 5 you listed (plus several others) to diversify my holdings in the crypto space.
If you look at bitcoin by itself (also being the largest market cap of all the crypto's), there is a structured payout for mining through year 2140. At that point, the mining rewards will switch to fees instead of newly mined bitcoin. If you are 74 now (in 2021), you will need to live to 193 years old before the mining payouts of bitcoin convert to this undisclosed fee structure.
I guess you will still need to do your own risk/reward calculations there.
Good luck
Which "country" are you referring to? Crypto currency is global and not controlled by any one country (even though several want to control it...lol)
Even though the 'market' is pushing COIN down 4% today, coinbase is making a lot more money today than on usual trading days.
Remember how COIN makes their money!
Volatility is pure bonus for COIN.
Enjoy
Ok Lexux, I'll mark your post.... you predict BTC under $20k before Oct 1st (approx 3 weeks).
Now, you also mark this post.
I predict BTC above $50k before Oct 1st.
Let's see who is closer in three weeks time.
I would agree with this. Moving from one pool to another is next to irrelevant unless you are getting off a corrupt pool.
This should not move the price IMHO
Watch some news.... just confirmed on NBC news. Verizon network is the only operational network in New Orleans. All other power still down.
Don't let facts get in the way of your opinion though...LOL
I think you need to continue your 1,000's of hours of studying because you may not still understand the basics.
After a disaster such as this hurricane, the likely first available utility running will be cell towers. This makes cell phones and phone apps being the first available tools for transactions. Hence, any crypto exchange with a phone app will be up and running.
Good luck on your continued studies.
the same amount of credit card transactions, ATM transactions and cash for that matter.
Power out in the entire city and everyone locked down.
Ironcially, bitcoin transactions may be the ONLY transactions possible right now as they can go through cell service (using a phone app).
Well, well. When this get's digeted, it should be received well.
Looking through the filing today, here is the gem I picked out:
LOL.... I think they are now studying witch craft or something... too funny.
trunky, I think you have outdone yourself. Now bitcoin is like "witchcraft". LMAO! Just wow. There really are no words for you.
I'll say it again.... crypto currencies aren't for everyone. Some people think it takes 1,000's of hours to study in order to understand (well maybe for some, that is true). That's ok. There are plenty of investments in the world. Lot's of different technologies. You can even rid yourself of all technologies and go live off the grid.
Rather than hang around an informational board about bitcoin, why don't these people go plant a tree or something??????
Yes, that is an extra layer of security that a user can set up.
People have to start treating thier coinbase accounts like you would a bank account. If you are loose with security, you are vulnerable to other people getting your assets.
I have been on coinbase for a little over 4 years now. Their customer service was dismal and pathetic when I first joined. They also weren't insured back then.
They have matured alot and now have respectable customer service. Yes, there will always be exceptions and certain people will always try to take advantage of publicity for their own gain.
I have no problem with coinbase differentiating between a user credential loss/hacked/stolen issue compared to a coinbase company hack issue. Coinbase provides addequate security for those willing to use it. They allow for 2 factor authentication which prevents a simple password hack. They provide a "vault" feature which allows users to remove their crypto from the network with a 3 day hold period to bring it back on. This gives the option to prevent someone from getting into someones account that hasn't turned on 2FA, and they still would have 3 days before someone could transfer out assets from their "vault". By the way, as soon as someone requests access to the vault to begin the 3 day wait, a notification is also sent so a user has multiple ways to prevent theft.
I also will agree that due to the huge growth Coinbase has experienced with new accounts, customer service will likely always have room for improvement and revamping.
It is amazing how some refuse to even consider reality when it presents itself squarely to them.....
For years, some called this a "ponzi" scheme yet now banks are gearing up for the transition, wall street has accepted it and grabbed on, governments around the world are building regulations to work with it....
Yet.... "its going to zero" still seems to be their montra.
I am a bit surprised at how high the current bag holders are keeping this.
Not to worry though, Frank will be cashing in hundreds of millions of shares down to .000001. Just as he did last go around.
Do yourself a favor and look at the history.
According to the filings, Dickran increased ownership from 8%+ to 13.87% ownership. These filings are the shares acquired in 2020 at the price ranging from .0003 to .0009.
Currently holds nearly 400,000,000 shares.
This is pretty cool. Getting closer.
I wonder what will happen to the OTCQX (ARBKF). Will they convert over to the Nasdaq listing ticker? Hope so.
I also couldn't decipher if this is raising additional capital of $75,000.000 or are they converting this amount from either the ARBKF or the London shares.
Goldbuffalo - Total Credit for this call today before it happened.
Still going up.....
I think they are getting calls on their short sales...LMAO
55% of the top 100 world banks have exposure to Bitcoin...???? I wonder why?... but some around here keep claiming it's a ponzi scheme and will take 1,000's of hours to understand. I guess, currently 55% of the worlds top banks don't agree with them...LOL