Santo Mining Corp (SANP)

[Toasterbangbang]

The Bright future of SANP

Some brief internet research suggests that 911 is a fabled MM signal which means "news incoming".. which is obvious for anyone who has been watching this stock for longer than a week... The OTC update will be huge and I think everyone is hoping they just buy shares versus a reverse split. This isn't my area of expertise but I can see this is the only crypto play that has a legitimate asian connection. Important because Asia is the abyss from which all bitcoins spew.

My initial feelings regarding this stock have born out well. Im in this since Canoe pool merger news so I don't carry the emotional baggage of podweks or cigars or wine. I think that someone said that some people execute deals and others manage and I think that is what we have with Mr. Y. Pretty awesome move completely out of nowhere which is straight out of "Art of the deal".

On the fundamentals I see that cryptocurrency mining is affected by 4 things, cost of equipment, cost of electricity and cost of regulation and price of Bitcoin. Most of which is in ASAMAs favor

Price of equipment is easy because if you are in Asia and buying in bulk I'm sure you get a great deal.

Lets take it at face value that ASAMA has 5k machines which are Antminer S9s which means they currently have 70000 T/H and at a vietnam price of 8 cents a kwh would be clearing 1.19 million dollars a month. Running that many miners is no small task but is completely manageable and still maintain a profitable overhead.

Recently other ASIC miners have been developed for other mining protocols like ethash (etherium), equihash (every other alt coin) and cryptoknight (monero) so I wouldn't be surprised if they have a diversified portfolio of ASIC miners and are involved in proof of stake currencies as well.


Veitnam appears to be at the same crossroads to crypto regulation as many other adian countried with crypto regulation, though I suspect it's more related to adoption versus mining, currently Bitcoin is a non taxable asset and it's illegal to pay for things with crypto but that will change soon.

It's my belief that mining operations will move stateside due to the relative stability of the regulatory environment and security. But maybe not, perhaps it's more profitable to have the investment be stateside and the mining be international like other industries..

With the NYSE considering not only creating a futures market but an actual Bitcoin exchange we are still way ahead on general investor acceptance of Bitcoin, it's current price of 9k is a new floor and will be 20k by the end of the year or even more should the NYSE create it's own exchange and bring Bitcoin investment out of the dark. If you mine Bitcoin you sort of don't care about price all too much because even at lower prices you still make money. It's unlikely for Bitcoin to fall below the price mining operations are willing to sell it at but thats the market forces affecting most commodities, most people see a bullish future in fintech and crypto.

All in all, While ASAMA won't be the last investable mining farm it certainly is the first.

Which in crypto terms means "moon soon then lambo".

GLTA $SANP

Bitcoin mining Calculator

NYSE Bitcoin exchange

Vietnam Crypto Regulations