The Graystone Company, Inc. (GYST)

[surfkast]

Bitcoin's mining difficulty set for largest single drop of 2022

"I actually think we're going to see potentially another drop because selling machines are not profitable at this price. A lot of S19J Pros are not profitable," said William Foxley, Compass Mining's media and strategy director.

https://www.theblock.co/post/191583/bitcoins-mining-difficulty-set-for-largest-single-drop-of-2022-next-week

Period	/day	/month	/year 
 Income	$6.34	$190.26	$2,283.16 
 Electricity	-$8.78	-$263.52	-$3,162.24 
 Profit	-$2.44	-$73.26	-$879.08 
 

Our Bitcoin Mining Operations

The Company’s current mining operation consists of approximately 4,800 Th/s in mining process power. This is made up by 2,100 TH/leased from SupplyBit (see below for description) and 27 S-19Proj (100TH) that are currently mining and hosted in Kentucky. The Company is also sub-hosting 25 units for 3rd parties.

The Company has acquired a total of 52 S19Proj (100 TH) units. Of these 52 units, 25 have been resold (as explained above in Sale of Bitcoin Mining Equipment). The remaining 27 units are mining for the Company and costs approximately $165-175 per month per unit.

https://www.otcmarkets.com/filing/html?id=16051599&guid=2aG-kKevTCFAB3h