Replies to post #761 on Hut 8 Corporation (HUT)

[PAC]

No idea. I don't have crypto acct

[77Port]

No need to choose. I own both HUT8 and HIVE. Hive has always focused on Ethereum. To be fair, HUT8 has also given notice they are going to start mining ethereum, too. HUT8 also made a smart move when it bought a pile of bitcoin a while back. That pile has paid off for their SP.

Hut8 may be seeing the beginning of a good run. HiVE really hasn't started yet, but it will happen as it just put out outstanding earnings. Both of these Canadian miners have managed the roller-coaster well and are beginning to make a consistent profit. Another 6 quarters of profit and these companies will be seen by the analysts who are the gatekeepers for the institutions.

[hobowilly]

Cardano cannot be mined. Litecoin can.

At this point Bitcoin seems to be the only coin worth mining. Mining altcoins on a large scale is very risky and at this point will not attract investors.

A good example is $HIVE. Their dumb short-sighted CEO chose to mine primarily ETHEREUM which has turned out to be a huge mistake. $HIVE is trying to play catch-up now by trying to buy Bit Miners but they have a long way to go and who knows what's going to happen tomorrow let alone next year when $HIVE will only start taking delivery. And that depends of a fully functioning supply chain out of China.

There are many altcoins worth investing in but not on the scale of the current Bitcoin mining effort.

All in IMHO of course.

Bottom line is ALL altcoins are at the mercy of the price of Bitcoin.
Even Bitcoin miners aren't safe. $BTC is up 8% in 24hr and crossed into $50k territory and where is $HUT? Down 2.5%. Go figure.