Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
I was looking at bitcoin mining companies (hint: they arent doing well). I always thought publicly listed mining companies were trash, especially since none (?) of them return any money to investors through dividends or whatever.
Then I came accross Hive Blockchain. Holy moly, I calculate 100-150million in assets (coin, miners, etc), but its worth almost 500 million. But get this.
"Of these 21.5 MW, approximately 14.8 MW are comprised of legacy GPU cards (primarily AMD Radeon RX580 cards)" Someone correct me if i'm stupid with math, but that's like 120 000 RX580s. Apparently they have 3cents power, so all that 14.8MW makes about net 500$ profit a day.
They say their company is "undervalued"
If Bitcoin falls further, with difficulty increases, we might see a similar scenario play out with big bitcoin miners next year or something, or near halving if price doesnt go up. Maximum pain is still ahead of us I believe. That ain't a bad thing btw. Got to have a little rain to make a rainbow
Then I came accross Hive Blockchain. Holy moly, I calculate 100-150million in assets (coin, miners, etc), but its worth almost 500 million. But get this.
"Of these 21.5 MW, approximately 14.8 MW are comprised of legacy GPU cards (primarily AMD Radeon RX580 cards)" Someone correct me if i'm stupid with math, but that's like 120 000 RX580s. Apparently they have 3cents power, so all that 14.8MW makes about net 500$ profit a day.
They say their company is "undervalued"
If Bitcoin falls further, with difficulty increases, we might see a similar scenario play out with big bitcoin miners next year or something, or near halving if price doesnt go up. Maximum pain is still ahead of us I believe. That ain't a bad thing btw. Got to have a little rain to make a rainbow