Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining plc is a United Kingdom-based senior gold producer with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. The Company has a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. It operates mines that include Hounde Mine, Ity Mine, Mana Mine and Sabodala-Massawa Mine. The Hounde Mine is located approximately 250 kilometers (kms) southwest of Ouagadougou, the capital city of Burkina Faso. The Hounde Mine is owned by the Company (90%) and Government of Burkina Faso (10%). It owns approximately 85% of Ity Mine, which is located 480 kms northwest of Abidjan in southern Cote d'Ivoire. The Mana Mine is located approximately 200 kms west of Ouagadougou, the capital of Burkina Faso. The Sabodala-Massawa Mine is approximately 640 kms southeast of Dakar, the capital of Senegal. It owns approximately 80% of the Lafigue project. Its other projects include Kalana, Bantou and Nabanga.


TSX:EDV - Post by User

Comment by RONNIE111on Feb 17, 2021 2:56am
131 Views
Post# 32581964

RE:RE:RE:RE:Bitcoin

RE:RE:RE:RE:BitcoinLooks like Bitcoin is this weeks , or perhaps months, big thing.  For a couple weeks it was that Gamesomething.
  I had some time so this is what I found.
For Bitcoin it seems to take 50,000 kwh to make one coin.  I have no idea how accurate the person who figured this is. He sounded smart.  In a low electricty cost place that would be $5,000 worth of electricty.  Everyone agreed that most are made in China, between 60 to 80%.  About 900 are mined a day in China, it seems (the numbers are less than reliable) so that means Chinese miners are selling about $45 million worth to mostly western countries a day.  $1.35 billion  a month.  Not real big money.  Makes sense that China would be making these things,they make most everything that western countries consume these days, and they would be very happy with the margin, costs being, at today's price, only 10% of sales.  Way better margin than running a factory making gadgets I would think.  

And some parts of China , like where lots of the Bitcoins are mined have a surplus of green electricty so maybe the carbon thing isn't so bad.  Looks like just another way for money to flow from dumb westerners to smart Asians.  

A single transaction with Bitcoin , I guess buying or selling, uses 640 kwh.  In our cheap electricty place that would be $64.  And if that electricty is produced dirty: coal or 'natural' gas, then the amount of C02 produced would be equivalent to 670,000 visa transactions.  

Sounds like China is clamping down on miners, which is perhaps why Bitcoins are scarce.  
<< Previous
Bullboard Posts
Next >>