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CryptoStar Corp V.CSTR

Alternate Symbol(s):  CSTXF

CryptoStar Corp. is a Canada-based self-mining cryptocurrency producer. The Company and its subsidiaries operate in the distributed ledger technology space, utilizing specialized equipment (miners) to perform computationally intensive cryptographic operations to validate transactions on the Blockchain (mining), receiving digital currencies (primarily Bitcoin). The Company operates through three segments: self-mining, hosting and miner sales. The Company is the supplier of graphics processing unit (GPU) and Australian securities and investments commission (ASIC) miners & hosting solutions worldwide. The Company also provides equipment hosting services to customers worldwide, for which services the Company receives hosting fees, as well as sells miners to customers. The Company operates data centers in the United States and Canada. Its wholly owned subsidiaries include CryptoStar Holdings Inc., CryptoStar USA, Inc., and Neuro Digital Inc.


TSXV:CSTR - Post by User

Bullboard Posts
Comment by countalphamomoon Jan 23, 2020 2:27pm
50 Views
Post# 30590119

RE:RE:RE:RE:Will we get to load up at 2 cents?

RE:RE:RE:RE:Will we get to load up at 2 cents?Actually, the halving is definitely a good thing and the price of BTC will rise for sure. Every crypto-educated person knows that. The issue is, which miners are going to survive up to and through the halving so that they will benefit from the increase in price. I think between now and then there will be a few miners that will have to capitulate because they are either A) inefficient or B) mismanged or C) both. My fear is that CSTR is one of those three.

On the other hand, if they really have got new equipment that they have brought online then there's no reason why they couldn't be bought out by a more efficient miner when things get interesting close to the halving.

There's definitely potential here. It's just a question of if they will survive or if they have to sell to someone bigger at a discount.



zenith9 wrote: The problem is your expecting a repeat of before. These opportunities usually only come up once. So you're living in fairy land if you think it's going back to .255. The halving of btc is actually going to ruin profits for these companies. I don't know why people keep saying it's a good thing. I guess they're balls deep and need a way out.

Cryptobreak wrote: Go back reading what people were saying here about 9 months ago when the SP was about same as now. They were saying same thing you are blabing about just before bitcoin took off and CSTR SP rose all the way to $.255 in just over a month.. If you are waiting for half a penny you are sure to miss the last train. Next bull run wont stop at $14k




Bullboard Posts