Post by
farmboy123 on May 10, 2021 3:48pm
Hives time will come
This company has strong business fundamentals and is profiting about $1,000,000 every day. It's going onto Nasdaq in a month or two and will people will realize it's real value. I'm long and have been since 2017. Painful at times, fun at times but it's a first mover in a relatively new space. Things are lining up so a few bumps in the road are expected. Happy Monday
Comment by
farmboy123 on May 10, 2021 4:20pm
Another thing- Some of the wealthiest people in the world despise cryptocurrency. Don't underestimate their power in aytempting to derail the process of adoption, usage, etc. Regardless, cryptocurrency is here to stay. Hang on for the ride
Comment by
AlphaJ on May 10, 2021 4:39pm
And thats $450k/day in revenue. Not profits . Correct?
Comment by
AlphaJ on May 10, 2021 4:44pm
bc bitf is around 600k a day in revenue. And they are bigger then hive so I can't imagine hive having more revenue unless etheruen hits like $8-9k (around there) short term anyway, until July. Then eth will have to hit somewhere around 13-16k to match bitf.
Comment by
bullFire on May 10, 2021 5:18pm
Give him time to do some reddit copy and paste action
Comment by
RetireAt45 on May 10, 2021 6:46pm
LOL Bullfire...I mean Delta Dud responded to my first post about run rate in less than 5 minutes... yet he appears speechless when I ask for any apples to apples comparison with BITF... was that all I had to do to shut him up? just ask him a civilized rational intelligent question? I mean that never worked on him in the past... LOL 45
Comment by
NICKMAN on May 10, 2021 5:58pm
Hey Retire 45, seems a little low. If we do 1.8 bitcoin a day then that should be approximately $100,000/day. We were doing 22,000 ethereum a quarter=245/dayx$4,000= $980,000/day What am I missing? Thanks,
Comment by
AlphaJ on May 10, 2021 7:20pm
22k is what they reported q4 2020. Since then, the difficulty has doubled. They may be mining around 10k etherum per quarter now......
Comment by
farmboy123 on May 10, 2021 7:35pm
I did base the $1 millon on the same production numbers Nickman is using. Past ethereum production costs were around $140. If I'm incorrect looking at this let me know. Hive also collects fees which are a value plus. I guess we'll know current coin production at month end when the quarterly is out.
Comment by
AlphaJ on May 10, 2021 7:18pm
run rate is not a finacial term numbnuts. Revenue is. Don't act like your smart when you can't explain yourself correctly. 10.5 btc per day x 58k was their last update. Dont act like a jack@$$ bc I asked you simple question. You sound like a women giving attitude.
Comment by
bullFire on May 10, 2021 7:24pm
wow excellent analysis and explanation on BITFs financials.