Search results

Totally understand, and I also love the smooth equity curve. But I just figured that if the algo is doing the trading and I wasn't personally having to place the trades, a slightly less smooth curve but higher yielding profit would be nicer to look at at the end of the week. Yield vs. growth...

Its a sign from the trading gods! Maybe you should forget the consistent daily green closes for the account, and focus more on riding a wining trade. I mean if you finish +$20, +20, +20, each day, is this not worse than $100, -$50, +$100, etc.... overall? But don't listen to me, I don't know...

Regarding this point, you're not wrong, but I'm sure its the green energy problem. Their power generation isn't consistent while usage can spike greatly given the weather. So yes, perhaps the fault lies with the power companies and lack of infrastructure, but its not the miner being greedy...

When you see the power spike over 10x though, wouldn't you think the price is the price? I mean its like complaining GME or AMC isn't worth what it is while the price skyrockets. You never argue with the price! I figure if the price spikes up 10x for power, and someone is willing to use it...

Exactly right. Destriero is suggesting that Riot increase the contracts simply to extract more money, but the truth is, Riot wants to be mining. They clearly don't have 4 times the machines, so no way could they expand their operation 4x and hence collect 4x the rebate. They just want to be...

Thank-you. I haven't studied this enough, nor do I know the details of the contract. I'm sure both sides have done a cost/benefit analysis. At some point on a curve, I'm sure a shutdown is advantageous to both sides. I look at this as no different than a trading strategy. At some point, you...

Let's be real. Texas apparently uses lots of renewable energy. If the wind isn't blowing or the sun isn't shining, where does this energy come from? There is no way a regulator could require a utility to be able to cover absolute peak demand. Its just like a bank. Do you expect them to have...

That is exactly right! I'm not expert either, but from the information I have seen, a bitcoin miner is the best type of customer for a power company.

Think of it like this. On a really hot day, everyone turns on their AC. The power grid is buckling under all that demand. When too much demand is put on the system, lots of bad things can happen from fires to blackouts for entire neighborhoods. They can ask all the customers nicely to reduce...

Deeply profound. I will need time to come up with a rebuttal to your thorough and well argued position

How is it extortion when I'm sure all the variables are in the contract?

If they are paying Riot to stay idle, then clearly it's in the contract and a hot summer without enough green energy generation is the cause. But who is to blame? The fact remains that having a customer who is flexible is a huge benefit to the grid. If the power company didn't write up...

Enron specifically told some power plants to shut down in order to artificially boost the price. In the case of miners, they simply get told by the power company when to shut down because the power company sees this as the least costly option and most viable in order to keep the power running...

The entire world works on incentives. All you supposedly smart traders on this forum should know all about arbitrage and looking for inefficiencies and all that other crap. So if the power company can find someone who can drastically cut their usage in seconds why wouldn't this be a good...

You are out of your league here. If you don't know anything about balancing the power grid, why don't you look it up first before pretending to know everything. It isn't that easy to come up with extra power when there isn't any around and traditional power plants take hours to spin up if they...

I just don't understand what you critics of this arrangement are missing. The power grid needs to be stable. It can't turn on and off like a light switch since the loads need to be balanced. The best type of customer who is one who uses lots of power, but can shut down at a moment's notice...

I spent a few minutes going through his posting history and I didn't come across any posts that would lead me to believe he is trading profitably. Associating oneself with Jack Hershey is not what I would call successful! LOL... I can see he loves to tell people off, so perhaps he comes to...

I bet that the biggest problem here is figuring out what to move it to. Will people really trust the Chinese Yuan? Even if its supposedly backed by gold? Is another country in any way capable of providing all the liquidity necessary? Wouldn't another country's currency pose the same problem...

No need to hide this in PM... I think he is talking about me. :D

I'm old enough to understand what it means to say a bunch of words but not actually say anything. You made a strong suggestion that LF is wrong in his analysis and way of thinking, but you don't offer anything better in return. So your opinion, without any backing, is worth fuck all...