Ideas For Now-

OH VAN NAILED IT!!!

Cannabis Supply Distributor Hydrofarm Files for $100 Million NASDAQ IPO<---- When any day!
November 12, 2020 at 6:03 pm
Breaking Newsby Alan Brochstein, CFA


California-based cannabis supply distributorHydrofarmhas filed a preliminary prospectus for up to a $100 million IPO. The company intends to list on the NASDAQ with the trading symbol HYFM. Named underwriters include J.P. Morgan, Stifel, Deutsche Bank Securities, Truist Securities and William Blair.<-- High class!

Hydrofarm operates across Canada and the U.S., serving over 2000 wholesale customers with 2 Canadian and 6 American distribution centers. It sells a range of products that include lighting, cultivation equipment, grow media, nutrients and supplies. The vast majority of its customers are specialty hydroponic retailers.

In the first three quarters of 2020, the company increased its revenue 40% to $254.8 million compared to the first three quarters of 2019, with about 83% of revenue generated in the U.S. Gross margin during the first three quarters was 18.7%, and the company reported an operating profit of $10.7 million.

The company is led by CEO Bill Toler, who was named to the position in 2019 after retiring as CEO of Hostess Brands in 2018. President Terence Fitch, who also joined the company in 2019, worked in a variety of roles at Coca Cola from 1994 before leaving in 2013 to launch a function beverage startup, where he served as CEO. CFO B. John Lindeman joined in March, serving previously as CFO of publicly traded avocado grower Calavo.

Holy crap VAN CEO of Hostess!!! YES PLEASE!!!
 
Hummmmmm-

The company intends to repay a term loan facility that matures in 2022 and bears interest of LIBOR plus 850 basis points and another credit facility that matures in 2022 as well. As of September 30th, the company had $113 million in long-term debt and cash in excess of $32 million.
 
-Hydrofarm's IPO plan has entered the homestretch, with the company setting out its terms. The company plans to sell 8.7 million shares and has given a pricing range of $14–$16. The IPO underwriters have the option to sell 1.3 million additional shares if theIPO stockis oversubscribed.

-week of Dec. 7. NEXT WEEK!!!!
 
johnarb said:
I would not suggest mining bitcoin now, Van. The bitcoin mining difficulty is ridiculously high because the bitcoin network hash is very high which keeps going higher as more bitcoin miners join because the bitcoin price is very high. It's a perpetual self-feeding loop.

If the bitcoin price goes down 90% in a short time, then the bitcoin mining difficulty will go down because the value of the bitcoin rewards to the miners have fallen by 90% which means the $ cost of mining will be higher than the $ cost of maintaining your mining operations (mostly electricity, but if for bigger farms, maybe some employee costs land/rental costs, etc).

So, as a bitcoin miner, you're doomed as the price goes up, and you're doomed if the price goes down.

I was bitcoin mining in 2013/14, and it's not quite plug in and leave it. We had 2 S1 miners, each one produced 450 Million hashes per second out of the box from Bitmain's factory, but if you went on reddit/bitcointalk you can tweak and overclock them. You have to get fan rigs from ebay that custom fit over the many ASIC chips, but you have to take the hardware apart, it's very easy but if you make a mistake like dropping stuff in a bath tub full of water, you just lost a miner that cost you 1.9 btc (yea, that stupid thing cost that much, lol, but don't worry it equated to less than $1500 as bitcoin was much lower in price, can't remember exact numbers since I bought 1 first then bought the 2nd one after a month or something). So, back to overclocking, you can easily get 500M hashes per second after overclocking. Some posts talked about undervolting the chips to save on electricity costs but it's more of an art than science, can't remember much but I think replacing capacitors and using lead pencils, but all of these require meticulous testing or if you're lazy like me and eager to be always mining every minute, you just tweaked a couple of times and leave the miners mining 24/7

Brings back lots of memories, lol. We're not done, you have to constantly monitor the hashrates of your setup on the bitcoin pool's dashboard for your account that list the miners, sometimes a miner will crash and you have to reboot it, or the hash rate drops so low and you don't know why. Then there's the heat. Boy oh boy, is there a lot of heat. It's great in the winter, but in the summer, you have to buy huge fans from Walmart and open up the windows to try to push all that heat out. Wife was a great sport, lol, but we could not have guests during the summer as these things were there in the living room producing all that heat.

I can go on and on, coz there were these sha256 coins that would launch that if you got in early, you would get tons of coins in rewards, and sometimes you could dump them for btc, woohoo and then mining pools started where it will switch the pool's hash based on what coin is profitable and automatically exchange them for btc and that's what you would get in your account. Anyway, I gotta stop, bottom line, our monthly electricity bill was over $250 and I just threw them in electronics waste after a few months even though they were selling for several hundred $ on ebay, I didn't want to go through the troubles and me knowing there was no more value to the buyer in mining using the S1 hardware as much much faster miners have come out. I'm looking at the picture you have there of the description of that miner, that thing produces 110 Trillion hashes per second???

All the mining efforts during those times paid off, I made more btc's than I paid for the miners and learned a ton in the process that helped me to mine other coins in the future, however, bitcoin went into the bear market 2014-2016, why mine when you could buy 1 btc for about $300-$600 much quicker using credit cards from the likes of Circle or Virwox (now you can't).?

Don't mine bitcoin, Van. Maybe other coins are mineable and then trade for bitcoin, DGB, LTC, Groestelcoin, etc. IF you want to learn stuff, then it's ok for fun and knowledge :D

https://blockgeeks.com/guides/bitcoin-mining-difficulty/
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That's pretty interesting. Good stories.

You must have just briefly read my post, I wasn't asking because I was thinking about mining these crazy things lol, good lord that's all I need, a bunch of damn 220V metal boxes and Walmart fans everywhere. No the reason I brought it up was I was just doing some DD on this stock ... Riot Blockchain. ($RIOT).... , its up over 200% in about 10 trading days.

I wanted to get a good handle on their potential revenue/profit going forward. That picture I posted, yeah they apparently have 1000's and 1000's of those things.

If you get a second, check out their operation.
https://www.riotblockchain.com/bitcoin-mining
Just give it a quick glance and see what you think about the feasibility of this if the price stays at or above $20K / coin. I'd love to hear your take on things.

Thanks J
 
vanzandt said:
That's pretty interesting. Good stories.

You must have just briefly read my post, I wasn't asking because I was thinking about mining these crazy things lol, good lord that's all I need, a bunch of damn 220V metal boxes and Walmart fans everywhere. No the reason I brought it up was I was just doing some DD on this stock ... Riot Blockchain. ($RIOT).... , its up over 200% in about 10 trading days.

I wanted to get a good handle on their potential revenue/profit going forward. That picture I posted, yeah they apparently have 1000's and 1000's of those things.

If you get a second, check out their operation.
https://www.riotblockchain.com/bitcoin-mining
Just give it a quick glance and see what you think about the feasibility of this if the price stays at or above $20K / coin. I'd love to hear your take on things.

Thanks J
More...

Wow, those pictures don't look anything like our living room, lol. Yea, if they have that much mining hardware, they're making bank! But remember, these hardware have to be replaced/upgraded every few months or so, and the biggest thing that happened is that we had bitcoin halving 6 months ago when the block rewards got cut in half, from 12.5 btc to 6.25 btc

They also have electricity costs, but here's the thing, if btc price keeps going up, these guys keep making big buck$$$ and I'm super bullish on bitcoin hitting $50K and then $100K+ so I think these guys are a good bet
emoji_u1f911.png
 
johnarb said:
Wow, those pictures don't look anything like our living room, lol. Yea, if they have that much mining hardware, they're making bank! But remember, these hardware have to be replaced/upgraded every few months or so, and the biggest thing that happened is that we had bitcoin halving 6 months ago when the block rewards got cut in half, from 12.5 btc to 6.25 btc

They also have electricity costs, but here's the thing, if btc price keeps going up, these guys keep making big buck$$$ and I'm super bullish on bitcoin hitting $50K and then $100K+ so I think these guys are a good bet
emoji_u1f911.png
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JohnnyArb... lol... I gotta ask.... electricity aside.... I can figure that part out easy.... but can ya plink around on their website some more and find us a reason to hate it.

Not that we will (hate them)... but we need someone with some expertise to do the colostomy.
Find me a reason they'll fail. ;)
I can handle their books and the overhead....
That part is easy.
But where's the weak link?
There's gotta be one.

If you get bored lol.
No hurry.
:fistbump::thumbsup:
 
vanzandt said:
JohnnyArb... lol... I gotta ask.... electricity aside.... I can figure that part out easy.... but can ya plink around on their website some more and find us a reason to hate it.

Not that we will (hate them)... but we need someone with some expertise to do the colostomy.
Find me a reason they'll fail. ;)
I can handle their books and the overhead....
That part is easy.
But where's the weak link?
There's gotta be one.

If you get bored lol.
No hurry.
:fistbump::thumbsup:
More...

Ok, Van, I'll look around. It's going to involve some math, lol, to find out their share of the overall bitcoin network hashrate, i mean if numbers were simple calc, then it's easy work, but most likely not.

For example, if they have 10% of all the mining power (i doubt that very much, there's some big players out there, some financed by wall street money, some backed by nation states, heck who knows maybe Chinese miners are backed by ccp, but let's say they have 1%, so there's approximately 1 block each 10 minutes, 6/hr, 144/day blocks.

I just looked at the latest block, 659709 about 6.5 btc total rewards (6.25 block reward and then the transaction fees from everyone whose transaction got included 1562 transactions total in that block.

6.5 btc x 144 x 0.01 = 9.36 btc's per day at $19,000/btc = $177,840 per day, x 365 = $65M/yr

Minus all the expenses (i.e. electricity, and rent and maintenance, and upgrades), and if they are running a public mining pool, they have to share that with other miners. Maybe they are mining other coins, like LTC so there's other sources of income, maybe they're consulting for wannabe miners and companies and getting paid.

That $ amount is extremely volatile and there's luck involved, bitcoin mining is bruteforce, sometimes you get more blocks, sometimes you get less blocks, you just want to wish you sell the coins to pay bills when the price is on the high end, not necessarily when you mined them.

Mined coins are sold to big investors in wall street otc for a premium, I think +15% coz they are virgin coins, never used in hacking or darknet or ransomeware, no bad history so to speak, so that just means their income revenue is higher.

So, can look into it and if they are truthful in their hash output disclosure which I think they have to be since they're listed on the stock market. Once we know if they are 1% or 3% of total network hashrate, we'll need to watch that over a period of maybe 30 days or at least revisit the numbers once a week. With the price of btc very high, more miners are joining and network hashrate is increasing so either Riot steps up and buys more hardware or upgrades old hardware, their share of the network hash rate will go down, then we have to watch the price of btc every 7 days as well to calculate their income $ revenue m2m snapshot, but don't forget the premium on the virgin coins :D
 
johnarb said:
Ok, Van, I'll look around. It's going to involve some math, lol, to find out their share of the overall bitcoin network hashrate, i mean if numbers were simple calc, then it's easy work, but most likely not.

For example, if they have 10% of all the mining power (i doubt that very much, there's some big players out there, some financed by wall street money, some backed by nation states, heck who knows maybe Chinese miners are backed by ccp, but let's say they have 1%, so there's approximately 1 block each 10 minutes, 6/hr, 144/day blocks.

I just looked at the latest block, 659709 about 6.5 btc total rewards (6.25 block reward and then the transaction fees from everyone whose transaction got included 1562 transactions total in that block.

6.5 btc x 144 x 0.01 = 9.36 btc's per day at $19,000/btc = $177,840 per day, x 365 = $65M/yr

Minus all the expenses (i.e. electricity, and rent and maintenance, and upgrades), and if they are running a public mining pool, they have to share that with other miners. Maybe they are mining other coins, like LTC so there's other sources of income, maybe they're consulting for wannabe miners and companies and getting paid.

That $ amount is extremely volatile and there's luck involved, bitcoin mining is bruteforce, sometimes you get more blocks, sometimes you get less blocks, you just want to wish you sell the coins to pay bills when the price is on the high end, not necessarily when you mined them.

Mined coins are sold to big investors in wall street otc for a premium, I think +15% coz they are virgin coins, never used in hacking or darknet or ransomeware, no bad history so to speak, so that just means their income revenue is higher.

So, can look into it and if they are truthful in their hash output disclosure which I think they have to be since they're listed on the stock market. Once we know if they are 1% or 3% of total network hashrate, we'll need to watch that over a period of maybe 30 days or at least revisit the numbers once a week. With the price of btc very high, more miners are joining and network hashrate is increasing so either Riot steps up and buys more hardware or upgrades old hardware, their share of the network hash rate will go down, then we have to watch the price of btc every 7 days as well to calculate their income $ revenue m2m snapshot, but don't forget the premium on the virgin coins :D
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10 likes!

images
 
vanzandt said:
10 likes!

images
More...

I just realized I didn't answer the simple question, how much bitcoin the machines make, but it's because it's based on luck. I remember when I was in mining pool, one time, someone in the pool mined a block using one of these
41DU76IGZ7L._AC_SY400_.jpg


Which everyone was saying was only supposed to happen 1 in 10,000 years , anyway it didn't matter much to him (edit: forgot there was a bonus at the time, i think 5 btc's for the miner that hits the block in the mining pool), the 25 BTC's and transactions (yea, it was before 2 halvings ago, lol) was shared with the whole mining pool miners.

So, the missing answer to your question is that it's not so much how much btc 1 of those 4 thousand miners they are getting additional will mine, but the overall cumulative mining power of Riot, because one of their outdated miner that is not supposed to mine a block in 10,000 years could mine one block, just by luck, lol, but it was part of their overall let's say 100,000 Trillion hashes / second

current network hashrate is 132 Million Trillion Hashes/second so gotta find out Riot's but network hashrate fluctuates too, so just pick a time point.

https://www.blockchain.com/charts/hash-rate

ps: 5 btc's bonus was not a big deal, 1 btc was only $300-$400 at the time
 
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