Please no more moonboy posts
Please no more "this is the last dip"
Please no more "things will be better in 12-18 months"
Just please no more, nobody knows shit about fuck. I was wrong and so was pretty much everyone else.
Now just shut up and let the market do what it wants
Fred Thiel (
@fgthiel
) CEO of
@MarathonDH
, after leading $MARA to S&P SmallCap 600 inclusion this week and getting ready to publish a great earnings report after the
#Bitcoin
Q1 pump
#KAS
investors, $MARA started mining your coin. I'm going to do my own research but if anyone can give me a crash course in the replies around what it is it would be appreciated
I was just sent my first $KAS
Now not only do I have exposure through $MARA but actual exposure. I have not held anything else besides Bitcoin since 2021 and today was a new dawn.
Extremely grateful for the kindness
#Bitcoin
Miner pre-halving block reward: 6.25 + some small fees = ~6.5-7 BTC per block
Bitcoin post-halving reward (w/ ordinals and runes): 3.125 + larger fees from demand for block space = 7+ on average so far
So total block subsidies for miners post-halving look to be higher
$MARA has bought the Garden City facility from $APLD outright for 97.3 million dollars
Deal is expected to close in Q2 2024
Gives MARA more operation leverage in this facility. Good move, was just a matter of time
#Bitcoin
miners are going to go ballistic this week and there is nothing anyone can do about it.
Shorts are going to be destroyed. I will be buying any weakness as I believe the market got the halving totally wrong for $MARA and many others and I think they are about to
I did the math on $MARA numbers for
#KAS
mining
At 60 petahash this will generate daily revenues of around $260000 and yearly revenue of just under $100 million
This is for 1% of their operations
Pretty good for just a small project, and better than AI fairytales
#Bitcoin
maxis are toxic and bad for Bitcoin
The community at $KAS has been so welcoming. I'm very happy $MARA has welcomed them
I am still Bitcoin only in terms of coins held, but I feel good being a pseudo-holder of KAS through Marathon
Gonna be real here for a moment:
$MARA is trading like an absolute dumpster fire, every day. The amount of hate I'm getting is reaching a fever pitch. Nobody is more disappointed than me.
But this is when you have to buy and be strong. You have to buy when no one else does
My initial thoughts on $MARA mining Kaspa (
#KAS
)
Probably the most surprised I've been by a move the company has made maybe ever. Reading through the press release, the company can mine Kaspa with up to 95% margins given the current difficulty rate of the Kaspa network.
30
$MARA the market has significantly mispriced the public bitcoin miners. Last block came in at over 13 bitcoin. The halving will not have as big of an effect on miners as previously thought because transaction fees are so high. The miners are all about to get another big bump
I'm gonna use a word I don't like to use. But the manipulation on $MARA and the rest of the miners today was clear as day.
Yes, manipulation.
Next few weeks should be great, MARA is a powder keg and shorts or whoever is holding this down are playing with serious fire
Have
$MARA is buying $BITF
Price action in both of these stocks makes no sense today along w/ CEO departure. I expect an SEC filing and news to come soon
I don't have any other explanation
I made a tough decision this week that I was no longer going to buy any more $MARA as it has not proven itself to me yet. And I want to see change before I add more capital to make a return on investment
And then I decided that shit is for pussies and just bought more here at 16
$MARA please close at 25+ this week and blow up Kerrisdale Capital's fund
$RIOT in the teens
Maybe higher if you could. All I ask for, one time for the gang
#Bitcoin
above 67k now. Once it makes a new ATH above 74k the next price you'll see on the screen will be 100k (it will happen pretty fast)
Miners will 3x from these levels. 50dollar $MARA
Are you bullish enough?
$MARA block reward + tx fees averaging around 7
#Bitcoin
.
MARA with 10 blocks within the past 24 hours. That's 70 Bitcoin and 4.9 million dollars in revenue in the last 24 hours...is that good?
2 more people I know sold completely out of their
#Bitcoin
mining stocks today...this is becoming a very niche group.
Many calling miner investors morons, scammers and that they are capital destroyers
Last time people were throwing such hatred out I was buying $MARA at 3
$MARA will bottom here around 17 and the rest of the year is going to be lovely.
I'm leaving you with that
Generational opportunity here, the last time I'll mention it. You either take advantage of it now or don't. But you can't complain later when you missed it
Matt Schultz and Zach Bradford of $CLSK told all their investors that these were "random sells"
Then after they sold their shares they announce an offering. Terrible look. They pretty much lied to their investors.
$MARA has their issues but this is brutal and eye opening
#Bitcoin
maxis are insufferable
It's the weekend and they still can't stop talking about miners being bad investments and that it's the worst thing in the world that $MARA started mining $KAS
I want Bitcoin to succeed as much as anyone but the egos on some people are so
$CLSK Earnings Snapshot...wow
After-hours initial reaction is bullish
The
#Bitcoin
miners that make it through the halving are going to be very profitable
Similar $MARA numbers coming in March 😉
I hope everyone invested in $MARA ,
#Bitcoin
and if they are diversified into other miners does all make life-changing wealth in the coming years.
I hope that we are able to better ourselves financially, so that we may better provide for the ones we love. Clearly the world
If
#Bitcoin
price does not increase after the halving, some public miners will go out of business, and hashrate will drop. The list imo based on costs and cash runway
First to go:
$ARBK
$WULF
$SDIG
$BTBT
Next:
$HUT
$IREN
$CIFR
$BITF
$BTDR
Stalwarts:
$MARA
$RIOT
$CLSK
Sell $NVDA
Buy $MARA
Make your own financial decisions. But you'll thank me if you do
Within the next 2-3 weeks one is going into a nasty top and the other is going into a generational buy zone.
I'm sounding the alarm now so I can say I told you so
#Bitcoin
Coinbase...when $KAS listing?
I was generously gifted some after I created my first wallet but one has to think this is still a capital barrier before the coin can really go mainstream
Right now I only see uphold where trading can happen
$MARA the only company in the world where the more bullish news the company has the further the stock falls
Great production, Kenya, Blackrock buys.
Get ready for a -10% week 💀
There's so much cope and hate around $MARA mining
#KAS
now and it's lovely.
They found a way to create a quite profitable venture with 1% of their fleet and all people have to say about it are bad things 😂
Not a game changer, but caught tons of people sleeping and now they're
$MARA
@fgthiel
was just on Bloomberg
@crypto
:
Costs of mining
#Bitcoin
right now are low 20s, will be ~46k post-halving for MARA
Currently operating on 3 continents including Africa! (expansion looks to already be underway)
Auradine and 2pic are value adds to the company
This is insanity. Back to back blocks constantly. 10% of rewards have gone to $MARA in 24 hours with 6% of rewards for the week.
I think it's safe to say MARA is operating in the 30 EH range, possibly 40. Ellendale coming fully online has unleashed the beast
I am juiced. Haven't been this juiced about $MARA in some time.
The short report on $RIOT today seems like the final straw shorts can throw at us before these take off. I am ready...I want to massacre their positions
Who is ready for $MARA to announce their March monthly report this week and have it show they have at least $2B in cash +
#Bitcoin
on the balance sheet ready to be deployed post-halving?
Everything is coming together for $MARA at the right time. Wow, just send it to 30 already
Operational issues resolved
Bitcoin pumping
Holding onto more bitcoin
$KAS developments
Ratings upgrades
Did I miss anything? Let's go!
$MARA and the rest of the miners look primed here...oh my.
I need to see this type of price action for a few days to confirm.
But if
#Bitcoin
reverses to the upside it looks like it could be a serious move for miners.
Here's to hoping the mining stock beta is back
For those of you who have remained strong on $MARA , you all deserve to make tons of money on the next pump. You've battled through a ton. I am proud of each of you
Best part of the whole video is that this move is expected to reduce the cost per
#Bitcoin
produced from this site by 20%. $MARA continues to lower costs
Average retail investor in
#Bitcoin
mining stocks:
*load up on short-term options or get overleveraged*
*get rugged*
*State publicly "miners are dead/scams" on X*
*sell the bottom*
*watch miners double/triple from here in 6-12 months*
*cry*
What did I miss? $MARA
It wouldn't be a true $MARA dump without people shitting on me in the replies and nasty DMs.
For those of you in it for the long-term like myself, thank you for the support. We will get through this together - appreciate you
@fgthiel
on
@MarathonDH
raising its 2024 target to 50 EH
"With our current liquidity position, this growth target is also fully funded and there is no need to raise additional capital"
ATM not being used for this, no dilution to current shareholders. HUGE!
$MARA
$MARA it's ugly out there
Every time I have felt like this the tides have turned within a few weeks.
I understand the frustration, disappointment, and any other negative emotion around current price action
Those of you who stay here will be rewarded, but if you leave so be it
Been a long week. Taking the weekend off.
$MARA is still going to 100, I bought more today and will continue to until it's true value is achieved. Greener pastures ahead.
See you Monday.
When the market realizes
#Bitcoin
transaction fees are going to be permanently higher this epoch and miners will be printing money here and more so the higher Bitcoin goes
Not to mention the edge that $MARA has with slipstream in capturing those fees, has much higher to go
All the $MARA hate is making me feel so bullish on this name. Dominating most of the sector today, we have maxis selling the bottom, lots of new viewership from KAS...
Stars are aligning