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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (166720)1/4/2021 9:20:59 PM
From: TobagoJack  Read Replies (1) | Respond to of 217801
 
<<BTC->>

... all wonderful, seems to work well like a robust girlfriend, every which ways.

The momentary but sharp bear-market (-20%, ~35K to ~28K) seems to be over and done with, and now onward to 500K :0)

Put in the 500K in spreadsheet as a stress-test, and the PF seems to react well.

Re <<We might be seeing a market draw-down. I’m hoping/praying for bargains as in March, but leery. Bargains I think coming in couple/three months>>

The Trump needs to rid self-pity and depression, and amp-up resistance, and/or he needs to get on w/ self-pardon, else he shall have issues 2021 - 2024. Whichever ways he decides to go, and even if all ways, the possibilities of a drawdown is not zero, and the probability of something nastier quite substantial.

BTW., I think the market has one completely stupid and explainable only one way, that money-dilution has and is expected to go more extreme.
deribit.com




To: carranza2 who wrote (166720)1/4/2021 11:08:26 PM
From: TobagoJack  Respond to of 217801
 
Gazprom, the parent company accounts for ~5% of Russian GDP, and together w/ its supplier network, tallies up to be ~15% of Russian GDP. Its subsidiary bank, that which intermediates the gas trade between Mother Russia on the sell-side, and Father Germany, and Ancestor China on the buy-sides, and all needing to bust Team USA sanction-regimes, ... and and and

Further, I know there are other Russian resource companies engaged in crypto mining via HK, so ...

And together w/ the truth that HKEX (0388.HK) wishes to play enabling role in CBDC as well as other flavours of crypto, the one w/ largest market share is BTC ...

So, the path to destiny seems clear enough

coindesk.com

Russian Oil Drilling Giant Opens a Crypto Mining Farm Run on Gas Energy

Dec 30, 2020 at 9:12 p.m.

Updated Jan 4, 2021 at 8:06 p.m.

Gazpromneft, the oil subsidiary of Russian natural gas giant Gazprom, is getting into a different kind of exploration.

The company opened a venue for cryptocurrency mining on one of its oil drilling sites in Siberia, unlocking the power of Russia’s oil and gas resources for the needs of bitcoin (BTC, -5.64%) mining.

Gazprom, a company that counts the Russian government as a shareholder, is the country’s gas monopolist and world’s 10th-biggest oil producer. The company has been spearheading several mega-projects of cross-border gas pipelines such as the Nord Stream and the South Stream, which bring Russian gas to Europe.

Gazpromneft is a direct subsidiary of Gazprom and one of the very few government-owned companies in Russia that has openly expressed interest in the crypto mining industry. Earlier this year, CoinDesk reported that Rosatom, Russia’s nuclear power monopolist, is opening up its energy supplies for miners, too.

Read more: A Russian Nuclear Plant Is Renting Space to Energy-Hungry Bitcoin Miners

The venue, located in the Khanty-Mansiysk region of northwestern Siberia, is using the associated gas from its oil field as an energy source and has its own power plant transforming the gas into electricity.

The CO2 that gets freed during the oil drilling is normally a liability for oil companies as they have to burn it into the atmosphere, which results in fines. However, there are ways to utilize it instead of wasting it, and electricity generation is one of them.

In cryptocurrency mining, one of the greatest costs is for the electricity needed to power the mining rigs. By locating mining operations at oil drilling sites where there’s abundant gas to provide virtually free electricity, both miners and the oil companies benefit. By doing this, Gazpromneft is following the lead of the North American companies Upstream Data and Crusoe Energy Systems that are making use of gas at drilling sites in the U.S. and Canada.

Although Gazpromneft is not planning to mine for crypto itself, a company spokesperson told CoinDesk it’s ready to open its energy resources to miners and has already piloted a small-scale mining operation with the mining firm Vekus this past autumn.

Vekus placed a shipping container housing 150 units of Bitmain’s Antminer S9 ASICs on the site, Gazpromneft announced via the Russian crypto news outlet Forklog, and in one month the machines mined 1.8 BTC using 49,500 cubic meters of gas.

Gazpromneft is planning to expand the mining farm and get more clients’ ASICs, as well as more contractors like Vekus. The company did not disclose how big the future farm will be.