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Sam Jennings

Joined: 04/03/15


Comments by Sam Jennings
Freeport-McMoran Apr 20, 2021 2:45PM ET
Please, recite for us Goldman Sachs's recent price estimate on copper, by 2025.
Copper Apr 15, 2021 4:03PM ET
Goldman Sachs has a very optimistic outlook for copper investments, over the coming 4 years. https://seekingalpha.com/news/3681842-copper-on-path-to-15kton-in-2025-goldman-says
Bit Digital Apr 12, 2021 2:59PM ET
Not sure why this ran so far in the wrong direction, today. It should be moving in parallel with btc, right?
US Tech 100 Futures Mar 31, 2021 11:25AM ET
1h 4h and daily graphs all suggest to me that today was a real breakout.
Dollar Index Futures Mar 29, 2021 12:40AM ET
If I read it correctly, the fed rate monitoring tool shows a slim chance that they will announce NEGATIVE interest rates, for USD, within a month. https://www.investing.com/central-banks/fed-rate-monitor
BTC/USD Mar 29, 2021 12:34AM ET
If I understand it correctly, the fed rate monitoring tool shows a slim chance that they will announce NEGATIVE interest rates, for USD, within a month. https://www.investing.com/central-banks/fed-rate-monitor
US Tech 100 Futures Mar 24, 2021 4:05PM ET
2023 sorry... lol
US Tech 100 Futures Mar 24, 2021 4:04PM ET
QQQ has long term PUTS/calls... even out to 2013.  It's going to be a long 4 years, unless trump somehow proves fraud, and retakes the WH by court... and I'm not holding my breath, on that.
US Tech 100 Futures Mar 24, 2021 3:57PM ET
You're seeing the Biden effect.
US Tech 100 Futures Mar 23, 2021 1:40PM ET
Really weird, isn't it.  Almost everything on my list is red... but not nas 100.
Bitcoin Mar 22, 2021 1:23PM ET
Wrong answer.  Remember what Democrats like Elizabeth Warren want to do.   BTC is an idea whose time has come.
Silver Mar 22, 2021 11:21AM ET
 If they weren't printing rupees, they wouldn't be trying to ban crypto and heavily tax gold. If they weren't printing rupees, they wouldn't be trying to ban crypto and heavily tax gold.
Silver Mar 22, 2021 11:07AM ET
hourly macd crossed
Fed Can’t Keep U.S. Dollar Down Mar 18, 2021 10:55PM ET
 It is Congress which passes budgets... not the president... whose job is just to ratify them.  The Democrats played hardball with him, and he (despite his tough talk) failed to talk them down.  Both parties are to blame, for this one... in any event, it comes across as unlikely that they will get this under control, so the concept of a "strong" dollar, during their money printing / budget fiasco seems laughable to me. It is Congress which passes budgets... not the president... whose job is just to ratify them.  The Democrats played hardball with him, and he (despite his tough talk) failed to talk them down.  Both parties are to blame, for this one... in any event, it comes across as unlikely that they will get this under control, so the concept of a "strong" dollar, during their money printing / budget fiasco seems laughable to me.
Fed Can’t Keep U.S. Dollar Down Mar 18, 2021 7:07PM ET
If there was 22% USD money printing, in 2020, how much will there be in 2021, with full Democrat control?
Riot Blockchain Mar 18, 2021 3:06PM ET
The Nas100 index is down almost 3%.  I think that is why.
Riot Blockchain Mar 18, 2021 11:49AM ET
Also bears to mention that miners, themselves, cost real money.  They've gotten very expensive, lately... and you could say "that means their miners alone are worth more"... you could also look at it and say "the overhead of buying new miners has gone up"... or the risk of being in the game is higher, when miners are higher... that's all a huge can of worms, which I don't address, at ALL... so take these estimates with a grain of salt.
Riot Blockchain Mar 18, 2021 11:30AM ET
Just realized I was unclear about something:  All of these calculations are an attempt to get an -annual- revenue, and to estimate some of the costs that work against the bottom line, too.
Riot Blockchain Mar 18, 2021 10:50AM ET
 Not -that- much, but still a -lot-. Not -that- much, but still a -lot-.
Riot Blockchain Mar 18, 2021 10:44AM ET
Sorry, that miner wattage is based on a s19 miner costing that, not s9.
Riot Blockchain Mar 18, 2021 10:43AM ET
s9 mining calculator costs $3.35 a day...  which is $1222 annually... so (110Th/s) / ($1222)  therefore, 1Th/s costs $11.10, annually 4 Eh/s = 4 million Th/s... so: 4,000,000 4000000 * $11.10 = $44,400,000, or  $44.4 million in electricity costs, if they only ran s19's, and if they ran them all year (which they are likely not, as more  are slated to arrive during the year.. .also assumes they don't acquire more or less miners during the year than expected) Ofc, none of that accounts for the cost of physical location hosting, taxes, or staff, etc... Still lots of variables, and unknowns... But it does give me the impression that riot's share prices is quite reasonable, actually.
Riot Blockchain Mar 18, 2021 10:31AM ET
I got that calculation from a mining calculator, online, based on the 4.0 Eh/s projection... all expenses are zeroed out as unknown... all TIMING for their GETTING those miners, also unknown... so again: these numbers could vary wildly.  This is just a crude attempt to reign in the speculation a little bit.  I think estimates of half that many btc might be reasonable... and factoring in their expenses would definitely tone down the value of their revenue, by some amount... I'm trying to calculate that amount, now.
Riot Blockchain Mar 18, 2021 10:04AM ET
Seeking alpha says their total upgrade of miners this year would put them at 4.0 Eh/S.  That would mean there is an absolute limit of definitely no more than 8558.4344580 btc they could mine, if there were no mining difficulty production fades (which there are), and if they mined it all at once, up front (which they don't)... (and because of how mining economics work, most likely substantially less than that)... but... IF they mined that much, it would be valued at $496,971,172.11.... half a billion... -before- energy costs.  Now, their market  cap is presently just under $4 billion.  So, based on what thier costs are, and how the economics of mining go, for them, this price is actually definitely in the "reasonable" zone... in fact, it's still trading (arguably) at a discount.  maybe.  Depending on the economics of their mining... i.e. their electric costs... the mining difficulty changes... etc.
Riot Blockchain Mar 18, 2021 9:53AM ET
I don't think it is right, if this moves against btc itself.  Gold miners often move against the stock index, for example, if gold is up... it does have an effect, but normally the weight of gold is stronger than the weight of the index.  I'd hope to see the same thing, here.
MicroStrategy Mar 16, 2021 7:51PM ET
Oh, nvm... Seeking Alpha's data seems to conflict with itself.  It has a new blurb with a much higher NAV than the one it lists for the trust, on the trust's front page.