Hive Blockchain Technologies Limited

Latest earnings here

https://www.hiveblockchain.com/medias/uploads/FS.pdf

Dipped my toe in at CA$2.20 and then made a bigger splash at CA$1.85

Prepared to sit on this and see where it goes.

Dropping again slight today on the borse, any opinions why ?

Have the earnings report not sunk in ? Is there some big problem in their financials I am not seeing ?

Down almost 10% in Frankfurt!

Grindle do you think BTC will become ASIC resistant, what happens then does it move to GPU, I presume this would mean a lot of chip makers like Bitfury, Bitmain would go bang overnight?
When or if do you see this possibly happening, the btc mine isn’t meant to be online until September with construction starting in May.

Thanks Grindle hive of information as usual.

Just on Ether when it moves to proof of stake, If i’m understanding it correctly it’ll be great for Hive with all the hoarded coins but what happens then to their Etherum mines are they then redundant as far as Etherum is concerned or is it a case that they have such a large amount of Ether built up they will be put to use forging?

Think I’ll have to have a blaze and try reading that again : )

Lots of capital raised with cheap share offerings and the maintenance contract which it looks to also paid in shares? Long term looks good but likely 6 months + before any real share price progress due to continued selling I'd speculate.

I think the fact that they haven't sold any ether is interesting too. Is this a bet on the value of the holding going up or is there another reason?  This totals with my own guesstimate that any potential recession would provide a price boost.

ETH hoarder checking in! Apologies for the essay

If Bitcoin is a hedged bet against government-sponsored fiat's debt mountains and inflationary practices and the inherent distrust we should all have for the people who maintain the status quo - who have created debts so large they'll be passed onto our children in the best case scenario - then Ethereum is a bet on automation of terms and conditions between parties and ultimately cost-cutting for businesses whilst increasing trust in tandem.
The cost-cutting doesn't come about by replacing databases which is what some seem to think (that would be very inefficient and barely scratches the surface of trust in finance), but by replacing a large amount of the humans interacting with databases or simple binary contract terms who're performing busywork - relying on some well-trained yet fallible and tremendously slow human to perform a task that a machine can do faultlessly and fast is a huge cost.

Bitcoin may be able to do what Ethereum is doing using Rootstock (aka 'RSK', which is basically an Ethereum clone right down to using Solidity as it's language) with the caveat that it relies on centralised nodes as opposed to a more widely distributed network - ultimately Ethereum has gained so much ground when it comes to being used that it's going to be incredibly hard to claw working devs away from it without sufficient incentive.

Where do I see it going? It's only just begun it's journey but it's already starting to dismantle the traditional VC/IPO phases of start-ups. The longer that plays out and the further it goes the less focus on Silicon Valley in general which can only be a good thing.
Tech has gotten to the point where working from home or at least from your own locality in a shared workspace is increasing and whoever you work for or with can stage video meetings relatively painlessly without the added costs of moving hires to whichever base the company has, lower salaries as they don't need to pay exorbitant rates dependant on geography, insurance, canteen food, etc etc.
There are many start-ups worth anywhere from millions to tens to hundreds of millions (and some in the billions) now dotted around the world where there were none before.
And loads of scams.

More practically for other office workers around the globe : like hinted at above, if a job or service provided is easily automated/ broken down into if/else statements, if it would be more cost effective for the Ethereum VM to complete the task with a much greater level of trust and transparency than the average human can muster, then consider the necessity for humans in that job or service to be reduced.

Any chance to leverage the assets of others and reward appropriately is happening right now (predominantly mining and to a lesser extent storage and processing power) and will likely become near ubiquitous with storage and computational power being rented as needs arise via token economies.

The tools are waiting to be used, it just takes some sparks of ingenuity from thinkers and tinkerers to coax ideas into reality.
Voting could move to blockchain, national currencies could be open-sourced sidechains benefitting from the eyes of many rather than some discreetly gamed mechanism controlled by few to hide absurd backroom dealings, IoT devices could communicate with and pay eachother across networks, insurance claims could be processed faster provided certain conditions have been met (AXA uses this to refund customers who have delayed flights, the service is called 'Fizzy' which is currently in beta), renewable energy could be produced and resold amongst locals, donation drives could send money relatively quickly and painlessly to those in need with little to nothing in the shape of an administrative middle-man depending on circumstance.

This is mostly very long view stuff which is of little interest to (self-proclaimed and prideful) luddites but by the time these kinds of advances are widespread, in every device and home, most luddites will be too close to death or infirmity to give a toss about Skynet Ethereum.

Price-speculation... Who knows? Within 2-3 years it could overtake Apple's cap or maybe it'll collapse to nought. I personally see the former as more likely even though the sell pressure will be enormous if it ever gets near that kind of milestone - a whole lot of people will be retiring on a fraction of the money they've made since it was $10.
Doesn't really matter too much for the project imo. If a small amount of Ether is necessary to perform a repetitive mechanical task based on pure logic and that cost is lower than the cost of performing the task outside of the EVM then the decision is made, Ether gets bought and the world keeps spinning.

That isn't me thinking it's definitively worth that much ($1t) btw, just the simple fact that price overshoots utility in crypto for obvious reasons - people are hoarding and there's a free flow of money into crypto. I doubt most buyers know what Ethereum enables really, or what it's purpose is - they probably think it's just another BTC clone yet they still buy it. And that's fine too.

At least were back in favour with the bots previously was 1.32, is now 7.59. Hopefully they'll get back to work and take us to the moon.

Captainsatnav wrote: »

Can I ask what you're referring to there? It's not the CAD$ price...

It’s is that site uses algrothims to work out price.

Any of you lovely people hold any?

Looks like its only going one way. Will buy when hits $1.