Discover and read the best of Twitter Threads about #Mining

Most recents (4)

Looking to #invest in the #Uranium space? 🌊🚢 For the average #investor the choices are limited in this tiny niche sector with only ~60 companies left standing, compared to over 500 during last #U3O8 Bull market. In this thread I will try to lay out some of your options... 🗂️
If you want lowest risk #investment in #uranium then best option is an unleveraged exchange-traded Fund that holds Physical #U3O8. ⚛️ In North America that's Uranium Participation (Canada: $U US: $URPTF) & in UK that's Yellow Cake PLC on London Stock Exchange (#AIM: $YCA) ✍🏼
If you prefer to invest in baskets of #uranium #stocks through ETF's for 1-trade in & out #U3O8 sector exposure, only 2 real choices. In North America, Global X Uranium ETF on #NYSE: $URA Indexed by Market Cap📊 In UK, Geiger Counter Ltd Fund on LSE: $GCL cherry-picked by PM's🍒
Read 13 tweets
Breakeven for a professional Chinese bitcoin miner:
- if depreciating equipment in one year: $7350
- excluding personnel & building costs: $6900
- operational breakeven: $5980

Equipment price dropped $160 since the article => all-in BE at $7190

#mining medium.com/@sunnyday.jame…
No wonder $5750-$6000 has been defended so fiercely.
Amazing how article did not even have one clap on Medium. Let's give the author some appreciation.
Read 5 tweets
1/ At current prices, top 5 PoW coins (BTC, ETH, ZEC, BCH, LTC) are creating about USD 22 million in coins every day, USD 8 billion a year. BTC represents 56% of that total, while ETH represents 30%. Given current depressed prices, can be assumed ALL are being sold. #mining
2/ Miners, together with exchanges and ICOs, need to sell their coins to fund their operations. These market participants represent natural sellers. Combine that with the relative absence of new crypto investors, and you have the reason for prices crashing. #DemandAndSupply
3/ Given the dearth of new retail investors, crypto has been looking towards the infamous influx of institutional investors to save the day, the institutional investors that are not coming. Hence the importance of an ETF & its likely upcoming rejection. hackernoon.com/cboebitcoinetf…
Read 11 tweets
- Tu sais comment on fait pour protéger une maison menacée par les inondations ?

- Ben...on la soulève.

À Hensies, les maisons de la cité des Sartis ont été relevée de 1m50 à 2m pour les préserver des inondations causées par les affaissements miniers en 1934. #envhist #mining
Les maisons soulevées dans les années 1930, ça avait l'air de vous intriguer, alors pourquoi qu'on fait et comment qu'on fait ?
La pratique de relever des bâtiments et des monuments est "commune" depuis la seconde moitié du 19e siècle. On relève, on abaisse des rues, des églises et des maisons selon les besoins.

Ici, un extrait d'un prospectus publicitaire des années 1930 de l'entreprise Lecharlier
Read 18 tweets

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