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/biz/ - Business & Finance

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16380457 No.16380457 [Reply] [Original]

U guys really underestimate how much hashpower he has

>> No.16380478

>>16380457
what level meme are those glasses?

>> No.16380479
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16380479

>> No.16380552
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16380552

>>16380457
No as a matter of fact his mining business went under. He's just a criminal that is stuck supporting a bunch of faggots

>> No.16380571
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16380571

>> No.16380622

fuck biz fuck this shit board fuck jannie fuck this shit board and fuck bsv

>> No.16380627

>>16380457
why should anyone care?

>> No.16380695

>>16380457
Underrated post

>> No.16381023

I'll post this pasta I made several months ago:

SQUIRE MINING LTD (SQR)
Squire is a mining company controlled by Calvin. On May 29 they signed a contract to buy four mining companies totalling 3,000PH/s mining power. This combined with the 300PH/s they had from before, gives them control of 3,300PH/s. This is a SIGNIFICANT amount and makes them the world’s biggest mining company by far. To put it in perspective, Bitmain had 2,000PH/s at their height. After getting rekt by the BCH/BSV fork they only have 200PH/s left. The BTC chain usually have about 60,000 PH/s, BCH 2,500PH/s and BSV 1,000 PH/s. Squire are in other words a VERY big miner. The acquisition are expected to be concluded within August 31, 2019. In addition to this, Squire are in the process of developing a new SHA-256 ASIC chip. This will further sement their position in the mining industry if successful.

HOW WILL THIS AFFECT THE BSV PRICE?
Calvin has said publicly that they are mining whichever chain is most profitable, and use the profit to buy BSV. So how many BSV are they able to buy every day? According to Craig the profit margin is usually 20% in mining, but let’s be conservative and use 10%. This will allow them to buy 430BSV ($82,000)
every single day. (calculations in end of thread).

430BSV a day might not sound like much, but this is coins that are bought every single day and held, not traded back and forth. It will add significant buy support and upwards momentum to the BSV price. Calvin and Craig also have private personal mining rigs. I don’t know how large they are, but I suspect they are very large for a private rig. I assume they buy BSV with the profit from these as well.

>> No.16381072

>>16381023
The Squire Mining deal fell through.

>> No.16381097

>>16381023
LMAO
How do you think miners pay for the electricity, the rigs and all other various costs? By dumping whatever they mine on the market.
You would have to be a total idiot to believe they will use their profits to buy a shitcoin.

>> No.16381121

>>16380457

salty shitcoiners still praying to breakeven on their shitbags

>> No.16381122

>>16381097
>How do you think miners pay for the electricity, the rigs and all other various costs?
Blockstream is not sendin their best today

"Profit is the money a business pulls in after accounting for all expenses"

>> No.16381132

>>16381072
4d chess mate

>> No.16381179

>>16381122
Why go to all this trouble to waste your profit in a soon to be dead shitcoin? No one would do that.

>> No.16381215

Calvins on the run from Interpol for human trafficking charges that's why he's always on some pedo Epstein island

>> No.16381233

>>16381179
what are you even talking about? BSV is bitcoin

>> No.16381242
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16381242

>>16381132
Calvin is just a retarded boomer who can't compete in the crypto space

>> No.16381270

>>16381233
Nah, BSV is a shitcoin, a counterfeit fork of a fork designed to host child porn.

>> No.16381280

>>16381270
Imagine typing that out

>> No.16381449
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16381449

>> No.16381459

>>16380478
Minimum over 9000.

>> No.16381484

>>16381233
Literally a Bcash fork and even if it was the real Bitcoin it doesen’t matter, BTC won. It is possible that in the future ETH will flip BTC but BSV won’t do jack shit. Blackberry was the original smartphone and look where they are now.