What are people's thoughts on this recent move over $8?
I had a look at other blockchain mining companies - they have all had similar pumps this week/last week.
Argo Blockchain
Hive Blockchain
Hut 8 Mining
Riot Blockchain
Bitfarms
DMG
I also then did a quick calculation of current marketcap and petahashes each company has to give some comparison with TAAL at current price.
TAAL - 400PH, 177m = 44.25m per 100PH
Argo - 787PH, 1.24bn = 157m per 100PH
HIVE - 653PH, 1.661bn = 254m per 100PH
Hut 8 - 1031PH, 817m = 79m per 100PH
Riot - PH, 3800PH, 4.189bn = 110m per 100PH
Bitfarms - 1200PH, 621m = 51.75m per 100PH
DMG - 500PH, 225m = 45m per 100PH
So even with this recent pump we are still somewhat undervalued relative to the other miners. Although I think most others are mining BTC so because BSV hasn't made as much gains as BTC has, it makes sense.
Curious to hear others thoughts on this recent price action.
What are people's thoughts on this recent move over $8?
I had a look at other blockchain mining companies - they have all had similar pumps this week/last week.
Argo Blockchain
Hive Blockchain
Hut 8 Mining
Riot Blockchain
Bitfarms
DMG
I also then did a quick calculation of current marketcap and petahashes each company has to give some comparison with TAAL at current price.
TAAL - 400PH, 177m = 44.25m per 100PH
Argo - 787PH, 1.24bn = 157m per 100PH
HIVE - 653PH, 1.661bn = 254m per 100PH
Hut 8 - 1031PH, 817m = 79m per 100PH
Riot - PH, 3800PH, 4.189bn = 110m per 100PH
Bitfarms - 1200PH, 621m = 51.75m per 100PH
DMG - 500PH, 225m = 45m per 100PH
So even with this recent pump we are still somewhat undervalued relative to the other miners. Although I think most others are mining BTC so because BSV hasn't made as much gains as BTC has, it makes sense.
Curious to hear others thoughts on this recent price action.