Oil, gas and mining

Which Bitcoin Miners are worth buying?



#BitcoinMiners #MiningStocks #Bitcoin #BTC #BestMiningStocks #BestBitcoinMiningStock
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The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.
00:00 Introduction
01:00 Bitcoin Issuance (Mined) Per Day
01:29 Miners Started Selling to buy more ASICs
02:10 Mining Companies YTD – CLSK Wins
03:11 Mining Companies 1 Year – HUT Wins
03:39 Mining Arms Race
04:15 Mining Companies Analyzed CLSK ARGO BITF CORZ HUT RIOT MARA
05:00 Success is a function of
05:20 The Hash Rate
06:05 #1. BTC on the Balance Sheet
06:15 How Much our Miners HODL
07:15 BTC on BS as % Market Cap – Winner HUT8
08:16 #2. Exahash Rate
08:21 Current Exahash Rate & EH/MC
09:20 #3. IA 2022 Profit Margins and Profit and Sales Ratios
09:40 2022 Sales Metrics
10:40 2022 Profit Margins
11:18 Price to Book Value
12:00 #4. Quick Ratio and Delta from ATH
12:25 52 Wk Delta & Quick Ratio
13:49 #5. BTC Mining Projections for 2022 Expressed in Satoshis per $ Market Cap
14:00 Satoshis Mined per $ of Market Cap 2022
15:21 #6. Price Targets
15:30 IA Pricing Targets
16:00 IA Pricing Targets Avg and Gains to Hit Target
17:15 Conclusion
17:20 NFA
18:05 Conclusion: Composite Score
18:50 Winner HUT8
19:00 Runner Up (previous winner)
19:20 Third Place
19:35 HUT Chart
20:15 HUT 8 Arbitrage Model
21:27 Some Notes on HUT

42 Comments

  2. Anthony Stone

    James are you concerned by Hut 8's lack of a solid ESG path. I believe it might be hard for them to tap the capital markets if they do not get a solid message regarding ESG. I have read that carbon credits ( which hut 8 uses ) will not cut it for the bitcoin miners in the future , but will need to be more green and use reusebles. What is your take? Thanks

  8. plazam10

    In the same way I'm shrinking my portfolio I'm also minimazing the time that I spend watching Crypto YouTubers. I can say that your channel is one of the most informative on the YouTube space.

  9. Russ Shanahan

    Great analysis. Factors that I would tweak for me…. Non-carbon mining, expect BTC to stay in this channel very long term. Until full regulation, no reason for Bitcoin to rise significantly.

  10. Jeffrey Fell

    James , in the realm of crypto youtube channels , yours is a beautiful , blooming flower in a vast field of dogsh*t . I've been invested in Bitcoin for almost a year, and your channel is hands down my go-to . Thank you so much for the time and effort you invest . It's blatantly obvious that your sole purpose is to educate and guide your viewers , while the majority seek only subscribers , likes, and comments via emotional manipulation. How refreshing . Keep up the great work. You are highly appreciated .

  11. Wayne

    Thanks James, as always we are not worthy (down on knees palms on the floor)! I wish I had the math skills and presence of mind to do my own analysis. If you have already made a video of “elementary school” graph analysis, I’d appreciate being pointed in the right direction. Work gets in the way of education. But I put what hours I have available to furthering my financial literacy. The one thing most parents don’t have to share with their children, but perhaps one of the most important survival skills in the “real” world one can have.

    I’m just sayin..

  17. Phil Scott

    I like the channel but feel like this analysis is lacking, sorry to say it James – Mara have so many machines on the way being added every month so their numbers a skewed and you didn't account for or mention this. Machines take almost a year to ROI atm, so companies that have paid for their future capacity such as CLSK are at a notable advantage when looking at current and future to those that have not. There are a lot of metrics here that instinctively feel useful such as PE ratios but i dont beleive these are useful when analysing these companies.

    Did you weight all of the metrics you looked at the same, or are some weighted higher than others?

    I think you can only value these companies vs just hodling btc rather than against USD.

    My methodology is company Market Cap/ bitcoin price – number of btc on balance sheet. Then we know how many they need to mine to break even vs just buying btc. Then look at the bought an paid for or accounted for hosting space (important) and the bought and paid for miners. Then make a difficulty adjusted estimate for how long it will take them to fill their market cap with the remaining bitcoin, factoring in their cost to mine. That is what I have done, and I come up with a very different answer 😛

  26. io syntropy

    do you ever wonder what happens to the stolen funds of all of the 100/600 million hacks happening every week? or why the total market cap is not representative of a space thats losing 100/600 million several times a week? why the market cap stays around 2 trillion while axie retail consumers are out 600 million? if the coins were transferred to dollars the market cap would drop, so it means 9/10ths of the total cap consists of stolen funds. do you ever wonder why global infrastructure is being built out for mining farms? do you really think its because the bitcoin network needs to be strong, or that the facilities will eventually be refitted as data centers for digital IDs and cbdcs. idk hodl right.

  29. RobertS

    Brilliant as always. The level of knowledge you James provide, is unparalleled in the YT space 🙂 Just wish I would have found your channel earlier…but as they say, better late than never 🙂 Loving the IA community on Patreon 🙂

  34. Sylvia

    Thanks, James and team as always ❤️🇦🇺 Your subscriber count is ticking up which I love as the more people getting good information the better. So grateful 😇

  35. Christopher Lewis

    Thank you James, really great info. Do you think sustainability will become a big issue for the miners? Kevin O'Leary said he pulled out of Hut 8 in a big way because he has concerns about carbon audits for them (which seemed to coincide with the overselling).

  37. Barry Schroh

    nicely done ..like the satoshi ratio…would like to see a satoshi earned to mw energy ratio column somehow…one other thing ESG RATING is highest with Hut8 and BITF,that spells premium price/share
    Bitfarms will already avg 3 exh/s for april/22 and hodls 950 more btc than your report(march 31/2022).

  39. Robbie Friedman

    I will forever appreciate this investment program, it helped me and my family a lot, your advice and lessons are inspirational helpful to us, I now earn every week. You’re such a blessing to this generation, we all love you.

  42. Soshie Opath

    Your show is impressively comprehensive. It reminds me of post graduate education level classes. I am a long time subscriber but recently changed my handle and likeness from my real name and likeness. I like the way you try to keep the scammers off your comment section… I have been actively trying to expose them and that gets a little concerning when they start looking into who you are and where you are.

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