RIOT

Theta_kang

I was watching a segment on CNBC just recently that had interview segments from the CEOs of MARA and RIOT. Consensus was that about 15% of miners will go out of business (and some of their facilities/equipment bought up by bigger and more efficient companies), but all of the publicly traded ones will be just fine with BTC above $50k.

AgedPeanuts

MARA, RIOT, CLSK, WULF.. they won't be profitable unless Bitcoin price catches up and makes up for the difference.

kingryan824

Efficiency is the name of the game. CLSK, IREN, CIFR, MARA, RIOT are the ones that will be big.

Kronos5111

I think they will. Just bought 100 share of RIOT when it was at $8. I believe their infrastructure is sufficient to survive the halving but it may take an earnings call or two after the halving for confidence for them to potentially moon shot again.

HerboClevelando

Yes. Look at a publicly traded company’s quarterly and annual reports. Total expenses vs. BTC mined. Be careful what you wish for though…you’ll discover that, for example, RIOT has never made an annual profit yet mining BTC, and only stays in operation by continuously issuing new shares to fund ongoing operations. And their fledgeling revenue will be cut in half at the halving…

SufficientNet9227

We need to ask RIOT at 52 weeks low.

SufficientNet9227

RIOT holder here u feel your pain.

GetBent1990

truuuu this. my iBIT and RIOT rely on a breather

Ghostserpent

I guess it could be but at the same time, bitcoin will likely double in value which would bring more competition to the mining space. If the price significantly increases like it usually does, people aren’t just going to sit on the sidelines and let MARA/RIOT/etc. get all the bitcoin

Walternotwalter

Here is the correct information. Each reward halving consolidates mining. It incentivicizes the RIOTs and MARAthons of the world to continue to invest in mining at the cost of smaller miners mainly because RIOT and MARA are multi-billion dollar market cap publicly traded companies. They mine the BTC for the OTC transactions of ETF inflows primarily into IBIT and FBTC and for exchanges like Coinbase, Kraken, and Strike. The smaller miners get squished due to less profitability via reward and as energy gets more expensive. The security of the market and hash rate does not change. The real increase is the time it takes to get an ROI on mining capex. BTC's value is not determined by that. Nor is its scarcity. Value is essentially based upon greater fool theory as is essentially all crypto right now, even if I am a believer in and user of Strike's network. The scarcity is predetermined at 21,000,000 BTC.

serialmentor

Oh, I forgot about RIOT. But looking up all these stock tickers now none of them seem to be doing that well.

DegenerateDTE

Took out a personal loan of 30k 16% APR for 3 years when Larry fink went on Fox News talking about BTC etf submission and how it can help people save for retirement last year. Bought MSTR,CLSK,MARA,RIOT stocks with loan and sold off my stocks recently except for some MSTR and CLSK made over 125k profit. Easiest trade of my life alongside buying 2bitcoins during FTX collapse average price of 19k.

Jazzlike_Record_8915

What's your fave miner? MARA? RIOT? WULF? HUT? CLSK?

BMX_ROIDZ

> Afaik Key words here because you clearly did not read the atricle that was posted about Riot Platforms, $RIOT. Because of their electricity deal with Texas it only costs them about $6000 to mine 1 BTC.

Darryl_444

Yes, of course. If the future was certain, there would be no risk, and no rewards. That's partially why I was comparing them to Bitcoin itself, upon which they are obviously very dependent. Similar to miners of precious metals and other resources. A generic (historically representative) [30-day-moving-average Bitcoin mining cost / price ratio](https://en.macromicro.me/charts/29435/bitcoin-production-total-cost) is currently 0.75, which is far lower than it was at this same point in the previous cycle (1.16). It's also currently lower than it has been for the past two years, as usual. At the price peak of the last cycle, the ratio was 0.42. It spent a year and a half lower than 1.0. That source claims the current average cost is $52K/coin, but in reality the major miners are producing at much lower costs. RIOT and MARA are currently in the range of [$20k-$30k](https://cryptorank.io/news/feed/cade3-marathon-vs-riot-analyzing-the-true-cost-of-mining-1-bitcoin) per coin, all-in. They'll be more than fine even at current Bitcoin prices, even though the cyclic peak is traditionally still a year or so away.

ZekeTarsim

There is no way RIOT’s cost is that low

RAEL-007

Black rock does not buy BTC, they mine it with free electricity. Here a some of the mining companies they own. Stock symbols. WULF MARA RIOT CIFR BITF The investors behind Black rock own America and Wall Street. Period.

SmoothGoing

Ehh let's see some stats. MARA 260 mil profit for last available year. Digihost 4 mill profit. RIOT 50 mill loss. HIVE 235 mill loss. Bitfarms 105 mill loss. Cleanspark 130 mill loss. Argo 195 mill loss. Bitdeer 60 mill loss. Bit Digital 105 mill loss. Terawulf 70 mill loss.

0DTEx

I don’t know how they come up with the number but I’d be surprised if break even was 23k in 2020. RIOT’s cost per coin today is $7500 a coin. Granted once they work in dilution and c suite bonuses it gets up to like 100k+ per coin but that’s not really relevant to everyone’s true break even.

Profil3r

Last year I put 50% of my Roth in GBTC. Also COIN, MARA and RIOT. 2023 performance was 102%. This year I sold the GBTC and bought FBTC.

devett27

I think RIOT is best setup for the halving. They have the ability to sell massive amounts of electricity back to the Texas grid. I may be wrong but I think RIOT’s cost per BTC mined is currently $7500 vs CLSK around $35k

chumeanbro

You think you "missed the bull run" and you're afraid of buying at ATH ? Miners stocks (MARA, RIOT...) are oversold right now despite the latest crypto rally, you can start DCA into them for a guarenteed +100% at least

BitcoinFan7

Especially bitcoin-centric companies like RIOT for example, they must see the impact this sort of thing has on share price.

BitcoinFan7

Kind of curious why other bitcoin focused players like RIOT, etc. aren't doing the same strategy.

secondtrades

I'm long Bitcoin and I'm also curious. It is a good question. I know transaction fees will increase. I'm heavily in RIOT and IBIT (small position)

Kevcky

Frankly, now you're just wasting my time. It's literally called demand response mechanism. So yes that implies a mechanism on consumer side. I'm not saying it's the end all, be all of balancing. But DRMs are a well established mechanism for industries that consume large amounts of electricity, which help increase the predictability of on demand side or at a cost help to free up flexibility when needed. You asked what happens if they would not plan to turn it off, i'm just providing an answer. If you don't understand what I'm saying, then ask. I'm willing to explain. But here you're just cutting corners. For the record, [There are bitcoin miners like RIOT Platforms who are already participating in these type of contracts through ERCOT in Texas. Meaning they will resell pre-purchased power back to the grid](https://www.texastribune.org/2024/01/03/texas-bitcoin-profit-electricity/) whenever it makes sense to do so.

fireballx777

I'm kind of baffled why they're not pumping in tandem with Bitcoin price, as they've done in the past. MARA and RIOT are slightly down for the day, with ETFs up ~4.5%, and MSTR up over 9% (all as of the time of me writing this). This has been the trend for the past couple months. We might see miner stocks surge when FOMO kicks in, or they might be decoupled this cycle with people now having an easier avenue to get Bitcoin price exposure in their brokerage accounts via the ETFs

nyaaaa

> buying RIOT, MARA and COIN option calls!! Except if btc price suddenly drops a bit and you get striked.

Significant_Dog8031

2024 money glitch -> buying Bitcoin ETFs, RIOT, MARA and COIN option calls!!

Significant_Dog8031

That’s why I’ve been buying up Bitcoin ETFs, RIOT, MARA and COIN stocks too!

Significant_Dog8031

I heard that and got paid today. Will probably buy some RIOT and MARA calls Monday morning 🥰

ianyboo

How does HUT factor in with their strategy of just holding onto their BTC? (I own HUT, RIOT, and MARA do I'm curious how the dynamic will work out with their different approaches)

Significant_Dog8031

Close to 100%. If you don’t count stocks like RIOT and MARA. They technically mine Bitcoins 😊

Walternotwalter

FWIW: Fidelity announced that they were going to put FBTC into certain other funds (sector, target date), Fidelity has their own desk. This forced Blackrock to announce the same thing, but they use Coinbase. As such, there was a massive demand, but Blackrock wanted the price where it was, so they GME'd CB and/or CB ran out of BTC for retail. So the long and short of it is, imo, true value is still accelerating over 70, but if you are trading, this is extremely bullish for MARA and RIOT because they feed these desks. Play them playing catch up. Then the direct price of their product (mined BTC) will trail. Play that into May earnings. Should be nutty because by then we will be well over 80 post halving, probably much higher than that.

Significant_Dog8031

YEAH!!! RIOT and MARA! Keep mining that Bitcoin baby

Significant_Dog8031

Probably. I know RIOT bought more mining equipment though

Significant_Dog8031

Yurp. Also RIOT, MARA and COIN

DrunkandSingleGuy

I was dumb enough to buy call option for RIOT till the end of March. My logic was that stock bottomed, and bitcoin will hit 70-75k. But I was dumb enough, because I did not know about bito. Fuck. Answering your question, as for me it is 50/50. Honestly, I hope that bitcoin will break 70k today after stock market main session close, and will skyrocket. I guess you should keep your ass tight and take a risk, but only if you can afford it. And you will not care about this amount of losses. But still I hope that WE WILL FUCK THIS 70K BARRIER IN COUPLE HOURS💚💚

ZFaceMelon

I am currently down about 15% on RIOT. Last year I was down ~20% on airbnb but I waited and got $6 profit

Significant_Dog8031

Depends. I’m horrible at explaining so bear with me. Say you think the price of RIOT will exceed by a pass $15 and it’s currently below that, you would see how much it costs per share if it hits $15. Then you multiply that price per share by 100 and that’s how much it will cost for one call contract.

Significant_Dog8031

Try buying 1 contract, something cheap like RIOT for starters. That’s how I learned

Significant_Dog8031

RIOT and MARA calls my guy

Significant_Dog8031

If you’re looking for another infinite money glitch buying call options on Bitcoin mining companies like MARA and RIOT is there for you

barfalloverewe

Yeah I have the think miners are badly undervalued. Bought some RIOT as well and content to HODL for now.

Significant_Dog8031

RIOT calls all day!!! We’re printing money up til the halving baby

Significant_Dog8031

I’m all in Bitcoin mining companies like RIOT

Tiny_Abroad8554

I'm at about 15%, including all crypto, crypto aligned companies (ie COIN, MARA, RIOT), and BTC ETFs. The only ETFs specific to crypto are the new BTC ETFs, although there are some ETFs that holds companies that work in crypto (ie the companies I listed above as individual tickers). Before ETFs launched, your best way to purchase and hold was to buy and send BTC to a cold wallet. That requires having technical capabilities, as well as the ability to safely store your cold wallets mnemonic phrase. If you have no idea what that means, ETFs are the easiest way to buy. You can also buy ETFs inside your IRA.

RevolutionaryPhoto24

Yes, I hold MARA, RIOT and Cleanspark, and will be selling in advance of the halving while still up (and putting the proceeds into BTC and a few alts.) Many miners won’t survive after the event.

MakeItMine2024

Robinhood is easy to buy with. Not too many ETFs you can buy options on. Also I bought a few on RIOT.. they are a big commercial miner .. last time BTC hit 69000 RIOT was 71 per share. Back then they mined each BTC for 21,000 so at the peak they were netting 48,000 per coin mined. After the halving in April will cost them 42,000 per coin mined or about 20,000 relative to today BTC price. RIOT is currently only 14.50 per share so I believe BTC hits 500,000 in 2025 but I will use 200,000 to be conservative. At that amount RIOT would be netting 158,000 per coins or a little over 300% of what they did when the stock was 71. You can buy RIOT leaps with Strike prices for June 20 2025 and January 2026. I have June 2025 with a 10.00 strike cost about 900 for 1 contract ( the amount you actually pay for a contract is the amount time 100) These could potentially at BTC 200,000 be worth 150 to 200 per contract or 15000 to 20000 dollars 15X to 20x your money. Good risk to reward scenario

hashimotoalpentalic

Interesting thread. I’m mid 60’s. Didn’t get Orange pilled until 2021. First buy at $64k in ‘21…a smash buy. Weekly DCA and HODL since then with a large smash buy at $19k with my 2022 SEP IRA funds. Over last three months, have converted my brokerage accounts to 80% BTC proxies - MSTR, COIN, HUT, RIOT, MARA and my largest holding…BITB. Total allocation now at 50%. Risky, but I’m a believer. I lost everything in the ‘08-‘09 debacle. BTC will allow me to make up for decades of lost savings after the ‘09 real estate losses.

secondtrades

Yeah, I noticed the same thing and it's frustrating. I'm heavily in RIOT

craign_em

Long $RIOT 🤷🏾‍♂️

hashimotoalpentalic

Why are they diving on this epic up day? RIOT down 7.02%, HUT down 6.35%, CLSK down 13%, BITF down 10.73%. MARA is up 2.23%. Have investors lost confidence in this BTC proxy class? Have they decided to just play MSTR and the ETF’s? Opinions?

BThunderW

Any idea why the BTC Miners (RIOT, HIVE, HUT) and even MARA are underperforming BTC? Historically they always gained more than BTC itself.

zerosuneuphoria

RIOT has been lagging hard. CLSK is the leader and has been for months, insane strength. They were all up 15-25% yesterday though...

MakeTheLogoBiggerHoe

Meanwhile RIOT is down 3% on the day. Wut?

Present-Intention-62

I actually meant RIOT when I typed that, it was way low today. Lower than MARA. In the past the mining stock reflect bitcoin price. Just wondering if anyone had insight.

JBadleyy

DCA with 2x leverage on a mixture of Bitcoin related stocks (ARKB, MSTR, COIN, CLSK, RIOT, MARA)

Soras_devop

Combination of swing trading it so take profits and buy in at lower levels to average down overall cost basis, buy calls on BTC and miner ETFs such as MARA, RIOT, BTBT, etc. Use ledger x or other derivatives platforms to further average down cost basis and continue from there.

BMX_ROIDZ

> The only way that could be true is if they are doing something shady. No, I've seen EPA gov reps state plenty of lies in front of Congress, they simply have the view that all BTC is bad and are attacking BTC by going after $RIOT. The dude who runs the entire Texas powergrid had to explain to these EPA people that they had 0 clue what they were talking about and had a fundamanetal lack of understanding on how this deal works.

BMX_ROIDZ

lol WTF, $RIOT is a public company and has brokered a deal with the state of Texas to mine BTC. You're either purposely spreading false news or are just a moron. Maybe both.

MakeItMine2024

I’m also buying options on out of the money ETF CALLS / LEAPS and RIOT CALLS / LEAPS with mid 2025 and 2026 dates

Kronos5111

House house. Primary residence. Legit living in car. I’m yoloing 26 and single lol 4.37 BTC 25 MSTR 1500 RIOT 85 CRSP 50 COCA 20 JPM

TrollyMicTrollface69

Friday i sold CLSK RIOT AETH. Today i bought that delicious lil dip. Bitcoin is moving in an obvious bullsih channel, and with something that is anti-inflationary and has high demand, it can only Pop-asaurus rex.

Ryan_D_Lion

RIOT still knee deep in legal issues.

secondtrades

I love RIOT, only regret is that I sold some years ago but still holding a few thousand shares

Valuable_Talk_1978

Right, I sold a bunch of MARA and RIOT to load up on CLSK about a week before it went crazy. I read that only CLSK and BTDR will be profitable after the halving. Not sure how the author knows that since Bitcoin’s price will determine who’s up.

bigwavedave000

I have been doing your strategy for the last 4 years. It has worked out well. BTC, MARA, RIOT, AAPL, BRK-B

PoisonWaffle3

In my non-IRA accounts where I hold for at least a year and am willing to take some risk, and in my various wallets, I'm roughly at: 50% BTC, 20% CLSK (started way lower % but it 6x'd), 10% ETH, and the rest a good mix of GBTC, ETHE, RIOT, and the various Helium tokens (HNT, IOT, MOBILE). I think all of them are set for 2x to 20x gains this bullrun, just a matter of finding the top of each of them. If you're interested in miners, there's a whole group of people who discuss them on Twitter/X. PM me if you want.

Valuable_Talk_1978

Bitcoin, bitcoin etf (IBIT) in a Roth, and a ton of MARA, RIOT, CLSK, WULF, and BTDR. The miners seem to have increased volatility which equals gains. I’m up around 200% on those and up 100% on BTC. The difference is I won’t feel bad selling the mining stocks in a year. Just not sure what kind of pullback after the run we’ll have with the ETF’s steadily accumulating. I wanted to buy more BTC but might go for the other finite asset, real estate. If you’re young I’d go Roth IRA. Everyone talks like they’re planning on evading taxes later. (Believe me I thought about it lol).

TissueUnflawed

More interesting to know why all the other blocks are tagged. There's no requirement for a mining pool to tag its mined blocks Apparently, some of the other pools revealed publicly or to mempool.spac which bytes they've stamped the pool ID into (in the coinbase txinput scriptSig), and what code (if it's not plain text) matches which pool RIOT being missing means that mempool.spak has no lookup entry for whatever code RIOT sticks in its coinbase scriptSig. Maybe they recently changed it, or removed it out of embarrassment

PkmnTraderAsh

Why should they underperform after the halving? The tightening of supply with steady demand should keep profit at roughly the same level no? And miners have some ability to influence price by holding or selling (can reduce liquidity/float). Looking at the last halving: BTC peaked at +538% RIOT peaked at +3,500%ish MARA peaked at +6,500%ish and again at +10,000% BTBT peaked at +1,650%ish

Huge_Monero_Shill

Unless you have access to free electricity, you don't! Bitcoin mining is done at industrial scale. However, you are welcome to invest into public Bitcoin mining companies (like RIOT)

No-Department7714

$RIOT calls all day!

KonaBrad

I sold some crypto mining stocks 5 minutes before the closing bell on Friday (MARA, RIOT, CLSK, HUT) after a nice run up. When Btc drops 5% these stocks drop 10-15% then I'll rebuy. I know buying low and selling high is the opposite of what we're supposed to do, but I'm still learning. 🤙🏼

Longjumping-Limit827

It’s gonna be a RIOT! #CREAMFORTHEDREAM

kansai828

So this time some miners will not bankrupt?! What do you think of the miner stock prices be when halving starts or during next bull run? Sorry i m new, i see some mine stock prices went from $1-$10 to $7x last bull. Will it happen again? I mean now like MARA, RIOT are $15-$20 range . Might be 5x -10x again?

Warrlock608

I've been sitting on RIOT calls expiring in early May and it has been a rough 2 weeks. Today I'm +50% on that position, but still wayyyy down. Hoping this rally continues.

Erocdotusa

I'll believe it if RIOT ever hits $20+ again

Huge_Permission_8384

So what you’re saying is that MARA and RIOT are never gonna break their peak price due to the cost of mining each bitcoin doubling. Or is it possible that they break their previous peak price due to the halving?

Dramatic-Battle-9737

The cost of mining each Bitcoin will double. So for some time frame they could be unprofitable. How that affects them long term will depend on how Bitcoin price and on chain activity change. But in general the cost to mine 1 BTC has acted as a floor to price. Likely MARA and RIOT will weather the storm. A lot of smaller miners may not.

Huge_Permission_8384

How will the bitcoin halving affect bitcoin mining companies such as MARA and RIOT

GANJA2244

I have been playing with RIOT options, to momentarily increase gains more than I'd get from btc, and then use those profits to buy BTC I know it's risky, I have HODLd for a very long time, getting in early, but there's big potential and risk in this strategy, to accumulate more coin in the long run ;)

Meat_Influencer

RIOT

CoachBigSammich

I believe in RIOT’s most recent investor presentation they say they mine for like $5.5k/BTC

Huge_Permission_8384

What do you guys think of bitcoin mining companies like MARA and RIOT. I believe there is more profit with the mining companies as opposed to crypto itself. Please let me know what you guys think

PunxAlwaysWin45

Miners help stabilize energy grids, like RIOT, uses energy that is otherwise wasted and will shut down when winter storms hit to allow that power to go towards practical needs. Elsewhere, the miners are using mostly stranded or otherwise wasted energy like flared gas or hydro in the middle of nowhere.

HerboClevelando

Comparing one entire industry (Bitcoin mining) against individual companies in other entire industries is a false analogy. Better data to prove, or disprove, a point would either compare an entire industry to the Bitcoin mining industry, or to compare individual industry leading company revenues to RIOT, MARA, etc. And then do a chart comparing profits.

PunxAlwaysWin45

The ever increasing hashrate prove that there are. https://www.blockchain.com/explorer/charts/hash-rate any recent downturn is only temporary as companies like RIOT turn off their miners to support winter storm electricity use.

MosDaddyda

You could short MSTR or one of the miners like RIOT or MARA.

nycteris91

Who are the miners? RIOT and MARA? Or individuals?

nycteris91

When you say, the miners, are you referring to RIOT, MARA, etc?

BlazingPalm

If they haven’t planned accordingly, they deserve to go out of business. What miners are you talking about? All the big players, RIOT, MARA, etc have been continuously modeling various scenarios with price points and hashing power this whole time. For them to be put “out of the game” by the halving which is entirely predictable would be gross business negligence and deserved. For smaller miners, sure, but the bulk will keep mining and selling what they need to, otherwise hodling for post halving boost. IMO of course.

expensive_donkey008

Or RIOT, great company with a lot of potential to move up

El_Peregrine

GLD, IAU are available to Vanguard clients. In fact, until recently you could buy MARA, RIOT, HUT, GBTC. They are fucking themselves. I transferred my account last week.

Profil3r

Absolutely not. Start DCA if you can. (I use Bitwage for my part time job and love it.) You can also buy into the new ETFs, buy stock of companies that invests in bitcoin (MSTR) or buy stock of the miners. (Search BTC miners there are about 10 that are worth considering, MARA, CLSK, RIOT, etc.) Don't wait - bitcoin is the new real estate!

Goldi_lox1

I’m neutral on bitcoin. I think it’s a ponzi scheme and worthless but as a trading vehicle it is what it is. A highly volatile vehicle. that said, the day the power goes out via EMP, cyber attack (false flag by our own gov or otherwise) people will see how worthless a digital code really is. Until then they’l make up bs like “digital gold” etc.. Digital pet rock is my name for it. But… it’s a great trading vehicle through RIOT and MARA.. Swings are roulette-ish..

nerdy-nate

What happened to COIN MARA RIOT stock???

TheSagesOasis

The hottest 🔥 trades tomorrow will be: #Bitcoin $COIN 🪙 & $RIOT 🚨 Let’s get it!!!

Redditridder

This obsession with BTC ETF is silly. You can buy options on MARA, RIOT, MSTR which already strongly correlate with Bitcoin.