net one
7月前
Electricity is the issue. The cost to mine efficiently is prohibitive. That said there are others paths to success one being purchase of assets, Bitcoin included, as a closed end fund. This is a proxy for Bitcoin and a store of value the same as Bitcoin. Any progress on acquiring assets and the market capitalization resets to the upside.
They're not paying themselves much and have invested in services(attorneys, accountants) to keep this current.
In the words of Roaring Kitty, "As for me, I like the stock."
surfkast
7月前
This is not a real bitcoin mining operation. They have mined a miniscule amount since inception.
The only thing this is is to pay Knudson and his wife monthly rental income and paying on their loans.
All one needs to do is to read and undsrrstand the filings.
Total Income 676
Due to Related Parties
Loans from TL Funding
Loans from AHLLC 16,963 15,463
Loans From PK 187 173
Loans from PTH 17,615 17,615
Loans from TL Funding - Other 374,741 358,941
Total Loans from TL Funding 409,506
Total Current Liabilities 1,492,361
https://www.otcmarkets.com/file/company/financial-report/488537/content
surfkast
8月前
You do realize this is not a real bitcoin mining company. Never was. Plus per the filings they sold off most of the business! This is a Joseph Wade Mezey ATM the is Pink Limited as it is
The Company has strategically transitioned its primary business operations. Having fully depreciated and/or disposed of its Bitcoin mining
equipment, direct cryptocurrency mining is no longer a central focus, though minor residual revenues may continue from prior co-located
hosting arrangements. The Company maintains its exposure to the digital asset market through its holdings of MicroStrategy (MSTR) stock
and anticipates this will be a part of its ongoing strategy.
. All prior or currently winding-down bitcoin mining activities were conducted using equipment located at third-party
datacenter facilities.
As of February 28, 2025, the Company has fully depreciated and/or disposed of its Bitcoin mining equipment. Any residual value is deemed
immaterial.
https://www.otcmarkets.com/file/company/financial-report/472990/content
Also their website is down and for sale.
Vortex Brands Co.
3511 Del Paso Rd.
Ste 160 PMB 432
Sacramento, CA 95835
www.vortexbrands.us
+1 213-260-0321
info@vortexbrands.us
vortexbrands.us
is parked free, courtesy of GoDaddy.com.
https://www.vortexbrands.us/lander?oref=https%3A%2F%2Fwww.otcmarkets.com%2F
Products and Services
Vortex Brands' principal activities include gold advisory, strategic investment in digital assets through equity holdings, and the ongoing evaluation of new business lines.
Mined bitcoins enriched insiders!
This address has transacted 1,990 times on the Bitcoin blockchain. It has received a total of 5.65337116 BTC $687,951 and has sent a total of 5.65337116 BTC $687,951 The current value of this address is 0.00000000 BTC $0.00.
https://www.blockchain.com/explorer/addresses/btc/38xnQP3mbWoDQTqLZy3GFMZyd2bwigvwCp
TAKURI
8月前
🟠 Bitcoin mining difficulty has reached a new all-time high 🚀
When we say that Bitcoin mining difficulty has reached a new all-time high, this means that the Bitcoin network has adjusted its block solving difficulty level, making it harder than ever to mine a block.
Here's what this means:
What is "difficulty" in Bitcoin?
The Bitcoin network automatically adjusts the difficulty approximately every 2 weeks (2,016 blocks).
This adjustment ensures that, regardless of the number of miners (and their computing power), a block is found on average every 10 minutes.
Why does the difficulty increase?
If many miners join the network with powerful hardware (modern ASICs), the block solving speed accelerates.
The protocol then responds by increasing the difficulty to slow the pace and return to the target of 10 minutes per block.
Main consequences:
1. For miners:
It's harder to find a block ? more power (and therefore more electricity) is required.
Less efficient miners (high electricity costs or old hardware) risk becoming unprofitable.
2. For the network:
It's a sign of increased security: more computing power protects the network against attacks (like the 51% attack).
It also shows growing interest in mining (more machines connected).
3. For investors:
This is generally seen as a positive signal in the long term, as it reflects the strength of the network.
But in the short term, it can weigh on miners' revenues, especially if the price of Bitcoin doesn't rise as much as the difficulty.
In summary:Higher difficulty = the Bitcoin network is more secure than ever, but mining becomes more competitive and more expensive for miners.
eliminate
10月前
2025-104
Washington D.C., Aug. 5, 2025 —
The Securities and Exchange Commission’s Division of Corporation Finance
today issued a statement regarding certain liquid staking activities. This statement aims to provide greater clarity on the application of federal securities laws to crypto assets, specifically addressing a type of protocol staking known as "liquid staking."
Liquid staking refers to the process of staking crypto assets through a software protocol or service provider and receiving a “liquid staking receipt token” to evidence the staker’s ownership of the staked crypto assets and any rewards that accrue to them. The statement clarifies the division’s view that, depending on the facts and circumstances, the liquid staking activities covered in the statement do not involve the offer and sale of securities within the meaning of Section 2(a)(1) of the Securities Act of 1933 or Section 3(a)(10) of the Securities Exchange Act of 1934.
“Under my leadership, the SEC is committed to providing clear guidance on the application of the federal securities laws to emerging technologies and financial activities,” Chairman Paul S. Atkins said. “Today’s staff statement on liquid staking is a significant step forward in clarifying the staff’s view about crypto asset activities that do not fall within the SEC’s jurisdiction. I am pleased that the SEC’s Project Crypto initiative is already producing results for the American people.”
net one
10月前
Don't think my posts are funny? Neither do I. You know what else is not funny? No communication, not returning phone calls, no updates or encouragement. If mining Bitcoin is no longer viable pivot to another strategy. There are six chains quietly integrating Central Banks, partnering with governments, building tokenized corridors for real world assets. This means institutional money in their future. A closed end fund solves the difficulty of mining bitcoin issues and relieves CBTC of energy costs, expensive equipment ect. There are good shareholders here and I'll help you but we need to communicate.
Value_Investor
1年前
Which tells you that CBTC is Super Overvalued now comparing to its Same-OTC-CI-tier Red-Hot Bitcoin-Mining peer (VTX?) because this Pos Scam has been trading at Highly-Inflated Super-Ridiculous-High price levels $0.0014 ~ $0.0007 most recently! To be fair, CBTC should crash to the Same Bottom $0.0001 as its peer did!
It also tells you that CBTC is at Hyper Overbought status! So, the Huge price-crashing Correction to $0.0001 will kick in here anytime...
Anyway, Super-Hot Bitcoin has already soared 1,093,560-Bagger from its Historic Low $0.1 to the Record-high $109,356.00! But its peer (VTX?) still stuck at current GIANT-Discount BASEMENT price levels $0.0001 ~ $0.0002 since January 17, 2025! To match the Same Performance with Bitcoin, the peer will Easily And Quickly soar 955-Bagger to hit its recent high $0.0955 again in the coming days/weeks because 955-Bagger is equal to only Mere 0.008733% of 1,093,560-Bagger...
To recover the Huge Losses here, all the CBTC shareholders should Liquidate their positions at the bids ASAP before it Breaks Down 52-week-low $0.0004, then use all the cash proceeds to buy the Hidden Gem peer (VTX?) at its current GIANT-Discount BASEMENT price levels $0.0001 ~ $0.0002 then to wait for its Upcoming 955-Bagger Giant Rally in order to make Giant Investment Return in the short term!
https://ih.advfn.com/crypto/Bitcoin-BTC/overview
Note, the peer (VTX?) is seeking for an Huge Reverse-Merger or Buy-Out deal now according to today's Good News and its recent high was $0.0955 v.s. it is trading at Giant-discount BOTTOM price $0.0001 now!
Value_Investor
1年前
Yes, the Bitcoin has already soared 1,093,560-Bagger from its Historic Low $0.1 to the Record-high $109,356.00! But its Red-Hot Bitcoin-Mining peer (VTX?) still stuck at its current GIANT-Discount BASEMENT price levels $0.0001 ~ $0.0002 since January 17, 2025! Why? To match the Same Performance with Bitcoin, the peer will soar the Same 1,093,560-Bagger to create a New-Record High $109.3560 in the coming days/weeks...
Anyway, CBTC is Extremely Overvalued now! Because it is trading at Highly-Inflated Super-Ridiculous-High price levels $0.0007 ~ $0.0014 currently
Also, CBTC is at Hyper Overbought status! So, the Huge price-crashing Correction will kick in here anytime...
To recover the Huge Losses here, one should liquidate CBTC at the bids asap before it breaks down 52-week-low $49,050.01, then use all the cash proceeds to buy a Super-Undervalued And Hyper-Oversold Plus None-R/S-History Red Hot Bitcoin-Mining Hidden Gem at its current GIANT-Discount BASEMENT price levels $0.0001 ~ $0.0002 then to wait for its Upcoming 955-bagger giant rally to make giant investment return in the coming days/weeks! Note, $0.0955 was the recent high of the peer.
Super Hot Bitcoin has already soared 1,093,560-Bagger! So, 955-Bagger Quick Rally should be Very Easy to its Red Hot Bitcoin-Mining peer because 955-Bagger is only Mere 0.055% of 1,093,560-Bagger!
https://ih.advfn.com/crypto/Bitcoin-BTC/overview
surfkast
1年前
This scam has done nothing since inception except pay Paul monthly rents on his storage units he claims are bit coin mining operations.
From the last filing
Bitcoin held - intangible asset 3,491.74
Total Mining Equipment 0.00
Gross Profit 35.90
XTRA has generated minimal revenues and has had limited operations from inception to the period ended
September 30, 2024
XTRA, assisted by its legal counsel is seeking to file a Form 1-A, Regulation A Offering Statement with the SEC, to
raise up to $75 million in capital from security issuances to the public and is conducting an audit and taking all actions
necessary to proceed with the filing.
https://www.otcmarkets.com/otcapi/company/financial-report/416774/content
net one
2年前
The rest of it
41 years as the
Manager of construction related companies, with 26 years performing
bookkeeping and accounting services for these companies; and (iv) for
four and one-half years, he has served as CFO for two publicly-held
companies, and as CFO, represented these companies while they were
going through their auditing process in preparation of completing “Reg. A
Tier 2” offerings, where his duties included providing company
bookkeeping, coordinating with outside accountants, securities attorneys
and auditors of these companies
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Starlost
1年前
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