by The Medianistas | Aug 4, 2022 | Business, Crypto, Uncategorized
In the Q1 report, RIOT had $113M in cash as of March 31, 2022 and spent a net of $198M cash over those 3 months ($66M / month). Now, 4 months later, what might we estimate has happened since: Another -$264M spent (continuing the $66M / month). +$140M raised in April...
by The Medianistas | Jul 18, 2022 | Crypto, Deceptive Marketing, Find the Fraud, Uncategorized
Last year RIOT started adding an attachment to it’s monthly production updates with a chart of what the projected hashrate would be in the future. Each month, we got a new actual hashrate and a new projected hashrate schedule. I spent some time pulling every one...
by The Medianistas | Jul 18, 2022 | Crypto, Ethics, Find the Fraud, Guest Contributors
Bitcoin requires an immense amount of energy. Here’s why that’s sparking a crypto backlash By — Judith Lewis Mernit, Yale Environment 360 The first time Jackie Sawicky learned that a Bitcoin mining operation was coming to Corsicana, a rural Texas city 60 miles south...
by The Medianistas | Jul 6, 2022 | Crypto, Deceptive Marketing, Find the Fraud, Opinions, The Economy, Trend Tracker
These are miners that profit less than $1,000/year and will be unprofitable in 22 months. No need to take my word for any of this, everything has links. All approximate. Tell me if I messed up any calculation. Do your own research. Not financial advise. In the Q1...
by The Medianistas | Jun 25, 2022 | Crypto, Find the Fraud, Guest Contributors, Scams, Seeing Into the Future
Chad Everett Harris, GigaChad, Chad H. keeps posting videos about how RIOT is “crushing it” even though Bitcoin is at about $21,000 (Seeking Alpha maintains Bitcoin has to be at $35,000 for RIOT to be profitable) — and RIOT shares are at about $5.50...