- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Eric Trump: “Welcome to American Bitcoin”
Posted on 11/24/25 at 11:19 pm to 3down10
Posted on 11/24/25 at 11:19 pm to 3down10
Here is an example company: LINK
At the end of the day what they are selling and bringing to market is energy. The vehicle to store the value of energy is bitcoin.
It’s cheap and availability in West Texas.
At the end of the day what they are selling and bringing to market is energy. The vehicle to store the value of energy is bitcoin.
It’s cheap and availability in West Texas.
1
Posted on 11/24/25 at 11:20 pm to Sassafrasology
quote:
2% of the BTC mined in a day.
Not 2% of all crypto. Geez…
Is that why he directly, and clearly says 2% of the worlds crypto supply?
Posted on 11/24/25 at 11:22 pm to Sassafrasology
quote:
Because it’s the president’s son touting his new project on X. I have not looked into it but part of the business model may entail eventually selling mining space to the public for a fee.
Well if it isn't a scam coin or the government doing private business things, I don't really care about it.
Thanks for the clarification.
Posted on 11/24/25 at 11:23 pm to 3down10
I don’t think it’s a coin at all. It’s a mining operation.
Posted on 11/24/25 at 11:27 pm to Sassafrasology
quote:Mining Bitcoin at home does not tell you anything about whether Trump’s mining company is a pump and dump. Their product is not Bitcoin itself. Their product is their stock. The whole pitch is that their mining operation will be profitable, which is exactly the setup that most pump and dumps in the mining sector have used for years.
It’s not a pump and dump. You can buy bitcoin miners right now and set them up in your guest bedroom and start mining tomorrow.
It is like saying a shady gold-mining stock cannot be a scam because gold is real. The existence of the commodity does not guarantee the legitimacy of the company. In this case you are buying Trump-branded equity, not a miner, and those are two completely different things.
Posted on 11/24/25 at 11:27 pm to Gusoline
quote:
Is that why he directly, and clearly says 2% of the worlds crypto supply?
He meant 2% of all the BTC mined in one day. He was just expressing how large their facility is. I asked AI how much BTC is currently mined in a day across the globe and it answered with 450 BTC. So this server farm is mining about 9 BTC per day.
The possible amount of BTC that can get mined slowly decrease everyday.
Posted on 11/24/25 at 11:31 pm to lurking
quote:
I don’t think it’s a coin at all. It’s a mining operation.
Yeah, I've considered starting a similar business and have dabbled in it on a smaller scale.
Posted on 11/24/25 at 11:34 pm to 3down10
Not a bad idea. You can snag some Bitmain Antminer models for under 5k.
Posted on 11/24/25 at 11:34 pm to northshorebamaman
quote:
Mining Bitcoin at home does not tell you anything about whether Trump’s mining company is a pump and dump. Their product is not Bitcoin itself. Their product is their stock. The whole pitch is that their mining operation will be profitable, which is exactly the setup that most pump and dumps in the mining sector have used for years. It is like saying a shady gold-mining stock cannot be a scam because gold is real. The existence of the commodity does not guarantee the legitimacy of the company. In this case you are buying Trump-branded equity, not a miner, and those are two completely different things.
Here is a link to ABTC: LINK
It looks like the only way for the public to get involved is stock investing on the NASDAQ. It also looks like their competitive advantage is cheap energy.
Posted on 11/24/25 at 11:36 pm to Sassafrasology
What you linked is a hosting company. They rent rack space and power so people can park their miners. That has nothing to do with whether American Bitcoin Corp is a pump and dump.
EZ Blockchain sells hosting services. Trump’s company sells a stock. Two completely different businesses.
If you think the “product” Trump is bringing to market is energy, then you are actually proving the opposite point. Hosting companies like the one you linked charge for electricity and uptime. They are not publicly traded hype vehicles tied to a name. They don't depend on speculation to survive. They just lease power and space.
This is not that. It is a stock tied to a mining operation and the Trump brand, which is exactly the type of structure where pump and dumps usually happen.
It is like pointing to a normal mining equipment supplier to defend a speculative mining stock. The existence of a real service does not make the stock legitimate.
EZ Blockchain sells hosting services. Trump’s company sells a stock. Two completely different businesses.
If you think the “product” Trump is bringing to market is energy, then you are actually proving the opposite point. Hosting companies like the one you linked charge for electricity and uptime. They are not publicly traded hype vehicles tied to a name. They don't depend on speculation to survive. They just lease power and space.
This is not that. It is a stock tied to a mining operation and the Trump brand, which is exactly the type of structure where pump and dumps usually happen.
It is like pointing to a normal mining equipment supplier to defend a speculative mining stock. The existence of a real service does not make the stock legitimate.
Posted on 11/24/25 at 11:37 pm to Sassafrasology
quote:You're so close to getting it.
It looks like the only way for the public to get involved is stock investing on the NASDAQ. I
Posted on 11/24/25 at 11:42 pm to northshorebamaman
You don’t have to invest
Posted on 11/24/25 at 11:43 pm to lurking
Oh, I won't. Once you notice the public cannot “mine with them,” “host with them,” or “use their energy,” and the only public-facing product is the stock itself, the picture becomes very clear.Posted on 11/24/25 at 11:46 pm to lurking
quote:
Not a bad idea. You can snag some Bitmain Antminer models for under 5k.
It's mostly about the cost of electricity and cooling that has prevented me from doing it. Solar to run just one of those is probably 5k minimum DIY, and I'd want to run many of them. While a bigger kit can reduce the cost per miner, it also increases the space I need for solar etc. I'd have to move in order to scale it.
Also while the newer miner speeds are very impressive, I kind of look at the older ones that are now basically not profitable and that's a cause for concern.
I should have done it 15 years ago but I thought for sure they'd strike it down since alternative currencies are illegal. But I guess the commodity argument is going to stick.
Posted on 11/24/25 at 11:46 pm to HailToTheChiz
The grifting never ends.
Posted on 11/24/25 at 11:49 pm to northshorebamaman
But then again, they’ve got an Asian guy named Mike as CEO.
Mike Ho wouldn’t lie to me I feel like.
Mike Ho wouldn’t lie to me I feel like.
Posted on 11/24/25 at 11:49 pm to northshorebamaman
quote:
What you linked is a hosting company. They rent rack space and power so people can park their miners.
I posted that link before I googled ABTC.
Posted on 11/24/25 at 11:52 pm to northshorebamaman
I’ve seen A LOT worse pump and dump schemes on the stock exchanges over the years.
Posted on 11/24/25 at 11:52 pm to lurking
quote:Ho's lie to me all the time.
Mike Ho wouldn’t lie to me I feel like.
Posted on 11/24/25 at 11:54 pm to Sassafrasology
That's for sure.They'll mine plenty of maga money.
Page 4 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News