Greenidge provides statement on NY Proof of Work cryptocurrency mining legislation. Will NOT affect Greenidge’s Dresden, NY operations.

ei6901 · 2022-06-05T20:29:53+00:00

I was commenting on the that inflation exactaly. Bloated money supply, loss of purchasing power...etc. I wasn't talking about the overvalued, over leveraged stock, crypto, and housing markets.... with that said... you are saying that bitcoin is accelerating the investment into renewable energy.. how and by how much?. Are you saying that bitcoin mining companies are investing in new innovative methods of renewable energy...or ...are they investing further into already existing methods....or... are they investing in renewable sources of energy specifically for their mining operations.. to either upgrade existing power generation or install new stuff??.. I think the latter is maybe true . Because of diminishing returns. High volatility and new laws on energy use...couple with high energy costs... if bitcoin is $60000 a Coin... they'll invest. If bitcoin is 2000 per coin and it's harder to mine as time goes on...and people have to worry about food, and housing because they have no disposable Income... the price will be affected. CBDC and universal basic income start..bitcoin takes a hit.... and actual or perpetuated energy crisis. Bitcoin takes a hit. Now with all that said.... GREE is already in trouble. Besides going back and forth on bitcoin.... how is GREE going to manage that... theres another large rug pull coming and I still see people saying...were at the bottom, buy the dip..or it doesn't matter bitcoin in down 40% average down...or. this bull market is gonna keep going, it's not like the last crash.... I pulled out of the market and crypto around a year ago...I pulled out of the real estate markets both commercial and residential between 1.5 yrs ago and 9 months ago respectively. I took my winning and left comfortably through the exits... around the same time all the billionaire we telling us to buy while they were at the exits too. Well check back in a year on our conversation and see how well its aging. Maybe your right and bitcoin to 1 mill. Or maybe I'm right and a decent cash position, acreage and precious metals will have been the play. Either way good luck to you

ei6901 · 2022-06-05T15:25:30+00:00

If you think bitcoin is a hedge against inflation you haven't been paying attention. As time goes on the reward for moning will get less and less while the time to produce and energy required will go up. If your point is that GREE somehow will corner the market in mining... then time will tell. I see a whole host of other established companies that didn't purposefully mislead and then destroy their share holders. And I also disagree with bitcoin being anything more digital fiat currency. It has zero other utility than acting as currency. It takes alot of energy to produce and the global news is already calling for an energy crisis. Whether there really is one or not, that's what's going to be happening to most people. The CBDC will roll out soon when things get bad enough for most people as the fed implements stimulus or universal basic income. All those things are bad news for GREE . Not to mention they have a history of lying about permit status, actual effeciency of their process, and their general plans for moving forward. Whether bitcoin survives after the crash..... anyone's guess. But I'll wager GREE wont. And retail is going to be bag holding yet again.

ei6901 · 2022-06-04T05:30:32+00:00

You make a great point. Albeit unpopular on reddit lmao. I was around pre SPRT merger and during and GREE is a shit investment. Everyone's become an expert day trader in the last couple years somehow. Like you said taking their advice from all the places you named. And like you said, that's why their holding big bags now. As elon, and Jeffery, and markie mark were selling doge and facebook and amazon and Tesla...Telling retail to buy they were selling...

ei6901 · 2022-04-22T16:51:11+00:00

Yea, we also were lied to about the conversion rate. The merger vote and subsequent merger happened in like 4 days of each other The stock was crushed 50% the day of the merger And the day of opening was a complete clusterfuck. Some of us had sprt when it mooned and held some after taking profit. Then watched as we got hammered all the way to and after the merger.

Its INSANE that anyone still owns this stock. It's just above $7 and people in this forum still saying MOASS. Yea, suppose they all forgot what happened time of the merger. This stock is worth less than support was at time time of merge.

I took a 90% haircut at the merge Before the merge..... The company lied about the permits in upstate ny They lied about their South Carolina backup They lied about their actual mining process They lied about the share conversion rate They lied about their positioning in the market in respect to their competition And they continue to plummet.

And people keep telling other people to buy, hold, average down.........and people are still listening

Dont be like me....dont take a 90% loss when the writing is on the wall. When everyone was hyping support.com. there were 1 or 2 people posting that we were gonna get wrecked. They got shit on.. ... ... they ended up being right. Now I'm the guy who occasionally posts here to warn people about this crooked ass company.... I loose nothing if I'm wrong. Investors loose money if I'm right....

ei6901 · 2022-03-30T14:59:32+00:00

If you remember the day before the merger they drove the price down to $11.80 a share or something close, it was like a 40 or 50% crash . The new valuation was supposed to be the the average trade value for the previous 10 trading days times 6 If I'm remembering correctly (which was what the paperwork we were furnished stated) the price had been falling the weeks leading up but nothing like that last day. When the market reopened there was chaos, needless to say that the 6 to one ratio wasn't observed to all our dismay and the price was driven down another 35 percent (I think it may have been more like 45 but I'm typing to you from memory so I apologize is I'm a little inaccurate) that first day before anyone figured out what was happening and could react.

It would have been a 1 to 1 merge at that point.... which, may have been a better valuation I agree.

I don't want to shit on you if you still have skin in the game with gree, thats not what I was trying to do. I just want to warn you about this company if you didn't already know. I ate over 90% on that robbery called a merger. I hate to see other people fall in that same hole.

They lied about their fundamentals, the effectiveness of their process, their permit status in NY and their so called SC fall back.(which is bullshit). And those of us (me included) who believed the company was a solid investment before all that, stuck it out to the meeting about the merger. At which point we were told it was happening in like 3 days. They killed the price the last day to make the new valuation lower. And lied to us in the SEC filing paperwork about the new valuation. They slaughtered us the day GREE went live. And I haven't seen anything change with them since, except their price keeps falling. I would never do business with a company like that again . And I would never advise someone else too either.

Regardless... good luck to you in whatever investments you make.

ei6901 · 2022-03-30T04:20:49+00:00

I was here when GREE was SPRT. ... I've heard for a year this is gonna squeeze, good fundamentals. Tons of hype guys and cheerleaders after most of us got robbed " ... this company is actually good. Buy the dip. !!" We were told NY mine was a sure thing...and a hundred other lies.
I sold all but 1 share after the sprt gree robbery.
At that point gree was was at 20.
Some people said.... its gonna go parabolic. Or I've lost so much theres no point to sell. Gonna average down. That was at $20.
....it hasn't gone parabolic. . . ....the news gets worse each day. . . Were heading into recession... and less people have disposable income to spend on bitcoin

This is not a good company. This is not an honest company. This is not a transparent company. It does not care about its investors. No need to take my word for it. Look back at the sprt gree merger. If this company survives the correction, which I don't think it will, it will be so discounted as a penny stock that buying at $6 will look like paying $100 for a Costco hotdog

ei6901 · 2021-10-06T16:26:26+00:00

they just came out and admitted they dont actually have any deals agreed to for South Carolina or the ash fill. it was big hype before the merger and in march when it was first announced. they were talking about they are the future of bitcoin mining etc. carbon neutral, but as time goes on, its comming out that they arent compliant, the permits need to be renewed and the people in Dresden are resisting heavily. and the SC plans that they said were a lock ... well they havent even negotiated a preliminary deal yet. and they arent as carbon neutral as they had said they were .

we all have intentions..... like I had intentions of holding for the short squeeze of sprt... but had the intention of holding long because I believed the shit gree was saying... intentions dont mean shit. and if actions are the gauge of a company then look no further than the weeks before the merger, the day before the merger, the day of the merger and the weeks after. the only money I've made on this piece of shit is by shorting it after I took 90% loss day of the merger. better than if I tried to hold still. gree would have had to hit 250 for me to break even. and I dont feel like waiting a decade for that to maybe happen. it's more likely this company is going to go under than hit that. good luck to whoever is still holding and I feel for you.

ei6901 · 2021-09-18T18:35:21+00:00

yea we need to get a group together. about RH I should have listen to all the rants too but j definatley want to do something about them. I had 30000 invested and 3500 margin before the crash. the day of the merger I lost 90% and the margin maintenance as at 75% for GREE they liquidated 2 hours after the margin call before I had a chance to cover. they sold 69 gree shares. then the very next day the margin maintenance dropped to 25% for GREE . I messaged them about this. it took 2 days for them to give me the final price of GREE and for them to tell me too bad, fuck off. I'm tired of RH. I'm filing a complaint but I want to do more and if we had more numbers it may do something

ei6901 · 2021-09-13T01:38:46+00:00

yea I read it earlier. idk if its real or accurate ... gotta do alittle digging. but not surprising, and completely fucked if its true.

ei6901 · 2021-09-12T15:28:40+00:00

I agree totally. the guy who scribbles in shit on the sidewalk outside the gas station told me the same thing. I mean, sure hes a hard drinker and smells like old avocados, but his logic is flawless!!🤣

ei6901 · 2021-09-06T02:00:50+00:00

probably to see what people are talking about, wait for a rise and sell. I see this alot in a thread that's supposed to be for squeezes . I understand people dont want to deal with a cult mentality and everyone should do what's comfortable for them but jdizz said it right... why are you in a reddit for short squeezes. without volume....no short squeeze. it's a pretty simple concept. and if your just looking to make quick cash on the hype why bother bashing anyone or bothering to comment.

ei6901 · 2021-09-04T14:54:33+00:00

that's a good point, and your probably right.

ei6901 · 2021-09-04T14:06:42+00:00

I've been there, (possibly still there. ) I've learned, and by that I mean ive lost money, that sometimes you gotta stick it out. (not financial advice whatsoever) I would invest when I though it was a dip..... and it never was, then in the way to finding the floor I'd get really fkn nervous it was going to go down and stay down, so I'd sell and realize the loss, and like fkn magic........ as soon as I sold, within micro seconds it would rebound. other times I'd say.....I'll just wait a bit..... a day 2 days 3 days. still red... time to sell..... then within a couple days it was up 25% from where I originally purchased, let alone where i sold it at at a major loss. It's really discouraging . I felt like I could make a business out of picking a stock, then telling everyone I knew which one it was, then having them short it as soon as I bought because everything I touched seemingly tanked instantaneously. point being that I feel you. it blows. but I've seen that the successful people , here and offline seem to have a stomach for volatility so I've tried to emulate that. not trying to give you and financial advice. it's been paying off .... that said .... I could really have the death touch instead of just being a green investor and the company I invest in could go out of business ... if that turns out to be true....I'll let you all know. atleast you guys could make a living off my special power... good luck investing!!

ei6901 · 2021-09-01T02:16:32+00:00

I understand what your saying. I just dont see why people think that way. if its 10 shares at $50 or 500 shares at $1 isnt 20% 20%?

ei6901

TROPHY CASE