WALL STREET TRADER
Breakout Stocks – Corona Virus Stocks – Top Mining Stocks – Best Med Stocks
Graystone Company
GYST – OTC
Bitcoin Mining
High Speed Mining Computer Sales
Research Report GYST
Graystone Company is a Bitcoin miner who’s share price follows closely the price of Bitcoin
These shares hit a yearly high of $0.098 cents in March 2021 but a more recent three month high of $0.048 cents which we will call an intermediate top and upside resistance
The 50 day M/A is $0.033 cents on an average daily volume of 1.4 million for the same 50 days.
Volume has recently surged hitting 14 million shares on 1-6-22. Tax selling has cotributed to a recent selloff as did the decline in Bitcoin. Tax selling is now over and the decline in the price of Bitcoin behind us
These shares have come alive and we think a bottom has been set at current levels. We feel that these shares can challenge the $0.04 cent resistance level in the coming months .
We see Graystone Company shares advance towards its intermediate high breaking out then towards its 12 month high as the price of Bitcoin surges higher off of its recent bottom.
Bitcoin
Bitcoin was creaded in 2008 , as a digital currency that allows for peer to peer transactions via the internet. Bitcoin is decentralized and no central bank , country, administrator or authority has control.
Strictly a blockchain currency, which can not be inflated or manipulated by governments . A running ledger for all time is created in the cloud and backed up on millions of servers world wide with were only 21 million bitcoin created , with 18 million now in the system
Bitcoin Mining
Bitcoin mining is the process by which new bitcoins are entered into circulation; it is also the way that new transactions are confirmed by the network and a critical component of the maintenance and development of the blockchain ledger. “Mining” is performed using sophisticated computer hardware that solves an extremely complex computational math problem. The first computer to find the solution to the problem is awarded the next block of bitcoins and the process begins again.
Almost faster than the speed of light with super computer speed consuming megawatts of energy, all trying to be the first in solve one complex transaction block earning a fraction of a bitcoin.
Crypto Gold Rush
Cryptocurrency mining is costly and a huge consumer of electric energy running high volume and lightning fast machines
Nonetheless, mining has a magnetic appeal for many investors interested in cryptocurrency because of the fact that miners are rewarded for their work with crypto tokens. This may be because entrepreneurial types see mining, like California gold prospectors in 1849.
The Bitcoin reward that miners receive is an incentive that motivates people to assist in the primary purpose of mining to legitimize and monitor Bitcoin transactions, ensuring their validity.
Because these responsibilities are spread among many users all over the world, Bitcoin is a “decentralized” cryptocurrency, or one that does not rely on any central authority like a central bank or government to oversee its regulation.However it is possible that a financial authority can deny Bitcoin access through internet blockage
On Nov 9, 2021 Bitcoin hit a high of $66,935, and a recent low on Jan 10, 2022 $41,836
Graystone Company Announces Mining Performance Through December 31, 2021
FORT LAUDERDALE, FL , Jan. 11, 2022 /PRNewswire/ — Graystone Company, Inc . (OTC: GYST), is pleased to provide preliminary unaudited results for its mining operations through December 31 , 2021. The Company began mining September 15, 2021 . Between September 15, 2021 and December 31, 2021 , the Company generated $187,085.17 in revenue with a cost of goods sold of $124,423.64 for a profit of $62,661.53 .
We began with average of 1,100 terrahash (Th/s) for the months of September and October. Then we added 1,000 TH/s on November 1, 2021 for a total of 2,100 TH/s. Subsequently, 4,100 TH/s were added by acquiring 41 S19j Pro (100TH) machines, their installation at the hosting facility is expected to begin the end of January 2022 . Since our launch on September 15, 2021 , we have generated 0.88595251 Bitcoin with revenue of $48,285.17 , which is broken out per month below. Our costs related to the mining operation during this time frame was $9,973.64 for a profit of $38,311.53 . Additionally, in October 2021 , we began reselling mining equipment. Since then, we have sold 9 of the S19j Pros and generated revenue of $138,800 at a cost of $114,450 for a profit of $24,350 .
Bitcoin Mining Monthly Breakdown
|
Month |
Terrahash |
Bitcoin Mined |
Revenue |
Mining Expenses |
|
September 2021 |
1,100 |
0.09937408 |
$ 3,698.41 |
$ 929.50 |
|
October 2021 |
1,100 |
0.19254803 |
$12,366.06 |
$1,915.33 |
|
November 2021 |
2,100 |
0.30103452 |
$18,166.39 |
$3,545.00 |
|
December 2021 |
2,100 |
0.29299558 |
$14,054.31 |
$3,545.00 |
We have accomplished a lot since September 15, 2021 , and are excited about the continued growth planned for 2022 and beyond.
The Company’s Bitcoin wallet address can be found on our website at https://www.thegraystonecompany.com/blockchain . We endeavor to provide as much transparency as possible to our shareholders by providing our wallet address that shows the real time data that directly relates to our Bitcoin Mining activity, transactions and our BTC balance.
About The Graystone Company, Inc.
The Graystone Company has two distinct lines of business: (1) Bitcoin Mining; and (2) sale and hosting of Bitcoin mining equipment. The Company launched its Bitcoin Mining operation in May 2021 and began selling mining equipment in October 2021 . The Company’s Bitcoin mining wallet address can be viewed at anytime using this link: https://www.blockchain.com/btc/address/32nWKSce24EPUGXnkfqVdvUyWbrVUmwpAr The Graystone Company, Inc. ( OTC PINK:GYST ) is headquartered in Fort Lauderdale, FL. , and can be contacted at www.thegraystonecompany.com or by phone at (954) 271-2704.
Corporate Website: www.thegraystonecompany.com
Corporate Twitter: https://twitter.com/TheGraystoneco
Graystone Mining Twitter: https://twitter.com/Graystonemining
*Revenue related calculations. Please note that the Company believes that any revenue related calculations are accurate and based on factual information, there can be no assurance that the Company will be able to achieve all projections due to number of business-related factors, such as equipment pricing, mining equipment availability, bitcoin mining difficulty, bitcoin market pricing and other unforeseen issues in deploying its mining rigs. You can view update information on Bitcoin Mining by visiting https://minerstat.com/coin/BTC
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Neither PSN nor its owners, members, officers, directors, partners, consultants, nor anyone involved in the publication of this website, is a registered investment adviser or broker-dealer or associated person with a registered investment adviser or broker-dealer and none of the foregoing make any recommendation that the purchase or sale of securities of any company profiled in the PSN website is suitable or advisable for any person or that an investment or transaction in such securities will be profitable. The information contained in the PSN website is not intended to be, and shall not constitute, an offer to sell nor the solicitation of any offer to buy any security. The information presented in the PSN website is provided for informational purposes only and is not to be treated as advice or a recommendation to make any specific investment. Please consult with an independent investment adviser and qualified investment professional before making an investment decision. The writer paid $3000 . Writer dose not own shares in this company