icehouse (OP)
Jr. Member
Offline
Activity: 37
Merit: 1
|
|
May 17, 2018, 11:12:52 PM Last edit: May 17, 2018, 11:27:05 PM by icehouse |
|
Hi guru,
crypto mining consume electricity, electric cars consume electricity,
I don't know which coins (btc or eth) will win the games or which automaker (tesla, or gm) will win the games
but pretty sure demand of elelctricity will skyrocketing in the future.
I live in NYC area, I know con edison and pseg. but not many large scale mining farm here as electricity is expensive here.
Sincerely, asking for the best listed electricity company to buy a few share per month.
Thanks everyone!
|
|
|
|
icehouse (OP)
Jr. Member
Offline
Activity: 37
Merit: 1
|
|
May 18, 2018, 01:39:24 AM |
|
pump
|
|
|
|
kalawang
|
|
May 18, 2018, 02:55:05 AM |
|
Hi guru,
crypto mining consume electricity, electric cars consume electricity,
I don't know which coins (btc or eth) will win the games or which automaker (tesla, or gm) will win the games
but pretty sure demand of elelctricity will skyrocketing in the future.
I live in NYC area, I know con edison and pseg. but not many large scale mining farm here as electricity is expensive here.
Sincerely, asking for the best listed electricity company to buy a few share per month.
Thanks everyone!
if you have a cryptocurrency earner you must have a proper Electricity whether if you are a trader or miner. you should have a proper electricity and of course internet. this are the basic need when we are cryptocurrency earner. you can check your investment anytime you want just should have a proper electricity and internet connection
|
|
|
|
cellard
Legendary
Offline
Activity: 1372
Merit: 1252
|
|
May 18, 2018, 03:17:06 AM |
|
I wouldn't count on Ethereum winning anything, specially on the mining field. Remember that Ethereum will have a hardfork soon to PoS (proof of stake) so Ethereum will no longer have miners. Now when it comes to Bitcoin.. it's difficult to say which electricity company stocks to buy. You must look at where the hashrate comes from and it comes from China mostly, and im not sure what stocks related to electricity I would pick. Non-China based, I only know MGT Capital Investments Inc. (MGTI) which is owned by McAffee. MGT Capital Investments began Bitcoin Mining September 2016 in Washington State and these facilities are still mining today. These units laid the ground work for our self contained mining containers which can hold up to 400 Bitmain S9 Antminers enabling us to stay mobile if needed.
Our latest Bitcoin Mining facility is in Northern Sweden. We scouted for locations in 2017 and found a location which can hold close to 20,000 Bitmain S9 Antminers. So this would be an option. If you can, avoid investing in Chinese stuff, they have enough power on that field already.
|
|
|
|
Hydrogen
Legendary
Offline
Activity: 2562
Merit: 1441
|
|
May 18, 2018, 03:18:10 AM |
|
Hi guru,
crypto mining consume electricity, electric cars consume electricity,
I don't know which coins (btc or eth) will win the games or which automaker (tesla, or gm) will win the games
but pretty sure demand of elelctricity will skyrocketing in the future. There is a chance electricity demand won't increase as much as some might expect. A paradigm shift from gasoline powered cars and diesel powered trucks towards electrically powered vehicles shifts energy demand from oil to the electrical grid. This comes with an energy surplus. Internal combustion engines in cars are credited with being around 15% efficient. Hydroelectric and other methods of generating electricity which are associated with energy grids can be as high as 30% efficient which gives energy produced by the grid roughly two times the efficiency of energy normally extracted by cars and trucks on the road. Energy produced by power grids are also becoming increasingly decentralized. Rather than relying on state subsidies or big start up costs necessary to build new power plants, there is a significant shift towards people moving off grid, becoming more energy independent via installing solar panels or windmills on their homes. In some states like california they have reported that electricity generation from residential solar panels is so high they actually must pay neighboring states to accept their excess electricity or else they risk damaging their own electrical grid due to an excess of power. Since bitcoin mining operations can be setup anywhere in the world with a decent internet connection, miners have their choice in terms of where they choose to establish themselves. This flexibility in location translates to miners often opting for hydroelectric power, which is cheaper than coal, in areas where there is a surplus of electricity which translates to lower overall electricity per watt prices. In a sense, it doesn't matter if bitcoin mining consumes a ton of electricity, generally the large majority of it will be generated via green methods like hydroelectric and industrial mining will typically take place in areas where there is an excess of electricity which will prevent mining from making electricity a scarce resource. There is a lot which could be said on this topic that isn't being commented on by anyone in the media. I'm only covering the general points, here.
|
|
|
|
Don Pedro Dinero
Legendary
Offline
Activity: 1442
Merit: 1688
|
|
May 18, 2018, 03:31:48 AM |
|
I haven't looked at the data recently but I bought some time ago Emerson Electric shares. It's a global industry manufacturer and a Dividend King. It is a must in a diversified portfolio.
|
| Duelbits | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ | | TRY OUR UNIQUE GAMES! ◥ DICE ◥ MINES ◥ PLINKO ◥ DUEL POKER ◥ DICE DUELS | | | | █▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ KENONEW ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄█ | | 10,000x MULTIPLIER | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ |
[/tabl
|
|
|
The Sceptical Chymist
Legendary
Offline
Activity: 3472
Merit: 6958
Top Crypto Casino
|
|
May 18, 2018, 03:50:59 PM |
|
I don't think investing in utilities as a way to anticipate demand because of mining or bitcoin use, BUT utility stocks are pretty good on their own because they generally pay really good dividends.
One of my favorites is American Electric Power (AEP), which currently is paying around 3.8% as a dividend. They provide power to parts of the midwest if I'm not mistaken. Eversource (ES) is another one. They're out of Texas but provide power to parts of New England, and their yield is around 3.5%. Even if you didn't benefit from anything related to bitcoin's power consumption you'd still be earning a decent dividend income. The downside is that you won't see much in terms of capital gains (probably).
You said you know about Con Ed, and that's a great stock as well. One of the biggest and best utility plays there is.
|
|
|
|
Beerwizzard
|
|
May 18, 2018, 04:15:46 PM |
|
Just imho but it is not the best move to invest in electricity producing companies. It feels like there will be a huge lobbyism of "green energy" (like it happens right now with electric cars) while none of the green energy producing enough power to fill any serious demand. Doesn't matter how good is the company now when tomorrow it may get drawned by green lobbyists.
|
|
|
|
icehouse (OP)
Jr. Member
Offline
Activity: 37
Merit: 1
|
|
May 18, 2018, 05:40:41 PM |
|
I haven't looked at the data recently but I bought some time ago Emerson Electric shares. It's a global industry manufacturer and a Dividend King. It is a must in a diversified portfolio.
Thank you Don, I am looking for electricity company with good dividend
|
|
|
|
icehouse (OP)
Jr. Member
Offline
Activity: 37
Merit: 1
|
|
May 18, 2018, 05:43:49 PM |
|
I don't think investing in utilities as a way to anticipate demand because of mining or bitcoin use, BUT utility stocks are pretty good on their own because they generally pay really good dividends.
One of my favorites is American Electric Power (AEP), which currently is paying around 3.8% as a dividend. They provide power to parts of the midwest if I'm not mistaken. Eversource (ES) is another one. They're out of Texas but provide power to parts of New England, and their yield is around 3.5%. Even if you didn't benefit from anything related to bitcoin's power consumption you'd still be earning a decent dividend income. The downside is that you won't see much in terms of capital gains (probably).
You said you know about Con Ed, and that's a great stock as well. One of the biggest and best utility plays there is.
Thank you Pharma, 3.8% is not bad
|
|
|
|
vit05
|
|
May 18, 2018, 06:33:25 PM |
|
If it were to bet on any, I would bet on companies linked to renewable sources. Mostly solar and wind.- Ormat Technologies Inc. New York NYSE: ORA 2004 Geothermal, Solar
- Renewable Energy Group, Inc New York NASDAQ: REGI 2012 Renewables
- Ascent Solar Technologies, INC New York City OTCQB: ASTI 2006 Photovoltaics
- Aventine Renewable Energy New York City NYSE: AVR - Bio Energy
- Azure Power New York City NYSE: AZRE 2016 Solar
- Ballard Power Systems New York City NASDAQ: BLDP 1995 Fuel Cells
- Brookfield Renewable Energy Partners LP New York City NYSE: BEP 1995 Hydroelectric, Solar, Wind
- Canadian Solar, INC New York City NASDAQ: CSIQ 2006 Photovoltaics
- China Sunergy Co, LTD New York City NASDAQ: CSUN 2007 Photovoltaics
- DayStar Technologies, INC New York City NASDAQ: DSTI 2004 Photovoltaics
- Enphase Energy New York City NASDAQ: ENPH 2012 Photovoltaics, Solar
- First Solar Holding, LLC New York City NASDAQ: FSLR 2007 Photovoltaics
- Gevo, Inc. New York City NASDAQ: GEVO 2011 Bio Energy
- Green Plains Renewable Energy, INC New York City NASDAQ: GPRE Ethanol
- H/Cell Energy Corporation New York City OTCQB: HCCC Hydrogen Energy Systems
- JA Solar Holdings Co, LTD New York City NASDAQ: JASO Photovoltaics
- LDK Solar Co, LTD New York City OTC Pink: LDKYQ Photovoltaics
- Liberated Energy Corp. New York City OTC Pink: LIBE Wind, Solar
- Ocean Power Technologies, INC New York City NASDAQ: OPTT Wave
- ReneSola, LTD New York City NYSE: SOL Photovoltaics
- SolarEdge Technologies, Inc New York City NASDAQ: SEDG Photovoltaics
- Solarfun Power Holdings Co, LTD New York City NASDAQ: SOLF Photovoltaics
- SunPower Corporation New York City NASDAQ: SPWR Photovoltaics
- Sunrun New York City NASDAQ: RUN Photovoltaics
- Suntech Power New York City NYSE: STP Photovoltaics
- Trina Solar, LTD New York City NASDAQ: TSL Photovoltaics
- Verenium Corporation New York City NASDAQ: VRNM - Biofuels
- Vivint Solar New York City NASDAQ: VSLR Photovoltaics
- Yingli Green Energy Holding Co, LTD New York City NYSE: YGE Photovoltaics
|
|
|
|
cellard
Legendary
Offline
Activity: 1372
Merit: 1252
|
|
May 19, 2018, 03:28:00 PM |
|
Dividends are good, but you will not get rich from that... it's the already rich people that can make a good living off small % dividend returns alone.
If you are born without look, like 99% of us, you need to take more aggressive positions and assume higher risk. The less capital you have, the highest risk and the higher creativity you must take into your moves.
If you are born with millions you can put it on the S&P500 and just chill while making millions doing nothing, if not, then things like Bitcoin are what creates new wealth. That, or getting at the bottom of the next big stock to blow up, etc. You must beat the time/money graph somehow.
|
|
|
|
squatz1
Legendary
Offline
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
|
|
May 19, 2018, 04:59:22 PM |
|
The thing with these elecricity companies is the lack of expansion, which pretty much means that they have a monopoly in the area they're in and they're not going to expand more to get more customers -- unless more building occurs where they are. Due to these, these stocks don't have much volatility. These stocks are income stocks, meaning that they pretty much just pay out a good amount of their earnings in dividends to people who own their stocks.
I'd rather buy an index fund then bet on different companies.
|
|
|
|
Hydrogen
Legendary
Offline
Activity: 2562
Merit: 1441
|
|
May 19, 2018, 11:42:12 PM |
|
The thing with these elecricity companies is the lack of expansion
I agree with that in terms of residential energy sectors. The construction of real estate and living spaces in the united states is not keeping pace with population demand. This reduces electrical consumption by a significant factor via producing a higher population density per household (with lower energy consumption) than would otherwise be necessary. It also artificially boosts the value of real estate via it becoming a more scarce resource. Total number of bitcoin users doubling every 12 months or so is the type of massive growth investors look for in an industry. Electrical growth isn't likely to grow at a pace anywhere resembling that due to some energy systems becoming more efficient over time. Electronics like tvs, computers and other things are sometimes becoming more efficient as time passes due to transistors being built smaller with less electrical consumption. Energy efficient lightbulbs and similar "green" products are also becoming more mainstream which could go some ways towards thwarting the growth options of businesses in the energy industry.
|
|
|
|
icehouse (OP)
Jr. Member
Offline
Activity: 37
Merit: 1
|
|
May 20, 2018, 06:49:13 PM |
|
The thing with these elecricity companies is the lack of expansion, which pretty much means that they have a monopoly in the area they're in and they're not going to expand more to get more customers -- unless more building occurs where they are. Due to these, these stocks don't have much volatility. These stocks are income stocks, meaning that they pretty much just pay out a good amount of their earnings in dividends to people who own their stocks.
I'd rather buy an index fund then bet on different companies.
what about more and more people buying electric car?
|
|
|
|
|