Argo Blockchain Share Discussion Threads

[zydecoco] 26/2/2024 20:15

BTC saunters through 54k

[tomavery19] 26/2/2024 20:13

22/23 open

[yump] 26/2/2024 20:10

Anyone buy any ETH as well as BTC during the winter ? ETH likely next rush courtesy of spot fund applications

[jungmana] 26/2/2024 19:40

Hopefully we see 24p here tomorrow :-)

[tomavery19] 26/2/2024 19:31

Bitcoin going mental

[srpactive] 26/2/2024 19:28

I feel now with the btc mega day, we will open around 24p then a strong continuation
30p region this week.

dyor

[r9505571] 26/2/2024 18:55

MicroStrategy has acquired an additional 3,000 BTC for ~$155 million at an average price of $51,813 per #bitcoin . As of 2/25/24, @MicroStrategy now hodls 193,000 $BTC acquired for ~$6.09 billion at an average price of $31,544 per bitcoin. $MSTR

[zydecoco] 26/2/2024 18:08

Watch Aggregate Market Exahash around the halving which is linked with BTC price - for the future of marginal miners. Some miners may unplug...Https://www.blockchain.com/explorer/charts/hash-rate

[tia01] 26/2/2024 17:27

It’s all a gamble on bitcoin but when it blows it blows

[tomavery19] 26/2/2024 16:55

Grabbed some at 19p gap up tomorrow for sure

[master rsi] 26/2/2024 16:21

The volume was 1.06M at 16 v 16.50p -0.25p
It is now 6.3M at 19.50p v 20p +3.25p

[master rsi] 26/2/2024 16:06

Thanks ... Mirabeau

The share price all of a sudden is spiking up and the volume goes UP as well
I wonder if it has anything to do with Bitcoin, only joking.

[master rsi] 26/2/2024 15:18

Will BTC-Bitcoin finally reach $52,000?

At the weekend only managed $51,800 but just now is already well above that

[master rsi] 26/2/2024 15:08

17.75p +1.25p

After being marked down to 16.25p this morning, is now well up for the day

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Legal Action Forces US Energy Department to Suspend Crypto Mining Investigation

[cielos] 26/2/2024 14:55

Do we have a B@stard around?
YES is >>>>> Ken Chung
Some say>>> he has eaten too much DOG food

[trad3m3] 26/2/2024 11:54

Somewhat a cryptic message for most, intra BTC enjoy and GLA as always :) https://imgflip.com/i/8h2v53

[amazoner] 26/2/2024 11:52

Bitcoin could get as high as $150,000 this year, says Fundstrat's Tom Lee

[ken chung] 26/2/2024 08:40

Bitcoin stuck around $51,350, equivalent to $25,675 after the halving, so ARB could be bust by the end of April imo.Sell, sell, sell.Lemmings and mushrooms only.

[master rsi] 24/2/2024 21:57

I see Bitcoin breaking $52.000 this weekend

[trad3m3] 24/2/2024 21:08

Here here, just a reminder LOL! However, still a lot of buying pressure, things are very different and exciting with ETF's.GLA!

[1knocker] 24/2/2024 14:20

Broomrigg, a liferaft is not a vessel of choice. Anyone taking to a liferaft does so in the hope that someone will turn up and take him out of it to the shore! Happily, investors have no need of a liferaft. They can step directly ashore, ie sell.

For those anxiously watching ARB's cash runway, note that Riot (one of ARB's much larger rivals) is making losses on its BTC mining even before the difficulty, and thus its cost of mining each BTC, doubles on the halving.

How many miners can you identify which are currently mining BTC profitably? Crypto mining is not, across the sector, a profitable business. The crypto mining sector is not unique in being net capital destructive. As a sector, the gold mine exploration sector too has throughout the ages been net loss making, for example.

The difference though is that those few gold explorers which do strike paydirt make big profits. That is not the case in respect of crypto mining; they are akin to gold miners operating uneconomic mines, which do contain gold but where the cost of mining that gold exceeds its sale price.

The crypto miners make big profits only on their stashes of BTC, when the BTC price rises. So their business model makes no commercial sense, any more than it would to mine gold at a greater cost than the price of purchasing it, in order to hold that gold in the hope that its price will rise. Why mine BTC at a higher cost than it can be bought in the market, in order to hold it in the hope that its price will rise? If you are betting on a rising BTC price, don't mine it, buy it in the market when the price is favourable. It only makes commercial sense to mine a commodity, be it gold or BTC, if your AISC of mining that commodity are lower than the price at which it can be sold at the date on which it is mined.

[seedoftongo] 24/2/2024 13:55

Where is BTC going master ??
Let’s have some charts 📊 please

[qs99] 24/2/2024 13:42

But ARB is not paying more than that for their electricity so other's will go bust or move out, possibly helping the supply drop? DYOR