Argo Blockchain Share Discussion Threads

[cromw3ll] 26/1/2021 05:46

Longer BTC stays above $30000 then its consolidating and building for the next attack on $40000 and beyond. Beauty of mining is there's not just Bitcoin, there's other currencies that are significant and new ones emerging.

[transhoneyqueens] 26/1/2021 03:53

bitcoin could drop below $29 later this week. target $22

[steve73] 26/1/2021 03:36

Thanks Matt,

So those 2016 blocks (currently 12,600 BTC) would be created every 14 days (on the basis of the aimed-for 10 minutes per block).

As the hash rate increases (as more miners join the pool), then the block creation time would reduce, and the 2016 blocks will be created in less than 2 weeks. The difficulty would then be increased as necessary such that blocks are solved every 10 minutes. In other words the new bitcoin creation rate will drop.

This new (lower) rate of bitcoin creation could well cause some less efficient miners to shut-in, or redeploy to mining other tokens. This would result in a lower overall block creation time, and so longer then 14 days until the difficulty in next adjusted.

Therefore that average rate of block creation, and hence the Bitcoins earned is largely independent of the number or size of bitcoin transactions.

However, if there were more transactions required than the network could handle, then transaction fees would increase, so the block rewards would increase as a result of these fees. (From your link, you can see the "fees" component of the block rewards adds between 0.2 to 1 additional BTC per block, although it was close to 2 when BTC was trading at its highs a couple of weeks ago.)

[mattybuoy] 25/1/2021 22:07

To clarify Difficulty ...

Mining difficulty adjusts every 2,016 blocks. This adjustment is solely based on the average block time for those last 2,016 blocks. The code knows nothing about price or hash rate. Of course if the hash rate goes up then the average block time will decrease and the difficulty will therefore adjust upward.

The actual difficulty number basically represents the inverse chance that any given SHA-256 hash solves the block. So higher number = less chance.

See the numbers at

[darwar] 25/1/2021 21:45

Your Future at risk

Off topic-

hxxps://www.jdfarag.org/

Prophecy update

Trans human vaccine

A video for these with questions about the C19 vaccine

Pastor JD continues Part 2 of "Decision Time."

He quotes Dr Simone Gold in this powerful message together with Bill Gates.

[yump] 25/1/2021 21:37

Done very well ? Bit of a giveaway that !

Patronising or what ?

[nico115] 25/1/2021 20:08

I do try !Or as my wife says I'm v trying : )

[2tyke] 25/1/2021 20:06

Alm,

That's right...price is really ALL there is with stock tickers. Elliott is a road map for the future wave pattern. Indicators and sentiment (candles), are supporting evidence to help with timing.
Everything else...is just noise.
You've done very well to see this so quickly.

[dubjon] 25/1/2021 20:05

That all makes ARB's situation look pretty good.
Hold on!

[richie1218] 25/1/2021 19:49

Mon, 25 January 2021, 6:44 pm
Publicly traded Chinese gaming company The9 (NCTY) announced an agreement to buy 26,007 bitcoin ASICs as part of its plan to launch a cryptocurrency mining initiative.

The9’s subsidiary NBTC will own and operate the machines, which are expected to total 549 petahashes per second (PH/s) of hash power.

The9 says a “majority̶1; of these mining machines have already been deployed in Xinjiang, Sichuan and Gansu.

Per a press release, Canaan‘s (CAN) former director, Jianping Kong, will also help the Shanghai-based Internet company launch and maintain its cryptocurrency mining operations.

Details about which machines and from where The9 purchased them were not disclosed, but The9 said it signed five separate memorandums of understanding (MOUs) to secure the machines.

The9 will issue shares to pay for the new machines, but didn’t disclose how many shares are to be issued.

Shares of the company gained more than 18% Monday from their Friday close, currently trading above $13.

[lukehold] 25/1/2021 19:40

Rothschild and JPMorgan must have been reading Nico's posts. Praise the lord. Thanks be to Nico.

[horneblower] 25/1/2021 19:34

We need to see $35k plus to get our heads above the parapet of the down-channel.

I'm hopeful.

[alm6] 25/1/2021 19:30

SNF, 2tyke - Ive taken the red pill. All I see are prices, technical indicators and Fibonacci ratios. And it all makes sense.

[nico115] 25/1/2021 19:25

Totally agree TEB39k my target

[trentendboy] 25/1/2021 18:34

Huge Rothschild type buying going on through greyscaleRobin Hood traders unable to buy BTC todayOnce they can again should see a move upwards againAnything less than 35000 dollars is cheap

[yump] 25/1/2021 16:11

Its going to breach 90p while we're closed isn't it ? and the US will sell off somewhere under 100p.

[aidenabettin] 25/1/2021 15:28

Is the US ETF the 'Bump' ?. hTTps://www.businessinsider.com.au/bitcoin-etf-approval-impact-btc-price-plunge-cryptocurrency-grayscale-jpmorgan-2021-1

[aidenabettin] 25/1/2021 15:19

'The near-term balance of risks is still skewed to the downside,' the JPMorgan strategists said..I wonder why they would say that.No $BTC placings in the pipeline.Buy and Hodl

[mnomis] 25/1/2021 15:01

Personally, I would not like to see ARB raising equity to buy BTC. If we had paper valued as richly as Mara on the other hand and a big delay in getting more rigs, I guess it does make sense cashing in paper / fiat for BTC. Certainly interesting space / times.
ARB to focus on being the best miner please!

[the chairman elect] 25/1/2021 14:57

BITCOIN MINER & BLOCKCHAIN

BLOCKCHAINK2 / TSXv:BITK + LSE:ARB + NASDAQ:RIOT

Noirua22 Jan '21 - 10:31 - 9596 of 9614

TSXv:BITK BlockchainK2 tumble from 180c to 75c and picked up by The Chairman at 75c. Looking good for a smart rise even though I originally sold at 110c and left it too late to buy back in last evening.
Also ummed and ahhed over buying NASDAQ: RIOT Riot Blockchain but failed to click the mouse,. Needs brave souls to buy in this blockchain marketplace.

[mnomis] 25/1/2021 14:56

Uapatel - thanks - sorry, my comment actually meant from Mara's perspective i.e. Mara buying BTC because machines delayed. I much prefer our (ARB) strategy of better mining execution.

[aidenabettin] 25/1/2021 14:52

ARB going to the NASDAQ