Argo Blockchain Share Discussion Threads

[hootza616] 21/11/2019 14:19

How many megawatts does ARB boast today?

[orm5] 21/11/2019 13:20

https://www.theblockcrypto.com/post/47717/two-firms-merge-to-open-100-acre-bitcoin-mining-farm-in-texas-with-a-capacity-of-one-gigawatt

[hootza616] 21/11/2019 12:11

Seller still dumping 100k blocks.We are at the mercy of them until they finish offloading.Does anyone know how much they have % wise?

[fillipe] 21/11/2019 09:14

Effective bid/ask both now sub-6p.

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[aidenabettin] 20/11/2019 21:27

hTTps://twitter.com/BitcoinMagazine/status/1197161029832265729?s=19

[supercity] 20/11/2019 13:28

In June and July they were mining 160 odd bitcoins per month.Roughly 5 per day.Currently 1800 are mined everyday across the world.Shows how popular it has become which could explain the higher difficulty level there currently is in mining them and that was with 5-6000 machines.

[hootza616] 20/11/2019 10:14

Of course an update confirming the number of coins mined and sold, including the average price, and an update on the operational costs would be great!

[hootza616] 20/11/2019 09:57

All I can say is that all previous profit forecasts were made with BTC at $6500 or less and while we have been speculating on BTC dropping it has not been below $7500 for a very long time. All this time ARB have been mining and assuming they have turned everything mined to cash should be making a pretty profit and will continue to do so with BTC anywhere above $2,500.Can't say that about any other miner!

[chrisan101] 20/11/2019 09:39

Hmm surprised to see it continually tick down. You'd like to think each month they're mining a record number of BTC's given the increased capacity. Maybe not so, at what point does it become a TO target. As currently trading at discount to NAV. Q4 update will be interesting but the unknown impact on having and BTC price could hold this back, Q1I'm in and watching. But they haven't found the end of the rainbow yet.

[horneblower] 20/11/2019 09:33

Like a real miner, ARB is entirely dependent on the price of what it mines.
In my view BTC will fall to $6k or even $4k but that it will bounce strongly thereafter. I am staying out of ARB until then.

[roddyb] 20/11/2019 09:16

I am far from convinced here, it has been a while since the chief ramper topazfrenzy was posting his pearls of wisdom?

The last we heard from him is that he was a very serious buyer in July 2019 which means he was “in like Flynn” at between 8p and 9p if his postings are to be believed? His disparaging remarks about other’s investment decisions are deeply missed.

“Bitcoin going to” - how much?

This company will spend every bean it mines on machines and the investors will be told that it will be worth it... The cracks are beginning to appear - and they are getting wider!

[hootza616] 19/11/2019 10:48

It should not be long before we are talking about the price of a Satoshi rather than of BTC, which will be the standard unit of transfer.Remember gold is mined in Tonnes but sold in Ounces!

[hootza616] 19/11/2019 10:47

Exactly! This is like any other mining industry, the more efficient you are the more profit you will make!If the commodity price comes down, less efficient miners stop mining while others take up the slack and supply increased consumer demand.BTC should increase in value as the availability becomes less and less, with less whole coins mined each year.

[aidenabettin] 19/11/2019 09:51

hTTps://www.coindesk.com/uk-law-panel-defines-crypto-assets-as-property?amp=1&__twitter_impression=true.The Chinese still going to say it's a SCAM?.#dontthinkso

[horneblower] 19/11/2019 09:35

Yes, I assume that's the plan.
It's a gamble that might pay off.
Success is in the timing...as to who blinks first.
Good game!

[crooky1967] 19/11/2019 09:31

With regard to the halving. If the price of BTC is the same at halving where it is now, I assume that this would put many miners out of business that do not have significantly low electricity rates. Can we assume those that are left would see a significant increase in mined coins as the difficulty rates come down?

[chrisan101] 19/11/2019 09:26

As far as I'm aware no other miner does that, why would you display your hand?

[1smallcap] 19/11/2019 08:25

Apologies, just noticed it's already been posted.

[supercity] 19/11/2019 07:43

They aim to have all 17,000 machines installed by the end of Q1 and it will increase capacity by 240%. Of course if ARB were more transparent in the current rate of mined coins per machine we could put some figures on it.They fail to mention by the time they are up and running the mining reward halving will be weeks away and therefore the 240% increase will not actually reward the mining by anywhere near that amount as double the machines are required to maintain the same amount of mined coins now (17,000 then will be the same as 8,500 now)

[parsons4] 19/11/2019 07:27

Yes a good piece by align research. The figures speak for themselves. One thing I do notice is that all the news about BTC (I have the price on my list) is usually hugely negative. If I was an investor thinking of investing in BTC I would be very nervous. BTC is a bit like GOLD, the wider investment world doe not believe in either !!! This is one of the most undervalued shares around IMHO.

[richie666] 19/11/2019 07:06

Update note out addressing new BTC price & mining difficulty rate -

[orm5] 18/11/2019 20:45

As a miner we also need to consider the difficulty rate which has also started to reduce recently, this should therefore increase the number of coins mined for the same number of machines. But yes the mining rate has probably not offset fall the bitcoin value.There must also become a point where the only way is up for the share price? (If concerting bitcoin to cash). I.e. once the investment is returned and cash balance starts to increase....?

[horneblower] 18/11/2019 17:09

I can't really see how BTC is not going down at least to $6k so I am expecting ARB to fall further. However, there should be a good bounce thereafter, especially if they announce strong mining data.

[daar] 18/11/2019 13:02

Below 5p :(