Argo Blockchain Share Discussion Threads

[antimony64] 18/2/2020 10:41

Is that what passes for true these days?
Around £1.5m per month profit and all of that has to go on new machines every month?

[roddyb] 18/2/2020 09:19

Quite right - those are the variables. It is also true that ARB will have to keep on buying new machines to keep it’s performance going. It is equally true that after the machine purchases there is nothing left for the shareholder.

[scottman72] 17/2/2020 22:19

Sorry yump, was replying to JH.
In terms of mining. Yes, profits are directly linked to the price of the commodity being mined just like any other mining company.
There are a few complications in predicting future profits, variation in BTC price, hashrate increase due to mining growth, halving events, purchase of more mining hardware by ARB. We can only guess most of these based on general historic trends, but these guesses should be reasonable.

[yump] 17/2/2020 20:56

So how will you account for the unknown level of competition change as a result of halving ? Presumably a drop in miners as a result of halving helps to compensate for the drop in reward, (if arb capacity remains the same)

[scottman72] 17/2/2020 20:21

Quite easily. I hope you don't think the PE will be close to 10?????

[yump] 17/2/2020 19:43

I’m pretty new to the world of crypto investments, but just on the basis of the business model, it doesn’t seem likely that arb profits would be directly related to the btc price at any one time.

Bit like the idea that airline share prices are related to the oil price. They are in some way, but not directly. There are other factors such as hedging against oil price movement.

Calculating how arb profits will move obviously isnt done just by looking at the current btc price. Dont ask me how to do it though !

[john henry] 17/2/2020 19:15

Scottman how did you get a PE of 1 ???

[scottman72] 17/2/2020 17:08

Me too.
Ramping is shown by suggesting aspects such as PE is going to go to silly levels.
Have a PE close to 1 and suggesting a company that (as others have stated) is printing money is not ramping. It’s stating a fact that the PE is too low and the share price should be realistically higher.
Perfect setup to buy more.

[hootza616] 17/2/2020 16:00

With you all the way new guy!I have not felt that any ramping has happened here on this board to date.We are all just trying to understand the market, which is still new to most people here and doesn't always follow the expected path.I for one expected another 5% drop today but pleasantly surprised that a lower BTC price has shown stability and so possibly near the bottom of share price range.

[1new guy] 17/2/2020 13:52

In the main this bulletin board is used by positive, carefully researched PIs. I have been a critic of the low share price for many months. Today I see a POSSIBLE change in investor sentiment. BTC has taken an expected drop to between $9300-9500 before the expected significant rise approaching the end of Q1. Despite this fall and for possibly the first time since listing, ARB shares are holding firm and significant buys now = to or more than the selling by "day traders". In essence ARB is a good hedge against all but disastrous BTC falls. i.e those urging BTC direct investment is superior to ARB. That was never the case. At last the intrinsic value just might be beginning to be appreciated. We shall see. I'm staying for awhile longer, yet.

[roddyb] 17/2/2020 11:56

- that's right - keep ramping it.

[scottman72] 17/2/2020 08:10

Exactly, the usual nonsense.
When those benefiting massively from the profits of the way things currently happen see something coming along for the general better they will do all they can to try and stop it so they can continue to be rich.

[suffersnofools] 17/2/2020 08:04

It's called FUD and it's because the establishment (US in particular) are terrified of bitcoin and crypto due to its decentralised nature.It's intended to spook people like it has you Peter. The gains here won't be small they will be huge. Just have to be prepared to weather the volatility and have a time horizon longer than 5 minutes.

[scottman72] 16/2/2020 22:14

Nope, we’re still stuck to 7p.
BTC could crash to $1 or shoot up to $1m and somehow we’d still be 7p.
;)

[antimony64] 16/2/2020 22:06

Generating $3m a month revenue and likely in excess of £1m profit per month.

[jordz79] 16/2/2020 20:48

Argo opening price sub 6p tomorrow

[scottman72] 16/2/2020 20:39

They'll pick up Monday morning.

[roger207] 16/2/2020 19:57

Cryptos woeful Sunday

[scottman72] 15/2/2020 22:02

They'll pick up Monday morning.

[orm5] 14/2/2020 11:26

Plus increasing cash position from BTC sold which surely should put increasing support under the SP