Argo Blockchain Share Discussion Threads

[mortimer7] 12/5/2020 10:11

@ArgoBlockchain Twitter this morning:-

"The halving has happened. In the post-halving world, the most efficient miners will thrive and the rest will wither away. Currently, 99% of Argo’s BTC mining rigs are new generation machines with 7nm chips. Technology doesn't stop for the inefficient".

[aidenabettin] 12/5/2020 09:48

Those who have invested to increase capacity will survive. It's not as if the halving was a secret .We are moving to crypto

[mnomis] 12/5/2020 09:41

@ Hootza616 - NO! 1% mining margin for 1Q means that they are going to be struggling today ... would be great if someone had a mining cost curve they would be able to share i.e. how much mining under water today, is ARB top decile, top quartile?

[aidenabettin] 12/5/2020 09:06

I expect to see a number of M&A events in the next few months as many operations will now struggle. I dont see BTC spiking short term and will increase pressure on many to switch off.It's looking good for ARGO and I will watch it closely. I dont have much invested and I'm really only here to follow the technology

[hootza616] 12/5/2020 09:01

Do you think HUT8 can make a profit at this level? I didn't consider them borderline before but they are well underwater now in my opinion.

[aidenabettin] 12/5/2020 08:50

Buy some BTC and leave it. A long long way to go.Make it your #1 investment hodl .Hopefully a bit of stability for a month before the next move up. I still think the price of BTC is too high though to do enough damage to border line miners and a dip is still possible

[plat hunter] 12/5/2020 08:26

Still in an overall downtrend.. Needs more than this to break it

[hootza616] 12/5/2020 08:11

HUT down 20% yesterday. They will be losing cash daily from here on. I guess they were banking on a $15 to $20k BTC price at halving or very soon after. $8 to $9k is perfect price for ARB short term. Should sort the men from the boys!

[topazfrenzy] 12/5/2020 08:09

Glad I topped up yesterday!

HODL this one till 50p ... it's coming

[parob] 12/5/2020 08:06

Shackles finally off.

[parob] 12/5/2020 07:20

Hopefully see increased interest here now following that TR1 yesterday.

[mnomis] 12/5/2020 02:35

@Orm5 - yip - very interesting. 1% mining margin in a quarter where ARB's mining margin was much much higher. Could the thesis put forward by some people with common sense (i.e. excl. a few posters above) actually be going to play out i.e. a lot of mining capacity that is inefficient relative to ARB? That coupled with the seller nearly being done (see latest announcement Plat Hunter - as you often seem way behind, PS - Rh / Pd were a much better choice), and this is certainly an interesting time for ARB.

If I was Hut8 - I would be working very diligently on my offer for ARB.

[hootza616] 12/5/2020 00:30

I calculate Chang has disposed of just under 19million shares. He now has just 4.5million left.

[aidenabettin] 11/5/2020 21:18

1338 days to go

[brasso3] 11/5/2020 21:00

Everyone knew the halving was coming for a year. Why does it change anything other than making BTC more scarce? Some miners will go out of business. The ones that remain will make more margin at higher prices.

[mcfly79] 11/5/2020 20:29

Halving has happened. Let's see what it brings.

[gtaval1] 11/5/2020 19:56

Looking good now...

[jordz79] 11/5/2020 18:59

Someone stated earlier Eric Chang sold all his holdings.

Does anyone else have a link or list of individuals with large holdings which could be future sellers to bring this price down?

[brasso3] 11/5/2020 18:11

This is a great bit of charting on BTC.

[aidenabettin] 11/5/2020 17:13

3hr 15mins.21 Blocks to go

[mcrudden] 11/5/2020 16:55

I'd say out now, that was from the 7th and a big print today, but wait for confirmation though.

[parob] 11/5/2020 16:35

Holdings RNS.Looks like the seller is finally (or very close to being) out!

[mark205] 11/5/2020 15:39

Looks like Eric Chang is finally out. 1.8m sold at 1pm today. Hopefully a TR1 soon. 8p by Friday