Argo Blockchain Share Discussion Threads

[plat hunter] 01/6/2020 15:50

Down again... Anyone other than me manage to get short on at 4.8?

[royalalbert] 01/6/2020 15:31

Anyone like to have a guess at how much the share overhang is, buying as it drops should prove fruitful.

[shandypants2] 01/6/2020 15:23

Hi, i've asked ARB this question and it was a one of for 2019 - see answer below.
Hopefully cost base should be lower in 2020


4. Admin also includes over £200k for loss of office. Was this a contractual payment? Does this relate to departures in early 2019? If so why weren’t they in H1 numbers? Will there be any more in relation to Mr Edwards departure in early 2020

Answer
The termination payment was for outgoing management and was contractual. No further payments are due to M Edwards.

[mnomis] 01/6/2020 11:52

@ barnetpeter. I am interested to see impact on costs of board changes - some departing directors were not at all cheap for a then loss-making company. A lot of board changes here. Will be good to see some stability and a lower cost base.

[lukehold] 31/5/2020 12:39

A margin of 40 percent last month looks good to me with an average bitcoin price below 7k

[barnetpeter] 31/5/2020 12:08

Bitcoin hit £9700 today and is up 10 per cent in the last month. Arb on the other hand is falling away. It is not a pure play on BTC of course.....there are other issues here and especially the costs which are far too high.

[gspanner] 31/5/2020 11:58

Classic bulletin board stuff Plat. You may well be right, but you could equally be wrong. Where are you investing to preserve your wealth through the coming recession/depression?

Always looking for good ideas.

I think there is a significant risk that the dollar will lose its reserve currency status and crypto (of some kind) becomes the alternative. I’m not betting the house on it but i am pleased I have found a reasonable hedge at a reasonable price that may preserve wealth in this scenario. It’s a play both on bitcoin and equity growth.

[aidenabettin] 31/5/2020 11:23

hTTps://medium.com/coinmonks/asset-tokenization-on-blockchain-explained-in-plain-english-f4e4b5e26a6d

[aidenabettin] 31/5/2020 11:21

So we go directly from fiat one day to BTC the next day with no gradual change.Another one of the city mafia operating here

[aidenabettin] 31/5/2020 11:19

Ramping and pumping?.What ever happened to investing?.You have to fight a corrupt city all the way regardless of how good a company and its business model may be. Corruption and money laundering coupled with dodgy deals

[plat hunter] 31/5/2020 11:14

New guy is certainly still a bit wet behind the ears...So you're ramping and pumping because you think the entire world is going to default and society will collapse.Let me ask you this... If the dollar collapses as you say and everyone prefers bitcoin in your post apocalyptic nightmare that will start next week. Then what specifically will your bitcoin be valued against?How come Arbs operating costs and revenues arn't reported in bitcoin, oh yeah that's why, because no one wants bitcoin as as a day to day currency you fool.

[realcooltrader] 30/5/2020 18:55

Thanks aid, interesting. Clickable version:

[aidenabettin] 30/5/2020 15:29

hTTps://zycrypto.com/the-last-time-this-trend-occurred-bitcoin-rallied-to-20000-its-back-again/

[gspanner] 30/5/2020 15:05

Well with approx 8% of funds now in this I am happy that I have a hyper-inflation hedge as well as Gold/silver miners. Not sure whether deflation will occur first (IMO there will be deflation but it will be pretty short lived.) If there is hyper-inflation this should make many multiples of this, if not it’s a company just coming out of its investment phase into the lush land of profits, so will not do as well but should return pretty well over the next couple of years I would estimate.

[1new guy] 30/5/2020 13:23

plat hunter does not know or understand history. Nations can and do default on their debentures. Only way to try and get back the lost money is war. Not only that, crypto currencies are so feared by such global state interests that there are placements or know alls on every internet place possible. People like yourself, with zero understanding of human nature. We who CHOOSE to invest in crypto ventures care little for your snide attitude. Go pester some other lesser folk, as you see everybody here, elsewhere. Come back and gloat when you think you have better actual reasons than right now. Clown.

[aidenabettin] 30/5/2020 12:57

How has it ended if they are still holding the $BTC.I've bought(not traded) $BTC from $3k-$9 over the last year and not sold any.Crypto can be manipulated just as easy as any stock market.Helicopter money?.Sounds like you have been talking to the clowns from align research

[plat hunter] 30/5/2020 12:46

FIAT currencies are backed by debenture notes... I doubt global debt, productivity will be cancelled and replaced with helicopter money in our lifetime.Every revolutionist believes they'll be a the front of the revolution. History tells us that it usually ends in an ugly way for them though. Already has ended for the ones who bought btc on the the 20k pump and dump

[lukehold] 30/5/2020 12:38

I don't see the situation staying the same, where 96% of the world's population are dependent on decision makers elected by the 4% living in the U.S. There will be a time when the world moves on from the us dollar, it's just when imo.

[plat hunter] 30/5/2020 11:56

No Gspanner.There is zero risk of the dollars being debased, it is the worlds reserve currency

[plat hunter] 29/5/2020 17:26

Some might be already ahead of you on that one. parsons

[parsons4] 29/5/2020 16:48

If ARB are going to loose money then there is no future for BTC it is as simple as that !!!

[orm5] 29/5/2020 15:17

Also depends on the price you are paying for electricity

[idiot441] 29/5/2020 14:33

Horne the facts do not support you. Even the older machines are only just being switched off as the halving was a step too far. But a btc run may see some of them held on standby for reactivation. Just look at the way Hut8, Riot, Hive, Bitfarms etc use old kit. We are in a completely different position.

We will get better indications over the next couple of months how the current machines are performing post-halving. Most of the capital investment will be repaid in under 12 months giving plenty of capacity for further orders and other options including a divi.