Argo Blockchain Share Discussion Threads

[broomrigg] 04/4/2024 07:54

ARB are clearly delaying the release of last month's mining data, they will already have the info. They must be working on the excuses (again).

[ken chung] 04/4/2024 06:55

Bitcoin price only $65,549 and the mining reward halves in two weeks.ARB go bust by end of the month?Lemmings and mushrooms only.

[1knocker] 03/4/2024 13:20

Be careful and don't bet the farm, caveator.

This is an unprofitable company with a short cash runway, reliant upon a factor outside its control (the BTC price) not merely to prosper, but even to survive.

If the BTC price rockets, BTC holders will do well. If it falters or hangs fire they will still hold their BTC when it reaches the sunlit uplands. So why hold ARB rather than BTC, or indeed some miner with a stronger balance sheet and a significant holding of BTC?

Those are questions every holder and prospective purchaser of ARB needs to address.

[noirua] 03/4/2024 13:04

BITCOIN HALVING CLOCK:

[r9505571] 03/4/2024 08:46

https://x.com/bitfarms_io/status/1775177016230183064?s=48&t=CmINZPcneqezZBJ1niwJrA

[caveater] 02/4/2024 20:44

Hoping you're wrong Ken Chung, and hoping it's Ker Ching !

[truant2tb1] 02/4/2024 12:47

Mind blowing this is trading up at 13p. Incredible Should be 2p

[ken chung] 02/4/2024 10:54

Bitcoin price only $66,095 and the mining reward halves on 19th April.ARB go bust by end of the month?Lemmings and mushrooms only.

[r9505571] 02/4/2024 08:17

https://www.coindesk.com/markets/2024/04/02/bitcoin-drops-over-5-as-upbeat-us-factory-data-powers-dollar-index-to-nearly-5-month-high/amp/

[truant2tb1] 01/4/2024 23:02

13 days until the halvingTick tock

[broomrigg] 01/4/2024 11:41

QBT already have NDAs signed with two of the largest bitcoin miners and also with US and Chinese chip makers. ARB need to get their skates on but it's probably too late, they have had their day and the lucky ones to have made amazing returns here are long gone.The halving is going to be a bloodbath unless bitcoin goes well above 100,000 usd; time is running out, miners desperately need to mine more efficiently.

[idriveajag] 01/4/2024 11:25

mms98, around 19th April the mining reward for solving a block drops from 6 bitcoins to 3 bitcoins. This happens approximately once every 4 years, in order to ensure advances in mining speeds do not exhaust the supply of bitcoins. It's known as the 'halving'.

So if ARB wins only half the number of bitcoins after 19th April that they were winning before that date, that is equivalent to winning a block today but only being able to sell it for half it's current price. The reward will halve again in 2028, reducing to 1.5 bitcoins per winning block, compounding the problem for miners.

That is why North American miners like ARB desperately need QBT's mining enhancements, that should enable them to win more often and save energy, and have a mining advantage over miners that do not have access to the enhancements.

Buy QBT.

[mms98] 01/4/2024 11:00

The halving will happen soon, why do you think the price will reduce by 50%? Are you a mushroom? A repetitive one as well.

[ken chung] 01/4/2024 07:27

Bitcoin price only $69,470 and the mining reward halves on 19th April.

ARB go bust by end of the month?

Lemmings and mushrooms only.

[zydecoco] 01/4/2024 01:57

So just buy BTC if that's your view, duh

[avc0nway] 01/4/2024 00:47

Are there any Bitcoin ETFs tradable in London yet?

I was pleased to be holding ARB from December 2020 as a proxy for BTC, but kept holding for far too long.
I am anticipating a lift in BTC from its present level of circa USD 70k to circa 100K between now and the end of 2024, but I do not think that ARB will be a useful proxy over this period, so I am looking for an alternative.

avc

[stockhunters] 31/3/2024 12:26

anyone worked out what $100k btc is worth to ARB post halving? surely monster rerate potential

[zydecoco] 30/3/2024 23:11

Could be anything OF.Hong King BTC ETF approvals soon? Retail admittance to ETFs in US? (3 months post approval...)?Whatever...

[one_frankel] 30/3/2024 20:19

Zyd, I'm not sure where that will arise from buddy!

[zydecoco] 30/3/2024 20:06

With BTC there is always another impetus

[one_frankel] 30/3/2024 15:10

BtC seems to be trading within a range recently folks with a low of around the $68k level but I wonder where the next impetus arrives from because much of the recent buying spree seems to be waining now or is it just simply a case of consolidation pre-halving as is generally the case!

[r9505571] 28/3/2024 18:16

#BTC up 2% and #ARB @ArgoBlockchain is pleased to announce that it has closed the Mirabel Facility for $6.1m The net proceeds will be used to repay debt owed to Galaxy debt balance is $12.8m. This is a 63% reduction from the original Galaxy debt balance of $35.0m #BTC 

[robo21] 28/3/2024 16:53

Why todays rise?

[stockhunters] 28/3/2024 15:45

if btc does break towards 100k even with halving that should put arb shareprice closer to 50p? thoughts?