Argo Blockchain Share Discussion Threads

[yump] 28/10/2020 13:44

Relocation of miners in China:

[brasso3] 28/10/2020 13:16

What would cause such a large drop in hash rate like that? Just BTC price appreciation creating more liquidity?

[bandflex] 28/10/2020 12:33

Hash rate has plummeted below 100 today from a recent high of about 148, that is going to lead to a big drop in difficulty rate which in turn will lower mining costs for next month.

[gb904150] 28/10/2020 11:43

For mining BTC they have Bitmain Antminer T17's and Bitmain Antminer S17+ machines. Although they may have other machines.

In total they have 730 petahash of capacity.

For mining Zcash they have different machines as Zcash uses the Equihash algorithm.

Here they have 280 Megasols of equihash capacity.

So I don't think it's easily switched between the two or if even possible.

[bad gateway] 28/10/2020 10:57

traders maybe betting on the DT playing out on the daily.
Watching the hourly too, retesting the flag breakout there.Playing for the bounce myself but we'll see.

free stock charts from uk.advfn.com

[hootza616] 28/10/2020 10:28

Can't believe the price movement, would have expected plus 8p at least with BTC holding above 13500.

[hootza616] 28/10/2020 10:27

Tight spread, just bought 100k at 6.87p and can sell back at 6.81p.

[totana] 28/10/2020 10:19

The higher spec computers consume around double the power which would effect Zcash margins.

[imnotspartacus] 28/10/2020 10:14

Totana
Would there be a price ratio between BTC/Zcash where it would make sense to switch. I'm assuming it's just a different software package they need to run. Apologies if I'm miles off target here.

[brasso3] 28/10/2020 10:06

Somebody on here explained this a few months ago but I cannot find the post.

[totana] 28/10/2020 09:54

The lower powered computers mine Zcash, the higher computers Bitcoin. The lower can't mine Bitcoin economically and it doesn't make sense to switch the higher level computers to Zcash.

[dennisbergkamp] 28/10/2020 09:49

Hold on, it's just a set of computers, so as long as the mining s/w is there for each, then why can't they swap?

D

[imnotspartacus] 28/10/2020 09:19

Thanks Brasso3

[brasso3] 28/10/2020 09:11

They have specific mining machines for each so its not transferable.

[imnotspartacus] 28/10/2020 08:32

Is it possible and/or easy for ARB to switch mining between Zcash and BTC where margins dictate?

[brasso3] 28/10/2020 08:10

The stock to flow model has been accurate for other rare commodities such as gold/ silver. However for Bitcoin it is much easier to predict as the amount of known bitcoin to be mined is mapped out until the year 2140 to reach a total of 21 million coins.

[gspanner] 28/10/2020 08:08

Thank you Brasso, that’s pretty chewy stuff so may need some p and q to digest that...

[parob] 28/10/2020 08:07

Should see this break out now.

[uapatel] 28/10/2020 06:21

Wouldn’t mind them upping the BTC retention as the price is up so hopefully not needing sell as much to keep up operating costs etc.

As you say US list would be good, but not cheap. So building coin store and showing increased revenues would be a good boost. IMHO.

[trentendboy] 28/10/2020 06:16

Compared to Riot on NAS ARB are very well placed except fewer BTC on the balance sheetStill under the radar in comparisonIf they go down the joint listing route it will provide a significant boost to SPNasdaq not cheap but might be the best place especially if they want to expand operations

[gspanner] 27/10/2020 20:30

Lovely colours Brasso, wtf does it mean?

[sideshowbull] 27/10/2020 19:51

Still not invested in ARB, however a good friend asked me to have a look at the chart.

As IPO not many reference points to work with, however this one will give basics.





No advice.

BWTFDIK

[brasso3] 27/10/2020 19:04

BTC stock to flow model suggests $20k in January.