Argo Blockchain Share Discussion Threads

[johncasey] 02/1/2021 22:33

Miner One
Miner One Limited is a UK based company incorporated at the end of 2017 which established and currently operates a Bitcoin mining data centre. The data centre is located in Serbia and will benefit from a very low price of energy.

To grant the access to a high level of “know how” and expertise, Clear Leisure entered into a joint venture partnership with 64Bit Limited, (“64Bit”), a Malta data centre operator specialised in “crypto-mining” and powered by low-cost renewable energy. 64Bit’s CEO and founder, Mr Marco Mirra, has a long history of working in IT security and data management sectors and has already successfully extracted tens of Bitcoins with his existing Bitcoin mining data centres.

Clear Leisure will hold a 50% interest in Miner One, while the balance will be held by 64Bit. Furthermore, Francesco Gardin will represent Clear Leisure’s interests in Miner One Limited as the company Director of the new subsidiary.

The first bitcoin mining data centre has been successfully shipped to Serbia following the successful testing of the unit in Italy and it is expected to be running at full capacity for Bitcoin extraction.

The Company remains comfortable in its choice of Serbia as one of the best locations in Europe for low cost energy. However, Clear Leisure and its joint venture partner will seek to ensure that the best available energy rates are being utilised. As the data centre unit is mobile, moving the operation to another location is not expected to be a difficult task.

Francesco Gardin has extensive experience in the IT industry including lecturing for 30 years at Udine, Milan and Siena Universities in Italy, where he focused on Theory and Application of Computing Machines, the key to understanding the theory behind cryptography and blockchain technology.

Professor Remo Pareschi, former head of Telecom Italia’s R&D department, professor of Computer Science at Molise University and co-founder of DLT Labs, a blockchain technology IBM partner, is advising Clear Leisure.

Bitcoin and Bitcoin Mining

Bitcoin (“BTC” or ”XBT”) is the first computer-generated decentralised “cryptocurrency”, which is powered by a public ledger, “the Bitcoin blockchain”, that records and validates all transactions chronologically. Bitcoin is thought to have been invented between 2008 and 2009, and released as open-source software.

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator standing behind it. The network is peer-to-peer, which is already a familiar concept within the world of finance, and transactions take place between users directly through the use of cryptography, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.

Bitcoins can be created by the process of “mining”, which entails processing the so-called proof-of-work system, running on specialised computers, called ‘miners’. Bitcoin mining is a computing and energy intensive activity where very fast specialised hardware and cheap energy can confer a material competitive advantage. The analogy with the term “mining” is based on the uncertainty factor of how much energy and time is required, as with traditional resources mining operations.

[johncasey] 02/1/2021 22:32

dont forget clear leisure are a bitcoin miner...will go crazy monday!

ticker :CLP

[brasso3] 02/1/2021 22:29

Spooky or just math...

[horneblower] 02/1/2021 22:26

It's spooky how it's following the same pattern as the breakout in 2017.
If so there should now be a small retrenchment of about 10% before shooting up again to $48,000.

[aidenabettin] 02/1/2021 22:14

Its easy to hold $BTC but not so easy to trade.Everbody should hold some crypto imo as this is only the beginning

[parsons4] 02/1/2021 22:11

The movement of BTC is bloody frightening, much easier to just hold ARB and decide when to top-slice on the way up !!!! After all this Crypto business is all relatively new !!

[mattybuoy] 02/1/2021 21:53

5 years time ...

BTC is at $1m, which means that one Satoshi is 1 cent. Lightning Network has become ubiquitous (instant payments, near-zero fees).

This would be the point at which to stop HODLing and start spending.

[brasso3] 02/1/2021 21:52

19,000 bitcoin were withdrawn from exchanges yesterday! YESTERDAY!!!

[walter walcarpets] 02/1/2021 21:16

BTC will continue to rise exponentially?

[qazwsxedc69] 02/1/2021 21:05

Down 2.5k and up 1.5k on couple of minutes. Fascinating to watch (from comfort of having a free ride here anyway)

[qazwsxedc69] 02/1/2021 21:02

Down we go.....will 30k hold?

[ramellous] 02/1/2021 20:54

And spend 3 minutes at 45 lol

[kcowe] 02/1/2021 20:52

33333.33 TOP Interesting number .

[horneblower] 02/1/2021 20:47

Ah yes. A nice bounce off thirty-three and a third.
Looks good for a stab at 78rpm. ☺

[alm6] 02/1/2021 20:36

Seems to be stabilising in low 32s. Algorithms going to work?

[yump] 02/1/2021 20:16

Yes if you look at the long term btc chart you can clearly see a series of tops at around 33K which will cause huge resistance.

Or on the other hand nobody has a clue until after Icarus gets burnt.

[kcowe] 02/1/2021 20:08

BTC looks like multi year resistance has been hit and top is in.

[alm6] 02/1/2021 20:08

Looks like we might've topped out at 33150

[nico115] 02/1/2021 19:41

40p with Btc at 33k

[alm6] 02/1/2021 19:20

Andrew "the tw*t" Bailey in the BBC article giving another establishment warning against BTC for not having "intrinsic value". I mean he has a point, I look at the pieces of paper with ink on them in my wallet and I think "wow, what beautiful wonderful objects, it's amazing that anyone would want to give them away for such vulgar things as goods and services"....

[yump] 02/1/2021 18:48

Be an interesting week for arb, but its the whole year that will be more so if btc spends it at an average of double last year.

[sideshowbull] 02/1/2021 18:34

Who in their right mind would ever trade BTC?



You just making us HODL richer.


Buy transfer to your own wallet and sit back.

BTWFDIK

[yump] 02/1/2021 18:10

I don't think there are any pearls of wisdom that could possibly be said here, other than 'its gone bonkers', which I'm sure can be rationalised ;-)

Testament to the quality of this thread, than nobody has posted a load of rockets, despite it being the best example for quite a while. Perhaps waiting until Monday...