Argo Blockchain Share Discussion Threads

[aidenabettin] 03/1/2021 14:30

O/T keep an eye on everything 'HEMP' & CBD this year. It could really take off with the new regulations in place. hTTps://www.cityam.com/cbd-revolution-a-covid-proof-industry-seek-the-green-light/.A few old faces may appear again

[horneblower] 03/1/2021 14:25

One chart system theory suggests 160p during 2021.

[qs99] 03/1/2021 14:23

Thanks all, really really useful...so a 2,000 mining seems about right IMO and we could assume a c.$30k BTC average for 2021 (although some are thinking much much higher), not sure I would do a pe of 30, but all in all that could all equate to a c.60p TP......to begin with!

DYOR and good Sunday's all.

Cheers
QS99

[noirua] 03/1/2021 14:11

As ARB is asleep until 8 am tomorrow and a few glad it is as they would have closed out earlier, myself included.
Largest Private Bitcoin Mine in USA | Behind The Scenes

[neo2725] 03/1/2021 14:07

From Fincap report dated 26 Nov based on 3 possible cases:
Our base case (17p TP, 25x 2021 P/E) highlights the impact for Argo from a spot Bitcoin price and a conservative difficulty for mining Bitcoin:
Bitcoin price – We assume a spot Bitcoin price of $19,000 in FY21 after $9,914 in FY20.
Mining Difficulty

Our upside case (95p TP, 30x 2021 P/E) assumes that Argo benefits from favourable movements in the Bitcoin price that are not fully offset by mining difficulty:
Bitcoin price – We assume a Bitcoin price of $40,000 in FY21 after $10,437 in FY20.

Our downside case (4p TP, FY23 net cash of £11m) assumes that Argo generates EFCF of £0.7m / £4.4m / £4.5m FY21-23 in response to adverse mining conditions:
Bitcoin price – We assume a Bitcoin price of $5,000 in FY21-23 after $9,516 in FY20.

[yump] 03/1/2021 14:01

.
Back to ARB - good.
Crikey, Monday - that's tomorrow..

[noirua] 03/1/2021 13:58

Anyways, here an old clip of some guy mining Bitcoin back in 2014

As posted by DB008 on ASF.

[mnomis] 03/1/2021 13:56

Re mining s/sheets - use data tables to consider impact of price / difficulty in 2021 and factor in higher ARB hashrate coming. Can also see impact of each say $1k move higher in BTC quite easily. Can use a second data table to consider impact based on current PE vs a re-rating towards N American peers. Either way, based on my analysis, at $34k, would anticipate mid 40p on Monday. Think the OTC announcement mentioned will quickly get us into 50p level when official (assume is a formality this will be approved).

Re CEO selling, I don't have an issue with this. My guess is this was a sizeable payday based on his wealth (but have no idea), and although everyone thinks BTC is going higher, it is volatile and not immune to sharp sell-offs (a number of bullish posters here have taken some risk off the table, including myself). Numbers for December are going to be strong, but not out of the ordinary vs expectations and easily forecast(strong BCT mining and BTC / Polkadot mtm, but ZEC mining won't be great).

Looking forward to Monday.

[king suarez] 03/1/2021 13:49

The number of bitcoin ARB will mine in 2021 is dependent on:

1) The mining difficulty rate - this constantly changes and is adjusted every 2016 blocks mined (approx 2 weeks) which is dependent on the overall network's hash rate. The regular adjustments are designed to ensure that 1 block is mined every 10 minutes, and;

2) ARB's overall hash-rate power for the year.

We know ARB is currently mining around 120 BTC a month on 645 Petahash and will be increasing to 1,075 sometime in February 2021, so approximately 66% increase in mining power. This would, all else equal, correspond to around 200 BTC a month mining potential.

What we don't know is what the impact of this rapid rise in bitcoin price will mean for the entire network mining power (and thus difficulty rate) - how many new machines will come online and how many older machines will be switched back on etc.

We also don't know to what degree ARB may re-invest the vastly increased monthly cash flows into new mining machinery and the availability of securing the required machines in the open market, given demand at the current BTC price.

So, we could end up mining more than 200 BTC a month, with recycling revenues into capital, or less if new machines become too expensive/stock shortages. I think the Align Resarch and Finncap notes have us around 1700-2000 bitcoins mined as a 2021 forecast?

[brasso3] 03/1/2021 13:49

Crypto

I don't want to be drawn into Covid discussions but you give me no choice. I live in Holland and masks were not made mandatory until 1st Dec. The Netherlands figures are no different to countries that enforced masks. How is China fully operational without vaccines? Do you you think maybe the Western media has over hyped the situation?

Just come back from the gym in Brazil. Life is very normal here without the Communist restrictions being imposed in Europe.

[hootza616] 03/1/2021 13:23

The number of available BTC on the order book has shrunk by about half since Thursday. Just saying!

[yump] 03/1/2021 13:11

QS99

I guess the basic calculation is to take the same no. of mined bitcoins and the margin etc. as November and then get a year's worth at different BTC prices. A whole spreadsheet helps if you've got the patience to deal with the MS anti-intuitive interface.

[yump] 03/1/2021 13:09

I just hope that anyone who insists their freedoms are being infringed in some way, doesn't transmit Covid to a relative, who then gets very ill and/or dies. For their own sakes as well as for the relative's.

Rationalising it works for a while and then guilt takes over and is one of the most destructive things to live with - it ends up in long term therapy quite often.

[qs99] 03/1/2021 13:04

Not sure I have seen any estimates of ARB mining in 2021.....vs 2020 year, would be good to get a "view" will it be higher or the same as 2020? From there we can make our own estimates of BTC average value over 2021 and therefore at the latest GM % of 50%+ that ARB is making, less relatively fixed overheads, what the annual EBITDA COULD be.....and where USA quoted similar stocks are rated and where ARB value could be......

DYOR as ever, don't wish my days away, but pretty excited to see where ARB opens at 8am tomorrow....

cheers
QS99

[aidenabettin] 03/1/2021 12:50

We will agree to disagree and i will leave it at that.Back to ARB & Crypto in general

[crypto nugget] 03/1/2021 12:43

Hello all.

Two things.

Aiden - your "freedom" isn't being curtailed. Its done to save lives. The morons are the ones who don't wear masks, are anti-vac, and who attend illegal gatherings (raves) and have the nerve to demonstrate, putting police and others at risk.

John Casey - I've looked into Clear Leisure, and it's a pile of non-operational dung.

Please desist from ramping it here.

Thank you.

[sideshowbull] 03/1/2021 12:42

I would like to see figures in black and white.
Before I get too carried away.

BWTFDIK

[alm6] 03/1/2021 12:37

Sorry that's not right. Fat fingers n the calculator :P

[alm6] 03/1/2021 12:35

At current prices, the value of BTC in ARG reserves is about half its market cap. Huge scope for share price to increase.

[aidenabettin] 03/1/2021 12:33

When is a conspiracy theory not a conspiracy theory?.When it actually happens.You aint seen nothing yet and the corruption and manipulation to transfer from analogue to digital will require a 10 fold increase from present levels. The majority of people will need to change their entire outlook on how they live their lives and adapt to a dramatic change from the norm as we had pre-covid

[yump] 03/1/2021 12:26

It reached 40 for a moment before I think, with btc a lot lower, so you never know, if it breaches that quickly... it should still be playing catchup with other miners.

[nico115] 03/1/2021 12:25

Tomorrow's price 40-43?

[yump] 03/1/2021 12:21

Can you please give the conspiracy stuff a rest. Just on this thread, pretty please. Although I suppose that would be also subjugating your 'right' to free speech, to benefit the majority, which could be a big ask.

[aidenabettin] 03/1/2021 12:09

Holding stocks is pure luck for the majority with the minority working with insider information and all done through the city of london corporation. They dont have that grip on the new digital economy. They do have the spiders web of hidden money to trade with and natural resources across the globe. The new pie has been baked and is now being divided. Digital currency although still in its infancy is here to stay. Mass surveillance and mass vaccination are also part of the sharing deal that comes with each slice of pie. Very interesting time to be alive watching how it all unfolds with your civil liberties and freedom of travel stripped away. .Its a whole new world we are entering into. Making so much money with nowhere to go