Argo Blockchain Share Discussion Threads

[aidenabettin] 03/1/2021 19:17

The end game is the 'Tokenisation of all Assets'. hTTps://www.nasdaq.com/articles/democratizing-ownership%3A-how-the-future-of-real-estate-investing-is-in-tokenization-2020.Big moves underway this year

[crypto nugget] 03/1/2021 19:16

Hootza - well they are ranked 13 out of 100 - and it's up *Stellar Lumens) 6.85% today.

BLU must be confident though, having raised their stake from 10.7% to 27.7% in just four years.

[hootza616] 03/1/2021 19:08

On BLU and Satoshipay, despite the name it is using Stellar Lumens, not BTC.

[suffersnofools] 03/1/2021 18:52

Matty - Apple's new M1 chip has just blown intel/amd out of the water so Moore's law is still alive and kicking. The power per watt of their ARM based architecture is a game changer.

[mattybuoy] 03/1/2021 18:27

In this "digital gold" phase I would expect (hope) to see BTC being used for more big ticket purchases - Real Estate, Cars, Yachts etc.

The way the gold standard used to work is that all international trade was settled in gold bullion, with a fixed exchange rate between gold and USD (or GBP back in the Empire days). I can see BTC starting to fulfill this role too. I believe countries like Iran (under sanctions) are already doing it.

Again the main issue is that of pricing, which is why I think the million dollar price point is so important. Governments will never fix the price of fiat to BTC but the market could come to an informal agreement.

[sideshowbull] 03/1/2021 18:20

Digital gold is all that big boys are looking for with BTC, not going to be buying much unless it is an Island.

However for the mass as Matt says above it can be used to buy coffee etc. I have so. I know it works but not enough adoption yet..

It is coming, go with the flow or fight the flow.



BWTFDIK

[mattybuoy] 03/1/2021 18:19

Now, ARB

I am totally unconcerned with the recent director sale. This recycling of stock into warrants is par for the course in the North American markets. I have seen it gazillions of times in the mining stocks.

The only thing that bothers me a bit about the company is how much they might have to spend on ASICs going forward. Though it does seem as if they lease a lot of them rather than outright purchase.

Hopefully Bitmain are nearing the limits of the laws of physics on their chips, which would mean that the only way to get more hash rate is to bundle up more cores in the same chip. This is basically what Intel have been doing for years. It would mean that increases in hash rate with each new device become incremental rather than the massive jumps we have seen up to this point.

[aidenabettin] 03/1/2021 17:59

Not that he posts that often by the looks of it. One of the originals you might add.

[aidenabettin] 03/1/2021 17:57

Well thats the team 'expert' introduced.I imagine matty will be taking centrestage as ARB is attacked

[crypto nugget] 03/1/2021 17:50

Hootza616 - thanks for your reply. Very helpful.

Mattybuoy has said the 21m won't be mined until 2140 - if that's the case I won't worry about it either!

The Satoshi division is interesting as (off topic sorry) that's one of the holdings of the company that brasso3 mentioned - BLU. So, maybe as BTC becomes more mainstream its probably common sense that payment in it is divided into the units as if BTC are worth $50,000 or more not many payments will be made in it, but divide it into the units (pennies and cents in a way), it makes perfect sense.

Thanks again for the input.

[sideshowbull] 03/1/2021 17:47

Matty - email me and we can chat..

Ps Matty is a genius on crypto and coding FYI, helped me learn most of what I know now...

Think that one I have been backing will do one soon..

Seems an age ago(well was in crypto land) but man did it help.. Owe you one!


side

[mattybuoy] 03/1/2021 17:32

Yes the Sat is where it's at. There's some poetry for you ... :-)

Side - no not here yet. Soon probably. I can't see any serious negatives, just a matter of entry point.

[johncasey] 03/1/2021 17:26

trust me clear leisure will rocket tomoro....about to resume bitcoin mining,ticker CLP

[hootza616] 03/1/2021 17:03

Hi CN, the BTC blockchain will always need miners to process the transactions so they will always need to be rewarded for their proof of work. The block processing speed is and will always be constant due to the variable difficulty against the variable total hash available.The expectation is that as the value of BTC rises so less BTC is required by the miners to turn a profit, so in x years y number of Satoshi will be worth the same to a miner as a whole bitcoin is today. (100,000,000 Satoshi per Bitcoin) By comparison there are 32,150 Troy Ounces in a ton of Gold.Also take into account the expected increase in transactions as it becomes more mainstream and ever smaller amounts are transacted, so in the end all BTC rewards will be replaced only by transaction fees.I have said it many times and truly believe that BTC will not become truly mainstream until we start publicly pricing in Satoshi and not whole BTC.After all we can all afford an ounce or two of gold!

[yump] 03/1/2021 16:55

Just to see what might happen in ARB's financial future: assuming they mine 2000 bitcoins in 2021 and BTC stays at say 50% average higher than November...

All assuming a 60% increase in hosting costs as a result of the new equipment. I've used some figures from interims.

£40mln revenue
£23mln Hosting (pro rata compared to interims, assuming there's no drop in costs)
£11mln depreciation (£6mln old and £5mln new equipment over 2 years)
£6mln gross profit

They did mention a drop in hosting costs recently but I've ignored that as unknown, but obviously only need to drop the hosting cost by a couple of £mln to hike the profit.

Seems to me there are lots of ways to get to a final profit that doesn't have a silly p/e at all, given the rate of growth.

I assume that hosting and depreciation are not going to jump about all over the place - certainly not the depreciation on a fixed number of machines. Obviously half way through the year, they could be buying more machines though.

That leaves BTC price - "all" it has to do is stay up 50% over November for 2021.

Footnote:
Hosting costs jumped massively going from 5000 machines to 18000:
700K to £6.7mln (see interims)
No idea why ?

[sideshowbull] 03/1/2021 16:49

Did you think a chart geek like me was not going to buy the break of flat top?

However currently not holding.

Not trying to talk it down either as have many friends invested here..


BWTFDIK

[brasso3] 03/1/2021 16:47

Cheeky! :)

[sideshowbull] 03/1/2021 16:46

Brass I have been dipping in and out. But not 100% in total belief yet..

[brasso3] 03/1/2021 16:32

SSB

Your skeptism on ARB has cost you. They are clearly holding the majority of reserves in BTC and have a small amount of DOT. They made this clear in the recent intereviews.

[sideshowbull] 03/1/2021 16:27

Hey Matty.. You in ARB?

[mattybuoy] 03/1/2021 16:25

The 21m won't be mined until around the year 2140 i.e. 120 years into the future. I am not worrying about this ... :-)

[aidenabettin] 03/1/2021 16:15

Its heading for $1000.We knew a major step up would come eventually but few expected it so soon