Argo Blockchain Share Discussion Threads

[brasso3] 05/1/2021 11:56

I think you could of done better this afternoon when the OTC gets going.

[jfreshfield] 05/1/2021 11:56

Also took more profits. Added to #BLU which had yet to move

[uapatel] 05/1/2021 11:56

Brasso, that’s some top up by Mark. Good conviction.

Welcome Dorset64, remember you from the ARS board. (Got out a while back, thinking about buying some back now things are getting close to being resolved by Tony).

[kcowe] 05/1/2021 11:54

Took some more profits .... getting very heavy weight in portfolio .

[brasso3] 05/1/2021 11:15

Out friend Mark has bought anothe 90k GBP today.

Thee Duke
@markdukeyboy
·
46m
Balls to it - Just bought £90 000 of #ARB ! Was trying to diversify a bit but can not think of a share that is almost nailed on to give me 100% return in less than a month !

[dorset64] 05/1/2021 11:14

Missed the initial large gain over the past month but have just taken that trade of 40K+ shares as my first dip into this market.

[gspanner] 05/1/2021 11:08

£2mil from warrants this week...

[brasso3] 05/1/2021 11:03

ARB has money in the bank.

[yankeekraut] 05/1/2021 11:01

Argo is going to need funds for the gpu.one deal as well for future kit.

[eastwind] 05/1/2021 10:58

The next difficulty (in about 4 days) is expected to be about 8% higher. The one after next could be even higher. So the Jan coins mined will be about 80-88.

[hootza616] 05/1/2021 10:58

I would have said the same if still invested and have done in the past when underwater here.It's always been the case that the margin has not met expectations for a number of reasons.I am not de-ramping. I hope everyone takes home as much as I have done here. Yes it still has a way to go but only small punts for me now. I bet the house and won, time to sleep soundly!

[yankeekraut] 05/1/2021 10:57

eastwind - exactly. the reason for the delta between Nov. & Dec. is plain & clear, for anyone who wants to look. for the doubters: either do the research so you know what the metrics are, and what drives them, or sell your shares and invest elsewhere.

[brasso3] 05/1/2021 10:53

The current 209 BTC at $31k is worth $6.5m.

I expect it will only be 4 - 5 months before we have 500 BTC at $40k that will be worth $20m.

[eastwind] 05/1/2021 10:49

The mining difficulty in Dec was about 9% higher than that in November.
That could be a contributing factor to the fewer coins mined (96 vs. 112, 15% fewer).

The ZEC halving happened on 17 Nov 2020. So the ZEC mined was also lower in December.

hxxps://btc.com/stats/diff

Height Block Time Difficulty Change
663,264 2020-12-28 00:02:24 18,599,593,048,299 - 18.60 T - 0.38 %
661,248 2020-12-13 22:44:43 18,670,168,558,399 - 18.67 T - 2.54 %
659,232 2020-11-29 13:41:45 19,157,154,724,710 - 19.16 T + 8.87 %
657,216 2020-11-16 17:01:59 17,596,801,059,571 - 17.60 T + 4.82 %
655,200 2020-11-03 08:28:10 16,787,779,609,932 - 16.79 T - 16.05 %
653,184 2020-10-17 17:03:40 19,997,335,994,446 - 20.00 T + 3.62 %

[alm6] 05/1/2021 10:48

Looks to be strong resistance at 50p despite OTC price closing at 55p equivalent yesterday. Waiting on another flood of money from US this afternoon.

[brasso3] 05/1/2021 10:24

But what else did you expect with difficulty creeping and ZEC halving? ARB are addressing the first issue with increasing mining capacity. They can do little about the other issue other than be patient and wait for ZEC price increase.

I had forgot you sold at 20p and that explains your subtle deramping. When I sell out of a stock I usually move on and do not try to deramp to make up for my mistake.

[yump] 05/1/2021 10:12

Jumping about depending on monthly updates is pointless.

In any case the last one did not disappoint as there was a big margin jump - didn’t you notice ?

Its the contribution that matters, not the number of bitcoins.

Elementary business maths.

The valuation is something else. That is the biggest variable.

[hootza616] 05/1/2021 10:05

Hi Brasso, I sold out at 20p when I smashed my profit target. Having been here buying lots sub 3p I am very happy and not at all bearish. I could be richer yes but have learned not to be too greedy! Done a few profitable day trades here on the afternoon US movement tho!The fact that ARB monthly updates have always disappointed is a fact, unless you think otherwise?

[brasso3] 05/1/2021 09:58

Hootza

You seem to be bearish which is strange unless you have sold out. We are at 47p. I expect it could hit 55p today still. Wait until the action starts on the OTC.

ARB has outperformed BTC and its tax free in an ISA/SIPP.

[the chairman elect] 05/1/2021 09:57

Why did ARB list in London and not North America ?

[hootza616] 05/1/2021 09:55

Unfortunately increased interest means more voices to be tolerated.Not surprised that the results didn't cause any huge rise, they have yet to deliver a monthly report above expectations.The only news that will move this further other than the BTC rise is full US dual listing and dividends.

[crypto nugget] 05/1/2021 09:34

Good morning to everyone.

I'm learning all the time here, liked the RNS and the total BTC we now hold.

I suspect the slight drop in BTC mined may be due to the difficulty, but no expert in that field.

I can see why SNF compares us to the US miners now, and look forward to further good gains here when our extra capacity comes on line.

I picked up another 25,000 yesterday on the 10% pullback from the early high, so that smy fixed strategy now and will keep doing that and review it at BTC $100,000.

By the way don't you think "The Chairman Elect" needs to put on a new record?

Filtered along with Frenzy.

[the chairman elect] 05/1/2021 08:46

Hey nico115 why do you keep going on about that undervalued Canadian listed BITCOIN MINER / BLOCKCHAIN company namely TSXv:BITK ?!?!?

[brasso3] 05/1/2021 08:44

I expect we should have 250 BTC in the bank now by end of Jan and could hit around 600 - 800 BTC by the summer. We are probably also sitting on $2m - $4m in cash.

[brasso3] 05/1/2021 08:43

New mining rigs on schedule. This was a possible area for disappointment for me as I could imagine a possible delay due to demand. Now only 8 weeks away from a big increase.