Argo Blockchain Share Discussion Threads

[stoneme] 21/8/2019 12:38

I agree - I'm a holder with a not insignificant core holding, trading dips in the process. As I've posted a few times, the 'too good to be true' feelings keep emerging.I've phoned the company to ask my question about whether they ALWAYS sell coins at prices above their released monthly numbers (offering always upside). As their are not an investment company, trading BTCs, I want to know this is the case. Otherwise why hold reserve of coins. I await their call back.

[stoneme] 21/8/2019 11:36

No worry for a BTC crash then? Strange if you ask me. Whilst I do not believe we will see a BTC crash like 2018/19, we must not forget, within the last 12 months, BTC was at $3.2k.If there was zero risk of this happening, and the worst low was, say $6k, with potential highs of $20k, $100k per coin, it would be safe to say this would already be multiple times the current price, but also we would see the emergence of new competitors.

[topazfrenzy] 21/8/2019 10:26

The only thing that worries me is if it is taken out at under 50p.

[lithological heterogeneities] 21/8/2019 10:20

ARB will be a minimum 10 bagger this time next year or bought out for a very,very substantial sum.

[roddyb] 21/8/2019 10:15

Similarly no-one is interested in the 8 times a day crowd.

[topazfrenzy] 21/8/2019 10:07

Ignore the great bores, they think they are master traders when in fact they are nobodies shuffling their pennies. This is heading much much higher.

[lithological heterogeneities] 21/8/2019 10:02

Yep. ARB is not an AIM share.

[bingham] 21/8/2019 10:00

ARB is not an AIM share.

[roddyb] 21/8/2019 09:56

Well played Nico, we have all had experiences of rampers posting 8 times a day on AIM share regurgitating fantastical predictions - always best to have a balance and take the cash along the way rather than go long blindly

[nico115] 21/8/2019 09:55

Told u yday I sold above 10pToo much ramping ion here and twitter When it dies down we will rally again

[topazfrenzy] 21/8/2019 09:40

You sound like one of the great bores of life nico, announcing when they sold for a profit just before the share price corrects a bit, give us a break please, no one is interested in your stupid finances.

[nico115] 21/8/2019 09:09

Totally agreeWas just too much ramping on Twitter yday which is always a good sign of a short term top ..that's and Bad Robot!! Lol

[scotty666] 21/8/2019 08:52

Well done on taking a profit nico.

It will eb & flow with bitcoin movement but that needs to fall a long way to stop this throwing off a lot of cash.

Obviously with yesterday news the risk:reward will increase as they plan to reinvest the cash.

Happy to hold on.

[nico115] 21/8/2019 08:27

Oh dear down 20pct in a day Annualise that!! Lol

[dr sexington] 21/8/2019 08:18

Hey Patsy

RE-open the direct debit to my charity, even small donation of £10 pm is OK.

Cheers.

[nico115] 21/8/2019 08:07

Very happy to have sold out at 10.1pToo much ramping Too dependent on bitcoin price

[costax1654x] 20/8/2019 23:01

In case you didn't know!You can google it yourself

[costax1654x] 20/8/2019 23:01

So....less profit soon

[costax1654x] 20/8/2019 22:46

Bitcoin's halving - a pre-coded 50% reduction of block rewards for miners- remains some time away: May 2020. While the event can have bullish implications for a coin's price (by increasing scarcity), its impact on miners is keenly watched, with some concerned that lower block rewards will deter network participants and adversely impact the network's hashing power.

[geheimnis2] 20/8/2019 21:17

Lol looks like the buffoons have come out to play...

[topazfrenzy] 20/8/2019 20:40

ANYWAY this is heading to £1 faster than you all think
DINOSAURS should get off this rocketship now and STICKTHEIRPENNIES in FUKKINRIOTINTO (4 da dividendinnit)

[74tom] 20/8/2019 20:17

In July Arb mined 163 BTC using 126 Petahash. Therefore 1.29BTC per month per Petahash was generated.

As per 6th Aug RNS this will increase to 505 Petahash by the end of the year, a 300% increase.

Assuming mining difficulty remains the same, this would result in 652 BTC per month being mined from 1Jan 2020.

Current BTC price = $10700, but taking a prudent $10000 at Jan 1st, this would result in revenues of $6.52m per month, at an 80% margin. So gross profit of $5.21m per month.

Deducting overhead costs of $500k per month (a guess but most likely far less than this), leaves $4.7m profit, which at current exchange rate of 1.2 = £3.93m per MONTH of pre tax profit.

And that was before today’s news of mining capacity being upgraded to allow an extra 855 Petahash of mining power.

This company is growing at an extraordinary rate, once they have their 22,000 machines (quite possible they will in 6 months), I’d like to see them start paying a dividend and growing the cash reserves.

Using the 1.29BTC per Petahash calculated from the July figures, 1360 Petahash could theoretically generate 1759 BTC per month.

1759 * 10k * 80% margin = $14m gross profit per month. WOW