Argo Blockchain Share Discussion Threads

[king suarez] 09/1/2021 15:33

Some numbers..

If the 'plan' is for the last bitcoin to be mined in 2140, then that is 120 years away, approximately 63m minutes away. An average of 20k bitcoins mined per year.

The current bitcoin mining rate is supposed to be around 10 minutes per coin.

There are purportedly 2.4m coins left to be mined.

According to this site there are currently 900 coins being mined daily:



2.4m coins at 900 per day is 7.3 years, so the difficulty rate is going to (have to) skyrocket soon?!

Current network hash rate is around 150 EH/s and ARB will be at 1.1 EH/s soon. That is 0.7% of the overall hash rate.

ARB mined a little over 3 bitcoin per day in December, which is about 3% of the current 900 per day rate, so they must presumably be mining a lot less in January?

Does anyone have an accurate model of how many coins worldwide are expected to be mined, say over the next 10 years? Then you can maybe apply ARB's market share of the network hash rate and work out how many ARB may have in Treasury - then multiply by your assumed bitcoin price and that gives you balance sheet value of the business?

[nico115] 09/1/2021 14:25

NoI haven't Sorry mate

[gspanner] 09/1/2021 14:23

bout flipping time too

[crypto nugget] 09/1/2021 14:14

ZCash looking healthy too.

More cash in ARB's coffers.

[mattybuoy] 09/1/2021 13:45

Live (daily) graph of BTC mining revenue per Terahash:



Might help with profit estimation.

Note: Argo partially owns this website, it's part of Luxor Technologies.

[zenja58] 09/1/2021 13:40

3,000 MEMBERS
-

[aidenabettin] 09/1/2021 13:34

Ok we will leave it at that. I will stick to my theory though. More than enough money been made here already. Anything from here is a bonus for me

[suffersnofools] 09/1/2021 13:29

What argument?

[suffersnofools] 09/1/2021 13:29

I don't agree Aiden. As I said at the time he wanted to derisk same as we all did.I'm a big fan of Occam'a razor

[horneblower] 09/1/2021 13:23

One can rarely read anything into director share sales.

Directors are only allowed to sell in open season which can sorely restrict the timing of sales, often to their great frustration.
Then why would directors sell at all if they are sure the price will be higher later. Answer...mostly because they need the money for something else like buying a house or school fees etc.

Share purchases are another matter.

[aidenabettin] 09/1/2021 13:05

Regards director selling. My opinion at the time was not bad news related but that it was an application of the footbrake

[hybrasil] 09/1/2021 13:05

Suffer
I think you are answering your own argument.
The managing director foregoes £1m by his choice of sale date.
The answer is no one has a clue!

[suffersnofools] 09/1/2021 12:59

Plus there is a lot more personal satisfaction building value through a business you build yourself as opposed to being one of the people lucky enough to have capital to risk on the equities casino!

[suffersnofools] 09/1/2021 12:57

Amen brother :)

[suffersnofools] 09/1/2021 12:54

I didn't know this years Darwin Awards nominees were already being made :) Ffs! What part of the S2F model do people not understand. The relationship between mining difficulty and BTC price is the pivotal aspect to future value and you post on here without understanding it. Couldn't make it up.

[dorset64] 09/1/2021 12:52

SNF, after a few years of Bitcoin being around I was interested in it but not enough to trust it to invest in it. A few years later & despite my co's doing well I weighed up putting some money into BTC but instead, started another co. That co. now has t/o of circa £8m so I'm happy with the way I chose BUT, if I had spent the same amount of money into BTC I would had been a lot better off, if I had of held that is.

Point being I don't look back and wish I chose BTC as life is full of choices and as long as you have a figure in your mind that will set you up for life, why gamble it for the sake of more that won't make too much difference to you even if it comes off.

You've done extremely well here & hats off to you.

Luxor, has anyone else tried to look on their website as for me it just won't load?

[suffersnofools] 09/1/2021 12:51

Odd that the bears who tried to tell us his sale was due to him insider trading bad news, and that director sales meant 30p 'was the top' have gone very quiet after it more than quadrupled since.

[suffersnofools] 09/1/2021 12:42

Yep, the alternate path, could well happen.However, I'll be selling 5 of my BTC around 50k as I'm now at a point where I'm mortgage free and can travel and indulge my love of fine dining and won't risk that to have 20m in the bank rather than 5. As others have wisely said, chasing money for money's sake diminishes quality of life not improve it.

[crypto nugget] 09/1/2021 12:34

hybrasil - yes mining difficulty will increase over time.

That though, will mean an even bigger squeeze on the supply of BTC.

Our increassed capacity will take care of the problem, at least in the shorter term, but the BTC we hold on our account will of course become valuable over time.

As aiden rightly points out the investment in Luxor, although not massive, is very important over the longer term.

Its nice to think that we were mining some BTC around the $4,000 level though and now they are worth 10 times that.

[aidenabettin] 09/1/2021 12:25

And a 1k mined at $100k $BTC.A lot of money and the game is evolving.We have years even decades before we have to be concerned hence the early investment into Luxor

[hybrasil] 09/1/2021 12:17

Yump

My information is that mining is getting more and more difficult.
I agree that at the current price if they mine 1500 coins that at $40000 things start to get exciting.
The reason I put up the figures was to show the dramatic fall in numbers mined over the year.
In other words we could see substantially less than 1000 mined.
Time will tell

[aidenabettin] 09/1/2021 12:12

Mates rates as you guys like to call it.Fantastic investment imo.I said the brakes would be applied here and the usual team are involved.Big deals being done with Canada and the US

[hotdaddy1972] 09/1/2021 12:10

Do some of the other miners with 4-5x the market cap add up then?

[hotdaddy1972] 09/1/2021 12:08

Care on your SIPP, only £1.1m to play with before 55% to get it back....