Argo Blockchain Share Discussion Threads

[dorset64] 14/1/2021 18:00

Good to see you back Suffers, and ignore the noise, they're mainly ego trips anyway.

[mattybuoy] 14/1/2021 17:57

It's not a debate. No offence but you don't understand how it works.

Transaction fees are totally unrelated to both BTC and dollar value. They are purely a function of how many UTXO inputs/outputs are involved and how congested the network is. Yes, you can choose a fee but the fee level at which a transaction will actually get processed is down to the above-mentioned parameters. If the chosen fee level is insufficient the transaction will never get processed, and eventually the network will drop it.

I will say no more.

[hootza616] 14/1/2021 17:24

Not sure why we need to leave it, it's a valid and interesting debate, especially as ARB make money from transaction fees and will so more so over the coming years.Question, for anyone who cares to debate, do you think the transaction fees will still be at around 0.0001BTC when BTC is worth $1m a coin? That's $100 a transaction, even if the value of the transaction is $1. I don't think so.The fee is determined by the initiator of the transaction and is essentially voluntary and variable. Therefore the volume of network transactions and price of BTC will determine the fees required for miners to process the blocks.

[aidenabettin] 14/1/2021 17:00

+ 15.2% is my kind of sideways

[turdlurker] 14/1/2021 16:48

So I guess the 4.5m shares coming into the market yesterday may have caused the sideways movement during today's trading despite BTC reaching 40k+. Shame. Hope they're done taking profit 😃

[uapatel] 14/1/2021 16:47

Hoping the US OTC can push us on like yesterday. Then open gap upward consolidate and we push on.

Not sure all the brokers over the pond allow trading in the OTCQB market and those that do may not yet have ARBKF available to trade as yet.

Nice to see us well over the £1 mark though.

[mnomis] 14/1/2021 16:35

Re performance, was expecting slightly better, but still a decent showing and am sure will kick on quickly when start setting new ATH's in BTC.

[thefartingcommie] 14/1/2021 16:34

Argo Blockchain - Q&A with Peter Wall Video 2 - Jan 14 2021

[fozzie] 14/1/2021 16:29

Surprising but a quiet start in the US, may push on later and another gap up in the morning. Another great video from the boss, thanks for posting Uapatel. Fantastic of the PW to do these vids, amazing access to the ceo. I wish many more companies were this open to their investors.

[nico115] 14/1/2021 16:20

Disappointing performance today considering US miners and Btc strong

[mattybuoy] 14/1/2021 15:53

That's just not true, transaction fees are completely unrelated to the value being transferred. Let's leave it though.

[hootza616] 14/1/2021 15:51

My point is that as the value of BTC grows the number of Satoshi required to process a transaction lowers.

[mattybuoy] 14/1/2021 15:47

Hootza,

"Yes but the cost of a transaction is a percentage of the value. When a whole BTC is worth 100m it will cost just a Satoshi or two in transaction fees."

Sorry but that it is completely wrong. The transaction fee is determined by a) the data size of the "inputs" (NOT the value) and b) how full the mempool is.

I don't want to hijack the board with techie stuff, just trying to make a basic point.

[countdracula55] 14/1/2021 15:44

45k but the mornings, don't miss the trip.Gla.

[aidenabettin] 14/1/2021 15:42

Ok short $BTC @ $40500.The volume is too low imo.Just a few quid

[telbap] 14/1/2021 15:37

@mnomis......Yep that made me chuckle :)

[mnomis] 14/1/2021 15:36

Did not expect to see $40k by Thursday :)

[mnomis] 14/1/2021 15:35

I see Polkadot up 30% today ... if you recall, Argo has 100k of DOT, so now has over $1m in Dot ($1.25m as of today).

[aidenabettin] 14/1/2021 15:33

Touching $40k

[the chairman elect] 14/1/2021 15:23

Many of the BITCOIN MINERS / BLOCKCHAIN companies that I follow World wide are holding up considerably well given the big fall back in BTC

There will be many buying opps over the coming days including in the likes of ARB

Also take a look on this ARB thread at POSTS 11473 to 11477 for another excellent BITCOIN MINER / BLOCKCHAIN play which has now got it's own thread EPIC: BITK

Ticker TSXv:BITK

Happy hunting all - just keep buying those dips!

[mnomis] 14/1/2021 15:22

Thanks Uapatel - see you got a special mention. Was a good video.

[aidenabettin] 14/1/2021 15:13

hTTps://www.bbc.co.uk/news/uk-wales-55658942

[hootza616] 14/1/2021 15:12

Yes but the cost of a transaction is a percentage of the value. When a whole BTC is worth 100m it will cost just a Satoshi or two in transaction fees.

[uapatel] 14/1/2021 15:06

ARB Q&A pt2