Argo Blockchain Share Discussion Threads

[liveit2] 03/9/2019 14:52

bad gateway - us has a president that controls markets via tweets - btc is people power and its showing - money re-invented - look at the state of uk politics - no one knows what to do or who to believe

btc gives power to people

[bad gateway] 03/9/2019 14:48

So just 6.8m U.S. consumers use the same amount of energy as the whole of the continent of Australia? All its power needs? That's a hell of a lot given there's nearly 400m U.S. consumers (google search)
Think the planet needs to worry less about BTC and more about those wasteful yanks.

[liveit2] 03/9/2019 14:06

its just gone crazy with volume to boot

[stoneme] 03/9/2019 13:57

Yup. BTC is about to explode . . Year highs are coming IMO

[liveit2] 03/9/2019 13:55

those selling at these levels will be kicking themselves (imo)

[liveit2] 03/9/2019 13:54

10500 not far - if sustained btc should surge ahead -

[stoneme] 03/9/2019 13:21

With respect, that's not the point is it? (Incidentally, both China and India are low consumers of energy by the correct measure - per capita)BTC mining adds nothing particularly to anyone's life. . I go back to my primary point. 0.3% of all consumption. . That's worrying. As the machines need to become even more powerful to mine BTCs, at the same time as the world needs to consume more energy. It COULD become an inhibitor.

[liveit2] 03/9/2019 13:03

another bounce coming?

[fuji99] 03/9/2019 13:00

stoneme - "It makes me wonder what proportion of renewable energy is consumed by BTC miners?" - As long as they pay their electricity bills, it's OK, isn't it ?
You have to see how they generate electricity in India and China for almost 3 billion people to quantify the real consumption...

[scotty666] 03/9/2019 12:19

Its not very easy to build a new hydro power station either, just as well we have a 3 + 2 year extendible power contract.

[stoneme] 03/9/2019 12:09

Yes, but there remain a finite amount of eco friendly power, so whilst the world seeks to reduce its Carbon omissions, if eco friendly power is consumed by BTC miners, rather than the worlds broader needs, that remains a concern.0.3% of the whole worlds power consumption. That's HUGE. It makes me wonder what proportion of renewable energy is consumed by BTC miners?

[parsons4] 03/9/2019 11:51

A big battle going on between the stale initial investors who are content to take a much smaller loss than they might have done a few months ago. And those who now realise this could be about to blow, as I do !!

[danatkins] 03/9/2019 11:49

Levy to be effective would need to be a consorted effort from major governments to curb miners. What I've seen in the past is any attempt by governments to derail BTC BTC does the opposite of their intended outcome and goes up in value. Best thing is to mine in a friendly jurisdiction

[soupdragon55] 03/9/2019 11:33

Indeed fuji and thats a good thing. I was more talking about BTC as a whole. A levy would be fine as long as it doesn't punish those who source renewables.

[fuji99] 03/9/2019 11:27

Soupedragon - The electricity used is from renewable sources in Canada.
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"Argo has allocated its resources in search of adaptable and highly efficient data centres. The combination of inexpensive hydro power from Quebec, and leading-edge equipment, has allowed Argo to continue to be profitable, even throughout cryptocurrency downtimes, like the crypto winter of 2018."

[danatkins] 03/9/2019 11:22

try this one (for anyone directly trading BTC)

[stoneme] 03/9/2019 11:16

That's a huge buy. . Anything at or below 10p is being gobbled up. Onwards and upwards.

[danatkins] 03/9/2019 11:15

hxxps://youtu.be/71M0uMYSUIg

[danatkins] 03/9/2019 10:57

Horneblower blockchain is the system crypto currency works on so BTC is decentralised but the tech can be used for many things from book keeping to transaction. It's a secure ledger it does not matter if centralized or de centralized but because BTC is decentralized means government have less control over it

[soupdragon55] 03/9/2019 10:56

Would make sense Stoneme, unless the electricity used was from renewable sources.

Its a massive amount of power to be used on something that hardly anyone uses for real transactions.

[stoneme] 03/9/2019 10:50

This is worrying? Could governments act to make mining more difficult by maybe applying a levy to power consumption?Bitcoin used an estimated 200 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 73 terawatt hour. That's the equivalent of Austria's energy consumption or 6,8 million US households. Bitcoin's energy consumption now represents 0.3% of the whole world's electricity use.

[stoneme] 03/9/2019 10:46

A finish above 10p would be important IMO. We have sellers always as it hits this range.

[fuji99] 03/9/2019 10:41

Operations update probably due this week as it is on the first week of each month.
This could give it another boost.
Mind you the IPO price was 12p.

[danatkins] 03/9/2019 10:36

Sorry meant for the link hxxps://qz.com/1687151/new-zealands-tax-authority-approves-crypto-wages-and-salaries/