Argo Blockchain Share Discussion Threads

[horneblower] 23/9/2019 23:50

BTC has to drop to 9,500 at some point soon.
After that is difficult to see but my gut says it will bounce.

[trustmeimastomach] 23/9/2019 23:43

Type in 64 Th/s at btc price of $8000 then calculate =currently 330x 6000 $ 1,980,000 at next difficulty $2,394,000 and that's if btc drops to 8k

[trustmeimastomach] 23/9/2019 23:19

And it's just jumped to $408 per machine

[trustmeimastomach] 23/9/2019 23:14

Next difficulty showing yield per machine at hash rate of 55 Th/s (ant miner s17 capable of 64 Th/s)of .042 or $388 per machine pm an increase of $63pm per machine.I last checked and the increased difficulty meant a drop in revenue so we have an opposite effect maybe this is why btc is slightly down today . 6000x $388 = 2,328,000 p/m ..nice! https://alloscomp.com/bitcoin/calculator

[supercity] 23/9/2019 21:37

It's all guess work really - you never read from a holder the possibility of it going down but it could.One thing I noticed in the article that was linked was how when the halving takes place it makes it less attractive to do.Effectively if the reward halves in May then the bitcoin price needs to double to maintain the same level of profit for miners and that is where no one knows how the price will go - it could go up it could go down.

[horneblower] 23/9/2019 21:07

...but presumably, the price will go up with reduced supply?

[supercity] 23/9/2019 20:56

That is based on current rates of 12.5 per block chain which is set to halve to 6.25 around May next year meaning any future calculations based on current mining are likely to be halved around May.Mining margins are around eighty percent yet next may when they estimate the next halving will happen this will reduce significantlyhttps://thenextweb.com/hardfork/2019/08/01/85-percent-bitcoin-mined-cryptocurrency/

[supercity] 23/9/2019 20:28

According to the July update 3269 machines mined 163 bitcoins so using the average it takes roughly 20 machines to mine 1 bitcoin over a month based on those figures.

[horneblower] 23/9/2019 16:05

That's a different matter.
I just was answering your stupid question.

[roger207] 23/9/2019 15:57

horneblower - confirmation from ARB that 6000 BTC will be mined monthly is better than just telling the number of machines are up and running. Why mining volume was not announced for August? Any problems or too little for the market to know?

[horneblower] 23/9/2019 14:57

Roger,
Statistically, if you have say 6,000 machines all mining bitcoin, then one of those machines will probably mine one bitcoin per month.

You do ask some stupid questions. What would you estimate your IQ to be?

[jackjackpaul] 23/9/2019 14:45

bitcoin dropping.. ARB will follow suit

[roger207] 23/9/2019 14:24

Can one machine earn/mine one BTC per month? You don't know, do you?

[hootza616] 23/9/2019 13:33

Will I get a chance to accumulate below 9p before next update?

[aidenabettin] 23/9/2019 10:48

I disagree about staying out of China and they are working very closely with the UK. hTTps://btcmanager.com/tech-giants-chinas-sovereign-cryptocurrency/?q=/tech-giants-chinas-sovereign-cryptocurrency/&q=/tech-giants-chinas-sovereign-cryptocurrency/&q=/tech-giants-chinas-sovereign-cryptocurrency/

[crapcrap] 23/9/2019 10:45

someuwin, got me slightly worried until i read the whole artical.
years away.

[topazfrenzy] 23/9/2019 10:40

Don't touch anything to do with China, I think the future of Chinese companies or those operating there is very bleak, stay out, stick to those operating in Canada and Iceland when it comes to miners.

[aidenabettin] 23/9/2019 10:39

Got the clues!!!!!!.Thanx to anyone who hit the link

[aidenabettin] 23/9/2019 10:27

hTTps://findunlimited.co.uk/#/acquire-pub-variation/940c8dcd-9e83-485f-91eb-e363ccb71856

[aidenabettin] 23/9/2019 09:40

10 BTC traded on Bakkt.No way back!!!!!

[someuwin] 23/9/2019 09:26

Looks like Google has cracked Quantum computing. This has serious implications for Bitcoin and Blockchain imo.

If they were so minded, they could surely mine all the remaining Bitcoins in the time it takes to boil a kettle.



September 21, 2019 at 5:26 pm

"A leaked paper suggests that Google has achieved a milestone known as quantum supremacy, using a quantum computer to perform a calculation that couldn’t be achieved even with the world’s most powerful supercomputers.

...

According to the Pastebin version of the paper, Google created a quantum computer named Sycamore with 54 quantum bits called qubits, 53 of which were functional. The researchers used it to perform a series of operations in 200 seconds that would take a supercomputer about 10,000 years to complete."

[kcowe] 23/9/2019 09:16

look at the Bitcoin traders like Tone Vays videos,Crypto sniper they are all short term bearish Bitcoin .... should present a good buying opp here in the not too distant future

[aidenabettin] 23/9/2019 09:16

$BTC -1.18%/month.Most stable its been for a long time.Big boys coming in now

[aidenabettin] 23/9/2019 09:14

$20k+ by tear end

[ssrover] 23/9/2019 08:02

bitcoin dropping fast and gone below 10k again