Argo Blockchain Share Discussion Threads

[crapcrap] 24/9/2019 10:47

forgive me for being stupid, but what happens when we reach 21 million coins
mined??????

[homebrewruss] 24/9/2019 10:42

Oops, thanks Hootza, have corrected. LOL

[hootza616] 24/9/2019 10:35

Careful what you say Homey, the bitcoin price isn't going to halve it's the reward for miners which is halved!

[aidenabettin] 24/9/2019 10:23

hTTps://m.marketscreener.com/BANCO-SANTANDER-S-A-69308/news/Santander-Invests-in-Blockchain-Startup-Securitize-29245591/

[homebrewruss] 24/9/2019 10:10

Horneblower, if bitcoin drops below approx $9500 would you see that as bearish and next support around $8000?

[homebrewruss] 24/9/2019 10:09

supercity it remains to be seen what happens when the bitcoin halving happens, it's anyone's guess really but it's gone up in the past:

[zed2002] 24/9/2019 10:04

No worries homebrewruss, the calculations is based on machines with different hash rate as we dont have definite answer as to which type of machines being used. I hope we have TR1 soon of the seller finish dumping and good detailed RNS in October

[zed2002] 24/9/2019 10:00

Supercity i agree with you but we will have more machines installed by then so should compensate on halving?

[supercity] 24/9/2019 09:58

Don't forget the mining reward is going halve around May next year therefore any calculations after that month would need to bear that in mind.In other words if they can achieve 500 a month at full capacity now it is likely to be 250 at full capacity from May onwards.

[homebrewruss] 24/9/2019 09:53

zed, thanks for these. Very useful.

[zed2002] 24/9/2019 09:36

These are rough calculations (Revenue based) at $9700

6000 Machines

T17 (38TH/s) = $237.26 x 1000 = $237,260
S17 (53TH/s) = $330.91 x 4000 = $1,323,640
Z11 = $101.18 x 1000 = $101,180

Total = $1,662,080 Per Month

T17e (53TH/s) = $330.91 x 1000 = $330,910
S17 (53TH/s) = $330.91 x 4000 = $1,323,640
Z11 = $101.18 x 1000 = $101,180

Total = $1,755,730 Per Month

T17e (53TH/s) = $330.91 x 1000 = $330,910
S17e (64TH/s) = $399.59 x 4000 = $1,598,360
Z11 = $101.18 x 1000 = $101,180

Total = $2,030,450? Per Month

10000 Machines

T17 (38TH/s) = $237.26 x 5000 = $1,186,300
S17 (53TH/s) = $330.91 x 4000 = $1,323,640
Z11 = $101.18 x 1000 = $101,180

Total = $2,611,120 Per Month

T17e (53TH/s) = $330.91 x 5000 = $1,654,550
S17 (53TH/s) = $330.91 x 4000 = $1,323,640
Z11 = $101.18 x 1000 = $101,180

Total = $3,079,370 Per Month

T17e (53TH/s) = $330.91 x 5000 = $1,654,550
S17e (64TH/s) = $399.59 x 4000 = $1,598,360
Z11 = $101.18 x 1000 = $101,180

Total = $3,354,090 Per Month

[stampylong trader] 24/9/2019 07:43

Anyone shorting bitcoin and long the miners?

[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?