Argo Blockchain Share Discussion Threads

[k1ngkonggb] 25/9/2019 08:33

Gold is irrelevant to this argument but it will certainly appreciate in the future even from today's price. It maybe that the Fiat currency will eventually die.

I can also see BTC appreciating quite substantially over the next 5 years but there will be dips.

[horneblower] 25/9/2019 08:21

Gold is irrelevant...except that, like bitcoin, it is mined either efficiently or not.

[aidenabettin] 25/9/2019 08:18

What if BTC is used by 1% of the population and not

[stoneme] 25/9/2019 08:14

I raised this more than once.It's a strange decision by the company, and supported by BTC fantasists that BTC held would simply be worth more in the future than now.If BTC falls below $6k ARB would IMO be struggling to justify their recent heavy investment in kit.Also, when they repost their mining yield in the next couple of weeks we will see a very poor result based on where BTC price will be.Will they change their reporting to announce how many coins mined, and choose not to reference BTC price?

[aidenabettin] 25/9/2019 08:14

Gold will never ever appreciate in value compared to BTC.Only going to be 21M ever!!!!!.How much Gold is in the world?

[horneblower] 25/9/2019 08:10

If BTC returns to the $5k area, which now looks rather likely, it will expose the company's policy of not immediately converting its mined coin to dollars.

Yes, if bitcoin had gone up we would have followed it up, however, do investors want simply to be a bitcoin tracker or do they want to gain profits from efficient mining?

Name a single gold miner that doesn't immediately sell all its mined gold? There aren't any, and for a very good reason.

[rakepat37] 25/9/2019 08:08

This is going to fall hard due to bitcoin falling heavily

[k1ngkonggb] 25/9/2019 07:21

Parsons....how about a cryptocurrency backed by Gold!!!??

[aidenabettin] 25/9/2019 07:19

ATH reached yesterday with 75k BTC traded and thats just a drop in the ocean.I might change my mind about ARB if i can find any M&A actiivity

[aidenabettin] 25/9/2019 07:10

On the positive side we had massive amounts traded with no problems encountered and crypto rolls on 24/7.Another stress test passed.First volatility for 3- 4 months

[costax1654x] 25/9/2019 06:58

6p today!!!!

[roger207] 24/9/2019 21:53

Roger asked ARB to cash in their BTC!

[horneblower] 24/9/2019 21:48

topaz, please don't call me a numpty; it makes me laugh too much and I get hiccoughs.

I'm waiting to buy in, not bail out.

[topazfrenzy] 24/9/2019 21:31

ok, now buy lol

[kcowe] 24/9/2019 21:30

I did say btc was gioing to go alot lower , all the pro btc traders were predicting it
more pro traders on bitcoin than share prices it seems lol

[aidenabettin] 24/9/2019 21:26

What if Bitcoin is used/traded more upto and after halving?.BTC is probably used by < 0.4% of the world.In 1995 the internet was used by 0.4% of the world but in 2019 it was 58%.BTC is only beginning and a BUY BUY BUY

[supercity] 24/9/2019 21:17

The huge fall on bitcoin today is exactly the reason Argo should be selling regularly to bank the profit.Bitcoin is very volatile and suddenly the value falls from 10200 to 8500 inside a week and Argo bitcoin valuation loses 15%.Last week all I read was how it would go to 20,000 and Argo would never see 8p again.Today it looks like it could easily crash further.Once the mining reward halves around May time a fall like today could actually make mining loss making.Look how many people are now doing it - 200,000 units sold by the end of the month and $400m profit from the mining machine manufacturershttps://blockgeeks.com/why-did-the-bitcoin-hashrate-suddenly-plummet-down/Lower Miner ProfitabilityOne possible explanation is that there has been a sudden exodus of miners from the network because of low miner profitability. Checking out the miner profitability chart, one can see that Bitcoin mining has become increasingly less profitable.bitcoin hashrateOverall profitability depends on several factors such as the cost of electricity, the price of equipment, mining difficulty, and the price of Bitcoin itself. As per CCN, the current lull in Bitcoin's price may have pushed the miners out.However, a report by CoinDesk made on 23rd September itself paints a different picture. Yang Zuoxing, founder and CEO of MicroBT, announced in a keynote speech that the company had made $400 million in just a few months. MicroBT creates the WhatsMiner bitcoin mining equipment. According to Zuoxing, their M20 series models have been selling like hotcakes and they have already delivered over 100,000 units and expect to deliver 200,000 by the end of September. If mining profitability really is the issue behind this exodus, then it makes no sense for miners to keep buying such expensive mining equipment.

[trustmeimastomach] 24/9/2019 21:10

And dumped again