Argo Blockchain Share Discussion Threads

[horneblower] 29/9/2019 21:20

So, perhaps the new computers aren't delivering as many bitcoin as expected after all?

[john henry] 29/9/2019 20:31

The final BITCOIN will be mined in 2140

[remarkomsoc] 29/9/2019 11:30

u r a cleva fella m8

[hootza616] 29/9/2019 11:03

In the tweets there are a few that suggest BTC is not sustainable due to the supply being restricted. Do they not understand that each Bitcoin is divided into 100,000,000 Satoshi and other divisible's?I expect that when BTC has global take up and acceptance people will talk about the price of a "UBIt" (100 Satoshi) "MBit" (1000 Satoshi) and "CBit" (1000000) Satoshi, rather than the price of a whole coin.Consider Gold miners talk about tons mined per year but it's then sold and distributed in ounces!

[horneblower] 28/9/2019 22:00

ha.
Well, if you were in any doubt before that, you'll know now where bitcoin is going. lol ☺

[aidenabettin] 28/9/2019 20:35

hTTps://twitter.com/APompliano/status/1178023135385440256?s=19

[zed2002] 28/9/2019 14:49

Comparison to Peers

ARB
Mining: BTC
210 PH/S > 500 PH/S > 1.36 EH
15 MW > 64MW
Average Production Cost per bitcoin in USD ($2000)

Market Cap = £23m (294m shares in issue)
No Debt
Cash 0 as invested in new Machines
Currently Profitable > Next Results watch this space

-------------------------------------------------------------------------

Hive
Mining BTC, ETH
300 PH/S
24 MW
Average Production Cost per bitcoin in USD (Unknown)

Market Cap: £42m (327.05m Shares in Issue)
Loans/Debt $2.7m
Cash $6.3m
$36m Loss

-------------------------------------------------------------------------

Bitfarms
Mining: BTC, LTC
520 PH/S
41.4 MW
Average Production Cost per bitcoin in USD ($2259)

Market Cap: £42m
Debt facility $20m
Cash Unknown
$1.3m Loss

--------------------------------------------------------------------------

Hut 8
Mining: BTC
963 PH/S
109 MW
Average Production Cost per bitcoin in USD ($2757)

Market Cap: £119m (193.27M Shares in Issue)
Debt $29m
Cash $6m
$28m Profit

[hootza616] 28/9/2019 10:02

We have to bare in mind that the whole ethos of BTC mining relies on the uptake of BTC and the increase of transactions. At every halving it is expected the amount of transactions in the network is roughly doubled so the opportunity to mine is also doubled. Remember you don't "mine a Bitcoin", you are rewarded for confirming a transaction with bitcoin.The more transactions there are in the network the more opportunity there is for miners. It will come down to the efficiency of miners if BTC drops lower and that will only add more opportunity for ARB. Being the most efficient they should be the last miner to turn off the lights!

[lithological heterogeneities] 27/9/2019 22:32

TopazWhat are the best alts ?

[benny70] 27/9/2019 21:38

Supercity I think it's nearer £2000 per bitcoin and as for costs after halving, if ARB are in trouble with their costs then no one is mining.

[remarkomsoc] 27/9/2019 21:11

The big spike in hash rate is from the new bitmain machines firing up apparently

[supercity] 27/9/2019 19:55

Is that 3500 based on the electricity costs?If it is then when the mining rewards are cut by fifty percent next April/May it would mean it will cost 7,000 to mine one bitcoin

[ragnarr] 27/9/2019 19:43

Good post Zed :-)

[hootza616] 27/9/2019 16:37

Yes and all figures to date have been based on a BTC price of £6500 with a break even at £3500.As someone else pointed out, since April we have been printing money at huge profit!Competed to the other miners MCap we are very cheap!

[zed2002] 27/9/2019 15:56

Hootza616: ARB recently changed their Strategy from leasing to to become Bitcoin Miner since 1st April 2019.

Interim shows Profit from bitcoin mined.

I guess the next set of results if great would put ARB on the map.

[hootza616] 27/9/2019 15:47

I am no expert on hardware but I would presume that the S17 is somewhat more efficient than the S9 discussed in the clip. Faster machines, lower cost power, competition struggling, where is the bad news for ARB? Why so undervalued compared to peers who will now struggle with old hardware and power costs?A perfect storm brewing for those invested here!

[zed2002] 27/9/2019 15:47

Roger207: Who said it was bad?

[roger207] 27/9/2019 15:34

Why having more mining machines is bad for ARB share price?

[zed2002] 27/9/2019 15:32

My Research so far.

S17e is out so the current machines S17 can be flashed the bios to get the same output ratio and efficiency Ratio as S17e


Piers = Hive and Hut 8 and Bitfarm

ARB = Market Cap = £23m (294m shares in issue)

Hive = Market Cap: £42,161,913 (327.05m Shares in Issue) Q3 Net Loss $36.4m - Cash $6.3m

Hut 8 = Market Cap: £118,869,513.30 (193.27M Shares in Issue) Q2 Profit $28m - Cash - $6m

Bitfarm = Market CAp: £42,278,332 Current Operation 41.4MW / 520 PH/s (4 cents) Q2 Net Loss $1.3m - Cash - Unknown

ARB saying

1. We have most efficent machines
2. Electricity (3-5 cents)
4. Optimization
5. Capital Structure and overhead costs Efficient

Upgrading all the time and want to be in position that if a better more efficent machine comes out we can secure those quickly.

S17 triple A Grade - Secured all available from Bitmain
T17 double A Grade - to complete the remainder of Order.

12000 Machines come in Q4

[remarkomsoc] 27/9/2019 15:09

a btc miner talking about profitability

[topazfrenzy] 27/9/2019 13:25

When to Sell Bitcoin? ‘Never’ — Mark Yusko Says BTC Like Amazon Stock

hxxps://cointelegraph.com/news/when-to-sell-bitcoin-never-mark-yusko-says-btc-like-amazon-stock

[horneblower] 27/9/2019 12:43

Yes, the two million share trades were institutions.
However, the average volume over the past month has been a mere 3 million a day or about £300,000 worth. Lots of rather small trades. Definitely not institutions.

Longer term I am definitely bullish for ARB and 50p is certainly not out of the question. BTC will see $20k again, probably early next year.

But the likelihood is it will see $6k before that.

[remarkomsoc] 27/9/2019 12:23

wot a summary you av posted