Argo Blockchain Share Discussion Threads

[bandflex] 30/10/2019 14:39

Antminer S17+ has a hash rate of 73 TH/s and operates with a power efficiency of 40 J/TH + 10%, while the T17+ offers a hash rate of 64 TH/s and a power efficiency of 50 J/TH + 10%.

The RNS talks of T17 and S17 not the + model.

T17 hash rate 40 TH/s, power efficiency 55 J/TH

S17 hash rate 56 TH/s, power efficiency 45 J/TH


Big difference in profitability between T17 ($0.70 per day) and T17+($2.03 per day)

hxxps://www.asicminervalue.com/miners/bitmain/antminer-t17-40th
hxxps://www.asicminervalue.com/miners/bitmain/antminer-t17-64th

and S17 ($3.40 per day), S17+ ($5.48 per day) all at 0.12kw/h.

ARBS lower electricity costs will increase profitability for each by a considerable amount but the T17 will still be the lowest.

17000 machines at 640 PH/s means an average of 37.6 TH/s per machine so the majority must be the base model T17 if my math is correct.

Is the T17 a false economy, I think so but only time will tell.

[homebrewruss] 30/10/2019 13:10

Video posted here on the differences between the S17 & T17 miners (with my comment beneath):


I can only assume that they have been trying to renegotiate their order to T17's since they got the electricty deal in August because T17's while less efficient than S17's still mine at a pretty good rate and have a much cheaper upfront cost than S17's but use more electricity.

[nico115] 30/10/2019 12:48

If bitcoin falls this will fallPeriod

[supercity] 30/10/2019 11:47

SuffersnofoolsUtter garbage - read the rns for goodness sakeArgo has decided to pursue this opportunity as the amended order is significantly superior in terms of total mining efficiency and enables the Company to grow further its overall mining capacity.In other words the old machines are not efficient enough for them - take the rose tinted specs off for 5 minutes and stop jumping down people's throats

[ragnarr] 30/10/2019 10:47

The T17+ mining machines were only launched this month at the World Digital Mining Summit this October - so this decision is a clear indication of how on the ball the BOD are.

[suffersnofools] 30/10/2019 10:06

Supercity - utter garbage - they've changed the order because of the deal they can now get on the higher spec compared to when initial order was placed.It's a win/win as already stated.

[homebrewruss] 30/10/2019 09:52

super, thanks, but why didn't they just order T17's back in July when the first mentioned their big new order. I'm trying to find some price history but given that new Antminer models are on the horizon I can only assume that the price per T17 has come down since they made the initial order.

Edit: the price difference between base T17 and S17 is quite large now plus they give you a $150 coupon against then next T17 if BTC price is below $10,000

[supercity] 30/10/2019 09:50

They get more machines for less money which they say are more efficient so it's a win win for that - what is going unmentioned is an underhand admission that the machines they have already bought and were originally ordered (now replaced) are not efficient enough after only six months.

[homebrewruss] 30/10/2019 09:26

Anyone know why they didn't go for the T17's in the first place given the apparent cost/performance benefit?

Is it that the T17's were previously not available or the price has come down?

[orm5] 30/10/2019 09:11

And the company is now spending circa £2.8m less for more capacity. £2.8m less is more than 10% of the current market cap and that's excluding the cash being generated from mining....surely the share price should be up 10% on today's announcement and that's excluding cash generation from mining....

[scrutable] 30/10/2019 09:04

2000 BTC mining machines printing money at end 2018; 10,500 by end 2019,
17,000 by Jan/feb 2020 (?) and all funded from internal cash flow......

In the last 20 years I have never seen such growth and profitability from any company; yet greeted by an uninterrupted string of sells.

What's up?

The current share price will look really silly in january 2020.

[suffersnofools] 30/10/2019 08:46

Possible but increasingly unlikely imo with the rising ema'sI'm seeing some divergence from the alts, my Neo, Bch and eos have all broken out in recent sessions.....

[horneblower] 30/10/2019 08:35

This week's bitcoin spike up to 10k is looking a little spurious. After all, it was caused by an announcement by the Chinese leader about their future involvement in blockchain - not entirely relevant to bitcoin.
I am still looking for BTC to reach 5.5k before the big bounce.

[parsons4] 30/10/2019 08:21

Once again here comes the selling !!!!???

[chrisan101] 30/10/2019 08:21

No I don't, RNS supports the fireworks are being setup for 2020. Unless BTC rises I don't see much happening between now and end of year. Only 500 to be installed this year now. RNS is great for 2020.

[riddlerone] 30/10/2019 08:12

They are actually spending $3.5M less than they had already committed to.

[suffersnofools] 30/10/2019 08:07

Nice announcement - plenty of cash to spend......

[hootza616] 30/10/2019 07:59

Good that the company communicates by RNS regularly.I like it!

[hotdaddy1972] 30/10/2019 07:42

Expanded Bitmain Order to Increase Mining Capacity by 240%
Argo, a leading enterprise-scale cryptominer based in the UK (LSE:ARB), is pleased to announce that it has amended and expanded its existing order for mining equipment from leading supplier, Bitmain.
The Company's existing order for 5,000 Antminer S17s costing $13.09M USD has been replaced by an order for 10,000 Antminer T17s costing $9.51M USD. Argo's existing S17 down payment of $6.546M USD will be applied against this amended order. The outstanding balance of the amended order is fully fundable from Argo's cash resources.

[aidenabettin] 30/10/2019 07:39

Buy BTC!!!!.A good rns though

[supertag] 30/10/2019 07:12

Now that's more like it!

[hootza616] 30/10/2019 06:35

How are the tea leaves looking today Scotty? Still bullish tones?

[hotdaddy1972] 29/10/2019 20:12

The new rigs are 50% paid for and the rest of money is in the bank, they don’t need the coins to pay for the new rigs which incidentally they always said November to start taking delivery of the new boxes!

[scottman72] 29/10/2019 18:59

Theres no point holding the BTCs at the moment. All this does is delay installation of new miners.
The cost of this delay is more than any gain in waiting for a potential rise in BTC price.