Argo Blockchain Share Discussion Threads

[hootza616] 04/11/2019 07:45

Let's hope it follows the rules for once!!

[scottman72] 04/11/2019 06:41

All things are starting to come together now.
Over the weekend BTC formed a bull flag. This has an expected breakout currently on 5th or 6th November with an exit price around 11.3k.
I'd say about 80% probability this will happen.

[ragnarr] 02/11/2019 00:02

16 USD by christmas ;-)

[scottman72] 01/11/2019 18:50

I would not be at all surprised if there was another move north this weekend.
There is multiple support below and a couple of resistance above. But this has been consolidating too long now.
Let's gooooooo

[hootza616] 01/11/2019 15:12

That's pretty profit they are cashing in. Hopefully they are done soon, then we can motor!However many they are selling, someone is still buying!Load them up people, BTC at $16k this weekend if the prophets are to be believed!

[john henry] 01/11/2019 14:22

Initial backers @ 0.1p still selling ?????

[orm5] 01/11/2019 11:59

Would be good to get an update on October's mining

[hootza616] 01/11/2019 11:48

Frustrating to see us dropping again after the great news!I'll be topping up if we see sub 7p.Absolute bargain!

[scottman72] 31/10/2019 14:48

Yes and no.
Near term still bullish. But at the same time BTC has always been just above a minimum trend line on a log graph just prior to halving.
This level is currently at ~6k and rises to ~8.5k at halving.
So there is potential that this could drop to 7k-7.5k before the halving.

[hootza616] 31/10/2019 14:26

Does your chart agree with the $7500 bottom Scotty?

[scottman72] 31/10/2019 12:54

Come on. That's not a breakout that's a whimper. Hopefully just pausing for thought.
10k at least, please.
;)

[bandflex] 31/10/2019 10:44

My point is that as the hash rate (differculty) increases the T17 will become less efficient and need replacing well before the other models.


Article excerpt-
Your chance of getting the block reward and profiting from mining is proportional to how much of the network hashing power you have. Sounds complicated but think about it like this. If there a 2 GPUs mining and you have one of them, you would expect to mine half of all the blocks in the network. You would get half the mining rewards, and life would be good.

What happens is the other miner has an ASICs that is 4xs more efficient than your GPU? You would only get 20% of the block reward.

ASICs are tailor built machines, designed to mine a single cryptocurrency incredibly well. One ASICs might be 100xs more efficient than a GPU mining rig and popular cryptocurrencies have farms of ASICs in a network. You need more hashing power to compete in a network with ASICs. Large companies like Bitmain are constantly working on releasing faster and more efficient ASICs.

These machines are often what will decide how long your mining hardware will last before it needs to be replaced.

[bandflex] 31/10/2019 10:24

Homebrewruss

I did show the electricity price used in my post and state that ARB are paying much less and that would have a positive affect on profit but couldn't remember the figure.

at 0.03kwh $9.0k btc

S17 $8.15

s17+ $10.89

T17 $5.53

T17+ $9.08

[hootza616] 31/10/2019 09:27

Previous predictions said it needed to fall to 7500 before rise to 20k, which it has did from 12k recently.GLA!

[parsons4] 31/10/2019 09:17

I must say Hootza616 I agree this must be a real possibility or maybe wish-full thinking on my part !!!!

[horneblower] 31/10/2019 09:17

My guess is BTC will go to $20k next year but it still needs to fall to around $5k first, probably quite soon.

[hootza616] 31/10/2019 08:34

This weekend could give us the predicted breakout to $16,000.But to be honest, despite the charts and predictions, it's a toss of a coin!Place your bets! Mine are on ARB braking 20p in January.

[scottman72] 31/10/2019 06:10

Could we have a BTC breakout shortly. Several indicators suggest so. If so, who’s betting on which direction. 🤔

[benny70] 30/10/2019 20:20

Big discount, only $918 a unit.

[homebrewruss] 30/10/2019 19:58

parsons, makes sense to me, my only question was why they didn't order this type of machine in the first place if it's the better option - not sure I'm going to get the answer though

[parsons4] 30/10/2019 17:35

Everyone seems to be experts in the bitcoin manufacturing process all of a sudden, don't you think that ARB have access to the best brains in the crypto industry ???
I would be very surprised if they have not ordered equipment that will give them the best return !!!

[homebrewruss] 30/10/2019 15:22

bandflex, have you used what ARB are paying in electricity costs per kw/h in your calcs as this affects whether or not the T17's make sense or not.

In August they said they are now paying $0.03 kWh


At lower electricity costs the gap between profit generated per machine/per month is not so great between the T17 and S17 assuming T17 is 40 TH/s (and 2200W) and S17 is 53 TH/s (and 2385w)

[hootza616] 30/10/2019 15:06

I have a feeling they know what they are doing. Efficiency is their core value proposition so I would think they are considering the best option.

[scottman72] 30/10/2019 14:43

Remember these are the 'as advertised' figures. ARB then 'optimise' the miners on receipt. But how and by how much they change things I've not seen disclosed anywhere.

[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.