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Your not right in your thinking wasnotwas.
Hashrate is the computer power
WasNotWas you are talking utter tosh I am afraid.
The halvings DO happen evey four years (not to the day, but very close). Halvings make no difference whatsoever to the difficulty of mining a block. They simply halve the Bitcoin reward for each block mined.
This is completely, totally, utterly separate from difficulty. Difficulty is a reactive property that changes over shorter time periods, typically fortnightly, to keep the rate at which blocks are mined constant, at an average of one block every ten minutes.
As more global computing power (hashrate) is brought online, difficulty rises to compensate, and vice versa. Whether you have one billion supercomputers mining Bitcoin, or one spotty teenager with a ZX81 in his parents' basement, the rate at which blocks are mined would be the same. One per ten minutes.
Wasnotwas. Doesn’t difficulty go up as more hashrate is brought online though so that the mining is prolonged?
Some utter cretins here this morning and plenty of green boxes must mean the Menaces have arrived - Do they not understand most of us have already made life changing gains and many more are on the cusp of the same, It Would also help if they could put a coherent sentence together.
Sorry meant in terms of compute power. I know the halvings etc make it harder. Also the halvings are not every 4 years.
The hashrate doesn't make any difference other than in the very short term. Difficulty adjusts as global hashrate changes to keep the mining rate roughly constant at one block (currently 6.25 BTC) per 10 minutes.
Hashrate has no bearing.
More hashrate the harder to mine
Nah 2140 is the Google version. I thought that for a while. The hashrate will mean late 20's .
Whoahhhhh. Our Esteemed and totally not greedy or manipulative MMs will make sure the shares are kept way down. A legion of FUD spreaders will be primed to drive us below £2. Just you see. Yesterday's RNS will be pushed hard as negative. Go on prove me wrong and HODL.
Question: had you known of the post-close fundraise, would you have sold (some/all) during yesterday ?
If yes, then overnight BTC breaks through $51k and is up close to $3k, so that overnight gain would be missed (coincidently I agree, but its been pushing)
We'll find out when mkt opens the net net effect of both. Taking into account - spread - MM & herd effect etc - I expect anyone who would have sold yesterday would buy back higher today.
Keep in mind: ARB cash flow from operations is its long term hodl. ARB has a long term view on BTC price (I wish I understood more about this). Unlike precious metals miners who sell production - ARB ihodls its production. Cash for operations and investment is needed from somewhere. I know my key learning is from yesterday :-)
A couple observations
- it is unheard of in a fundraise / placing (post-close) access is given to Retail. And ARB maxed the allocation. Credit to PW and ARB for embracing its PIs. You only have to check other RNS / BBs to hear 'real' complaints that PIs are not a valued investor group
- the US was an "investor" - singular
- the debt facility is not yet available to access so equity needed to crack on with Texas
- 121 million warrants in Pluto at 12p: I am a tad disappointed these are not at 6p raise price or less than 12p
- what price will Pluto eventually list for ? This could be a near-term multi-bagger for ARB and give access to IP
- I would prefer the fundraise discount less than 20pc (10pc or 15pc) but then again at least it isn't 25%
- investors are not looking for the quick 20pc gains, that's an incentive / insurance / non-cash margin. They are looking for multi-bag and its another endorsement of ARB and BTC longer-term
- I wish one of mine was crystal so I could see 12mths - 24mths - 5yrs into the future !!
Nothing but exciting to be part of the co. / learn about the tech / the quality of this BB
Credit to ARB for such a positive approach to PIs. Someone the other day mentioned that ARB was creating a brand. Just consider for a moment some of the companies that have become household names in the last 10 years... this is potentially mind-blowing.
As always DYOR
GLA
2140 is last one mined.
Sticking to it, like shxx to a blanket
time to extend the line up though 60k and on to 75k
https://imagizer.imageshack.com/img924/1512/FbUEze.png
The last bitcoin will be mined roughly 2079. Just saying lol
Oh dear TP, I think I'll be pushing up the daisies by then but what a nice inheritance for my beneficiaries. ATB & carry on your good work.
It’s actually really easy tbh, I’m from the year 2140 and the last Bitcoin has just been mined and it’s 2 trillion dollars a piece and the biggest business on the planet is the Argo Corporate “group of companies”......
:)
Thanks bobblicious
Where's your blog :)
The clue is in the name
Stick with me and my magic lines
:)
On a separate note, The prophet, you drew a line yesterday saying BTC would be 54k by the morning
Mystic!
;)
Agree with prophet
I think people need to wind their necks in a bit.
It’s ok for shareholders to question the actions and activities of the company they are invested in
It doesn’t mean they are not bullish and not still behind them, it just means they are passionate but don’t just follow blindly.
I’m not a fan of hero worshipping CEOs, it’s too personal and unhealthy, and leads to blinker wearing. Watch, review and ask yourself and the company questions so that you’re happy to continue being invested.
I am, even though I didn’t like some of the actions yesterday and today I’ll be buying even more!
I managed 3k in the end.
Zoro. You keep forgetting that you need to be invested in order to have shares in a company. We all know you sold. So move on. Or better yet stick around and watch the rest of us gain more profit. Poor little bugger.
From what I can see the money raised is so Argo can start building in Texas immediately as well as keeping the 25% stake in Pluto while we wait for the $100 million credit facility to become available. That's fantastic news. This means the Texas facility will be completed ahead of time and we will benefit greatly from it. It's a very aggressive approach which fills me with confidence. It will basically make us more money quicker. Can't ask for anything better than that.