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not quite jumping ship as he is starting a new venture, if you are not happy you should sell
The ARB team ahead of the curve? You mean the founder and CEO who left a couple of months ago?! He really is ahead of the curve - he jumped ship!
It’s Feb , a lot can happen in crypto land over 3 months .. cash generated can buy more machines pretty sure ARB team are ahead of the curve
actually with no BTC price change, post halving reduces ARB's margin by MORE THAN 50% - in fact closer to 100% (!) as costs don't come down, and revenue halves (if no BTC price change nor volume of BTC mined)
3 scenarios could be in play post halving btc price doubles so we still make the $3 million . stays the same so must re-invest for same margins or ARB re-tune to mine other crypto on the SHA-256 algorithm
That’s 10.4 per day by the way
With 640 p/hash BTC mined remains constant at 10.4 approx .. blocks are mined every 10minutes if mined quicker hash rate goes up if mined slower hash rate goes down we are in the $3 million per month ballpark
Think about this. Mining difficulty has trebled in a year. So if you were breaking even early last year when BTC was $3000 you would now have a breakeven of $9000. Post-halving your breakeven would jump to $18000 per BTC assuming difficultt remains the same. We are either going to see a huge difficulty drop or a yuuuuuge BTC rally towards $20k or maybe something in between
£65k shares brought and £46k shares sold and down 5%..
If the price stays the same as now, some miners will switch machines off and difficulty should then go down. Therefore we may mine more than the 50% due to halving, so could mine 180-200 coins after halving. If BTC price rockets then expect 150 coins after halving.
so if all stays the same btc stays around 10k no new machines arb will still make a profit of around 10 m in 2020 still sounds good to me.
Unless BTC price rockets of course; then all of what I just posted will be irrelevant....
I guess the issue here is that post halving our margin will drop from ~1.3 to 650k? So whilst Feb, March, April will be stonking profits the profit will effectively halve in May. Obviously difficulty etc will factor in but I guess that’s why people are not piling in?
Seems a reasonable assessment.
Only other question I have is . . .
Is 6.3p the new 7p?
:(
So difficulty dropped slightly today which shows miners are not putting more machines on yet and this is good. Based on my prediction tool i am expecting based on 300 BTC mined this month revs of £2.25m with a 58% margin. This is £7500 per BTC realised and a gross profit of £1.3m. If we mine more BTC then even better. Bought £5k more on the drop today.
Arse!
LOL, what do we know.
you spoke to soon
Block sells appear to be sparse too ( or have I spoken too soon)
I would be surprised if we see the SP go any lower even with a drop in Bitcoin price. We must now have around 50% of the Mcap as cash in the bank. And making £1.3m+ a month. Hoping to see a bit more PR from the company after a March update.
Thought we may have dropped a tad this morning with BTC hitting 9.5k. Bodes well that we have remained solid, a BTC surge past 10k and February figures released and we should be 10p plus.
As true as all that is. Gold is up 10% in six months whereas bitcoin has way outperformed
Bitcoin as a safe haven is only in its infancy. It’s still too volatile to be seen as the safe haven it will eventually become.
A safe haven by its very nature has to be safe from the fluctuations/drops in the equities. If that ‘safe haven’ also has its own fluctuations of multiple 10’s % in general variations, including large daily drops (in particular) then it won’t be seen as a safe haven by most but rather I risky punt.
Yes. Still time for bitcoin to get pumped too though
One thing that is confirmed is that during crisis like now on the markets the go to safe haven is gold and not Bitcoin. Good to see the SP holding up today amid the carnage