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Looks like ARB has got to the rocket before Elon
The question goes back to do you believe in bitcoin being a dominant force. Really is that simple.
Lincolnite. Everyone has an opinion as yours does not reflect the majority of investors it matters not unless you can provide data it becomes just noise. If I said when I invested 6 months ago in Argo I have shown the greatest return of any stock in the last 12 months it becomes a moment in time so suggest look ahead provide data on your commentary or it will just be well pointless
Thanks for all your replies, comments and views on my original post. Maybe I'm right, maybe I'm wrong. Despite the allegation, I'm not a deramper, I'm a genuine investor through and through. Feel free to have a look through my posting history, you'll soon see. We've witnessed a steady and continual slide in the share price since the high in the middle of February. The share price currently sits at less than half the high. And that was before Elon Musk pulled his latest stunt! Where's the share price going to be in another 3 months? If the same rate of decline persists, 60 pence perhaps? I'll review again in another 3 months and if I'm wrong, I'll gladly hold my hands up and admit it, whilst chomping on a big slice of humble pie.
BreaconCarreg
good article, it is this kind of information that tends to get brushed under the carpet in main stream media when the ultimate agenda is just to bash bitcoin by the legions that just don't understand it.
thanks
Made a thread about this
pomp.substack.com/p/bitcoin-mining-and-elon-musk - this short read highlights enerfy issues and how much of it is "anti-bitcoin" writing
the environmental impact and energy usage debate of bitcoin mining is a fair point, but it is unfair to just debate it in isolation to all other main stream applications of comparable infra-structure. Bitcoin is constantly in the headlines for its so called environmental impact but its about 1/3 of the total power consumption of mining gold yet there are no headlines about that.
everyone jumps on the green wagon for Tesla / battery vehicles but again, the energy usage in mining and producing Lithium ion are also staggering.
add to all that the global data centre usage for main applications, facebook, google etc, all of them consuming huge amounts of energy!!
Bitcoin and crypto is becoming mainstream and essential as a global financial infra-structure and needs to be compared with unbiased judgement when it comes to its environmental impact.
as far as i am concerned ARB is at the forefront of that debate and is answering the questions that are being asked!!!
Is the suggestion with the original post here that cryptocurrency is dead in the water now all because Elon and the great unwashed have said it is not compatible with the green agenda? When governments roll out fiat currency and sanction the wholesale banking/financial establishment I suppose that is all powered by superdooper green energy? I suppose every aspect of Elons wonderful products are all manufactured using green energy? No, the original supposition that crypto... bitcoin et al and by default Argo Blockchain are 'bad' and will go up the Swanee. This is a complete and utter load of old pony and people need to get a grip of themselves.
I'm going to leave it here whilst I'm still relatively civil...and sober.
Good Night
*buy
Well said.
Well sell up if you’re invested and go and by some ISHARES II PLC GLOBAL CLEAN ENERGY UCITS ETF!
Argo will start mining etherium in Q4 and use full 100% renewable energy in january 2022. I hope that will be enough to stand out from other crypto stocks
Thanks for your 1 post on ARB..shame all the funds buying in don’t feel the same way..
Don’t listen to the FUD!
https://markets.businessinsider.com/currencies/news/bitcoin-mining-jack-dorsey-cathie-wood-square-ark-invest-research-2021-4-1030332261
I didn't say that Argo weren't 'green' miners by comparison to others. I just feel the whole concept has been tarnished.
If anything, it should give a push to invest in 'green' miners just like Argo. I believe it's hard at the moment, but long term we have great foundations to push forward with the green mining (not like some of our competitors).
No don’t agree.
Argo are weeks away from launching the first ever green mining terra pool. This is transformative in this space and perfectly answers Musks concerns.
If PW can get us some good PR both here but more importantly in the US to coincide with the launch then we will absolutely fly. Musk has actually just made our green mining initiative 10 times more attractive to investors looking to get into the stock crypto space.
I can’t f***ing wait!
You will be proved completely wrong, your loss!
"The energy intense nature of mining has been highlighted" it's all FUD as explained here https://www.youtube.com/watch?v=DidAwxWaDKI&ab_channel=CoinBureau. Meanwhile ARGO are the Green miners, you just need to do some research.
Wow you do realise that Argo are going to be 100% using renewables don't you . Worst attempt today pal and there has been some terrible attempts at deramping
this is a busted flush now and will just continue on a downward trajectory until it crashes and burns. Partly thanks to Mr Musk, the world is likely to shun Bitcoin from now on. The energy intense nature of mining has been highlighted, so it's just not going to be fashionable to be associated with mining, using, owning or talking about it. It's tarnished, as it just doesn't fit with the 'green recovery' agenda, which is truly gathering momentum globally now. Wish I could be more positive, but I just can't see a positive future for cryptocurrency now. Blockchain technology for other purposes yes, but for crypto, no.