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That's true but whether or not it's 45%, 40% or 35% revenues are going to fall and Argo are not in a position to manage that what with having sub £10m cash/cash equ. and £45m debt, no remaining saleable assets and a fleet of machines that will start to flag.
Argo can only be sustained if BTC obliterates that reward/difficulty relationship so much so that they are able to generate cash rather than burn it - possible but unlikely and it would only be short-lived as difficulty would then start rising again and Argo can't grow themselves.
I think bitcoin difficulty could reduce with the halving so even though the reward halfs, could leave an opportunity for ARGO to mine more blocks so I wouldn't say it'll completely half the revenue of Argo
Argo's huge 26 bitcoin holding is going to more than make up for a halving in revenue, sure!
Https://www.dlnews.com/articles/markets/how-miners-think-the-bitcoin-halving-will-play-out/
You win the internet
Poobably has something to do with Bitmain and its March update. Mara cannot run its firmware on Bitmain machines, further news to come.....
https://twitter.com/MarathonDH/status/1779968182482284937
Looks like it
It looks like summer 2023 all over again. the lads on here that went through that, stuck to there guns ended up getting the t- shirt and came out the other end smelling of roses. so i will take a stab to try to stop the worry. so between 50 percent to 70 percent down from previous high and more likely the latter. that leaves a 14 dollars/ 15 dollars botton for mara. then a gradual move up only spotted by intraday movements at first. in a few months or less a new high reached of around 48 dollars depending on move of bitcoin etc. then rise and repeat until all time high but all depends on how fast bitcoin rises[ parabolic rise]. so wait for it. this market will not work to your timescale. but it does not matter as long as you do not sell at the wrong time. just my opinion but hope it helps with the worry.
Any input on mara and the daily drops...is there a bottom?
I know folks and this will be my last post on the subject. but i do like a bit fun with the poorinvester dude. his stalking of me, his lies and fibs, his gambling rather than investing, his bearing grudges and his big losses chasing a dream. but he does like to be on the titanic alot.
That share will be going under and taking all the poorinvesters with it. you are a dipstick. you should change your name to poorgambler. because you are a gambler who will come a cropper on a regular basis. and that has already happened to you over the past year.
Seems that you told me and everyone else on here you bought it does seem strange that you have not made a post on selling even on the hzm board . i mean you could just say anything after the big drop today. if you are married for mrs poorinvester it must be painful for her both ways. being still married to you and being a very poorinvester. give my regards to her for all the suffering she must be going through.
Dagenham, thank you for your concern. I sold a few days after buying with around 50 percent profits. I only could buy 3 grands worth as all my money is stuck in miners.
I will be buying back in, once I get a chance for another punt. I love a good punt. That share will eventually go under most likely but I’ll try riding the waves whilst I can.
How is unemployment benefits these days? Did you get divorced for losing your job or was it for being a bell?
I suspect it was for being bell! :-)
And poorinvester did tell me that he bought in hzm. that is before anyone says i am not nice to him. however seems that i am a nice guy i will give some leeway. when he bought it did move up a bit. so if he sold he would of made a bit. but looks as if he did not sell. but that is what happens when you hang to bankrupt stocks. i hope he sold. no one likes to see 78 percent down days but if you never learn that is the outcome.
Poorinvester. hzm. down 78 percent today. another great tip you made. lol. i take it your still in as you have not said you sold. another certificate to pin up on your wall. the wall must have cine, iog, hzm and a certificate for the numpty who said clean spark was a terrible idea to buy at 2 dollars. and whatever else.
HK ETF approved - new source of demand could be with us as soon as a couple of weeks from now. Let's hope the Middle East settles down a bit.
Only another 116 years of BTC mining to go. This 10% remaining to be mined will more than likely be minted at far more value than the original 90% currently.
Were we all too early x;)
GLA could be a proper FUD week. Zoom out, enjoy life and win x
You’re forgetting that over 90% has already been mined.
Simples
Spitfire - I was just trying to find a kinder way of saying 'just because you are stupid doesn't mean that everybody is'. Guess I wasted my time.
I'm just tired of the many like you on these boards who have nothing to add to the debate but instead just use it as a place simply to vent their own anger and frustration on to other people. I suppose the simple answer is to use the filter button so that's exactly what I'll do in your case whilst you continue to howl at the moon. Cheerio.
Spitfire the issue is that BTC could go on a bull run but Argo could still go bankrupt, being on BTC itself is safer and more likely to give you a return. Argo overvalued at this point if you compare to similar peers.
When BTC hit its all time high of $69k in November 2021 Argo was producing 180 coins a month and had cash/cash equivalents of £93m and debt ~£30m.
In the 30 months since all saleable assets have gone, including the flagship Helios facility and from May onwards (inc fees equ.) Argo will likely be producing around 60 coins a month at, as of now, a lower BTC price than the comparator Nov '21. The cash position will be sub £10m and debt £45m.
These are facts, not guesswork.
Hexam..............load of b*****ks !!!!!...................
I post for that reason Hexam but also just through boredom. I have some spare time, I'm looking over stuff and then pop on and write a few paragraphs. It's not obsession or anything like that, it's just a few thoughts.
There is never any counter to posts like mine though besides being called a know it all or saying 'nobody actually knows!' which is quite telling and highlights that nobody can make the investment case.
Part of the problem here is the continually excessive valuation. I don't think Argo will exist this time next year unless we're talking 2B shares in issue and hence no realistic route to shareholder returns but if the mcap was around £20m then there might be a punt to be had (gamble on BTC going ballistic) but at £70m it's hard to see any scenario where Argo brings greater returns than BTC itself, so you're fully exposed to the downside without any upside reward.
Spitfire - You really can't comprehend, much less accept, that some people might actually know a bit more than you which given how your contribution to this board seems to consist solely of slating other posters rather than trying to say anything remotely intelligent yourself is hardly surprising I suppose.
As others have stated, nobody really knows what's going to happen to BTC and they would be idiots if they thought they did (though some guesses may be more educated than others). For ARB though you have to be pretty clueless not to see that, almost certainly, the writing is on the wall for them. All it takes is a basic understanding of their situation, especially their financials, lack of scope for growth and the factors that affect them. It's not rocket science or even much by way of guesswork, just projecting their position forward under most plausible scenarios.
So if the doom and gloom merchants on ARB come across as self-important know-it-alls to you then so be it but just maybe they are only reasonable people who just happen to understand more about what's going on and are happy to share that - not because they are really nice, altruistic people (or trolls) but simply because if anybody saw somebody else walking towards a cliff out or about to run out into a busy road then hopefully they would at least be decent enough to warn them of what's very likely about to happen. And in response to talkinboutWillis I do think that's 'worthwhile' and worth repeating but agree that everybody is entitled to make their own mind up however well-intentioned and appropriate the warnings may be.