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Presto give it a rest will you,your pathetic attempts to ramp some crypto rubbish on here is boring me now.
OK I agree if Argo have bought the new Bitmain S17 pro (now sold out and I guess CLP what will do with the obsolete DC just bought) this is a more efficient hardware than Bitfury (Hut8).
My only doubt, knowing that this is not an easy job plug and play, is the Argo staff capacity for making operative while Hut8 is running from years.
‘Chose a ‘ !
Maybe try posting on the relevant BBs.
CLP doesn’t currently mine crypto , although we do have a second hand unit for sale . But you’re right....if you want to invest in this sector chiseca company actually properly engaged in the business . I’ve always been a little sceptical why CLP got involved in crypto .
If you read my previous posts you will see my comments on Hut8 results this week as well as efficiency vs Argo etc
If you read all Argo RNS ... you will see they consistently get delivery earlier than expected and install rapidly. One of the reasons I like them is the under promise and over delivery. Major new order due in Nov will be installed by then I believe so we get full month mining in Dec.
New kit has been paying for itself in under 5 months! With increasing difficulty rates that will increase unless BTC price increases too
Argo Mining is waiting for the Bitmain new miners but knowing his delivery time and the following time necesary for the setup (it is not a easy job) so the income is EXPECTED you can have a look, for example, at Hut 8 Mining Corp that from 2017 has already mined more than 10,000 BTC!!!!
I saw the RNS and wanted to take a look in case it looks interesting as I like the crypto mining sector. But strikes me it's a basket case unless anyone can tell me why not?
I have a significant stake in Argo Mining.. so far can't find anything better!
LSE Main Market
Only £30m mkt cap
Most efficient miner 80% profit margin - elec cost around $2k per coin mined
Massive number new machines coming on stream
Income expected around £4m per MONTH by year end