Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
At the top of this bull market.... interesting:
https://youtu.be/WkuJFtnYiTo
Jam packed insights with on chain analysis.
This amount excludes price and block rewards.
Only time will tell how spot on this is.
GLA DYOR
Arkonite
Fantastic find!
Here’s the dedicated ARB video analysis. Great for new investors:
https://youtu.be/oihNhJDBy4g
Another nice commentary with Argo endorsement:
https://www.proactiveinvestors.co.uk/companies/amp/news/935102
Even if there is not much meat or substance to the article.
https://simplywall.st/stocks/gb/software/lse-arb/argo-blockchain-shares/news/argo-blockchain-plc-lonarb-when-will-it-breakeven
For all the PIs that do this - I salute your vigour and passion to the cause. Thank you for your donations to the sticky fingered Argonauts. I thank you for your falling knife freak outs and additions to my Bitcoin coffers. God bless you all.
Valuable exposure to ARB and the miner space...
https://www.coindesk.com/us-becoming-bitcoin-mining-power-again
Thanks for the warm welcome Duke and all.
Really see great prospects here with SatoshiPay + SDF link. Guild & dynasty esports + crypto as a payment.
Real growth to be made here and lots to sink my teeth into.
Esports are where I see the yutes of today making crypto the success it will be over the next monetary cycle.
Any other fundamental pointers welcome.
Look forward to engaging with the BB.
TheeDuke - I’ve finally jumped on board. The Stellar news was a clincher.
GLA DYOR.
Arkonite
No worries SB - always good to get back to the fundamentals of why we are all here so early.
I think we can all agree the MCAP is particularly undervalued here.
To clarify certain points:
- ARB has 0.6% of BTC and 5% of ZEC global hashrates
- AUM calculated in e-BTC comprise BTC, ZEC and DOT (that was purchased this year). This has been increasing month on month.
- Miners are owned, but buildings leased with power arrangements until 2023. Buildings are likely going to be acquired soon which could impact AUM.
- Mined coins vary each month, but this month will likely be possibly 30% higher for BTC as there was a big drop in Sichuan miners (up to 50% global hashpower) due to relocation
- ZEC has just undergone a halving, so it will be interesting to have an update on the ZEC strategy and market price
- Revenues vary due to price appreciation and exchange rates
- Your exact numbers are not far off, I would have to go back to some research to spew out the right data
- The HODL strategy is not clear, but I expect will gradually increase AUM, as we are now a pure profit making company printing a fixed supply asset. 2019 was tough, and SP has never truly reflected the real value here. We have put it down to a number of factors, which have been discussed previously, but I’m happy to share my thoughts. They differ somewhat amongst us. I see us broadly as what a junior gold miner wants to be, but can never achieve due to our differences in scarcity and the properties crypto hold that are so attractive.
I see us clearly many multiples from here.
GLADYOR.
Arkonite
Welcome aboard SprogBarnes, good to have you among us!
The mining model only really came into fruition in 2020. There has been a rapid increase in hash and equihash machine purchases this year and an overhang of costs from 2019 to cover.
The asset strategy is not something that is mere PIs have insight to, but as you eluded to likely is dependent on the multiple factors including margins, price and forward business strategy. The fact that this is the highest e-BTC AUM we have had this year is encouraging. A rapid price appreciation will likely force the hand of a HODL approach. There are still headwinds to the number increasing over the next few months substantially due to share buyback and mining facilities purchase outright.
I’m would be useful to feel others thoughts on this, as I feel an e-BTC HODL would be most useful to align us further with BTC price volatility, and get us working more as a proxy (and avoid barriers to new investor understanding of the technology).