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Our profit levels havnt changed we are no selling our coins do your homework before telling lies the nonsense on here today is a joke
That’s all well and good except that April figure of 6.7 million is no longer relevant with the fall in coin price
Sorry I don’t mean to patronise but you are thinking I’m terms of us selling our coins when mined which we are not the only aspect of the monthly updates that has any relevance is coins mined not the price because we are not selling and so a lower coin price this year and next at least is always in our favour along with a lower hash rate
I’m not sure you understand we hold or hodl all our bitcoin over costs so a lower coin price and world hash rate is always in our advantage if the coin price were to go to £250k 8 times current price mining would become so profitable that every miner that could be used would be at any energy cost and many new miners manufactured thus increasing the hash rate to match so we would be able to mine 8 times fewer coins so when the time came to cash in our coins we would only get the same money of less if the price later fell we need a high price in years to come not now
Harchris im afraid your wrong as our profit is more dependant on hashrate than bitcoin prices as with increased prices come increased difficulty and as the price decreases so does difficulty and as our market leading levels of efficiency mean the lower levels do not effect us in the same way as Company’s using older less efficient machines in expensive energy areas the main factor for our margin is hash rate and energy cost
This is getting a bit like wack a mole though I like a more constructive detamper to be honest !
Losses are good just as good as winnings .
Investing is a discipline and the best lessons on perfecting the art are the ones hardest learned it all fits with understanding it all we are all investing against each other anyway we are the winners and losers if you continue to be at a loss either learn fast or try another discipline!
Your just talking nonsense now why would it have been a good idea to have sold at 6-7p when the price is now 120p ??? Is that why your investments havnt been working out for you ?? :(
What game we not playing tiddlywinks ! You have no idea what my game is or my average hell I doubt you even know your own game you certainly won’t tell us what your game is I’ve asked you myself
Dr Long John silver must not like my last post as he hasn’t replied :/ ... Anyway what i would like to see is Bitcoin price drop to 30k and the less profitable miners turn some machines off which will happen thus dropping the hashrate to 100EH
This means we retain our margin but mine double the coins so double our hoddle of bitcoin you see we are a mining company not bitcoin investors I don’t think these deramping idiots get that premise
DR LONG HAVE A LOOK AT THIS YOUR POST ON THE GDR BOARD
Jayhayes12 May 2021 20:19
I dont come on here often now cause it bores the life out of me(not just gdr board but others also).
But jayhayes you sound like a little damsel in distress!!
You do realise every post you put down about gdr, makes no difference to sp!
You do realise the only posts you have made is in gdr,yet you dont hold gdr!!
You do realise the only opinions you may change on here are people new to the game,maybe youngsters.
My personal opinion is your lonley!
Oh the Irony !!!
Comparing ARGO to Woolworths is like comparing Elon Musk to Fred Flintstone and what’s all this nonsense about a breach ?? Im laughing so much I might have a breach myself lol
Dr long can I ask what your agenda or argument is with Argo not bitcoin because this is the Argo bb not the bitcoin bb or is it just that you have no one else to talk to ? And you thought it looked like fun on here ?
We can’t lose it’s an automatic hedge against bitcoin I’d prefer the price to stay around 45k but it matters not this is the best investment for both profits and growth projected currently on the LSE. I’ve said it before and I will again ... wait until Texas with unlimited space and electricity because that’s the only thing holding us back at the moment there is no one doing this better than us currently
Ive been doing some crude calculations and have concluded that with the world mining hashrate dropping from 200 to 140 EH in the last 12 days along with the drop off in bitcoin price our mining capacity or efficency has improved by around 30% with our mining speed of 1070ph if we can get back to 43000 bitcoin price would mean we have lost no mining revenue in this price drop and if infact any more new machines have come online or are due before the planned july delivery it would mean we are even further ahead so for the bitcoin hoddling agenda the ARB has with a view to an ever increasing value the price drop along with Haas rate drop is the best thing that could happen infact if the price and hashrate had stayed at 30000 since January our hoddle would have been 25% more at least for that period I’m not sure many people realise this and this is why I’m invested and would always invest in miners rather than bitcoin itself
Hi all I’m not worried nor do I need or take advise from any on the boards although I do read and pass thought on all comments .. I just find it amusing how the trumpet blowers a great many there are only blow for victory except Webb’s on here who only blows raspberries lol . I have great faith omi will come good and when the new tax year arrives I’ll be adding every penny it drops is another reason to invest more in my opinion good luck to all invested and especially the patient LTH BIGNIBBLER
This is getting ridiculous now my 15k top up at 38p has disappeared into nothing where is merc man he claimed to be buying 100k plus now gone very quiet !!
Excellent post lolades for an excellent stock on an excellent board . I’m not a ramper or a deramper in fact I’m more of a see all hear all and say nowt type or character but I have to say I honestly think this will be the best performing lse company of 2021 and if the bitcoin price stays in the 50 to 70 thousand range all year it will no doubt surpass all my expectations of growth profit and sheer hungry ambition real success is rare in business but if you recognise that success and keep running ahead of it as Argo are doing then it’s hard to see how high we will rise ignore the noise and see the future I’m sure we will all have a great year here ! ATB BIG NIBBLER
Another block buster RNS Trading update from the fastest growing company I
on the LSE ... While most company’s are hobling on week to week in these challenging times we are hodling for digital gold to fill out suitcases with retirement tickets well done to everyone who sees this company for what it is ARGO to the moon :-)
I see all the clueless Sunday doom mongers are out looking for a cheap entry tomorrow am ! Laughable really how they spend there time spreading outdated info if your that far behind how can you even think about spotting a bullet train like Argo never mind climb aboard I’ll wave from first class bbyyyee