Argo All in costs for btc $33,904.0019 May 2022 05:35
Just in case you missed this most excellent post yesterday from 'Hexam' This post should be at the top of our forum, ill try and keep it there x
Argobull if you have any questions on the calcs id just like to remind you they come from 'Hexam' so it probably advisable to ask Hexam, its nice to see discord and the rampers talk about real costs yday, actually talking about depreciation and costs of machines, find it incredible that miners keep this number so secretive, well its a secret because its so high.
Also BTC in its 7th week of declines first time in history its done this, so id say 69k to 28k is showing us winter times a hard bear market is coming, people like argobull will tell you we are on the cusp of a blow off top! lol be warned these people will tell you the sp is going to 3 quid 8 quid and the possibly 12 pound. 12 pound is about 6 billion quid last quarter argo made net income of 1.6 mill q2 will be worse. if noobs wanna buy this wait until September it will work well x
Occe again thanks 'Hexam"
Direct Costs $4,596k
Depreciation of mining equipment $6,961k (actually described elsewhere by ARB as also being a 'Direct Cost')
Consulting Fees $208k
Professional Fees $1,262k
General and administrative $2,908k
Total Costs excluding share based payments (as lumpy) and before interest = $15,935k
Coins mined = 470
Cost per BTC = 15,935k / 470 = $33,904