Gonewoththewind...20 Oct 2018 10:27
Most say mining cryptos is non-profitable at these prices, but this clearly isn’t the case as you can see... if we can turn a profit or breakeven at these low levels, then imagine what we can make when cryptos go on a bull run upwards... I like the idea of being involved with the mining as we are forming part of the whole infrastructure, remember we are mining to ensure transactions can be made in the Blockchain...
look at it from a different way, if you were to buy cryptos normally, you’d potentially have to send some GBP to Coinbase, get a rubbish rate on Ethereum for example, you would then have to transfer that to an exchange, paying a transaction fee, you would then trade your ethereum for Zcash... with Argo you pay your GBP and get crypto direct to your wallet, cutting out the middle man and therefore costs...
Many are discounting Argos model due to the poor crypto sentiment as well as people selling into the market and buyers not being able to absorb... but just think for one moment, if Argo get even say 30k in year 1 at say $50/month, this equates to 30000 x 50 x 12 = $18m revenue for the year, 90% margins were in the initial presentations, but even at 75%, we looking at $13.5m net profit... even at a low low low p/e of 8, that’s a implied market cap $108m or 28p per share...