Using the Bitcoin mining calculator throws up some interesting numbers ! The new mining hardware is expected to be fully operational by February 2021 and will add approximately 430 petahash to the Company's installed computing power as well as consuming approximately 15 megawatts ("MW") of electricity. So ARB currently have circa 680 petahash but by March ARB should have 1120 petahash. Allowing for downtime of circa 10% (Seems prudent to allow for some machine downtime) would give ARB circa 1000 petahash. Monthly costs rise to cover new equipment and power costs (my guess would be to $1.5M per month all in but its just my guess) BTC at $20k looks very good BTC at $40k and ARB are looking at $7M profit per month BTC at $100k (as many predict could happen) and ARB are looking at $20M profit per month Interesting to punch in some numbers and see what ARB could be raking in early next year ! https://www.mycryptobuddy.com/BitcoinMiningCalculator
Zcash 'could' be the surprise big earner for ARB with circa 5% of Zcash mining... I have a strong feeling PW is going to smash this share out of the park with Bitcoin, Zcash or whatever crypto he decides is the way for ARB to become massive. If you haven't looked into Zcash yet the video's on Zcash page are really informative; https://www.zcashcommunity.com/
Watching Bloomberg all day and the markets are jittery to say the least with what's going on in the US.. Gold just jumped and BTC has been gathering all day..Feels like it's going to shoot up soon imo etc
Michael says about gold 'It's a pretty, shiny, dumb rock' We could be watching the financial store of value change before our eyes...Time will tell but you could begin to make that case looking at the charts
Bitcoin to $1 Million in Five Years, Enormous Wall of Money is Coming says Raoul Pal18 Nov 2020 09:53
There are going to be lots of new to this share and space people looking in and this interview with Raoul Pal is a must watch: https://youtu.be/qwHI6OC3rc8
Bloomberg Global Financial News is now talking about Bitcoin and most of their 'presenters' can barely bring themselves to say it lol I'm looking forward to the MSM headline 'Bitcoin Buried BOE's Andrew Bailey' :)