Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Funny to have a lower average than many of the mara rampers on here who have been ramping mara for 18 months LOL"
I shouldn't think anyone that held mara 18 months ago would be as daft as you have been here, to just aimlessly hold a miner from its highs through a crypto winter.
If you did some research instead of believing Peter walls lie (wasn't like he had nt been lying to you for the previous year ) you would of seen very quickly their was no evidence of a ppa in place!
Everyone I challenged to prove the 2 cents nonsense when they repeated it , shouted fud . Or even. ...email the company and get them to show you the electric bill , Dearly me.
Stnz
RE: ChaebolSat 22:45
" Research is what investors do, unlike pooinvestor, slamming his 70k whale bags into marathon without knowing even the basics, like electricity costs or whether they have a PPA. "
A little bit rich , considering you put your investment here a year ago without knowing the basics, like electricity costs or whether argo had a PPA!!
Hi chaebol
I'm not sure pw will dare be as reckless to spend any of what little funds they have left , even in a joint venture. Who knows how long the crypto will last.
6000 rigs would be about correct though for Canada. I'm not sure but wondering, is this 150PH ish of knackered rigs they keep sneaky including in the EH mining ( capacity) each month... the old zcash miners ?
I wouldn't of thought anyone would want any rigs hosted at the moment with the price of power.
PI, 2 years since pw gave epic £ 5 million, while argo has been paying to borrow money all that time! ... Think of all the money that would of returns if they invested it in rigs in the bull run
Who has any idea where its headed pi.
What I do know is pw never has anything up his sleeve , good anyway. Keep on trading any pumps is the only way to play it in my book. As you never know whats coming here next.
Pw talk on concentrating on canada looks like just more talk, as they have no money to invest.
Would be very surprised if intel happens
Morning PI
Haha yes, its amazing how many times theyve changed the way they report hodle from one month to the next.... at least they won't need too anymore.... We now hold no btc and we're not telling you what we mine or sell going forward ;)
Very true HH
Also this rns is lumping the btc hodle and argo lab investment together( not like previous monthly numbers & hodle )to make it appear like they not sold all the btc they have mined in January and held in December
Was hoping in pw video he was actually telling the truth that argo would now concentrate on canada . So bough a few hoping on some news of a plan forward, to trade but sold out early instead on the first sp pump here rather than waiting and hoping. Probably stay out now in case a fund raise in just around the corner.
Morning pi
Good mate thank you ,hope all is good with you too.
Yes got to try to play these different miners at different times.
Hopefully everyone has had their eyes opened that miners are not 5 year holds lol, and can make money trading the pumps along the way with other strategies.
Pw building helios and losing it with in 8 months of opening, unbelievable.
Obviously next to no hodl left to have the option to loan against it
When do you think there will be any news on any funding? It cant just keep ticking along the way things are with no news without it affecting the sp
Very hard to judge sp from these higher levels until some plan for growth & funding is announced
Great that argos hodl value has gone up in value 135k the last month with the btc rise.
But compared to hut8 at over £40 million this month in hodl gains..
The rise in sp in a decent bull run will surely be massively weighted to bigger miners
The only equivalents argo mine are zcash , but those mining rigs will be as knackered as the old 17s btc miner . They last longer than btc miners but are much older now.
The updates tell you what they hold inequivalents inargolabs ..zcash used to be converted to btc ( next to none now )
Right thanks hexam
They certainly didn't put a large amount
of btc into argo labs to sell ... they were putting in to exchange for crypto, the whole reason for setting it up. Which obviously lost a load of equivalent btc in the crypto winter .
I think there was something like 124 btc equivalent value down in mid summer before any big sell off
Makes no sense that arb would mine btc to swap to crypto, creating taxable event , to then sell it, create another . Surely they would of sold btc directly when mined.
Argo labs was losing money from January if you look back at the monthly updates , and don't forget they were adding 10 % of btc mined every month too.
Argo wasn't selling btc back then
Argo labs value is reported every month.
Unfortunately has lost argo a lot of btc so far
Will there even be any intel rigs.
Pw said their concentrating on canada in his video.
Would of thought he would of been shouting it from the rooftops if their was more ph coming from intel
Morning pi
Even if its as low as 1,5 million at what point will they risk trying expanding again.
Was hoping for some new details with the monthly numbers.
Thanks hexam
Good to see meaningful helpful info rather than daily mined numbers over and over
"Under these current conditions i dont think 12 months is realistic either"
With $20 million in cash, going to be interesting to see where is the growth going to come from ?
Can see rigs at helios being swapped out or sold in batches to galaxy over time to fund purchase of some rigs for Canada.
But would be good to see a plan for actual PH growth going forward with time plan and where funding will come from
Pw playing the big i am, using share holders money to buy himself on the board at pluto... same thing with wonderfi... never any mention of that investment either in nearly 2 years
I’m glad I didn’t buy on your recommendation a year ago FP, I’d be what.. 80% down? Thanks all the same though."
As your fully aware any recommendation i make on any miner for at least the last 17 months is to trade it .. you missed 2 massive spikes in clsk...
Maybe if you hadn't, you wouldn't have to be a one ramping machine for clsk here on the argo bb every day.
Just post a up link for clsk daily mined numbers for those interested. Surely your badly timed investment there donesnt need others to support it