Member Info for hahahehehoho

it's all good just UK Crypto in general is stagnant not just ARB. If anyone doesn't like it just sell out and buy on Huobi or buy a second-hand mining rig.

Looking good....for a TOPUP!!!! into BLUE again

The low valuation on ebang is part of the uncertainty with china i guess. the same feeling was happening with NIO when it was $1 and skint before the government stepped in ... Still prepared for that risk in ebang as mcap is too low.

Forget DGMI, Hold Argo and buy EBANG. They will be designing, building, and rigging their own equipment for self mining and getting cheap electricity in China.

Eva, nothing wrong with dilution if you understand how difficult mining is and will be in a global context. BTC mining is a global competition you see and China is thumping everyone. It's clear PW didn't want to touch the BTC reserve and probably made the right decision. Will there be placings before the next halving? OF course, but this ain't a bad thing as long as ARGO stay competitive in this lucrative industry,

Not just GST, any company can be the next ARB providing they buy Antminers and get cheap electricity and have 2-3 full-time staff cleaning and securing the area. Cheap electric ain't a problem but the problem is ASIC mining rigs have a long waiting list and have ballooned in price, ARB got 'em cheap and were ahead of the game :-) . These machines don't last a long time tbh, so hopefully ARB has a good relationship with these manufacturers which I am sure they do.
Aside from holding ARB. Instead would probably buy EBANG. They design and manufacture their own ASIC chips and now moving into mining in China and have the same market cap as ARGO now.

Nothing wrong with placing or in the future because with BTC above $50,000 , BTC mining is very easy to set up and make profit and now everyone wants to do it esp in China and Russia. So it becomes more and more competitive, needs more and more hardware with greater better hash rates and even cheaper electricity just to remain competitive in the mining pool. Placing was a good idea for 2021 outlook tbh for ARB's 2021. As to your other query ,they will almost certainly need to place or raise again for the next halving when I think it is only 3 BTC per block but have several years til then.

cancel the placing then this will go up to 360p.

:-)

On Nasdaq, EBANG most undervalued out of the lot. CAN too.

BOL seems like the type marshak would go for. Not like all that ZOE or CBX rubbish.

RDGC now 15 m market cap. laughable CEO and BOD. speechless

FPP will no doubt have its time...just need to wait for churn to complete....one more 0.25 p drop on this will make it my 4th buy in and more than happy to wait looking at RDGC valuation.

No foreign company can compete with Bitmain and Co because it is all made in China. I was thinking of getting several second hand s19 miners, but then I saw the inflated prices on ebay .lol

So check it out: CAN (nasdaq)

"SOS = - 60%
Bitfarms = -43%
RIOT= -38%
HUT8= -35%
MARA= -27%
HIVE= -27%"

ASIC miners are all made by the three of the big boys : Bitmain, Innosilicon and Canaan, all of which are Chinese. There is beginning now to be a shift from manufacturing to mining for themselves and Canaan is the only one listed on Nasdaq. I can't imagine hash rates and the margins they will eventually produce - since they manufacture all the equipment themselves.

I can also defo see China owning 95% of the global mining pool in the near future . Insane.

A real BTC mining would not be publically listed like the ones in China/Inner Mongolia. They reinvest ALL the profits in machinery and just keep going and going hence why 80% of the global mining pools are in China. There are no shareholders/ fat bonuses/ marketig person or all that BS.
The problem with BTC mining and hash is that the rich get rich and the poor stay small. China is currently winning by a mile.

"There’s 10,000 one man bands in China. " China is the mecca for bitcoin /ether mining, either they will look very stupid or insanely clever in 10 years time when they buy up all of the UK with bitcoin cash.

And I'm not even joking.

7 ? You only need 3 : Abdulrahman Hamdy to open the ASIC cardboardboxes , Perry Hothi to replace knackered parts, and Peter Wall to feel like God!

"RIOT is essentially a garage band miner, 6 employees"

You don't need a lot of staff to be bitcoin mining company. In fact, it is easier than you think, nor do you need any programmers , a 13-year-old could literally do it. I think i read somewhere 3 peopleon rotation looking after a mining operation 10 times the size of RIOT somewhere in Inner Mongolia. The hardest thing a mining emloyee can do is probably opening the ASIC cardboard boxes tbh.

It's annoying because this share price should be at ATH near 350p. Horrendous timing