Member Info for Herdie

Not sure hes stopping anytime soon he seems to be buying in 125million batches daily and with what was touted to be bought that would mean buying pressure till first week of April - At current rates hes buying 2.5 to 3k per day, Supply go down price go up ! If ES Bonds were also to hit anytime soon the buying pressure would be nuts.

Haha Jay wishes :-) Think theyve now added around 3 million on the way down ?

How comes thats bouncing thought Covid was yesterdays news - They bought something else to market ?, Eck up $50 in 3 weeks - t least yesterday offered some respite !

That btc short is starting to look mighty precarious , Woof Woof

https://assets.website-files.com/6192808c25837d3716982433/623b6732bc560d3c5c1f0896_Argo%20-%20Investor%20Presentation%20(Mar%202022).pdf

Haha, A few days/weeks in a positive fantasy world will kill the boredom pre Helios no doubt, Never know may head back to normality and find a fully funded Helios churning out 600 coins a month to boot - Looks like im already half way there ;-)

Ive just bought a ticket !

That would be nice, but for the time being id be more than happy with the first 200 up and running and a clear plan laid out for building out the following 600, Personally id like them to build out in stages (And they will probably have no choice) but to go that route due to funding, but if everyone knows the plan it eases the conjecture.

Maybe you should have a word with Fred and tell him to build some sheds for the excess machines he has sat around ;)

Sorry and as for Arb I’ve kinda given up on any big gains until Helios numbers start filtering through its where you called it 100% correctly it’s been stuck in Limbo and in hindsight on my part was always going to drift down.

You can have all the money in the world but if the costs outweigh the returns how long can it be sustained, Again I only ask as does it not sit strange they have all these machines sitting collecting dust rather than being plugged in, There must be a reason for that

They are the leader in the field and are established on the Nas so no doubt it does and will until such time others offer a better alternative

Volume is £&£t no arguments from me but hopefully that will come when Helios is operational, If I was in charge of big sums I’d want that up and running pre investment - Guess we will find out soon enough

https://twitter.com/marathondh/status/1501930121934082048?s=12

The link and reply’s

It’s actually worth reading the whole thread of responses to the tweet - All jokes aside why would you have so many machines not plugged in - Are they having issues with Energy costs from the Hosts or Infrastructure issues, I ask as if it’s either of those it’s a string in the bow of Those building out there own large facilities- Not just Argo but all those that have gone the sole master of his destiny route ?

Maybe, Maybe not, Looking at the comments on Maras recent Twitter releases it seems they have plenty of machines but nowhere to put them - Could that be the energy rates the 3rd parties are maybe now charging makes you wonder. Also seem to have revised there hash predictions and timings - The natives don’t seem happy,.

So far behind on installations. Chartered private flights for miners now collecting dust. Needed to be plugged in months ago to take advantage of the lower global hashrate when you had the chance. Everyday 70,000 miners sitting on the sidelines is costing shareholders money!

Look at this bull****. They have now deleted the 13.3EH by "Mid 22" entry. It's just 23.3EH by "Early 23" now. Is there any chance of getting honest porjections? @fgthiel @charlieschu This comes across as very underhand.

@fgthiel has said in interviews that we should see a nice jump by end of Q1. You guys are cutting it pretty close here, so I’m starting to think Fred was wrong. Can we have an update why he was wrong if it doesn’t happen? I might be moving to another miner if I don’t get clarity.

Maybe they will cut Argo a deal and sell them some cheap ;)

Was my thinking if we failed to break 43k, But if i sold some coin no doubt this time it would break the trend and go up to 44.4 rather than back to 38 area like previous ;-) Also the Do Kwon buying pressure may help keep it at these levels but who knows,

That old chestnut, ;-) !
You may need it to to help pay some of them losses on the Btc short if it carries on like this till the months end, That said it seems it cant get over 43k so maybe another drop before a rip - Not sure you will see your low 30s though now.

Only $7 dollars to go then you are back in at your buy in ;-)
Ps must be getting a bit jittery on those Btc shorts !

The End Thankfully ;-)

The broader cryptocurrency community is divided over whether cleaning up the mining sector is the best path to environmental sustainability. The energy-intensive authentication system that underlies Bitcoin is known as “proof of work”; some in the industry are pushing to build new cryptocurrencies on a different system called “proof of stake,” which uses as little as 0.01 percent of the energy consumed in the mining process.

Mr. Wall said he had no objections to experimentation with an alternative system. Still, he said, he believes in the long-term potential of Bitcoin to transform finance, though he wishes that miners were called something that sounded less extractive, like “validators.”

That’s a battle he’s unlikely to win. But even in the face of backlash, he said, companies will keep mining Bitcoin.

“It’s just going to happen. It’s a reality,” he said. “We need to do it in an environmentally friendly way.”