Member Info for Hexam

"Hexam, can you explain why you are negative on QBT being you are invested?

I've answered this question from you many times. Can't see any point doing so again as it's clearly not registering.

The one who just posted about multi-troll logging in and boiler room attacks (yet again). Would have thought that was quite obvious? See thread title also and who started the thread. You might know them???

Ah...we're back to the idiotic, multi-ID troll, boiler room conspiracy theories. Never mind debate and exchange of information. This is the level the board quickly sinks to when other arguments run dry. Some things never change :-(

"But the halving is only a few months away AHS, surely you do realise it’s the same work to only get half the rewards"

But Suthy has been consistently pumping that BTC is going to the moon on halving which will mean the same work for more reward? I don't necessarily think Suthy is right but can't have it both ways.

Must admit I don't get how this would work with pools as surely all the miners in a pool would need to sign up and have the software working on their machines or, more likely I think, those that sign up would leave existing pools and set up in a new/different pool only with others that have also embraced the tech. Otherwise those in the pool that haven't signed up would benefit just as much as those that had.

I agree, it doesn't nullify QBT's position. I was just pointing out that the statement that nobody else is doing it is an assumption not a fact.

"Miners don't, by default hold PhD s in computing."

They could higher someone who has. One of the key success factors for miners is how much they get out of their machines, whether that's overclocking, immersion or funky new software. BITF and CLSK have typically been top performers in this respect whilst ARB have generally been bottom of the pile. Given how expensive new machines are it makes sense for them to try every which way to improve performance.

I'm not saying they have tried to develop something similar to what QBT say they have, I'm saying I don't know and nor can any other poster. The only assumption I'm making is that none of us have insider knowledge.

"But that’s not true is it, the way haven’t been able to but QBT have, there is nobody else doing what QBt are doing."

How do you know nobody else isn't doing it? Miners may be working on as we speak. They wouldn't need to make it public until they had actually used it on their machines and made it work - and they probably wouldn't want to make it known until they had. They may have tried, succeeded like QBT say they have and then failed to see it deliver in real life (the same fate that may still befall QBT). We just don't know and until somebody actually mines significantly more BTC without simply increasing EH then we won't - whether that's through QBT's product or somebody else's.

Only if they were living under a rock. Another ‘fact’ that isn’t one at all. Popular on this board.

Anyway, hopefully an update will be posted this week which will have some actual facts in it worth discussing.

…and yes I know it’s Royal Mail that actually deliver the letters before that becomes the debate…

To say the ITV drama didn’t have big impact is ridiculous. To say you’d be lucky to find one person in a hundred that was aware of the scandal six weeks ago is equally ridiculous.

But that’s what this board is. Ridiculous. All about petty, polarised squabbles. And the post office it seems. Are Boo about to diversify into delivering letters? Maybe that’s what the US distribution centre is really for?

Sorry Zesty I didn’t realise only happy clappy posts were allowed or expected. Not salty or concerned - just bored with the endless, mindless ramping trying to dress everything up as far more than it is.

I’ll leave you to it and wait for actual news.

Probably not as I don't think the possibility that they may be mining is momentous, like others seem to think. I know evidence is a dirty word on this board but let's see if anything comes of this in the next month or so that really shakes the sp. I think not but very happy to be proved wrong by something actually happening - rather than 2 + 2 = 67.

So in future we can look forward to all momentous news being buried in a filing at Companies House rather than in an RNS. OK, got it.

Now 19 upticks so far. Says it all really - and not in a good way.

And yet no explanation. Just the vacuous cheerleading ramping. Maybe explain how in 6 months time ARB can make a profit? Or 12 months? Or 24 months? Or ever?

"To say we have no product is desperate."

I'm not saying there is no product, I'm saying I don't know. If I did then I'd be putting everything I'd got into this and already counting the money given that anything close to 2.6x will sent the sp into orbit. Forget 5p or 10p, think more 50p, £1, £2 who knows?

Do you honestly believe it's that certain? If it is then it is the bargain of the century and you can look forward to buying your own tropical island with the amount of money I suspect you've put into this. Enjoy!

“Why are some still debating we don't have a product”

Because it is THE question which will make or break the sp. (That and how good that product is of course).

It’s pretty much a binary gamble that hangs on the answer to that question.

Don't insult 12 year-olds.

"3) back in 21 in and around these BTC price, Arb was circa 300p, why isnt the same effect happening now in this current BTC bull run?"

The company is in a totally different position now than it was then. In 2021 it had a strong balance sheet, good HODL, was expanding and was one of the leading miners in the industry, arguably a pioneer.

After a series of missteps it is now debt-ridden, with no HODL (well, 9 BTC), no funds to grow (the real issue) and as a consequence has fallen way behind other miners who now dwarf it. The sp can do well for a short-time depending on what BTC does so there are certainly trading opportunities and 50p is a possibility and even £1 may not be completely out of reach (though would be extraordinary). As a long-term prospect though there is nothing to be enthusiastic about as it just doesn't have the financial strength to thrive post halving as other, stronger miners will simply move further ahead whatever BTC goes to. And if BTC doesn't reach $100k then it will do well just to survive at all.