Member Info for Just_the_facts

I have somewhat removed myself from this BB as a direct result of the constant bickering that goes on which out weights the genuinely informative posts by at leat 10 to 1, prior to January this year this board was an excellent place as a source of information and then the troll invasion started and has since descended into nothing more than chaos I’m sorry to say. There are very few of the highly respected and informed posters remaining which I suspect is as a result of the above and I consider to be a great shame as everyone is missing out on this.
I am bullish on both BTC and ARB but try to keep my posting informative and unbiased, I am not adverse to contrary viewpoints to my own and welcome substantiated debate as that adds to the knowledge base.
What I can’t stand is the blatant and totally uninformed posting that has increased exponentially over recent months from posters who are clearly not invested and either have a paid agenda to create disruption or for some very bizarre personal reasons, they have just ruined this board.
This is the the primary reason that Delacey formed the discord, so that genuine investors could exchange and debate ARB without all the FUD, and I have to say it works brilliantly and I for one salute Delacey for its creation, he was the original defender of the troll invasion on this board, he is a genuine investor and manages the discord group very well for all other genuine investors in comparison the cess pit this BB has majority turned into.

K3VMC
its just an estimate based on the known aspects at the moment, but would expect the network hash to roam either side of 100 for the near term and the difficulty is expected to drop again in mid July to 13. so everything points towards a good month of mining.
i don't put to much emphasis on the current price of BTC, i am more interested in the overall HODL increase as a result of the drop off, which could gain us around an extra 700BTC by the end of the year for no extra work (if all things remain fairly constant with the hash rate)

Hexam / K3VMC
the first two weeks of June the network hash was averaging about 150Eh with a difficulty of 21 which released blocktimes of about 10 mins, so say 900 BTC available each day for which we had about 0.8% of the network meaning we mined approx 100BTC over the 15 days.
the second two weeks of June the network hash after the drop off averaged around the 100Eh mark but with only a slightly reduced difficulty to 20 and the block release times increased to around 20mins meaning there were only around 450 BTC available per day, our hash rate as a % of the network increased to 1.1% but on a lower availability to give about 70BTC, hence the total month figure of 167.
from start of July however if the network hash remains around 100Eh for which we have 1.1%, the difficulty has reduced to 14 resulting in block release time of 11mins which would mean approx 820BTC available each day, so at 1.1% (based on constant figures throughout the month) we would mine around 270BTC for the month.
apologies for boring anyone else with this :)
ATB

Hi Hexam
I agree, the BTC mining rate varies around 900 per day and the difficulty adjustment lags the hash rate change.
We have increased our hash rate % of the total network due to the drop off so hold about 1.2%, but the lag in difficulty increased block release times well above the 10 minute target. We had a bigger slice of a smaller pot.
Now that difficulty has been significantly reduced to match lower hash rate we will have a bigger slice of a bigger pot as BTC available will be back closer to 900 a day, July should be good revenue
ATB

Not sure if anyone still checking on this board
Sirius have issued RNS yesterday confirming 40% investment on ATOG for which would appear they have privately raised £4m from share issues at 1.75p.
Rumours of relist in Q3 at 2p.
Still not getting my hopes up yet after all these years but there may just be a glimmer of light.
Fingers crossed for all LTH
ATB

Lol, I’ve been on a diet Pop :)

Shorts are dropping off????

Pearls
The imbecilic rhetoric you post on this board is frankly insulting to genuinely interested investors, you are undoubtedly an ill informed person with the agenda of a disturbed agent provocateur who seeks nothing but to create selfish disturbance to what was previously an accumulation of well informed investors.
You have zero ethics or morality as you consistently seek to defraud less experienced investors by creating your one sided propaganda in an attempt for them to close positions at a loss, all this in a company you have no investment in and it is clear from your posting history that you have no understanding of this sector.
You also continue to promote and ramp in SGI, which is I am sorry to say as buoyant as lead and you do this because you have a red position for which you are desperate to claw back to 4p I believe to break even, again at the expense of your fellow investors.
Personally your posts don’t affect me, as I see your posts for truly why they are and I am a well informed investor in ARB and BTC having carried out due diligence over several years, I merely wish for fellow investors not to be bullied by your poisonous posting.
I have on previous occasions in the past called you out for debate on fundamental discussion for ARB but as expected you did not acknowledge as you were only to aware of what the outcome would be.
There are significant numbers of investors on this board that are so appalled by the likes of you and select others as having brought this BB to nothing more than a cesspool due to lack of moderation by LSE and left with no choice but to seek alternative location to enable sensible discussion on our investments, I can assure you that the separation group now provides a wealth of genuine and intelligent information with discussion both positive and negative but without the uninformed trolling bile from yourself.
I sincerely hope that no new or less experienced investors take anything other than sarcastic sympathy to your posts as they are a disgrace to the genuine purpose and intent that this board space was intended to create.
You should be ashamed of yourself, but you won’t be as you are a selfishly immoral individual.

it did this in 2017 bull run at same time as this and then ran on to ATH.

could go either way for sure, time will tell ;)

Hexam
I can assure you that is not the case, obviously there is optimism from a group of like minded investors, but it is more like this BB from last year.
Well informed posts and discussion with a good bit of friendly banter thrown in for good measure.
Try it and then decide, if it’s not for you then you can just leave no problem.

Hi Hexam
Treatment I can recommend is Discord
Will clear that rash up instantly :)

Comprehensive as always Hexam and I am happy to be corrected.
I forgot about the depreciation from accounts perspective.
Hope you are keeping well
Thanks and ATB

In March we raised £26m on placing for which some has been used for investment in Pluto and other aspects, the remainder was to be used for running costs which overall probably run at about £1.3m per month all in, based on current hash rate and mining returns this would put break even at about $10k which would include for rig leasing.
All other aspects of the business are debt free and we also have the $100m loan facility available for Helios as advised in February.
I would asses that we have sufficient capital to cover running costs through to end of this year which allows us to HODL 100% each month.

For an asset like BTC to be destroyed by political agenda would require a 100% determined effort by global governments, now that we have second and third world countries adopting it and massive investment firms involved then that won’t happen, I suspect in the near future that one of the big global economies will accept its position and status and then there will be a landslide.
The current game plan seems to be to get retail out of it, and the scaremongering is achieving that.
I for one am remaining as I think before long, and when majority of BTC ownership is corporate, the tide will turn.
Similar to gold reserves, how many normal retail investors own it? Not many I suspect in comparison to global economies
GLA

Hi Monkfish
the full usage for Texas has yet to be disclosed but it will be diversified and not just for BTC mining.
if we get the delayed increase in Ph in Q3 up to 1685Ph then we would be mining approx 250 BTC per month (based on current network hash and difficulty levels) without Texas.
to give you an example for Texas and if the full 200Mw capacity was to be used solely for BTC mining then it would be approximately 7Eh which would produce about 1,000 BTC per month (based on current performance), but as mentioned, the full diversity of Texas is still to be advised.
ATB

JofHoggit
i don't think for one minute that this board will be abandoned as there is a lot of value to be gained from the information posted, but the trolls are not free speech as a lot are paid de-rampers.
they just convolute the board so it becomes almost unintelligible.

Blubay
# argo-general-chat

If you turn back time 9 months and look through the posting on this board you will get an idea of how good a place it was, great information, good debate, lots of knowledge, there was views from differing angles and an overall well informed place.
Definitely not an echo chamber.
The new group can be moderated to ensure it’s integrity, good move in my opinion

Hi Moog
Might I recommend you move to the discord group, it’s a far more tranquil place set up by Delacey.

@.zstarz ATB mate and agree completely, took the week away and nothing has changed.
I am zoomed out as far as BTC and ARB are concerned so all this intra day analysis and commentary has no effect on my position.
See you later in year for Xmas party :)