Member Info for Just_the_facts

we will indeed all get to see how this plays out :)
there's always two sides to a fence, and i know which side of it i am on.
Sounds like you need to make your mind up CMEU??

Darlomagic
i like your optimism but the price doesn't relate directly to a specific hashrate value, it's more related to the ebb and flow direction of total network hash.

Chinese miners dropping off the network would be a bit of a double edged sword if it was to happen on mass.
BTC network hash rate tends to preceed price, so a significant reduction in this would no doubt lower price.
that being said though, would give the North American miners a much bigger portion of the daily 900 BTC available.

Morning All
the sun is out here with some blue skies and all the Trolls seem to have got back under their bridges, happy days :)
some good opportunity over the next couple of weeks for ARB to take advantage in that the BTC network hash rate has dropped considerably since middle of May (from 220 to 130) and is currently residing at about 150Eh, difficulty level will be adjusted end of this week with an expected 14% reduction.
so we will have a much bigger slice of the mining pie for no increase in infrastructure or costs, plus we have an additional 600Ph coming on line over the next few weeks.
Have a good day everyone.

My presumption is that you have no research, you have not carried out due diligence on a potential trade, you don’t know if BTC is real or fake because you have not researched it in any way so basically have no knowledge of how it operates and how it’s value is determined yet you feel justified to present on a board in a de-ramp nature to people who have researched and gained knowledge on all the above and then get upset when you are called out for being a troll.
Immoral and a joke to genuine investors and just a chance flipper IMO, same as the rest of today’s turn ups :(

But why not wait for 30p if your research tells you that’s where it is going, why risk an entry at 80p???
And if you think this whole thing is a bubble then why invest at all as presume you would expect it to burst at any time??

drlong
Genuine question from me to you
You have stated that you don’t believe that crypto is real and has no place in a global market and that people would be better investing in items of material such as gold, oil etc. (I don’t have any issue with individuals points of view and am not here to convince anyone otherwise) but if that is your belief then why would you consider buying ARB for 80p as you have mentioned when you also consider it will drop to 30p in your opinion.
I have no problem with anyone buying this share low and selling for higher and if you are just in it for a quick flip on a bounce then fair enough.
Curious as to your logic in determining your trade on a stock and an asset you believe to be fake??
Looking for a genuine answer

think this BB needs an enema to clear out all the s**t going on but would need more water than a hydro electric dam.
signing out, have a nice evening all.

we have the full entourage of Schadenfreude now :D
Elmer FUDd would have a field day with all these pesky varmits.

Saby 'paid' 16
what time is it in Columbia? just woke up have we?
you carck me up with your 'Pearls' of wisdom :D

Hi Everup
same as you i guess that as i view my ARB holding as long term i tend to view the data in larger time frames than just the minutes, hours and days.
much less noise and far more clarity :)

I still view all this price correction in BTC and the ARB share price as a good thing short term as it was definitely needed.
network hash rate has started to increase again which in turn will pick up the price over the coming days.
this will more than likely drop below $30k before it finds a strong support level to bounce from and the same can be said for the ARB price.
There undoubtably will be some more nervous days ahead for holders.
either way, ARB continue to mine away and strengthen their fundamentals regardless of the short term price changes.

in different to most other crypto, the changes to network hash rate tend to preceed price in BTC,.
hash rate peaked on 9 may at 214Eh and has since dropped as low as 126Eh as of yesterday.
in the last 24hr has increased upto 157Eh so would expect an up turn in price imminently combined with TA showing as hugely oversold.
i would expect a run back to $42k very soon.
another side effect of hash rate drop off is that ARB get a bigger slice of the pie and will no doubt take advantage of increased mining capability they achieve for no extra cost.

Hi Pensionpot
Atif did develop the YOP platform under deTech as you mention and he is also a Director in Pluto.
Pluto provide finance and staking for opportunities such as YOP and other DeFi protocols.
there will be information released i expect in and AD prior to the IPO which will hopefully be sometime in June.
Be very interested to see the full extent of their portfolio and strategy developments.
overall i expect this will be a rewarding and shrewd investment by ARB.

Delacey - fully agree mate, it defies logic (which seems in short supply in their case)
mind you there's not much to look at on the SGI board :D

LMFAO today :D
it's like a Bugs Bunny cartoon, Elmer FUDd.............shoot those pesky varmits

Lol - cant help but find Pearls posts as funny, grasping at straws with zero substantiation of claims.

lease liabilities relate to mining rigs through celsius network, refer to RNS 26 feb, the leasing costs for these are accounted for in the monthly mining reported margins which also include for the electrical running costs, which for April was 85% margin.
ARB carries no debt, placings were utilised for forward investment and development, purchase of 2 Quebec properties completed.
what other companies disclose the nature of their banking facilities??? Only SGI as they have no bank that will touch them, only an invested major shareholder who directly control their banking.
If you require clarity on ARB banking arrangements then suggest you email the company directly with your question, ooops sorry, i mean write them a letter......... don't forget the stamp :)

the short term pain suffered in both BTC and ARB prices does not change any of the fundamentals, in fact the ARB fundamentals will be stronger.
when BTC price falls, so does network hash rate, currently at 140Eh and down from 180Eh.
Argo still continue to mine 24/7 so at current 1075Ph they now have a bigger slice of the mining pool by 28% of the 900BTC available to mine each day.
so for no additional work or overheads they could be receiving an additional 50BTC per month.
take the positives from the negatives.
perceived bad news isn't always bad news.

The original business model for ARB was slightly different in that they were going to effectively rent out mining rigs but that changed within 6 months to mining for themselves at which point (and after a lot of researching) I decided that the whole sector of crypto and miners was only in its infancy and that this would be a LTH.
There is always a lot of focus on the immediate prices which does create short term panic and is why this sector is so volatile.
But if you have grasped the entire concept of BTC and blockchain and you understand it as real and not some imaginary con then the LTH is just a matter of course.
The majority still feel that an asset can’t exist without a physical form, but as time passes more and more people start to understand overall basis of crypto and the inherent value in it.

Delacey - it’s not a Tesla then :)
Enjoy the ride