RE: How can Nasdaq help?21 Jul 2021 15:36
cazenove
"You’re misinterpreting my post. The response to the previous post is that you can’t compare Share Prices alone. Just because Mara or Riot are $20+ it doesn’t necessarily mean Argo should be."
I'm not comparing share prices. Never have. That is pointless.
"Your analysis in comparing margins is flawed."
Of course it is, It is a fag packet comparison. Like wot I said it was!
"Firstly, Mara paid $170m for 70,000 miners, that works out at less than $2,500 for each miner…… not a bad price, but probably expected when you’re buying 70,000. Do you know what Argo are paying for their miners arriving in the next few months?"
No. I neither know, nor care. If you want to produce a model that incorporates cost of machinery operating costs. depreciation and end of service costs, be my guest. I expect there to be differences that were inconsequential to the point I was making.
"Mara don’t own their sites, they pay a hosting fee equivalent to about 0.5c per Kw, so GP not comparable. O.5c represents about 20% of the electricity cost, 2.8c."
So what? What is the material difference> If there is one I'm interested in what fraction of a hundredth of the SP that represents. Obviously, I am.
"MARA will probably be earning $50 - $100m per month next year once their expansion is completed and dependant on what share of hash rate that will represent, mining difficulty, and that’s based on the current Bitcoin price!"
OK. Anything can happen in the future. In fact, I will stick my neck out and say it probably will happen.
"My biggest holding is Argo and I want the SP to grow as much as everyone in this site."
ok.
"Happy to see your full analysis to prove me wrong.2
I'm sure you would be. For a change, why don't you stop nitpicking and do some research? Then we can all sit back and do the Harry Enfield "Ohhh, I wouldn't do it like that" impersonation.
Doh!!!
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