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Blimey AB, all the chimps are out tonight aren’t they lol!
A measured post is called back peddling, anything positive is called ramping, and apparently rookie investor is the guru on ARB! Lmfao.
Oh look, ARBK finished up….again, BITF finished down…..again! But hey, it’s way better.
All those who championed Mara don’t even wanna talk about it anymore…yeah let’s buy a ton of machines we can’t run, great shout. Lol
Always the way with that lot AB
“Argo has some challenges ahead, the same as all the miners. My money is with Argo. Many try to paint Argo out as somehow worse, but it isn't. But my usual answer is don't buy Argo if you don't think they are going to succeed, rather than posting nonsense on this forum.”
Well said AB, completely agree with that well reasoned statement. ARBK blue right now (subject to change with no notice), onwards and upwards.
Yeah well put PI, agreed totally, long term is the way!
“I trade OZ, Uk and US so its long hours, 3-4 hours a day usually is sufficient.”
Don’t forget Never Never land, Narnia, and the lost city of Atlantis as well sPaGBOL…lmfao, such a load of bs.
Make sure you keep that 500+ posts a month average up, everything sooo much more believable then. Lol
sPaGbOl Jimmy, you really are looking very stupid now. Overplayed your card long ago.
I think you are the only one left buying your c**p! Lmfao
Dickens county - 2 tornados a year on average, I’ll take my chances! I reckon you’ve got a better chance of seeing one in Reading, lol.
Yep, absolutely. Thankfully being located where we are, far enough away from the gulf and out of “tornado alley”, the risk is minimal. Out of interest the UK gets 30-50 a year, don’t think I’ve ever seen one!
Krautyankee, unlikely is the answer to that. Helios located in the panhandle, normally too far northwest for the tornados.
Yep, totally ****show at Mara. They seem to roll from one disaster to the next, and lets not even start on the compensation to management which sat at and average of 63% across the 4 quarters in ‘21. It’s been over for a while there now.
Ouch! I thought these were the big guys, this is gonna hurt them.
https://www.coindesk.com/business/2022/06/28/bitcoin-miner-marathon-digitals-montana-operations-go-offline-after-storm/
“Agree - I’m just saying it is possible to sell orders but yes, I can’t see Mara doing that with all their orders - without it being terminal. Just another example of why that report is so shoddy”
So you can’t see it happening and that’s why the report is shoddy. Again Hexam, all in your opinion.
“or do you really believe the direct cost to mine per BTC for ARB is really under $4k? Even PW doesn't believe that.”
Nope, as I’ve said to you directly before, I think AB and yourself presented much more eloquent workings representing a closer cost per Bitcoin, but I think you know that.
What I have said, and the only thing I’ve said, is I agree that we are in the best position to survive……..(please don’t make me copy/paste for the 3rd time!)
FP, on what timeframe?
Excerpt from Bitcoin magazine last week -
“Prices for bitcoin mining hardware are closely correlated to bitcoin’s price for two key reasons.
For one thing, since hash rate generally follows or lags behind bitcoin’s price movements, the prices of bitcoin mining hardware — the source of hash rate — also lagging behind should be expected. The reason for this is easily explained: For example, when bitcoin is in a sustained downward price trend, some miners that are facing dwindling profits choose to unplug and even liquidate their hardware, which introduces more sell pressure on the mining hardware market.”
In your opinion Hexam, you keep forgetting that. I happen to agree with the statement that reads -
“Mellerud concluded that Argo Blockchain was in the best position to survive while Marathon may be forced to liquidate their BTC or sell those upcoming machine orders.”
It’s about the future see, your calculations as I’ve stated before are interesting to read today, and as you’ve alluded to though you use certain “assumptions” for future numbers, totally understandable, no one can even begin to predict what’s happening over the horizon at the moment. As stated many times I strongly believe this is a Company who have worked at their own pace, built a formidable facility that will see them well into the future, and are well placed to reap the rewards of smart growth in time.
I’m not sure why you get so sensitive, just my opinion.
“Mellerud concluded that Argo Blockchain was in the best position to survive while Marathon may be forced to liquidate their BTC or sell those upcoming machine orders.”
Nice to see others agreeing smart growth is the way forward.
Did you submit the question Rookie?
Agreed Dennis, news is getting out there. When you look at the disaster the other miners had yesterday, we looked very good indeed. Day by day doesn’t matter too much but the sentiment around ARB/ARBK definitely seems to be getting more and more positive. Building up gradually, quarters and years. The smart growth approach winning out.
MARAPool now 17 days without a single block mined.
ARBK the only green miner as we speak (subject to change with no notice).