Member Info for LimpingAlong

Hexam, you get so wound up mate, just be calm. I know you are a numbers guy and that’s great as I’ve said many times before.
For me, I’m not sure how effective all these calculations are when you can’t see what’s going to happen tomorrow right now.
If you took historical snapshots of other very successful, big Companies in other areas of business you could no doubt find times where numbers look less favourable than at other times, it’s the way things work.
I look at the bigger picture, I’m delighted PW wasn’t tempted to enter an arms race, I think Helios is well thought out and ahead of its peers. I like the community engagement (much like Boeing in Seattle, Microsoft etc) it shows people they are here to stay not just pillage and leave. I very much like the focus on green energy, I like the regular investor updates (market space leading with that one), I like the involvement PW has in all things “this space” as he gets to see first hand what works and what doesn’t, and most importantly he’s run the Company in a manner that’s within itself, not overstretched, and with a good weather eye on where he’d like to take it in the future when conditions permit.
Onwards and upwards!

And that’s the nub of it AB, if you think the future of a Company is worth investing in, then do it and be confident of that future. If you don’t, then don’t, but don’t waste your time posting about how awful you think it is, go find something you think is worthy of investment.

“Outperforming its peers , by losing massively amounts of btc equivalents in argo labs.”

This statement sums it up really. There’s no looking to the future with you lot is there, finding other ways blockchain technology can be used effectively, keeping an eye on the future whilst operating in the now. How much do you think Boeing, Airbus, Tesla, Microsoft, Apple, Bosch and so and so on spend on R&D for the future? Smart growth!

For those who didn’t read it -

https://assets.website-files.com/6192808c25837d3716982433/62b4b5957ae7dec15fe75b74_Argo%20-%20Investor%20Presentation%20(June%202022)%20(1)%20(1).pdf

It’s funny isn’t AB, all these numbers get thrown up on here seemingly to try to highlight how ARB is doing everything wrong yet where are all these other superb miners with huge hodls and impressive mining numbers?? Nowhere is the answer. Their hodls will be exhausted just to keep the lights on, mara will be lucky to survive (although I don’t think their board give a s**t really), most of them will be switching their machines off if this continues…all those machines doing nothing! “But it’s a race” I heard you all say…nah, PW has played this well, smart growth, cheap clean energy, absolutely not looking at others in the market and being tempted to race (to the bottom as it turns out) with them.
ARB well positioned to be there, at the front, we’ll into the future.

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.”