Member Info for LimpingAlong

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).

MARAPool haven’t mined a block for 16 days now, they given up?

SpAGbOl Jimmy showing how great the life of a multimillionaire trader from the UK, living the high life in Thailand but spending time in Oz on his own, yet staying on UK time, posting over 500 times a month on LSE. All the while chucking in the Paedo accusations, Welcher accusations blah blah, all real grown up stuff, the stuff you’d expect from a multimillionaire trader living the dream, lmfao, such a load of bol**cks, he’s getting called out by everyone now….go help your Mum with the dishes SpAGbOl.

“I really love Argo and love whats going on with the company it's all really interesting / exciting to me. Please dont assume i am a panicked rookie investor like yourself. It's just not in my character!”

Well said BC, some people need to learn how to interpret the info made available to them when investing. There’s no rush here, “quarters and years”.
The Smart Growth approach will see this Company market strong and leading the market well into the future.

Indeed AB, I didn’t see any Argo involvement in this announcement, all DMG, and the announcement doesn’t suggest anything other than what it says.
On the subject of pools though, MARAPool haven’t mined a block for 13 days now…is that failing I wonder?

Well said AB, a lot of others agree by the looks of it.

It’s worth noting on the subject of turning things off that MARAPool has not mined a block for 12 days now.
We know RIOT voluntarily curtail mining during peak energy demand periods, so I guess it just comes with the territory.
I’m sure we’ll all learn to recognise patterns in this over the coming years, it’ll become “just one of those things”.

Looks like MARAPool haven’t mined a single block for 11 days now. Must’ve closed up shop for a bit.

Might be reflected in todays prices..BITF up 8%, ARBK up 24% (at time of writing, subject to change with no notice).

Looks good in the US at the moment…way up compared to the other miners right now. Happy days indeed (but then it always is to be fair).

Seriously Hexam, do you have some kind of issue with what I’m saying? I’m saying that you and AB are very knowledgeable and talk sense…..the other idiots are just noise

@Hexam I actually thought you were worth reading alongside AB. You seem to be very prone to pointing fingers at people who aren’t in conflict with what you are posting. Stay neutral, stay factual…

You know what Hexam, I put you in the same place as AB in terms of reasonable well thought out and researched info, you’ve proven me wrong unfortunately with your last post.

@sharebel, yep that’s how most of us see him too..a newbie with a big mouth.

Haha, I couldn’t be more chilled. I mean who exactly is not chilled right now