RE: Argo ipo13 Jun 2018 05:59
Cretes - every miner is currently given a $25 (£18) taster package but you should be able to upgrade your mining package monthly depending on those 'miners' who upscale or down scale. I like this flexibility and the fact once your mining, you get first option/refusal to upscale - I will be moving to the $599 package asap and no doubt many others will to. The FT lex article yesterday is well written and credible but no one has posted the article or conmented on its merits. The article shows similarities to that of 'fracking' in that ARGO will be a low cost entrant producing from the getgo, utlising cheap green power. Whilst other mining entities will struggle in a market downturn due to churn, expensive machines and high power costs. It really comes back to ARGO business metrics of earning 80/85% profit and your risk:reward strategy. Its so feckin exciting guys. Genesis will be worried by the new entrants that seek to eat into their profit margins. Must check down the sofa for that extra cash needed for IPO (I'm hearing 'chatter' its currently around 4/5 times oversubsribed - big haircuts will be applied that i'm sure of). Gla