Member Info for Scottman72

Nope it not.
They've wasted their money there.
Did any of you read this?
https://www.blockwaresolutions.com/research-and-publications/2020-halving-analysis

https://cointelegraph.com/news/bitcoin-hash-rate-drops-almost-45-since-2020-peak

He's at 15% of ARB now ;)

Duke,
Stop taking LSE's buy/sell as correct. Most of these transactions will be buys.

Nice start to the day. Break 4p soon?

As many have said many times. LSE only shows 'trades' without any knowledge of whether they are buys or sells.
A misleading (in my opinion) guesstimate as to whether they were buys or sells is made based on the price with respect to the buy and sell prices.

As we’ve pointed out before. The management know where this is going. They are not going to agree to a silly low price irrespective of what the current crash takes the price to.
The only other alternative is for more than 50% of shareholders to agree to an offer to gain control against the BODs. So the question then is, would you be happy selling your shares for less than 15p?

I totally and utterly agree.
But I hold my right to withhold which side until after we find out if the U.K. policy is correct or not. Then you’ll see I was correct when I reveal my choice ;)

Watch for oil as well. That will also be an early indicator of any rises.

Just remember. It was predicted that BTC would crash at the start of any market crash. But pickup quickly as cash printing and negative interest rates hit. Everyone will be moving their cash into commodities such as gold and BTC to escape the value losses.
I've bought a little more of both BTC and ARB. and will be buying more on any further drops as the future of both in a few months time is more than where it is at the moment even if it drops more.

The was meant to say "Meanwhile at ARB, . . . ."

I'd say, right now. There are alot of machines that are unprofitable to run. The owners are trying to decide whether to keep running and hope the price recovers quickly enough that they don't run out of money before they sell at a higher BTC. Or do they switch off and wait it out. . . .
Meanwhile at, as they have highly efficient machines, they are laid back in their swivel chairs, sipping a wiskey whilst smiling as the world goes by.

I just hope we all bought the dip. Ridiculous sp and a doubt we will see 4p again.
Byeeeeee

Correction, predicted 650PH :)

Also 665PH rather than the predicted 660PH. So maybe their optimisation is getting better as well.
A bit sad to see only 50% efficiency though. Thought it would be better than that.

337.5 BTC mined so beat all estimates.
;)

Depending on the price of the latest model. It is probably the perfect time to buy new hardware.
The new antminer is significantly more efficient and with a slight reduction in difficulty will counter the effects of the halving. As a result, there is no better time to invest in the new model if they can negotiate the right price.

Agreed, it was a good podcast.
Considering his statement that they want to be at the front of any upgrades in hardware, the release this week of the new Antminer flagship and the cash ARB should have. I’d expect an announcement for more hardware shortly.
On the buyback front. What a load of twaddle. The only way to clear sellers is to wait. They would need to spend most if not all of there cash on a buyback to make any significant impact on any sellers and this would significantly damage ARBs growth as the cash is needed for hardware. A much smaller amount could be released as a dividend and have a larger impact on sellers.

Not a chance of a buyback, and it’s getting a bit annoying that it’s still being brought up as a suggestion. Completely brainless option and does nothing for Argo and it’s sp except for short terms traders. If you’re one of those pxsx xff.
Good chance of a div in the near term and with more efficient hardware just released . . .
I truly believe that this is so low because of fear over the halving. Once ARB confirm they are profitable after the halving things will be a lot different. Only issue may be if this means waiting till January next year to report profit/loss as an early status of the full year report?
Either way, this is an absolute steal at these prices compared with where they will be in 12-18 months.

Too late
Markets closed so you’ve missed the boat
;)