Member Info for Scottman72

And then the fund raise will come ;)

Share buy back is a waste of money and could even prevent future growth in preventing reinvestment.

“The Company mined 247 Bitcoins (BTC), and generated revenues of £1.63m (based on daily foreign exchange rates and BTC price) in January 2020. Mining in January was more efficient than the previous month despite increasing algorithmic difficulty. Argo considers its operations to be one of the most efficient in the market.

As previously announced, the Company is ahead of schedule to achieve its goal to bring 17,000 machines into production by the end of Q1 2020. It now has 16,500 machines in production representing 630 petahash of mining power. ”

Onwards and upwards (followed by a quick sell back to 7p?)

The same could be said of the shareholders of his future ventures. "What commitment/confidence does he have if he's not investing". Personally, I'd expect a director/exec to sell a majority of shares to back any new venture. After all its where there careers now lie.

May be better to go on a couple of years vacation, chill out, relax, get intoxicated and see how things are when you return ;)

???
If we just consolidate than sp will drop?

Guess we’re going to open red :(
2-3% drop unless BTC breaks 9.5k

Still am?

But then again, we’d probably be stuck to 7p still :(

All signs are that this run will continue. Sentiment has changed now from fear of BTC dropping further to people expecting further rises.
Following previous historical runs we could expect BTC to have a stutter around $12k towards the end of Feb but then should hopefully continue up to the $20k-$24k region in May.
If this happens and depending on sentiment around the halving will determine what happens but there is also a slim chance after matching the ATH that the run continues. If it did then the next stage could be a longer term growth up to a staggering over $100k sometime in Q3.
Now wouldn’t that be nice for ARB’s sp.

Still doesn’t mean that you shouldn’t not like it Splat.

The fact that the sp isn’t rising in line with increased revenue ;)

Eh?
Bxxllocks.
Difficulty is increased to keep the block mining time the same. This is directly linked to hashrate and has absolutely sod all to do with BTC price.

ROFL
You’ve obviously not read what I said and understood it properly John.
I’ll try and simplify further later.

Qwert, it’s relatively simple but more related to the growth in overall hashrate over a two year period.
A simple general example is imagine that you are starting up and have enough cash to buy X amount of hardware. The growth of overall hashrate is Y times per year. You buy these X machines at the start of the year. By the end of the year they are generating 1/Y times BTC they were generating at the start of the year. So to recover this you need to increase your machines by Y times. But by the end of the second year this will again reduce by 1/Y and you need to have Y^2 machines to recover this. If you didn’t invest Y^2 at the end of the first year your growth wouldn’t be sustainable to meet the growth in hash rate and you would eventually fail to keep abreast.
This can be eased by continually reinvesting. This if machine payback is every 4 months and this is immediately reinvested growth can be 8x per year.

In order to maintain you share of the mining, you need to grow your mining rate at the square of the growth in the overall hashrate. Which is very difficult to do if the hashrate tripples in a year as it almost did in 2019.

Can’t understand why peeps want a share buyback. Might raise the sp slightly for a one off but doesn’t help the long term sp growth.

Wouldn’t bet on it ;)

I recon 7.3p-7.5p on the cards today.

It pulled back though :(
But still at 9340 :)