Member Info for Scottman72

Link didn’t work for me.

I recon there’s a good chance they will announce they will have the ?? cash to announce another hardware order to take them up to the maximum of their power supply agreement within the next couple of months.
They may want to have all the current order in place first and might not be the 1.36 exa they were talking about as the current machine efficiency might not tie up with those calculations. But either way would roughly double ARB hashrate.
This can only be good for ARB and our sp.

With the increase in machines to 640 Peta, this will almost counteract the effect of the halving. But it will still be interesting to see what happens to the overall hashrate. Will it drop as machines become unprofitable as the mining profitability is low at the moment?

You’re right. 159Peta was the increase.
So, 3rd time lucky ;)
$1.7m revenue per month. $5.1m per quarter.
£1m profi per month. £3m per quarter.

Well get there in the end LOL

Found the error. 1 to many zeros used for Peta. So divide those figures by 10.
81BTC per month.
$0.73 revenue per month. $2.2m per quarter.
£0.44m profit per month. £1.32m per quarter

Something to mull over.
Just done a quick call that I’ve had to recheck.
Based on the fraction of ARB hashrate (159 peta) to overall hashrate (105exa). ARB should now be mining at a rate of 26.6 BTC per day. Or rather averaging about 810 BTC per month.
That’s a monthly revenue of $7.3m. Assuming mining costs are about $2k per BTC, then monthly mining profit will be about $5.7m, which is about £4.4m per month.

Just broken 9k again. Hopefully keep it this time.

By my reckoning we are getting close to machine payback in approximately 4 months again.
For those that don't understand what this means. If machine payback remains at 4 months and mining difficulty remains constant (I know it won't but this is an example) then the following scenario will play out. If no reinvestment then annual revenue per year will be simply 3x number of BTC in 4 months.
If re-invested every 4 months, then at the end of 4th months. Machines will have mined back the 2xBTC used to by them at whatever value that is. So ARB would have twice number in BTC compared with doing nothing with it, but also have twice the hardware mining BTC that generates that number of BTC every 4 months. Revenue is now 6x number of BTC (doubled).
If that BTC is again used to buy even more machines, then in 4 months time 4x BTC are mined back. Revenue is now 12x number of BTC (quadrupled).
If these BTC are again reinvested then at the end of the year ARB would hold 8xthe BTC mined at the start of the year as well as holding 8x the machines. Annual revenue also being 8x as well. i.e. An exponential growth.
After the second year, assuming mining difficulty is still the same, annual revenue would be 64x the number of BTC held if they had not been re-invested.
Hope this details why it is so important that ARB re-invests to grow the business.
Re-invest again. This time after 1+1/3 months the same number of BTC has been mined

Seriously,
I think they are negotiating the next purchase of machines as well as at least a doubling to the supply agreement. Things are looking far too god from their original plans.

It’s possible.
They might have been hit by an earthquake and not told us, or a tsunami or even a wild fire. You’ve seen what’s happened to the Aussies. Maybe that’s why they are quiet at the moment wondering how to break the bad news to us
ROFL

I don’t know. We’ve not seen their expenses yet. Or their revenue for that matter.
Might have had some unexpected expenditures that might make the business go under.
Ok, I had to try and make things look glum
??

The market needs reporting of revenue to show the growth of ARB. They currently have no half or yearly reports test show consistent and reliable growth.
It may not be till 2020s annual report towards the summer of 2021 that the majority start to take ARB seriously as an investment opportunity.
For us, till then, it’s just a risk reduction investment of knowing what they are doing and sitting back for the investors to eventually pile in.

Fingers crossed and we might be in for 2 months of BTC growth up to ~20k per BTC.
Hopefully ARB should at least grow in line with this which would put the sp up to a minimum of 16p

Solely, latest info is they said they sell rather than hold. But don’t know the timeframe. Possibly monthly.
Their only income is mining so all expenses covered from this. But running costs are a small percentage of mining revenue. Mining costs are probably about 20% of mined revenue at the moment and other running costs are probably in the region of 1.5m per year.
Full year financials should give us a better idea on this in probably 3-5 months time.

Agreed AJ.
Q4 and 2019 updated on revenue definitely needed.

A lot will be sceptical that if they are not giving updates when they should be showing good profits that they are trying to hide something.
And to some degree you have to agree. Why not publish that you are growing well when you are. Most would be gagging to let everyone know that.
Not saying that that’s the case but does seem a little odd.

The proof to the market is through considerable increase in mined revenue.

Who said anything about installing before halving.
They just need to order when they know they have the cash to cover it and lobby to get delivery as soon as possible.

Times will be much harder after the halving. They definitely need to maximise machine purchases whilst they can. This will lead to far greater profits in the short term as well as a much greater sp.

That wasn’t a description of myself???