Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
All the best!
This happened with BTL the other month, up 40% one day and down the next.
Signed up for three packages in December at $50 usd, zcash/flypool mining at 6500 sol/s, first month payment is only $5.
Don't know much about dealing with crypto's, followed the ARGO direction and downloaded Exodus to my pc to receive the zcash tokens.
Well that rise didn't last long.
I've not been able to get a package as yet, will check when I get home and sign up if possible.
Not looking to make a couple of pound a month but will accumulate for the mid-term when hopefully cryptos will turn the corner and rise.
So that would mean not only being a direct holder of ARGO shares but playing the crypto market with a lower exposure.
So just to clarify Lazygun, you've taken out the packages at circa $50 each to turn back into a profit straight away?
Have you looked at the bigger picture regarding the company expanding and making profits & investing in crypto's medium term?
Get the information direct from the RNS website: https://www.investegate.co.uk/Index.aspx?searchtype=3&words=arb
Should LION relist in quarter 2 then after sorting out all these issues?
Again t's good to know that the customer is happy with the end product.
So if the business model is good then the profits will eventually come as the packages are rolled out.
Align Research initiates coverage is misleading, they did a similar report earlier this year, those of you who have followed this story for a while will probably have seen it when it was produced.
Definitely lost some pages, I've just checked my history and my post yesterday has gone.
It's too early now BrownAdder.
The company have updated us, lets see what happens at the AGM and any further information that is given.
I'd prefer LION to continue to build it's business rather than having to deal with BA and his group, that would be a waste of resources don't you think.
That's all we can and should do in the meantime while CP moves forward with business plan.
If it fails, then and only then do we take any action, to do so now would only undermine the company and that would only lead us to lose out in the end, we want the company to succeed so give it the time!
I thought, wrongly so far, that this would be a good thing to discuss?
Do we really need more posts like the majority on this board, non consequential?
The business model is sound and will be borne out in time.
If cryptos have any kind of run in the future - which is distinctly possible - then ARB will fly.
Good opportunity at this level to tuck some away for the medium term.
Firstly has the Live testing phase finished?
According to the RNS it should have in September: https://www.investegate.co.uk/lionsgold-limited--lion-/rns/goldbloc-in-live-testing-phase/201807311245453409W/
Then how long after will Goldbloc launch?
Thanks Dan, decent ROI.
The business model works for the end user which is reassuring.
Argo launches Bitcoin on its mining platform
https://www.investegate.co.uk/argo-blockchain-plc--arb-/rns/bitcoin-launched-on-mining-platform/201810110700035877D/
Argo, a UK-based provider of cryptocurrency mining services (LSE: ARB), is pleased to announce the launch of Bitcoin, the world's largest cryptocurrency, on its platform from 1st of November 2018.
The move comes in response to consumer demand and will increase the total number of cryptocurrencies available for mining by subscribers to seven. The current market capitalisation of Bitcoin is $114bn.
Argo's customers are currently able to mine Bitcoin Gold, Ethereum, Ethereum Classic, Zcash, Komodo and Horizen through its monthly subscription, cloud-based mining-as-a-software service.
The addition of Bitcoin follows the successful expansion of Argo's mining platform and a ten-fold increase in its sold packages to 4,200, marking the first significant ramp-up of the Company's revenues since its Initial Public Offering in August of 2018.
"We are delighted to announce the addition of Bitcoin to our platform. This is yet another step towards Argo's long-term goal to become the leading global provider of easy-to-use and transparent crypto-mining services for the general public" said Mike Edwards, president and co-founder of Argo.
"We have seen strong demand for Bitcoin and our growth strategy is customer-led. We look forward to offering even more choice as demand grows and we invest in our platform."
Taken from Lazygun on the VELA board:
So, I’ve constructed a spreadsheet to keep a track of mining transactions, so I can forecast how much I can expect to mine by the end of the month.
I had a small issue as I subscribed to several packages on a pre-order basis, and they mistakenly set them all going at the start of October.
I contact3d support to indicate I was pretty miffed at this, and they eventually were able to reset the addnl packages to a pre-order basis, and were also able to refund the amounts for the ovember packages back into my bank account, and I’ve now seen the refunds appear in my account.
The mistake shouldn’t have happened in the first place, but I take it as quite a good sign that they have refunded these amounts. To be clear, they will charge for them again on October 27th, ready to start mining in November, which is what I wanted, and was the basis for which I signed up for.
A young fast growing company like argo I would expect to have some teething issues with their processes, but it is far more important that they demonstrate an ability to fix them promptly, which they have. A great sign, considering they are now a publicly traded company in the headlights of greater public and fiscal scrutiny from the stock exchange.
I’m also reasonably impressed with their support team. I actually had a long phone call from one of their support heads in relation to these issues, so they clearly take this sort of stuff seriously.
Anyways, enough digression. Based on my forecasts for the one $50 package I’ve experimented with, by 31st October, I should have around 0.63 zcash coins. Based on the current zcash/usd exchange rate, that works out at about nearly $80 (using $126 usd to zcash as an exchange rate).
So, that basically should give me around $30 profit, less transaction fees for selling the zcash coins, and xferring back to my uk bank account.
To me this seems quite profitable....
Assuming that the amount mined stays relatively constant, would mean a break even exchange rate minimum of $80 usd to zcash. Also this assumes that the usd/gbp rate remains relatively constant as well. Additionally, if zcash can be sold for euros instead, i’ll Need to monitor that exchange rate pair (zcash/eur) instead of the usd rate pair.
So, some complications still to navigate, but it still I think remains encouraging...
Like any business they need to cover costs and overhead first.
ARB have recently listed and launched their packages and will build on that going forward.
"Longer term, the company is well positioned to develop a mass market and highly profitable global crypto-mining service, having already secured enough power capacity at highly attractive electricity costs (US$0.030-0.038 per kWh) to be able to service over 150,000 packages from its Canadian data centres," Howard said.
Mike Edwards, president of Argo, said the strong uptick in demand indicated that demand for crypto mining services “remains robust” despite a recent downturn in the sector, adding that the firm would “continue to execute our growth strategy as quickly as possible to meet this pent-up demand".
Full story here: http://www.proactiveinvestors.co.uk/companies/news/206047/argo-blockchain-shares-climb-as-it-reports-ten-fold-increase-in-crypto-mining-package-sales-since-ipo-206047.html