The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Only tea leaves, Btc treble top I reckon, 42/43 has been batted back down previously, no reason to think it won't happen again without *something* changing.
Plus I sold a bunch of riot in anticipated of a drop and buy back so it must go down now.
"I remember when I first bought Argo at 82pish when Bitcoin price was 32k USD.. this is silly price bc is at 42k IMO"
What was the difficulty back then, how many shares were in issue? Was there a projected hash rate increase?
"I’d confidently say that the discord as a collective has more capital outside of Argo than inside of Argo, not to say our combined position of ARB/ARBK is insubstantial, it is actually quite high."
Sounds like borg talk to me
"Once the Texas mine starts mining BTC, investors start seeing the value, the sp will rise dramatically"
Its all about hashrate.. Not efficiency, not green but hashrate.. Argo have basically said they are keeping the same hashrate to what has been public domain for a long time.. That will of dissaponted a lot of potential investors..
People have been working on a 200mw facility, a 60k machine increase, not just consolidating existing hash under one roofb(+20k miners STILL to be financed some how. (
"Not 1 single post through all the trading day..... has everyone gone to this QBT"
Theres just mothingnleft to say.. Unless the company releases some news on increasing hashrate then its just going to die a thousand deaths because it will just get left behind.
I know a core group on here think otherwise and every duff rns is span as something great but you just need to look at the share price to get the real answer on how other people interpret the RNS.
The volumes are truly awful because its not as attractive as other miners. The IPO really did put a knife in, the price of btc has turned the knife and the lack of any clear funding plan or growth strategy has made people just step over the slowly bleeding body.
It can all change with one rns, but they need to release that One rns which they keep on avoiding.
"This really is the biggest dog in the BTC mining, dirty rampers all gone now"
It kind of is at the moment, then only thing worse than than be diluted with funding is no funding at all, no increase in hash rate just a nice shed
"Thanks for the show of hands to my post today.. 10 likes (also holding QBT)"
Its for trading only really, its a failed leisure company with nothing particularly great to offer except the vast quantity of shares in isdue. It has an annonoymous crypto stig that works his/her magic... Its all pretty much just nonsense, just because something gets patented doesn't make it anymore worth while (I've had electrical designs of my own patented, I'm none the richer or wiser)
It is your typical penny stock which attract the dreamers.
The most interesting thi g about it is its company name and ticker, I would say that's the most valuable part.
It's a good share to
"2. Construction Speed
As above."
Gotto admit I thought they were further ahead than it appear they are, I was under the impression they were running immersion in in one of the new hangers albeit at trial stage... Doesn't look like it though from that video.. Nive only watched a bit so far
"Bitcoins about to break out.
ARB will follow"
I got up nice and early to watch the breakout, I can only assume thst by breakout you mean fall a few percent.. Which most likely means argo will also fall today.. I should go back to bed
@Argobull
"Chuz, why only 1 year chart and not 2 years? Doesn't suit your narrative?"
Not at all, I picked a year to make sure it hit the quarters and years bit.. Tbh a year is wayyyy to long in the crypto world.
To be honest would you buy into any company that had a 3,6,9,12 month graph like argo (and other miners for that matter I'm not saying they are unique).
End of the day (figuratively speaking), the market is much more aligned to my thoughts about argo and especially today's RNS.. Basically "meh", it is not the golden bullet, the start of a rerate or basically anything.
"Very disappointing reaction today to this news thought we would be way higher by now"
Its because people buy into thier own nonsense on here..
It's hashrate that moves these miners (second to btc price of course) , like it or not, the quarters and years line doesn't wash well with the market.
If you read all the "positive" stuff over the last year on these boards you'd think that argo was absolutely amazing, but pull up the 1 year chart that will give you the reality of how it's performed not all the nonsense on these boards.
From a recent core rns
"We believe that we are well positioned to achieve 40 to 42 EH/s of total hashrate by year end 2022, distributed approximately evenly between our self-mining and hosting segments. Demand for our hosting capacity remains strong and continues to exceed our available supply. Our construction and power team is on pace to achieve 1.2 to 1.3 GW of operating infrastructure by year end to continue expanding our hosting and self-mining capacity,” Mr. Levitt added."
Makea us look a bit pathetic but more importantly, why didn't core just keep the more expensive and more efficient S19j Pros and plug them in to there ever growing capacity whilst charging argo hosting fees.
It seems mad that a hosting company like core with a target 1.2gw of power (enough for time travel I believe) cannot find space to host a few more machines for themselves.
All seems quite odd.
@jayblu
"
it doesn't say they have swapped old machines for the same amount of new machines same amount of machines, it says swapped for similar hash"
Actually yes that is a very good point which I havn't considered.
Originally its around 10,084 s19s for now 9670 S19j Pros so 5% reduction in qty of machines.
So a new 19j Pro is equal to - 5% of a used s19 + hassle.
Too level figures I've looked at is around 6k for a new s19 and 10k for a s19j Pro (Internet figures so who knows for sure).
So 10,084 brand new s19s are 60.5 million and 9670 new S19j Pros are around 96 million
That's a 35 million difference.. That's a hell of a lot of money difference in lieu of "hassle".
@Argobull
"No it wouldn't, it's hash for hash."
I don't want to keep going round it as it will just consume the board today but in my view it's not hash for hash.
It's swapping out old used tech that runs at 95th and 3250 Watts for brand new tech that runs at 100th and 3050 Watts.
Thinking of it a differnt way just so I can try and get across what I'm on about... Does a used s19 cost the same as a band news S19j Pro? There will be a significant price difference, why would core scientific just suck up that price difference for us. They are going to keep our used s19s and give us a higher hash rate, lower power use bunch of S19j Pros for free? Why
@Argobull
"Chuz - don't be silly a swap is a swap. There's no indication of a fee for this. It's a win win for both parties. "
If that is the case then it's a stroke of genius by PW. Swapping out old s19s for S19j Pros for free regardless of where they are hosted. To use my car analogy it's like me swapping my old car for a new one for free.
Of course I don't believe that for one minute as it would be crazy on behalf of core scientific. I think it will end up in the same bucket as "we will list in nasdaq at +30% to the then share price so around 2 quid". I don't want to sou d offensive but there are a complete bunch of crackpot here who are so blinded with what they want to have happen, they then start shouting troll and boatman to the few sane people.
I don't like the idea of s17's going into Helios because itwill do little to boost the hashrate. Lowering the cost base is great but that's not what everyone was wetting themselves over with the heilos facility.. It was around the massive increase in hashrate we would get from a new 200mw facility. If its filled full of old existing machines then what was the point other than spending 80 million to lower the cost base a bit.
The board has turned into utter madness.. People are shouting about how amazing it all is whilst the market looks at it and goes "meh". If today's RNS was a simple swap of old for new at no cost then surely the SP would of shot up.
@argobull
"Chuz, the 17 series are next and then you get to admit you are wrong - start preparing."
Ive said if/when they do that I sell up completely, because if that's the strategy then it's best to just get out as the company will exist to basically just pay its staff.