Member Info for the_Chuz

"Ignore the Chuz. He’s a bitter loser who has nothing better to do than bash Argo from dawn till dusk. No one knows why he bothers. (Probably paid to do so)."

You don't know me.

@theeduke

"Excellent news - Chuz must be gutted . . hahahaha ha"

About what?

@mrwhite

"For gods sake shut up !"

No.

It's good to see that Argo transparency again.

Instead of making thier gone wrong tictoks maybe they should communicated relevant company information.

I would say that argo is in the bottom 2 for transparency.

Another 50k gone then :-)

One thing that is a suprise is a water sprinkler, which I assume is for fire suppressant, if it is I'm just suprised it's water and not gas considering the electronics.

I have to admit, I think I've seen too many things being built so diggers, concrete and cranes dont impress me these days.

I was once part of a comissioning crew for a project out in Saudi, much bigger building, bigger budget and all round more complicated and sophisticated, a prefab hanger with electrical hook up in particularly worth frequent videos.

But, I can see how some will like them so each to thier own.

"Anyone worried about the massive double top pattern forming in bitcoin? Crucial it doesn't get near 25k else the possibikity alone will sink it"

But extreme even for me. Ha

"PI suckage. Well played IIs."

Yea it's only 3.5% down on nasdaq whilst the other miners are up, but it's OK, let's keep pretending a falling share price is just what we are after.

"Clsk now up 60+% in a week"

Yea but we've got smart growth and transparency.

Btc and other miners doing OK on the news, u fortunately its just arho that's a dead duck.. If we have a btc run up again like last time I hope that argo doesn't just sit on the sidelines like last time too.

If the funding gets resolved and it still performs like last time then it will be time to just walk away

@Argobull

"Chuz, I obviously hold a different opinion to yours."

Yes and believe it or not I fully respect that along with your opinion being equally as valid as my own thoughts. At the end of the day we just don't know what's going to happen or the ramifications whether they be positive or negative.

All just opinion and if everyone just had the same opinion as me all of the time there would be no point posting.

I'm only here to chew the fat in between doing some dull real life work. I'm actually not here to annoy folk that's just a by product of having opinions.

"How on earth could that be seen as disaster? The 17 series have been horribly unreliable due to heat issues that get solved by immersion. On top of that you get cheaper electricity, extra hash rate, consolidated staff, freed up funds for re-investment."

The 17s are rubbish.

Ita a brand new 200mw immersion facility which costs close to 100million to build, the company listed on the nasdaq to raise the funds for it. It is expected to be as good as it can get.

If we fill it full of half burnt out s17's the world should rightfully laugh at us. If we move some machines around and do not actually buy more the world should rightfully ask what was the point (other than a reduction in electricity costs which will be spend on promo videos and swimming pools).

The market doesn't seem to care if your power cost is 1ceny less than your competitors it seems to care about how many btc can you mine a month.

If the plan ends up like you suggest then, in my opinion the share price will collapse and a new management team will have to be brought in or it will just be bought out.

Time will tell

@argobull

"Yes we currently have about 100MW worth of machines in our 1.6 EH. I calculate around 75MW's worth (Quebec plus our Core Scientific hosted S19's). When you overclock, it draws increased power (roughly in line with machine specs), so if they were overclocked as per what I wrote before (25-50), then this would fill 100MW and increase from 1.6 to 2.2ish."

In all seriousness if that is the game plan I do not think the market will take it well. Just moving some machines around and a bit of overclocking (especially since it will be in trial stage) would be pretty disaterous, the downtime of moving machines and getting them set up probably wouldn't be worth the electric price difference and then to not really increase hashrate with the 100/200mw of power except the 20k s19s would be a monumental disappointment.. I'd sell what I have left immediately.

@Hexam

"AB - that's worrying as the original estimate was $80m."

There were a couple of you tubers that believed the costs had over ran, I'm not sure where they got thier data from though. One of the guys was a quantity surveyor and was expecting a significant shift from budget due to raw matetial costs. Materials went up atleast 25% during the build period but again I don't know the effect if any it had.

Well, we've just gone through 45k so it's having another go at it. Who knows if it will stick this time!

"Risks I see are:
We get bought out as we are crazy cheap just now.
Macro environment risks (crash/war/etc)."

Funding.. Just saying :-)

@flowerpot

"I'm not going to dare ask how much this movie will cost :)"

Haha a lot cheaper than the promos, I'd do it on my phone Blair Witch style and the scripting can be ad lib - mocumentuaty movie thing.

I would even include K3V but he would just be represented by a green box with ear defenders on. Theduke would be that loads'a money guy from Harry Enfield... The possibilities are endless ha

"One claims he is short on ARB, ones not invested, one claims to be invested but hates the world, one has issues with disabled people and so on and so on. Little group of odd pals."

Haha, that actually made me chuckle.. It reminds me of the film "mystery men".. Just a random selection of misfits haha.

Maybe we could make a movie out of it...and yes I know I'm probably included in that group, still funny though.

@Argobull

"Chuz why do you care you don't even own any Argo?"

Again a false statement, I used to be 100% invested in Argo which obviously didn't work out well for me but now I have a lot less.. I've said this loads of times so statements like I'm not invested just irk me as they are just a lie.

I have also said that when the funding is sorted out I expect the share price to fall around 20%, at that point I will buy in heavily.

I've been pretty consistent with what I've said.

Correction.. At 2 a week it would be 2 million spent or 48 btc sold

@Jamsey

"I wish Argo would make two videos like this every week. 52 x 2 x £6.5k = £676k bargain!"

Everyones different I suppose.. That 6.5k was for literally someone talking into a camera... I reckon its between 15-20k for each of those videos.

That would make two a week around a million dollars.

Or if we wan tto look at it a differnt way, the same as selling 24 btc.

I just don't like the BS of it all, videos and swimming pools when they should be buying rigs