Member Info for the_Chuz

Luxor always just sounded like Nice Hash but specifically for industrial miners. I'm not sure how useful their tech will be when eth mining stops in December as eth goes proof if stake.

Btc been drinking tonight it's all over the place.. Doing a nice rise right now after the flash crash... Nuts

@HarChris
"Well without a big placing/large refinancing Argo would currently be a stalling bitcoin miner losing significant ground in the hash rate stakes with no means to build Texas - so either Texas would have been scrapped and the share price would be lower due to a poor growth outlook or you'd have the threat of a placing looming large which would probably have pushed the share price even lower than it already is."

I agree with most of that except I think a share issue on the lse would of done the same damage but recovered much faster and we wouldnt have all of the associated costs with nasdaq

"Went down as low as $56400 before shooting back up"

Wah that low? It's a shame as it undermines it as a store of wealth.

Anyone see that flash crash again in btc? I see a drop to 58k but don't know if it went lower.. Who did what?

Currently 117p equivilant on nasdaq, every rise constantly gets sold down.. Quite boring

@toger

"That’s it, Chuz is one of us now, he’s turned to the dark side :-o"

Hahaha no chance, I still think its a completely duff company I don't believe in anything that it is doing or has done. I just want you lot to believe in it so I can take your money.

"Irritating Chuz just doubled his holding"

I like that hahaha actually made me chuckle in real life.

Ive only got just over 100k shares, it's just beer money that I won't bat an eye lid over if it halves in the morning.

It is a bit crazy to be nicely in profit within a couple of hours.. I look forwards to selling

@dsflat

"Sounds more like another Toad slipping into the chat to offer advice about when to get out lol"

Dont worry, I usually only whinge about stuff where I think it should be better performing or really don't like the direction it's taking.

Im starting off here thinking it's a proper POS and just want to trade against holders so I can't whinge about it at all as if it flops whilst I'm still holding then tough on me as I think it's junk.

Of course my buy in would of helped nudge the price up.

@rodetrades

"Sounds like your probably going to get burnt quite regularly if that is your approach to investing"

Ironically it's not my usual approach, in 20+ years of investing its probably only the second time ever.. First was NTOG and no that didn't turn out well haha

@Rodgertrades

"Sea of blue atm, buying is relentless"

Now don't get too excited, even I have bought in and I think the whole company is practically worthless and not an investment opportunity at all.

BUT I have 'Invested' so I can hopefully take some of the other investors money via a short term hold and sell.

If others are doing the same as me it will come crashing down when it starts, my goal is to not be left holding the bag but to make some money of the crazy mentalities here.

I have no wish to hold this stock (which I consider junk), I just want your money, and I hope I can get out before it comes down around my ears, if not, so be it., its the risk I'm taking.

@Loladea

"It's dropping further after your message.

Again keep that stuff to their board."

They get upset though when I call thier stock a steaming POS.

Now what is interesting to me though is that I'm already flicking in and in and out of profit (tiny blue). Which means maybe I have my whole invested strategy wrong, don't try and pick companies to invest in, just trade high volume direction... I'm going to be doing some thinking tonight.

Forgive me father for I have sinned, I've just bought some POS QBT just to see if it bounces and I can make some pocket money.

I need to get out ASAP but I'm gonna see if I can take some of the crazies money. I've already regretted buying it hahaha that's what happens when I get bored.

I'm now a QBT'er, I feel dirty but I see it like going into the sewers to pick up a coin. Let's go Qundum Bootlace Tertiaries!

And just one last thing before I leave it there...

Even though I know its technically accurate, how on earth can I take any rns seriously which starts a sentence with..

"Once the Golden Nonce is found"

Haha, to be honest i might even sell some argo and buy some qbt back when it's 1.5p so I can just take other investors money on a pump.

@DSFlat

Just a quick question, we'll 2 really...

That rns article you linked to states
"more accurate results, including an overall perce tage improvement will be avaliable when Asics ultra boost is implemented in hardware"

Does that mean the patent is purely based around software theoretical modeling and not any actual mining?

Secondly, does the optimisation have the same effect like when I tune my car from 180bhp to 240bhp and dont upgrade the transmission clutch and brakes, I. E. I burn it all out quicker. What am getting at is does the 7% improvement (theoretical at this stage) take 10% of life expectancy out of the equipment?

Is QBT a quantum computing company, a software and cryptography company or a asics chip designing company?

Poor QBT'ers, starting to feed on themselves with a 20% drop.

Poor QBT'ers, starting to feed on themselves with a 20% drop.

@Fireblade

Maybe they just don't like swimming pools.

@Hexam

"Agree Chuz - but both these things don't have to wait until the end of the quiet period as a rigs purchase has already been announced within the quiet period and an update on rig installation has also been given (admittedly not very solid)."

Ahh yes thats true, those 20k S19s were announce in the quiet period.. Oh well that's popped my hope bubble ha.

With that in mind what is the point of the quiet period of the company can release promotional videos, give operational updates and notify the market of future acquisitions. What is left that can't be said?

@flowerpot

"Yes, I must admit i can't see what people are expecting.
I hope its some thing massive which effects the Sp but it would have to be something we've never heard before"

For me it has to be a rig purchase rns and a solid update on currently installed rigs.

We need the doubtb and delay removed and then an agressive plan to increase hashrate.

There is no point in stalling we need to be up and running, difficulty will continue to increase and the halving will have a dramatic impact.

We could also do with some news on pluto or any other investment that will produce an income, of course any JV with a big name would also be appreciated.