Member Info for the_Chuz

118p on the bid.. not quite the showpiece joining the nasdaq was supposed to be.

Being flushed Down the toilet.. Fortunately though I think we will get stuck in the ubend amd crawl back. Out

@pedrobull

"I trust PW and his team to do the right thing but to spread the risk I hold KR1 and the ETF DAGB"

I'm absolutely sure PW will do the right thing for the company, he won't give to hoots about doing the right thing by you or any other current shareholder (including those who have just bought in).

He has got the money from us and the newcomers, the share price does nothing in the way of putting money in Argos bank, it only profits investors so we are a noise to be appeased.

@Chaebol

"The last Oder that was cancelled with epic was that to do with immersion cooling?
As you know what PW says has little credence with me and rns and why he says are subject too change."

We just don't know.. PW "couldn't talk about that"

@Theduke

Dont get doing anything silly :)

@longinvestor

"Apart from the calcs on how many BTC this could produce, cost of power etc does this sound about right or have I missed something with these calcs? (I.e. I have no idea on design criteria for immersion rigs or additional power requirements so expect the actual number of rigs to be lower)"

Yea about right, but with 100mw of operational units, with all things being the same today (amount of shares, debt position, btc difficult and price etc) I wod value it at £8.60 per share

Just so you can see the math

100 MW = 100,000 KW
1x Miner = 3.25KW
100,000 / 3.25 = 30,769 machines

Cost of machine = around $4,000

$4,000 * 30,769 = $123,076,923

Even at 3k per machine it's still 92million dollars for 100MW

@longinvestor

About 30,000 machines for 100mw at a cost of around $4k.. $120mil needed for the machines.. Which is more than was just raised in the IPO.

So I know everyone is getting excited about there being 100mw of machines up and running at the end of June 22 I just can't see it.

I think we will end up being a host for a while.. That being said, it is possible via another equity raise or even tapping into the 100mil loan facility.

I just can't see it, my calcs are based on what we have money for now and I put it at £2.40 per share, most probably anywhere up to £3.50 with a bit of hype and excitement factoring whatever happens with texas.

@Chaebol

"Firs half of 2022. I think the first 50 mw comes online then another 6 months for the other 50 mw."

Ive got it in my head from RNSs and PW interview that the first phase of building will be done by the end of June, I got the impression this didn't include machines. Could be wrong, hope I am.

I thought the same splatter haha, never thought I'd see the day where a 2.5% increase made me quit happy.

It's the psychological thing of hitting 17, was only just though in the last minutes... About 125p for us which is still rubbish but not as bad as the 114p it could of been earlier

@lambinator
"Whats the badge next to the name an accomplishment for?…… hhhmmmm"

The ribbons just mean they are premium members, I. E pay a subscription to the site unlike us freeloaders

@kev

Ahhh man, vent as you see fit I reckon, if it helps at all (it doesn't but some anonymous poster on a BB isn't going to convince you otherwise).

@kev

Looks like your punchy sarcasm is in full flow, don't be a meany.

@Hexam

"Personally I think the IPO was the right way to raise funds, especially as it gives better exposure to US investors too, but the size of the discount was very disappointing to say the least. We don't know the whole story though and what is done is done. Key thing now is that we get some news soon on machines as this will have far more impact on finances than any shortfall from an underpriced IPO - if indeed it was underpriced."

That's pretty much my take on it too, it's way better fir the company to raise via shares rather than debt or btc selling. Our shareprice can recover through sentiment whereas btc selling and loans are permenant.

My original share price expectation was 1.10 but I talk myself up from that through greed and hope.

In hindsight the 130 - 140 trading range was where it was going to be pitched at and 20% more shares mean 20% lower price.

It's not nice and I wish I would if trusted my thoughts on it but it is what it is now.

My calcs with the machines installed that we are expecting and getting to 1.6Eh puts the price at £2.40

That's without texas.

The market will wake up to it soon enough

It ain't good.. Another 5.5% down in the US.. At this rate we will open at below 115p.

Are we going back to IPO £1.10 I wonder.

It's not nice to watch that's for sure 165 down to 115 in the blink of an eye, the top ups at the nice and cheap 130p don't look so good now at all.

@600
"@ the_Chuz, "This IPO definatley has not been kind to existing share holders." I think we need to give it time for our operational update and news on new rigs, IMHO. I just hope I get to top-up on Wednesday with these adorable prices. ATB"

Yea it's a waiting game.. I've no more to top up with and to be honest even if I did I probably wouldn't until I know where the bottom is likely to be, every top up seems like a good idea until it just keeps dropping then they don't look like such a good move.

@dsflat

"Well at least Argonauts know what The Golden Fleece feels like ;-)"

That is funny as f*** that needs to do the rounds hahahaha

We do seem to be going down the toilet at about 118p on nasdaq.

This IPO definatley has not been kind to existing share holders.

Another thought...

How on earth have gift cards / tokens ever caught on.. That would be a hard sell in the boardroom.

I'm going to ask you to buy this paper token and maybe even pay a small fee for doing so then you will be able to spend it in my shop... Why, do you not accept fiat?
yes of course we do but you could give it to someone as a gift.
OK, could I not just give them fiat to spend in your shop if they wanted the gift from your shop... Of course you can... Hmmn hahaha

To get gift cards mainstream they would of been at a discount.. I. E. Buy £100 worth of store credit with £98.

The world is just bonkers and us mere mortals are just along for the ride.

@Harchris

Decent post, I liked that, but the key thing to adoption is creating a market.. Yard sticks back in the day would not of been used as currency unless it was mandated that you had to pay your tax with them.

The bigs boys will know this and need to think of a way, a platform or such like that can only be used with btc.

Think twitter, Facebook, ebay, start small and allow the use of btc alongside PayPal, get people use to it and make it more attractive to use btc, once you hit critical mass then turn off the other payment methods.

Now you have intrinsic value to btc because if you want to buy something in ebay (easiest example) then you have to pay in btc

Got another one for you.. £6 in 1970 had the same purchasing power as. £100 today. Its true that btc might fall in value, but it's an absolute fact that fiat gbp will defiantly fall in value