Member Info for the_Chuz

@poptimist

"Just hope 20k can hold and the hype put to bed. At $20k
ARB would still be profitable, just not huge."

Ive no idea about price just in it for the ride ha.

BUT I'll give you an anecdotal thought which should help you sleep better tonight.

Throughout the price swings on ETH I've made about the same fiat through its crashes because the difficulty adjusts and I mine more.. The fiat output is actually comparable.

If the a*se fell out of the BTC price then I would imagine people would also start to give up and move onto greener pastures.. This then will be reflected in the difficulty and we would mine more.

As nuts as its sounds, being at 20k might be better for us, think of how many less effecint setups would have to turn off because they cant generate the same revenue, think of the other big players who have debt.. They would need to sell thier btc to stay afloat.

If you can stay debt free then a significant crash over a sustained period would most likely be of benifit to argo.

Better? :)

@rumandpoker

"Good luck Argonauts Monday is a new week let’s get our rewards."

Just them computers running them programs, crazy really.

The same computers and algorithms buy and sell btc so it can go up as quick as it goes down, crazy world.

@dsflat

"Vitalik live stream is crashing the market lol"

I turned it off because it was so many words with nothing being said... It was basically just at noise.

All things considered my money is on some 'normal coms'

All I can say for certainty though is if the share price goes down its PWs fault but if it goes up its my brilliant stock picking.

*maybe an operational uodate then as its an update to progress on goals..

Once again time will tell

During a Quiet Period, a publicly listed company cannot make any announcements about anything that could cause a normal investor to change their position on the company's stock. Normally, that means the company does not discuss any of the following:

New deals or wins signed in that current quarter. Announcements about previously sold implementations going live are allowed but must be explicitly described as such.
Management changes
Progress against company goals
Major product or service announcements
Major partnership announcements
https://en.m.wikipedia.org/wiki/Quiet_period#:~:text=Guidelines,signed%20in%20that%20current%20quarter.

Maybe no operational update then

@limpalong

"I’m 50/50 as to whether we hear anything during this period. There is a line in the explanation of a quiet period that reads - “Management teams must not offer any new information that is not already contained in the registration statement.” The registration statement referring to the SEC filing. I would not be surprised if we don’t hear anything for a while, but I’m fine with that, it is what it is…"

I would take that to be OK for operational updates and any update on things that have already been disclosed like the purchase of machines...

Who know though, if its complete raidio silence for a month then atleast it should be a heck of a RNS when it does come out.

@hexam

"Chuz - I think you're referring to the one that Sprog already replied on and which according to the accounts we have already handed over the money for (£30m+) and are just awaiting delivery."

Yes, I didn't scroll far enough haha, Thankyou both.. I don't know why I can never find stuff.. I'm just as bad looking for other things.

@sprogbarnes

Thankyou, I should of scrolled down 1 more before my previous post haha.

Cheers both.. I knew I didn't dream it entirely

@Hexam

Cheers.. I don't know why I can never find what I'm after ha.
Didn't we have an order placed with someone other than epic too for a good amount of money. I think I need to get my figures back I orders, there's been too many numbers lately ha. I thought we had an order in the region of 30 mil to take us to 1.6 E

My searching skills have failed me again, does anyone know which RNS outlines the purchase of machines and the delayed machines?

@Delacy

"@The Chuz Can i ask how many Gpu's in your bank you have and what would you estimate your profits at ? Very interested to know. Cheers in advance."

Its just a home setup in the garage for now, bit toasty but not so bad now it's not so hot

I've got 4 rigs with a total of 8 gtx 1060, 4 rtx 3070s and 2 rtx 3080s

Generates about £35 per day on ETH, can be more can be less (I. E. The last 24 hours on Ethermine is @ £28)

I was paying 15.6p per kwh but that's now jumped to 20p eww.

All 4 combined run at 2kw so will cost me about £10 per day going forwards. So profit of around £18 - £25 per day. 500 - 750 a month passive income.

The best bit for.me.is when I bring them in around about this time of year, maybe another month or so and heat the house with them. They work really well and the RTXs are practically silent so I am looking forwards to getting them in this year, we're all used to the small hum of the 1060's.

Oh I've also got a gaming laptop running a rtx 3080, I aways forget about that one as its in the dinning room on a deep window cill just chugging away haha.

It started as a hobby, then it got fun and I was earning money. Now the setup is so stable it's quite boring.. I don't touch it for months not even to reboot Windows so less of a hobby now just a good earner.

Of course come Christmas ill have to reevaluate when eth goes pos.. I'll have to see if there are any junk coins I can make money on, if not it was good whilst it lasted.

I have a feeling the 1060s might have to go at that point and just run the RTXs due to effciencies.. Time will tell.

@Delacy

"Batteries are not Computer components. Batteries do degrade fairly rapidly, Computer components do not. Tested a few ex mining gpu's and they only thing they are have been at fault with is overheating slightly reducing clockspeeds marginally. Always cured by changing the thermal paste which degrades faster with constant use."

Too true, I've been running a bank of gtx 1060s at 100% utlisiation 70% power 24/7 for 4 years and they are still going just as good as day 1. I've not done anything with that at all except to blow off some dust when I think about, they have paid for themselves many times over and still have resale value.. Single fan too.

@Lottohopes

"What are you trying to say? The options are granted with exercise price at £1.57/share ie they pay that price. You make it sound like they are issued free. Any of us could buy shares lower than this right now."

Well corrected, I read the RNS but didn't process it correctly. As you've put (and I. Intended) I thought they were freebies as soon as we cross 1.57 but they are options so will have to pay.

Of course they don't actually.pay anything though if they want the cash, they just cash in at x price minus 1.57.

But yes we'll corrected :)

Unfortunatly the existing shareholders are now surplace to requirements, in fact the LSE is. Cash pigs went to slaughter.

PW and team will not batter an eyelid if all the current investors lost loads of money, you served your purpose ages ago now you are actually a hindrance with your vote casting.

As we all know the share price is also pretty irrelevant to the team, yes they will make it rich at £1.57 as Individuals but the actual cash to company has happened now, us buying and selling shares does nothing whatsoever for the company finances.

It's just the way it is, you issue 20% shares and you lose 20% of the individual price. My greed mind kept telling me it would be differnt this time but as we now know it.wasnt.

We will get our money back it.just means waiting for it.

Hopefully now investors will realise that PW was never thier mate, he never had thier best interest at heart, he doesn't 'like' private investors. He is the same as every other CEO that will just burn any investor for the good of the company.

It's the way it has to be otherwise there wouldn't be any company left.

Shareholders do not need to be kept happy, they need to be appeased and steered so they don't block company plans.

PW and the team will make a personal fortune from the shares they granted themselves as a very low vesting price... And if I was CEO I would of done the same as I know the current shareholders arnt to be looked after they are an annoyance to appease.

@monet

"These sell offs are being concealed somehow"

I was watching that earlier... I reckon its big tranches of the IPO being sold on. Which is good because once the IPO flip has been done it will shoot upwards.

I still don't get this share...

Theres an anonymous expert who's doing stuff with minning efficiency.. There's a team looking at it all like a grown up school project.

If the expert is really that good what stops him being employed by a mining equipment company for real money not just the pretend lunch money he is being offered here.

I just don't get what's investable, I would literally be investing in an anonymous person.

There doesn't seem to be anything quantum about it all just an old failing real estate company that has said it will go into crypto.

I'm not even trying to wind you guys up, I just don't get it.

I must admit the sentiment around Argonos so fickle, if it's red its the end of the world and if its green then PW is the messiah. We are second only to the stocktwits guys, some of the viterol they have come outwith directly at PW is gobsmacking. Even a lot of the twitter tweets were boarder line arrestable.

No one likes losing money, I sure don't but the sort of mania around this share is bonkers.

Let's hope for some nice green days so everyone can calm the heck down.

Fair play we are getting battered.. I would like to say that hopefully the might of the US will come into play later but they seem quicker to sell this down than us so I don't think we can rely on that.

Welcome back Chaebol