Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
(For those that don't have an FT.com subscription - the same article is also here for free
https://techilive.in/sec-head-gary-gensler-under-fire-over-crypto-regulation/ )
According to Yahoo Argo actually hit 360.08p, twice on consecutive trading days:
Friday 26th March: Open 215p, Low, 200p, High 360.08p, Adjusted Close 220p.
Monday 29th March: Open 230p, Low, 200p, High 360.08p, Adjusted Close 230p.
https://finance.yahoo.com/quote/ARB.L/history?p=ARB.L
Interesting and thought provoking tweet from Willy Woo last week:
“” The Last Cycle"
What will be this bull cycle top? IMO there is no top.
PAST: *predictable walk* of demand/supply governed by a simple 4yr halvening.
NOW: *unpredictable walk* of demand/supply from a complex ecosystem until we hit saturation. “
https://twitter.com/woonomic/status/1444331560925163526
A Plan B tweet and exchange yesterday:
PlanB. “…Oct price is ~similar to Mar, but fear is still high like June .. good!”
Another poster asked: “Why is this good when sentiment is low?”
PlanB replied: “Because sentiment lags price”
More Brazilian info. here:
Brazil, whose economy’s GDP is 1.4 Trillion USD, are planning Bitcoin to be used as currency this year.
"Bitcoin will be currency in Brazil soon," says Federal Rep. Aureo Ribeiro
Bill that regulates Bitcoin should go to the plenary of the Chamber of Deputies in the next few days.
Bitcoin law in Brazil will give of advantage, according to Aureo Ribeiro, will be the purchase of products and services with cryptocurrencies, such as a house, car and even a McDonald's, highlighted the federal deputy.
For Aureo Ribeiro, the bill that regulates cryptocurrencies should go to the Plenary of the Chamber of Deputies within the next few days, that is, Bitcoin may still be recognized by Brazil in 2021.
According to him, the situation has government support and has already been aligned with the president of the Chamber of Deputies Arthur Lira (PP-AL), so there are no barriers to its approval.
Note: This is the Google translation of the original article, link below:
https://livecoins-com-br.translate.goog/bitcoin-sera-moeda-corrente-no-brasil-em-breve/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB&_x_tr_pto=nui
Average Mining Difficulty for whole month: September was 18.42 TH, August was 15.59 TH.
Argo mined 206 BTC in August.
30 days in September vs 31 days in August.
Expect (30/31)*206*(15.59/18.42) = 168.7 BTC mined in September.
(Assumes efficiency has not dropped which would decrease BTC mined, and/or new miners not yet installed which would increase BTC mined. Maybe one balances the other - roughly?).
A few hours ago PLanB tweeted:
"On-chain analyses finished tonight: IMO we are midway, no sign of weakness (red) yet. Note color overlay is not months to halving but an on-chain signal. My guess: this 2nd leg of the bull market will have at least 6 more months to go."
https://twitter.com/100trillionUSD/status/1444228421228417024
@Lottohopes , the confirmation you were trying to recall that Argo are going to be host renewable power generation at Texas is in this video, published 17th August, from PW.
See the slide at 2 mins 35 secs, which states:
“Argos Climate Roadmap.
Expansion Begins in West Texas.
Argo purchases “Helios” project in West Texas to use renewables nearby and host renewable power generation at site. “
https://www.youtube.com/watch?v=angeBp-fxCs
@philg65, remember those monthly PlanB figure, 63k Oct, 98k Nov, 135k Dec, are only his floor (worst case) figures.
(If you scan back through his tweet replies you can see he did post an upside figure for December too. I won't publish that here).
@Hexam. My error, and a good spot and challenge, apologies.
I confused and conflated Mining Margin with Mining Efficiency .
I agree with you wholly and that Mining Efficiency should reverse with new machines too.
Thanks.
It is an impossible question to answer John.
Why? It is a result of 3 main variables:
1. BTC Mining Difficulty.
The horizon for forecasting (not actually knowing) this is only a few days, whereas you are asking a question for a horizon which is 6 weeks away.
(Note: Current mining difficulty is 19.00 TH, and next forecast change is to 19.48 TH in the horizon of only 4 days time.)
2. Mining Capacity.
How much of the additional mining capacity is installed and running on each day between now and mid-Q4 (mid-November) is, and will be, unknown to us too.
3. Mining Efficiency.
We can see the progression of this from the monthly operational updates and it has been improving, to the credit of ARB.
So, unfortunately you are not really asking a useful question.
To how much of an extent do we now think ARB is a "Leveraged" play on BTC?
So, (today) BTC = 41.5k now, and ARB = 122p
If (x2 from today) BTC = 83k, what do we think ARB = ?
If (x3 from today) BTC = 124.5k, what do we think ARB = ?
Thanks for any contributions and thoughts.
Thanks K3VMC. Apologies, I did not know that China were just choosing to reiterate their old position, and so it is not new news.
Found the link to confirm that now:
https://www.trustnodes.com/2021/09/24/bloomberg-publishes-fake-news-on-bitcoin-as-china-prints-100-billion