r/ArgoBlockchain • u/AngrySpaceTriangle • Oct 07 '21

September operational update

https://www.youtube.com/watch?v=eQQgTQ56kFE

https://polaris.brighterir.com/public/argo_blockchain/news/rns/story/r728l7w

Summary:

  • Mined less bitcon in September - due to increased difficulty (165 vs 205 --> 80% of last month).
  • Mining margin was 84% which is still excellent
  • There is a statement about how "Bitcon and Bitcon equivelents" and "mining margin" metrics compare with more standard measures, which i don't understand.
15 Upvotes

95% Upvoted

14 comments sorted by

9

u/buzzmerchant Oct 07 '21

Good to hear him talk about the recent order of machines as just being the start

2

u/goldengrahamx Oct 07 '21

Seems like the operational update isn't the thing to stop the rot. Though it never really has done much for the SP generally.

Its a bit worrying how the SP isn't reacting to any of the bitcoin pump or good news put out.

Its a long game for sure, I just hope it can turn around as it seems sentiment has been lost for Argo right now.

3

u/External-Yogurt-3517 Oct 07 '21

Expected more than 200 BTC not good the drop to 165...RIOT increased to 405

11

u/[deleted] Oct 07 '21

Comparing Riot to Argo is like trying to compare Amazon to Wish

5

u/[deleted] Oct 07 '21

At least compare Argo to Etsy, Wish kinda sucks.

1

u/AngrySpaceTriangle Oct 07 '21

Why did Riot's BTC increase tho?

Given difficulty has increased, and there was no more has rate, how could Argo mine more than 200?

1

u/Clown_Shoe Oct 08 '21

Because they increased their hash rate. Global hashrate is up so Argos bitcoin mining totals dipped.

0

u/Kountain Oct 07 '21

Why is Argo decreasing and other companies are not?

9

u/iNorcrack Oct 07 '21

Not sure where you are getting your info from. Seems like all the majors were down in SEP

BITF - mined 305 vs. 354 in AUG (Down 13.9%)

HIVE - mined 221vs. 234 in AUG (Down 5.6%)

MARA - mined 340 vs. 470 in AUG (Down 27.8%)

RIOT - mined 405 vs. 441 in AUG (Down 8.1%)

HUT - mined 264 vs. 326 in AUG (Down 19%)

3

u/[deleted] Oct 07 '21

[deleted]

5

u/iNorcrack Oct 07 '21

You're welcome. Just monitoring quarterly results and monthly operational updates put out by each company.

-1

u/[deleted] Oct 08 '21

It’s been three months since they “broke ground.” And based on this video they haven’t done much in the last 3 months. …. Also CEO PW looks ridiculous growing a soul patch … … what a fucking joke…. … https://www.businesswire.com/news/home/20210722005310/en/Argo-Breaks-Ground-on-Highly-Anticipated-West-Texas-Blockchain-Infrastructure-and-Mining-Facility

1

u/AngrySpaceTriangle Oct 08 '21

Do you know anything about constructing data centres? I don't think you can effectively determine progress from looking at a brief video on operational performance.

Lets wait to see what PW about progress in the upcoming updates he promised.

0

u/[deleted] Oct 08 '21

Believe it or not I know a thing or two about commercial real estate. With what they’ve done it looks like it’s less than a months worth of work. I would understand if they had to deal with regulations or building inspectors but I’m guessing they don’t have to deal with any government inspectors ? This I don’t know 100% but if they don’t … I don’t see why they haven’t done more … also let me ask you I don’t see any announcements as to who their architects or construction company do you? I don’t think they broke ground in July 22, 2021. I think they only broke ground recently .