[BTC-TC] CryptX introduces the PETA-MINE - 18,000 CHIPS IN SEPTEMBER/UPDATE - page 15.

dhenson

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Quote from: FloatesMcgoates on August 29, 2013, 03:31:16 AM

Hmm, at 2.5k initial shares this might not be such a bad investment.

However, the contract clearly states that there would be 50k initial shares - what has prompted this change and what do you plan to do with the other shares? I certainly dont want to invest believing the IPO is 2.5k when there is the possibility of another 97.5k being dumped.

2.5k is actually a reasonable offering, there is absolutely no chance that 50k shares will be sold for this IPO - just take a look at HOSTED-MINING for reference.

I'm confused by that too... The 100 purchase was me, not the issuer.

Mutated btc

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some how i have feeling issuer is buying himself?

FloatesMcgoates

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Hmm, at 2.5k initial shares this might not be such a bad investment.

However, the contract clearly states that there would be 50k initial shares - what has prompted this change and what do you plan to do with the other shares? I certainly dont want to invest believing the IPO is 2.5k when there is the possibility of another 97.5k being dumped.

2.5k is actually a reasonable offering, there is absolutely no chance that 50k shares will be sold for this IPO - just take a look at HOSTED-MINING for reference.

Mutated btc

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hmm,

so we have to wait 3 month until they deploy?

i emailed him, no reply, so maybe you guys know more i think

001sonkit

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Casper - A failed entrepenuer who looks like Zhou

Quote

The first batch will consist of 50,000 shares. CryptX will sell these shares through BTC-TC at a fixed price of 0.65 BTC per share. The sale of the first batch will close when all shares are sold.

You should be issueing a 50k order instead of a 2.5k

cryptx

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Hello All,

We received the 5 necessary moderator 'yes' votes and are ready to open our IPO to the public!

001sonkit

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Casper - A failed entrepenuer who looks like Zhou

Quote from: dhenson on August 29, 2013, 01:50:48 AM

Quote from: romerun on August 29, 2013, 01:43:12 AM

The future of mining is equipment selling. Bullish only a few months sounds like pump and dump.

I was simply trying to say that if they don't keep up with the hash rate with their reinvestment, you can always sell your position. How do you pump and dump an IPO that has 65,000 btc worth of shares left to sell?

Sounds like a dump and dump rather than yours. By the way is it possible to trust someone from nowhere 0.5% of the whole network's coins?!

Labcoin Vs. CryptX, lets see who is more troll

dhenson

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Quote from: TsuyokuNaritai on August 29, 2013, 03:08:24 AM

Quote from: Dexter770221 on August 29, 2013, 02:52:26 AM

It's locked. Why?

Maybe it just says that when issuer gets the 5 votes, so it's now waiting for the issuer to hit the button.

That is the state it WAS in, the issuer has since locked the asset. Possibly because people were placing bids early?

TsuyokuNaritai

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Quote from: Dexter770221 on August 29, 2013, 02:52:26 AM

It's locked. Why?

Maybe it just says that when issuer gets the 5 votes, so it's now waiting for the issuer to hit the button.

dhenson

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Quote from: Dexter770221 on August 29, 2013, 02:52:26 AM

It's locked. Why?

edit... no idea.

Dexter770221

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It's locked. Why?

dhenson

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Quote from: romerun on August 29, 2013, 01:43:12 AM

The future of mining is equipment selling. Bullish only a few months sounds like pump and dump.

I was simply trying to say that if they don't keep up with the hash rate with their reinvestment, you can always sell your position. How do you pump and dump an IPO that has 65,000 btc worth of shares left to sell?

romerun

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Bitcoin is new, makes sense to hodl.

Quote from: dhenson on August 28, 2013, 12:56:59 AM

Imagine for a second the IPO sells out and they deliver mid December @ 20% of the network. Now ask yourself what the btc/share price will be given there are only 100,000 shares.

You will be able to re-evaluate your position and sell for an incredible profit if you should so choose. If they aren't keeping up with the network then you can bail. This isn't till death do you part.

I am bullish on the profit potential, even if it might be for only a few months into 2014.

The future of mining is equipment selling. Bullish only a few months sounds like pump and dump.

cryptograd

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Quote from: dhenson on August 28, 2013, 12:22:46 AM

Quote from: FloatesMcgoates on August 28, 2013, 12:17:36 AM

The IPO is just asking for way too much BTC, I have a feeling this will go the way of Hosted-Mining and end up DOA unless the initial price gets lowered and is replaced by some money from the actual founder in order to get his skin in the game.

If you run the numbers, this is actually a very interesting value proposition. There is plenty of room for growth considering they will be going live with 1PH when the network is forecasted to be around 3.5-4PH translating to an initial 20% of the network.

@ 20% of the network that's 800 btc/day * 65% for dividends = .0052btc/share per day or .0364/week (around 300%/year dividends over IPO price).

edit... As far as skin in the game, they have already stated they will be adding 20% hash rate out of their pockets with the dividends going 100% to investors until .65 is returned.

they will NOT be going live with anything

they will never raise the money

these guys are snakes

001sonkit

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Casper - A failed entrepenuer who looks like Zhou

Quote from: FloatesMcgoates on August 28, 2013, 12:17:36 AM

The IPO is just asking for way too much BTC, I have a feeling this will go the way of Hosted-Mining and end up DOA unless the initial price gets lowered and is replaced by some money from the actual founder in order to get his skin in the game.

If he can do a 1/100 share split, it would be considerable as the liquidity is higher even if this things suck dick after it launches

By the way, good luck on liquidating 0.5% of the networks' coins

cryptx

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Quote from: floatyfish on August 28, 2013, 02:04:31 PM

If they aren't limited to Belgium, where else would they be? If you don't feel comfortable telling us in what country they would be hosted, would you at least be able to give us the EUR/kWH or USD/kWh of where the machines would be hosted?

We are still in negotiation with several datacenters in Europe so no exact price USD/kWh yet.

floatyfish

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Quote from: cryptx on August 28, 2013, 12:27:53 PM

Quote from: HeRetiK on August 28, 2013, 07:10:30 AM

In what range are your electricity costs going to be?

0.20 - 0.10 USD?
< 0.10 USD?

We are targeting < 0.10 USD / kWh
Even though our HQ is located in Brussels for administrative reasons, our operations are not limited to Belgium (Electricity rates in Belgium are in the 0.15 - 0.20 USD range).

If they aren't limited to Belgium, where else would they be? If you don't feel comfortable telling us in what country they would be hosted, would you at least be able to give us the EUR/kWH or USD/kWh of where the machines would be hosted?

cryptx

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Quote from: HeRetiK on August 28, 2013, 07:10:30 AM

In what range are your electricity costs going to be?

0.20 - 0.10 USD?
< 0.10 USD?

We are targeting < 0.10 USD / kWh
Even though our HQ is located in Brussels for administrative reasons, our operations are not limited to Belgium (Electricity rates in Belgium are in the 0.15 - 0.20 USD range).

HeRetiK

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Playgram - The Telegram Casino

Quote from: cryptx on August 28, 2013, 06:41:58 AM

Our vision is that to maintain a portion of the network, we have to take in all factors that contribute to reduce costs. Because of the scale of this project, we are able to get much better prices with manufacturers (chips / boards etc.) than retail customers and deploy hardware in an optimized location with low electricity costs. We will also be using our own mining pool (0% pool fee) that is optimized to improve communication with our miners for maximized hashing results.

In what range are your electricity costs going to be?

0.20 - 0.10 USD?
< 0.10 USD?

cryptx

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Activity: 350

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Quote from: DeathAndTaxes on August 28, 2013, 12:50:30 AM

Quote from: FloatesMcgoates on August 28, 2013, 12:39:16 AM

These reasons are why I am skeptical of companies like basic-mining, cognitive, or peta-hash. It will be very hard to maintain any sort of network percentage and prohibitively expensive to keep up with difficulty increases. Real money is in making machines, not mining with them.

This. There is a limited market IF the entity has an advantage over the retail consumer. Access to industrial space at below market prices? Signed a power agreement for interruptable supply at unbeatable rate <0.04 kWh? Operating in a climate that reduces the need for HVAC? Have a deal w/ manufaturer to buy initial and upgrade hardware at substantially (30%) less than retail?

Optimally it would be all of them combined. A person who has access to couple thousand feet of warehouse space in Canada in a district where with an interruptable contract can get power at $0.035 per kWh and is being offered rigs at $5 per GH/s for Dec delivery.

Our vision is that to maintain a portion of the network, we have to take in all factors that contribute to reduce costs. Because of the scale of this project, we are able to get much better prices with manufacturers (chips / boards etc.) than retail customers and deploy hardware in an optimized location with low electricity costs. We will also be using our own mining pool (0% pool fee) that is optimized to improve communication with our miners for maximized hashing results.

Topic: [BTC-TC] CryptX introduces the PETA-MINE - 18,000 CHIPS IN SEPTEMBER/UPDATE - page 15. (Read 238096 times)