Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) (Read 565837 times)

Nah, MtGox will re-enable withdrawls any day now...
I heard magicaltux is going to update us soon!

Interesting indeed. The same can be observed for hardware manufacturers, cloud mining and exchanges. Only few stay in business for the long run (e.g. hardware: KnC/Bitfury hardware, cloud mining: Genesis Mining, exchange: Bitstamp).

The recent dip seems to rattle the whole Bitcoin ecosystem. It's really interesting, Bitcoin seems to completely change every 2-3 years. Only a few percent of people, services, stocks, companies, etc. truly remain!

I'm selling 2500 units for 1BTC.

Anyone interested? 

Anyone looking to sell me some shares? I need to add a decent profit sharing outfit to my portfolio. Willing to pay a premium.

.00025 is a pretty good deal, they prob  use all the money they made and bought some  coins in this dip  to pay u guys.

Yes, it is...

"Dear Unit holders,

Voting closed with 64% of weighted unit holders who casted their vote. These are the results of the vote:

-   Liquidation of all assets an liabilities of PetaMine: 93%
-   Continue mining: 7%

Based on these results we will go forward with the liquidation of PetaMine and payout a one-time dividend of 0.00025 BTC/unit. After dividend payout, PETA will be delisted from the Havelock platform.

Thank you for being part of this project.


Team CryptX"

Dude, with this bitcoin price PETA is dead...

3 days without transactions

https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6

what's going on???

  so is it a good time to invest here or what?  or should i wait a little bit...

My pleasure jawi

There really isn't even any guarantee CryptX will follow the people's will anyway.  I have a sneaking suspicion the "neverseen shadow investors" votes would far outweigh them :/

I feel bad for anybody that has anything to do with these guys.

Gee, who would have seen that coming?
Oh thats right, I did.

However, if I were a shareholder, Id demand to see some proof and numbers, it seems a little convenient the projected liquidation - contractual liabilities would end up pretty much exactly at current share price.

Thanks for sharing. I was just about to buy some, a few days ago. Glad I didn't.

Looks like Peta 'broke' first.  Most recent shareholder e-mail:
Dear Unit Holders,

Under current market conditions with low BTC rate and rising network difficulty, we have come to a point where mining revenue will no longer cover hosting costs. We would like to present 2 possible scenarios for which PETA unit holders can place their vote (see link below):

1) Liquidation of all assets of PetaMine, this means we will sell all hardware including underlying liabilities with suppliers to a third party. Current liabilities include energy contract until the end of May 2015, which can not be terminated prematurely. We estimate that this option would yield a one time dividend of 0.00025 BTC per unit (dependent on BTC rate and negotiations). After one time dividend payout, PETA will be delisted from the Havelock platform.

2) We continue with the current situation and dividends will be paid if mining revenue covers the hosting costs. This situation will only occur if BTC-rate increases sufficiently. Under current conditions, mining revenue does not cover hosting costs, incurred losses will be compensated from future hardware sale. If losses exceed the market value of the hardware, we remain the right to prematurely liquidate all assets to cover for these losses.

Option 1 is a more conservative scenario while option 2 is more speculative and will only yield value if BTC rate rises significantly and network hashrate remains stable.

Unit holders can place their vote until Wednesday, January 14th 2015, 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder.

Click the link below to place your vote:
https://www.surveymonkey.com/s/7DH52TS

*Obviously two highly unfavorable scenario's for shareholders.  At least CryptX and crew don't lose out on anything regardless of what BTC price does.  They will be sure to take theirs from subsequent hardware sale.  No lose scenario for CryptX (again)

At USD 280 both Cex and Peta generate negative dividends. Wondering who will be the first to lower the maintenance fee

Yeah, it´s kind of misleading if people are too lazy to look up the dividends.

Here are the latest


https://www.havelockinvestments.com/fund.php?symbol=PETA

Agree, havelock should be held liable for providing false yield info on their page and thus misleading their customers. Peta will be over (if they don't lower maintenance fee) at next difficulty growth bigger than 9%, which seems to be already sure. I expect miracluos fees lowering right after diff change anyway :-)

They see this

฿0.00001231      

727.07%

which of course isn´t the correct annual yield.

Peta yields like 175 satoshi/day which if it´s maintained

makes it a buy at maybe .00020000 - being generous.

https://alloscomp.com/bitcoin/calculator
Next difficulty retarget occurs at block 338687.0 (eta 9.5 days): 45304559740.5 / +11.5% [est.]

https://bitcoinwisdom.com/bitcoin/difficulty
Estimated Next Difficulty:   45,267,844,451 (+11.38%)
Adjust time:   After 1518 Blocks, About 9.6 days

cant belive people are buying  at 6.  must be the rush of  novices that got scam from the other places.  this next diff jump might kill it? or do they get one more.