I dont get it, cryptx was suppose to buy all the remaining share at the end of the week.
End of last week, and only remaining shares in first batch. 
Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 101. (Read 565833 times)
Why does it matter how many shares are sold in IPO? We now have 15GH/share, so what would be the benefit?
The more shares sold in IPO, the less CryptX has to pre-finance, we currently pre-financed 964 BTC. If and additional 10,000 shares are sold in IPO, the loan would be reduced to 530 BTC, with complete IPO sold out, this would mean, no loan has to be paid back.
The more shares sold in IPO, the less CryptX has to pre-finance, we currently pre-financed 964 BTC. If and additional 10,000 shares are sold in IPO, the loan would be reduced to 530 BTC, with complete IPO sold out, this would mean, no loan has to be paid back.
Ah ok that makes sense. It would have been more motivating for investors if we were clearer about this early on imho.
Dividend payout will resume next Friday (June 6th)
Sweetness-sauces.
...we propose to alter the dividend / reinvestment ratio to 50/50.
Huh? Lol. Define "propose." In this context, I think it is used to replace the following term with "will."
Maybe it's a good thing though idk. Bring in the numbers with the new ratio plz boys. We need to evaluate this move.
I dont get it, cryptx was suppose to buy all the remaining share at the end of the week.
Buying shares for themselves = we don't have to pay for the pre-financed hardware ?
I am missing something ?
Cryptx, what have you done so far to promote your IPO ?
Buying shares for themselves = we don't have to pay for the pre-financed hardware ?
I am missing something ?
Cryptx, what have you done so far to promote your IPO ?
So it should be 964 - 310(reimvestmemt founds from last week and before) - 250 (around from this week)= 404 to pay for loan am i right?
From email
Dear unit holders,
As the IPO is running towards an end, we would like to inform you about where we are and what is going to happen.
Current Status:
Currently, about 11,085 units are sold during IPO, which brings the total of outstanding units to 77,291. We increased hashrate from 7.55 GH to 15 GH/share on Monday, which brings the total hashrate of PetaMine to 1159 TH/s.
Why does it matter how many shares are sold in IPO? We now have 15GH/share, so what would be the benefit?
The more shares sold in IPO, the less CryptX has to pre-finance, we currently pre-financed 964 BTC. If and additional 10,000 shares are sold in IPO, the loan would be reduced to 530 BTC, with complete IPO sold out, this would mean, no loan has to be paid back.
What will happen after IPO?
Dividend payout will resume next Friday (June 6th), we propose to alter the dividend / reinvestment ratio to 50/50. So 50% of net mining revenue will be paid out as dividend. The remaining 50% will be used to repay the loan of 964 BTC CryptX has pre-financed to pay for new hardware, after that funds will be used to further expand PetaMine.
Team CryptX
Dear unit holders,
As the IPO is running towards an end, we would like to inform you about where we are and what is going to happen.
Current Status:
Currently, about 11,085 units are sold during IPO, which brings the total of outstanding units to 77,291. We increased hashrate from 7.55 GH to 15 GH/share on Monday, which brings the total hashrate of PetaMine to 1159 TH/s.
Why does it matter how many shares are sold in IPO? We now have 15GH/share, so what would be the benefit?
The more shares sold in IPO, the less CryptX has to pre-finance, we currently pre-financed 964 BTC. If and additional 10,000 shares are sold in IPO, the loan would be reduced to 530 BTC, with complete IPO sold out, this would mean, no loan has to be paid back.
What will happen after IPO?
Dividend payout will resume next Friday (June 6th), we propose to alter the dividend / reinvestment ratio to 50/50. So 50% of net mining revenue will be paid out as dividend. The remaining 50% will be used to repay the loan of 964 BTC CryptX has pre-financed to pay for new hardware, after that funds will be used to further expand PetaMine.
Team CryptX
4. Explain situation with voting, why You ask for vote only shareholders > 5%, it can be use for insider traiding.
That said, If we can still make our regular profit (1 to 2% weekly), I don't really care that someone else is doing way more than that.
Could You please spend some time to finally answer questions?
Cryptx,
Still not answered questions:
1. Why we are hashing at 466TH instead of 503 mentioned in prospect?
2. Why there is 27 Dragon miners in prospect when according to Your weekly updates about our re-investment found we bought 39, for what we spend 220btc?
3. What option of refund from cointerra will we have or maybe it was delivered already?
Cryptx,
Still not answered questions:
2. Why there is 27 Dragon miners in prospect when according to Your weekly updates about our re-investment found we bought 39, for what we spend 220btc?
3. What option of refund from cointerra will we have or maybe it was delivered already?
And new onces:
4. Explain situation with voting, why You ask for vote only shareholders > 5%, it can be use for insider traiding.
5. Did havelock own shares of PETA?
6. How will You use money from selling gear? It will be used as our re-investment founds, so loan left - found from selling miners = loan to pay after IPO or no?
Looking forward for end of IPO, new updated prospectus with correct info on shareholder voting power, reinvestment funds showing something, dividends starting to be paid again.
Then I'll decide what to do.
I missed the train for multiple reasons, but I can still take the next one, if shows the right things.
Then I'll decide what to do.
I missed the train for multiple reasons, but I can still take the next one, if shows the right things.
I for one am really excited to see where things go from here! I can't wait to see those dividends come in. I'm a long term investor myself both on peta and bitcoin.
hero member
Activity: 617
Merit: 509
Crypto Card - https://platinum.crypto.com/r/28cz7d
I own a few hundred shares, but far less than 5%. I am very satisfied with how PETA is being run. Cryptx seems to be genuinely interested in making this project a success. I understand the hash rate/difficulty and how it will affect the mining. I am surprised that the current network hash rate is not above 100,000 TH/S. I have owned various mining shares over the past couple of years and understand the importance of updating equipment at crucial times and reinvesting to keep up with difficulty increases.
Basically you will know you are successful in keeping up with difficulty if the weekly dividend per share remains relatively constant over time. It is vital to have a dividend/reinvestment ratio that ensures the dividend will not drop due to difficulty increases. I would have no problem increasing the amount to go toward reinvestment.
It seems that some investors may simply want to see a huge weekly dividend so that the share price will rise and they can sell out and make a big profit at the long term expense of the project. IMO mikemikemike was pumping this project and constantly trying to drive up the share price a month or so ago simply to sell out. Now that he has apparently sold all his shares he has nothing but bad to say about PETA. It is wise to have only large > 5% shareholders vote, so that we can eliminate the self-interested pump and dumpers that do not care about the long term success and are only here for a quick buck.
Hats off to Cryptx for the fine work being done to ensure the long term success of Petamine!!
Basically you will know you are successful in keeping up with difficulty if the weekly dividend per share remains relatively constant over time. It is vital to have a dividend/reinvestment ratio that ensures the dividend will not drop due to difficulty increases. I would have no problem increasing the amount to go toward reinvestment.
It seems that some investors may simply want to see a huge weekly dividend so that the share price will rise and they can sell out and make a big profit at the long term expense of the project. IMO mikemikemike was pumping this project and constantly trying to drive up the share price a month or so ago simply to sell out. Now that he has apparently sold all his shares he has nothing but bad to say about PETA. It is wise to have only large > 5% shareholders vote, so that we can eliminate the self-interested pump and dumpers that do not care about the long term success and are only here for a quick buck.
Hats off to Cryptx for the fine work being done to ensure the long term success of Petamine!!
Share price stays the same and dividend doesnt not decrease - the perfect investment! I dont understand the whole fuss about voting at all! We got more than expected, way more than expected, isntead of 8.6GH/s ended up to 15GH/s that are currently hashing...
I own a few hundred shares, but far less than 5%. I am very satisfied with how PETA is being run. Cryptx seems to be genuinely interested in making this project a success. I understand the hash rate/difficulty and how it will affect the mining. I am surprised that the current network hash rate is not above 100,000 TH/S. I have owned various mining shares over the past couple of years and understand the importance of updating equipment at crucial times and reinvesting to keep up with difficulty increases.
Basically you will know you are successful in keeping up with difficulty if the weekly dividend per share remains relatively constant over time. It is vital to have a dividend/reinvestment ratio that ensures the dividend will not drop due to difficulty increases. I would have no problem increasing the amount to go toward reinvestment.
It seems that some investors may simply want to see a huge weekly dividend so that the share price will rise and they can sell out and make a big profit at the long term expense of the project. IMO mikemikemike was pumping this project and constantly trying to drive up the share price a month or so ago simply to sell out. Now that he has apparently sold all his shares he has nothing but bad to say about PETA. It is wise to have only large > 5% shareholders vote, so that we can eliminate the self-interested pump and dumpers that do not care about the long term success and are only here for a quick buck.
Hats off to Cryptx for the fine work being done to ensure the long term success of Petamine!!
Basically you will know you are successful in keeping up with difficulty if the weekly dividend per share remains relatively constant over time. It is vital to have a dividend/reinvestment ratio that ensures the dividend will not drop due to difficulty increases. I would have no problem increasing the amount to go toward reinvestment.
It seems that some investors may simply want to see a huge weekly dividend so that the share price will rise and they can sell out and make a big profit at the long term expense of the project. IMO mikemikemike was pumping this project and constantly trying to drive up the share price a month or so ago simply to sell out. Now that he has apparently sold all his shares he has nothing but bad to say about PETA. It is wise to have only large > 5% shareholders vote, so that we can eliminate the self-interested pump and dumpers that do not care about the long term success and are only here for a quick buck.
Hats off to Cryptx for the fine work being done to ensure the long term success of Petamine!!
Let the >5% vote on that.
UPDATE: Ok it was a restart I guess
Looks like they voted the right way. Again.
Indeed. Those >5% guys really know what they are doing. Aaaah, if only I was a >5% guy.
Wait, that means I would have 376 bitcoins.
Wow.
Let the >5% vote on that.
UPDATE: Ok it was a restart I guess
Looks like they voted the right way. Again.
Let the >5% vote on that.
PETA IS DOWN!
http://www.peta-mine.co/stats/
UPDATE: Ok it was a restart I guess.
It was down for like an hour
http://www.peta-mine.co/stats/
UPDATE: Ok it was a restart I guess.
It was down for like an hour
I am happy with the decisions and progress with this project. Anyone reading this thread needs to consider the agendas of those who seem upset at how things are developing. Bitcoin securities are the riskier end of high risk. Do your own research; have the courage of your convictions.
Lol, welcome to the forum, Door!
Thanks for sharing your enthusiasm in this offering, and for warning us about folks with hidden agendas! I know you yourself are srsly legit 'coz shills have to wait 'till the *third* post before doling out helpful advice--you did it in your second
Lol at Havelock coming into this thread, commenting when its not their thread, and causing a shitstorm for cryptx to deal with.
Just lol
Just lol
Hmmm... is it me (which it may be) or does it seem like we are not mining much more BTC per week.. at current we have mined a total of 185.17779368 BTC. I know we are going to go above 200BTC but really how much more? I wonder...
I am happy with the decisions and progress with this project. Anyone reading this thread needs to consider the agendas of those who seem upset at how things are developing. Bitcoin securities are the riskier end of high risk. Do your own research; have the courage of your convictions.
Inspired by having just finished a marathon session of Columbo - The Complete First Season
and few glasses of Stolichnaya I came up with a genius solution to benefit all shareholders
credit to a deflated member of frycats fan club for original idea.
We stick together in these tough times because it's what makes us strong
This is a great idea. Message sent.
So in short - I am starting a Pass-thru on havelock.
together we can own 5% and put and end to this womanly games
Of course we canot retroactively verify these dubious claims
but we can proof in future whether we do or do not receive voting rights which we the people entitle to
simply transfer shares to the following address in havelock system: [email protected]
the rest is handled automatically.
and few glasses of Stolichnaya I came up with a genius solution to benefit all shareholders
credit to a deflated member of frycats fan club for original idea.
We stick together in these tough times because it's what makes us strong
Since a boardmember requires 5000 shares and it is stated nowhere
that a boardmember is required to be a natural person I suggest
that minority shareholders with sufficient stake agree to pool
their shares into a groupentity.
There should be more then enough people that have 100 or more
direct shares to also get one seat together. I suggest that the
person to become boardmember shall be elected representitive
for this group by votes per direct shares per group member.
Your control of your shares shall not leave you, all that will be
required is a signed message to agree to form the group and
give boardmemberstatus to group by proxy.
Anyone interested can contact me.
Editing: Grammer and spelling
Second edit: Maybe 50 shares is fine, too?
Also 1/5th of required shares are allready interested
that a boardmember is required to be a natural person I suggest
that minority shareholders with sufficient stake agree to pool
their shares into a groupentity.
There should be more then enough people that have 100 or more
direct shares to also get one seat together. I suggest that the
person to become boardmember shall be elected representitive
for this group by votes per direct shares per group member.
Your control of your shares shall not leave you, all that will be
required is a signed message to agree to form the group and
give boardmemberstatus to group by proxy.
Anyone interested can contact me.
Editing: Grammer and spelling
Second edit: Maybe 50 shares is fine, too?
Also 1/5th of required shares are allready interested
This is a great idea. Message sent.
So in short - I am starting a Pass-thru on havelock.
together we can own 5% and put and end to this womanly games
Of course we canot retroactively verify these dubious claims
but we can proof in future whether we do or do not receive voting rights which we the people entitle to
simply transfer shares to the following address in havelock system: [email protected]
the rest is handled automatically.
This sounds like a great idea, anyone else want to do this? I have 200 shares, 1/25th of the way there.
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