^
Old hardware is just replaced for more efficient. We, shareholders, get lower hosting cost.
(I'm very glad if CryptX is able to buy new, efficient, hardware, with only selling old ones)
Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 106. (Read 565833 times)
I am not sure if this was answered or not, but where are the proceeds from the sold hardware going? Shouldn't those either be issued as dividends or withheld to pay for this new hardware? But I do not see the answer as to where the proceeds will go from the update.
If the complete IPO (33K shares) sells out, dividends have to be paid on 6th.
In last update CryptX said, we are hashing at 1156th (77000 shares), and adding new hardware as new shares are sold in IPO, until 31st.
In last update CryptX said, we are hashing at 1156th (77000 shares), and adding new hardware as new shares are sold in IPO, until 31st.
We're getting exactly 15GH/s, everything above that is pocketed by PetaMine.
Well, the deal in new IPO is 15G/s per share sold, so I can not blame them for private hashing with the rest of hardware (if they already bought 1500TH). Me neither. I guess I just take offense at the last line of their mail "Now let’s sell this IPO." ("... or don't cause we don't really care either way at this point!")
I don't think that is accurate. As far as I understand it, if the IPO sells out, dividends will start being paid immediately. If not, they will be withheld until the hardware cost is recouped.
We're getting exactly 15GH/s, everything above that is pocketed by PetaMine.
Well, the deal in new IPO is 15G/s per share sold, so I can not blame them for private hashing with the rest of hardware (if they already bought 1500TH). Me neither. I guess I just take offense at the last line of their mail "Now let’s sell this IPO." ("... or don't cause we don't really care either way at this point!")
We're getting exactly 15GH/s, everything above that is pocketed by PetaMine.
Well, the deal in new IPO is 15G/s per share sold, so I can not blame them for private hashing with the rest of hardware (if they already bought 1500TH). 
Brilliant, back in business!
We're getting exactly 15GH/s, everything above that is pocketed by PetaMine.
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The stats page is fixed I guess, at least for me, currently hashing at 1310 TH / 80183 TH => 1.65 % of global Bitcoin network.
YipYip
YipYip
Stats are fixed. As predicted, IPO sales have ticked up slightly. On the downside, I'm not able to confirm 1310. I'm seeing 1250 for the hour avg, and 15 min interval is 1235 and decreasing. Nothing to worry about imho. Keep it up CryptX. Looking forward to the div faucet turning back on.
So we get above 15GH/s. 1250Th/s /77095 shares ~~ 16GH/s ! This is amazing! People who are waiting to get in after IPO ends, will end up paying premium...
The stats page is fixed I guess, at least for me, currently hashing at 1310 TH / 80183 TH => 1.65 % of global Bitcoin network.
YipYip
YipYip
Stats are fixed. As predicted, IPO sales have ticked up slightly. On the downside, I'm not able to confirm 1310. I'm seeing 1250 for the hour avg, and 15 min interval is 1235 and decreasing. Nothing to worry about imho. Keep it up CryptX. Looking forward to the div faucet turning back on.
Quote
Dear Unit Holders,
We crossed a historical milestone today! From now on we can use our name PetaMine in the true sense of the word. We have surpassed 1 Peta Hash in hash power. In fact, we are currently hashing at 1,156 TH/s or 15 GH/s per unit.
We have already sold +10,000 shares at this IPO. Until the closure of the IPO this Sunday, we will immediately add 15 GH/s to the PetaMine per remaining unit sold.
You can follow the hash rate of the PetaMine here: www.peta-mine.co/stats
Now let’s sell this IPO.
We crossed a historical milestone today! From now on we can use our name PetaMine in the true sense of the word. We have surpassed 1 Peta Hash in hash power. In fact, we are currently hashing at 1,156 TH/s or 15 GH/s per unit.
We have already sold +10,000 shares at this IPO. Until the closure of the IPO this Sunday, we will immediately add 15 GH/s to the PetaMine per remaining unit sold.
You can follow the hash rate of the PetaMine here: www.peta-mine.co/stats
Now let’s sell this IPO.
Meh... They're mining with the hardware privately and move 15GH/s per sold share into the project...
The stats page is fixed I guess, at least for me, currently hashing at 1310 TH / 80183 TH => 1.65 % of global Bitcoin network.
YipYip
YipYip
where is the remaining 190 TH? and what about the missing hardware mentioned earlier?
Originally, the mine was going to be 1PH by selling 100,000 shares on BTCT for .65btc/share. That IPO never sold out the first batch of 10k so we received less than 10% of the originally planned funding.
When we moved to Havelock, each share was split 10:1 and we've still not sold out the remaining shares from that original 10k shares on BTCT.
The fact that Cryptx has managed to take that small fraction of the original plan and turn it into a 1.5PH farm in just a few months is fairly impressive. Can't wait to see where we go from here!
When we moved to Havelock, each share was split 10:1 and we've still not sold out the remaining shares from that original 10k shares on BTCT.
The fact that Cryptx has managed to take that small fraction of the original plan and turn it into a 1.5PH farm in just a few months is fairly impressive. Can't wait to see where we go from here!
The stats page is fixed I guess, at least for me, currently hashing at 1310 TH / 80183 TH => 1.65 % of global Bitcoin network.
YipYip
YipYip
Hoping for an update or a fix of the stats page 
+1
IPO sales will increase when the chart is fixed.
Hoping for an update or a fix of the stats page
I agree with you, but only 5'ish days left until the IPO is over. So getting the word out there is pretty important. Don't want our divs held back for to long. 
Let the meal get cooked and looks ready to eat and then present it.
I'm mildly excited as have learned to be callously optimistic in everything related to bitcoin!
I'm mildly excited as have learned to be callously optimistic in everything related to bitcoin!
@cryptx
We should really have an update on havelock investments on the current progress with the increase of hash power being added. Many people do not check these forms and an update may very well attract some potential buyers not paying attention to stats or forum posts.
We should really have an update on havelock investments on the current progress with the increase of hash power being added. Many people do not check these forms and an update may very well attract some potential buyers not paying attention to stats or forum posts.
Now update the website and fix the charts to let everyone know
Someone mind posting an update at http://www.reddit.com/r/BitcoinStocks/comments/25sf6n/petamine_to_tripple_hashrate_to_1500ths_by_may/? I think it would be better if someone other than me posted in there.
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