[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 108.

havelock

sr. member

Activity: 328

Merit: 250

Quote from: spartan82 on May 25, 2014, 03:40:52 PM

This is great news I'm very happy with this move, however nothing has been mentioned of the remaining 200th of hardware from our original IPO that never made it online? Plus the hardware we already bought with reinvestment funds... Does anyone know what the story is with all this hardware? Is this just included in the extra hardware bought with funds from the new IPO and included there or are we still getting these units added to the mix to come?

The 200 TH funds were meant for bitmine hardware that was never delivered by the manufacturer. The order was canceled and the funds were used to buy back units of the fund ~ 14,000 of them, thereby increasing the GH/ unit. The current Offering is for the 1PH in new hardware.

DropDead.Be

newbie

Activity: 56

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I wish it were +24 h's

spartan82

hero member

Activity: 658

Merit: 500

This is great news I'm very happy with this move, however nothing has been mentioned of the remaining 200th of hardware from our original IPO that never made it online? Plus the hardware we already bought with reinvestment funds... Does anyone know what the story is with all this hardware? Is this just included in the extra hardware bought with funds from the new IPO and included there or are we still getting these units added to the mix to come?

oma5

newbie

Activity: 37

Merit: 0

this is exciting! Everything points to more BTC for shareholders. I'm glad I bought more just before the IPOs.

Collider

hero member

Activity: 714

Merit: 500

Quote from: ujka on May 25, 2014, 01:40:15 PM

Nice!

Replacing 28nm hardware with more efficient, 55nm hardware Wink

Well, bitfury magic XD

Spondoolies 40nm is also more power efficient than most 28nm chips, so same effect there.

It shows that process level is less important than good routing / smart chip design / (very) custom engines and good implementation.

55nm chips are also way cheaper than 28nm.

CryptX always acts in the best interest of all shareholders

Lets see the massive deployment tomorrow

To the moon! Grin

ujka

hero member

Activity: 630

Merit: 500

Nice!

Replacing 28nm hardware with more efficient, 55nm hardware Wink

Collider

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Activity: 714

Merit: 500

Quote from: pleiotropik on May 25, 2014, 01:12:11 PM

Sunday Surprise! Out with the old, in with the new... Monday should be interesting.

"Dear Unit Holders,

We like to announce that we will start selling all the existing hardware of the PetaMine. The hardware will be replaced by ~20% more power efficient equipment. This means the power draw from the existing 500TH/s will go down by ~20%. The sold hardware will be immediately replaced by the new, more power efficient hardware.

This is another step in optimizing the revenue of the PetaMine project.

The equipment will be sold on the website www.asic-hardware.com.

Regards,
CryptX Team"

That is a good decision, it will allow us to extend the bitfury deal and get atleast the same hashpower, but more power efficient.

pleiotropik

full member

Activity: 144

Merit: 100

Sunday Surprise! Out with the old, in with the new... Monday should be interesting.

"Dear Unit Holders,

We like to announce that we will start selling all the existing hardware of the PetaMine. The hardware will be replaced by ~20% more power efficient equipment. This means the power draw from the existing 500TH/s will go down by ~20%. The sold hardware will be immediately replaced by the new, more power efficient hardware.

This is another step in optimizing the revenue of the PetaMine project.

The equipment will be sold on the website www.asic-hardware.com.

Regards,
CryptX Team"

EdoBcn

sr. member

Activity: 241

Merit: 250

Quote from: spartan82 on May 25, 2014, 03:22:52 AM

Second IPO batch, ends 2014-05-31 11:00. There's still 9300 shares remaining in this lot so there won't be any open market until this batch either sells out or reaches end date. But if your looking to get out let us know your price I'm sure there's plenty on here willing to take your shares under IPO price

thanks for the detail and for the offer. Unfortunately I ~~lost~~ sold my peta shares to jumpstart scryptx and then it was too late to jump back (also for limited trade on buy side of scryptx). I'm just waiting for the market to reopen to find someone happy to sell below ipo, same as you

spartan82

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Quote from: EdoBcn on May 25, 2014, 03:09:42 AM

The public offering for PETA has been announced, and is available from the PETA Public Offering Tab or once it opens at 2014-05-23 04:00:00, directly from the Public Offering Purchase page

Open market trading will be available soon after

today is 25th... trading is closed.
oh my....

Second IPO batch, ends 2014-05-31 11:00. There's still 9300 shares remaining in this lot so there won't be any open market until this batch either sells out or reaches end date. But if your looking to get out let us know your price I'm sure there's plenty on here willing to take your shares under IPO price

cesmak

legendary

Activity: 1057

Merit: 1009

Quote from: EdoBcn on May 25, 2014, 03:09:42 AM

The public offering for PETA has been announced, and is available from the PETA Public Offering Tab or once it opens at 2014-05-23 04:00:00, directly from the Public Offering Purchase page

Open market trading will be available soon after

today is 25th... trading is closed.
oh my....

This is a standard havelock phrase, but until the end of ipo, trading are always stopped, (it's a common behaviour of havelock trading platform) so until 31st May we don't have trading on open market again...

EdoBcn

sr. member

Activity: 241

Merit: 250

The public offering for PETA has been announced, and is available from the PETA Public Offering Tab or once it opens at 2014-05-23 04:00:00, directly from the Public Offering Purchase page

Open market trading will be available soon after

today is 25th... trading is closed.
oh my....

_biO_

full member

Activity: 174

Merit: 102

Quote from: Anonymousg64 on May 25, 2014, 12:32:47 AM

those who waited to buy hardware until the peak are going to get a big advantage

Yup. Problem is to know about the peak beforehand. Like Korbman said, it's gambling.

Korbman

legendary

Activity: 1064

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Quote from: Anonymousg64 on May 25, 2014, 12:32:47 AM

id vote postponing the buy by a week or more and continuing to withhold dividends

we may be on the verge of the next big clime, those who waited to buy hardware until the peak are going to get a big advantage

An act like that would be on par with gambling, and extremely irresponsible on Cryptx's part. When it comes to mining, it's a far more intelligent decision to act on current information rather than future projections (or guesses), especially when outside funding (e.g. investors) is involved.

Collider

hero member

Activity: 714

Merit: 500

We should be selling fast through the rest of the IPO shares when deployment starts tomorrow.

However, i hope we will be able to deploy even more because of the BTC price rise, and hardware contracts are usually fixed in $.

Anonymousg64

sr. member

Activity: 392

Merit: 250

id vote postponing the buy by a week or more and continuing to withhold dividends

we may be on the verge of the next big clime, those who waited to buy hardware until the peak are going to get a big advantage

but im probably too late, hardware should start coming in on monday

hopefully the ipo does not fully sell and we can have another ipo at peak of btc value of likely 8000-12000$/BTC

Aireun

member

Activity: 113

Merit: 10

Perpetual optimism is a force multiplier.

Quote from: Anonymousg64 on May 24, 2014, 05:09:11 PM

Quote from: Elvis Trout on May 23, 2014, 04:15:45 AM

Quote from: karol on May 23, 2014, 03:38:21 AM

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?

4. Was the hardware you bought with the 1000btc loan paid for in BTC or flat?

I too would like to know this.

Anonymousg64

sr. member

Activity: 392

Merit: 250

Quote from: Elvis Trout on May 23, 2014, 04:15:45 AM

Quote from: karol on May 23, 2014, 03:38:21 AM

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?

4. Was the hardware you bought with the 1000btc loan paid for in BTC or flat?

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: NotLambchop on May 24, 2014, 07:36:14 AM

Agree with everything but the "professional idiots" bit. A commercial mining concerns like PETA does not need to show profit to be profitable for cryptx. The money is made elsewhere--by charging fees, drawing salaries, and purchasing gear from other companies controlled by cryptx. Nothing stupid about that.

Dont get me wrong, Bert isnt stupid, Im not suggesting he is. He was smart enough to sell his risk to the highest bidder. I used the term professional idiot as antonym to Anowhatever's concept of "amateur". He suggests anyone who cashes out his mining proceeds is an amateur (which ironically makes cryptx a super amateur, since he cashed out mining revenue he isnt even producing yet), so Im guessing the professional is the one who plays the Martingale bot equivalent of mining. Double down until its all gone.

BTW, dont forget to include kickbacks in that list of yours, besides fees and salaries.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: Puppet on May 24, 2014, 06:57:42 AM

...

Quote

its the number 1 mistake amateur miners make, they expect the returns to just make themselves by cashing out weekly and running their rig indefinitely or until the electricity costs become prohibitive.

If cashing out weekly does not recover your initial investment and running costs, plunging in more money will not make it better, it will make it worse. The only difference is that the "amateur" may be able to recoup at least a part of his original investment while the professional idiots who throw all their revenue back in to mining gear time and again, no matter what the market conditions are, may well ultimately be left with basically nothing from their original investment. You are making the gamble bigger, but you are not changing the odds. If you dont grasp this concept, try your reinvesment strategy on Satoshi Dice, let me know how it works out.

Agree with everything but the "professional idiots" bit. A commercial mining concerns like PETA does not need to show profit to be profitable for cryptx. The money is made elsewhere--by charging fees, drawing salaries, and purchasing gear from other companies controlled by cryptx. Nothing stupid about that.

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 108. (Read 565833 times)