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Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 112. (Read 565833 times)

sr. member
Activity: 241
Merit: 250


We have 100% green energy due to the fact that all our electricity is certified clean energy from Eneco.
http://www.eneco.com/en/vision/vision-eneco/




Good! +1
(and thanks for answering!)
member
Activity: 116
Merit: 10
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?
hero member
Activity: 672
Merit: 500
You can buy certified green energy in most European countries, in some it isn´t even more expensive.

I'm from Belgium. I pay even less for 100% certified green energy with a small distributor. The main electricity distributor is just too greedy with small users.

For my company, though, it's different, their prices are competitive. I've not made the math for PETA but I remember a threshold at 64 Mwh/year to get to into a new group and have access to better prices.

You can make calculations on this site (only in french & dutch) http://www.monenergie.be/ or http://www.mijnenergie.be/ but you don't know about the special deals CryptX might have.
hero member
Activity: 714
Merit: 500
You can buy certified green energy in most European countries, in some it isn´t even more expensive.
hero member
Activity: 617
Merit: 509
Crypto Card - https://platinum.crypto.com/r/28cz7d
Congrats for the full IPO sell out!!!

+10 for "Cryptx should own shares as well" thing.

From the http://www.cryptocoinsnews.com/news/cryptx-petamine-ipo/2014/05/23
"The CryptX PetaMine data-center is located in Belgium and is completely powered by wind and solar energy, thus making it both energy efficient and environmentally friendly. "

But he told us that his powerplant is enough to power only 1% of PETA. I'm confused. Can you buy certified clean energy in Belgium?
Anyway, good one. I'm sorry I jumped on Scryptx. I could have almost doubled my share/btc value. Shit happens.

He never said it. He said, 1-6% of total energy produced by the plant goes to PETA and PETA is 100% powered from the solar plant.

Except... he didn't.

spend only 1% of your solar powerplant capacity

"We have a 350,000 Watt solar facility at site, which is owned by another company of us. To give you all an idea what this means:
In Belgium a 350kW installation has a yearly revenue of about 300,000 Kwh. The PetaMine consumes about 500 kw or 1285 kw after IPO (500*1 + 1000*0.785), this means between 4,380,000kwh and 11,256,600kwh each year. This is without any growth!
So our own electricity is only between 6.8% and ?? 1,1% of all electricity needed. What do you think such an installation costs?"

I think you don't understand...the electricity produced from the 350k solar plant is only about 1-6% of all electricity used by the PetaMine.

That means I cant read English, and therefore packed my stuff and going back to school.
full member
Activity: 150
Merit: 100
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?
hero member
Activity: 630
Merit: 500
@cryptx
Will there be dividend payouts today?
From first page:
Quote
To continue building a sustainable mining operation, CryptX will retain the weekly dividend it pays to unit holders until the end of the IPO. Dividends will instead be invested in additional hardware so that unit holders enjoy a much higher yield per unit.
member
Activity: 66
Merit: 10
@cryptx
Will there be dividend payouts today?

I can predict there is 0 btc as dividends today.
full member
Activity: 148
Merit: 100
Congrats for the full IPO sell out!!!

+10 for "Cryptx should own shares as well" thing.

From the http://www.cryptocoinsnews.com/news/cryptx-petamine-ipo/2014/05/23
"The CryptX PetaMine data-center is located in Belgium and is completely powered by wind and solar energy, thus making it both energy efficient and environmentally friendly. "

But he told us that his powerplant is enough to power only 1% of PETA. I'm confused. Can you buy certified clean energy in Belgium?
Anyway, good one. I'm sorry I jumped on Scryptx. I could have almost doubled my share/btc value. Shit happens.

He never said it. He said, 1-6% of total energy produced by the plant goes to PETA and PETA is 100% powered from the solar plant.

Except... he didn't.

spend only 1% of your solar powerplant capacity

"We have a 350,000 Watt solar facility at site, which is owned by another company of us. To give you all an idea what this means:
In Belgium a 350kW installation has a yearly revenue of about 300,000 Kwh. The PetaMine consumes about 500 kw or 1285 kw after IPO (500*1 + 1000*0.785), this means between 4,380,000kwh and 11,256,600kwh each year. This is without any growth!
So our own electricity is only between 6.8% and ?? 1,1% of all electricity needed. What do you think such an installation costs?"

I think you don't understand...the electricity produced from the 350k solar plant is only about 1-6% of all electricity used by the PetaMine.
hero member
Activity: 714
Merit: 500
@cryptx
Will there be dividend payouts today?
hero member
Activity: 617
Merit: 509
Crypto Card - https://platinum.crypto.com/r/28cz7d
Congrats for the full IPO sell out!!!

+10 for "Cryptx should own shares as well" thing.

From the http://www.cryptocoinsnews.com/news/cryptx-petamine-ipo/2014/05/23
"The CryptX PetaMine data-center is located in Belgium and is completely powered by wind and solar energy, thus making it both energy efficient and environmentally friendly. "

But he told us that his powerplant is enough to power only 1% of PETA. I'm confused. Can you buy certified clean energy in Belgium?
Anyway, good one. I'm sorry I jumped on Scryptx. I could have almost doubled my share/btc value. Shit happens.

He never said it. He said, 1-6% of total energy produced by the plant goes to PETA and PETA is 100% powered from the solar plant.
sr. member
Activity: 350
Merit: 250
Congrats for the full IPO sell out!!!

+10 for "Cryptx should own shares as well" thing.

From the http://www.cryptocoinsnews.com/news/cryptx-petamine-ipo/2014/05/23
"The CryptX PetaMine data-center is located in Belgium and is completely powered by wind and solar energy, thus making it both energy efficient and environmentally friendly. "

But he told us that his powerplant is enough to power only 1% of PETA. I'm confused. Can you buy certified clean energy in Belgium?
Anyway, good one. I'm sorry I jumped on Scryptx. I could have almost doubled my share/btc value. Shit happens.

We have 100% green energy due to the fact that all our electricity is certified clean energy from Eneco.
http://www.eneco.com/en/vision/vision-eneco/


sr. member
Activity: 241
Merit: 250
Congrats for the full IPO sell out!!!

+10 for "Cryptx should own shares as well" thing.

From the http://www.cryptocoinsnews.com/news/cryptx-petamine-ipo/2014/05/23
"The CryptX PetaMine data-center is located in Belgium and is completely powered by wind and solar energy, thus making it both energy efficient and environmentally friendly. "

But he told us that his powerplant is enough to power only 1% of PETA. I'm confused. Can you buy certified clean energy in Belgium?
Anyway, good one. I'm sorry I jumped on Scryptx. I could have almost doubled my share/btc value. Shit happens.
hero member
Activity: 714
Merit: 500
We probably have to wait until they wake up and instruct havelock to list the next 10k shares.

Edit: Next batch of IPO shares now availabe at 0,975!
hero member
Activity: 617
Merit: 509
Crypto Card - https://platinum.crypto.com/r/28cz7d
First 10K gone, where's the next? showing as 0 remaining yet nothing else available
C'mon, Havelock!
There's bunch of people waiting to buy some shares!

Managed to get some just after add on cryptocoinsnews... Pfeww!
member
Activity: 66
Merit: 10
First 10K gone, where's the next? showing as 0 remaining yet nothing else available
C'mon, Havelock!
There's bunch of people waiting to buy some shares!
member
Activity: 67
Merit: 10
First 10K gone, where's the next? showing as 0 remaining yet nothing else available
sr. member
Activity: 392
Merit: 250
we might have a chance at blasting through the entire ipo afterall

Quote
Notice how in this scenario the ratio between reinvestment and dividends doesn't effect the amount he makes?  If he were to be a large share holder, his incentives would be better aligned with ours.

your forgetting how much reinvestment benefit shareholders
im actually disappointed the reinvestment % is targeted to drop lower then 40%
but im confident that PETA will adjust to future conditions and not stubbornly hold to its roadmap.
member
Activity: 63
Merit: 10
You guys realize, that the issuer automatically owns all unsold shares, right? No need to buy shares from yourself if you own them anyway.

This is incorrect, there is a very large difference.  Unsold shares do not collect dividends, if he were to purchase the shares, he would receive dividends and would have a personal incentive to expedite the return of our dividends.  The current reinvestment schedule provides a disproportionate benefit to the person collecting fees to run the mine while shareholders receive a small fraction of the mined bitcoins.

Also, unsold shares can be used for a later IPO where our trading could be frozen again etc.
[...]

I beg to disagree. Both Prospectus versions state the following:

Quote
All units are entitled to an equal percentage of dividends. A total of 100,000 units are outstanding. [...]

It does not say anywhere, that only publicly traded shares (units) are entitled to dividends. However, I do acknowledge that cryptx has so far been so generous to treat it like this, thus not paying themselves a dividend for holding the ~33.000 outstanding but not publicly traded shares.

Shares represent fractions of a company's equity. If a company makes a profit, equity is increased. The company may now choose to pay some of the profits to its shareholders in the form of dividends. If it chooses to do so, a dividend is paid per outstanding share to the respective owner. No matter if that is an owner outside the company (here parts of the profits actually leave the company) or the company itself (increase in equity).

Let me ask you a question: How do you buy parts of your own equity, if not by paying with parts of your own equity or borrowed money?

However, please don't get me wrong. It was a smart move to announce "buying" own shares, as it greatly improved confidence of potential investors. Obviously, the announcement had the signalling effect it was intended to provoke. Well done! Smiley
hero member
Activity: 617
Merit: 509
Crypto Card - https://platinum.crypto.com/r/28cz7d
http://www.cryptocoinsnews.com/news/cryptx-petamine-ipo/2014/05/23  

Nice! Well done! PETA is on the cryptocoinsnews!

With BTC raising, we would be able to buy more equipment, perhaps even reach above 2% of bitcoin network!

And share price should go up! This is trully the best cloud mining!
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