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Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 121. (Read 565833 times)

member
Activity: 66
Merit: 10
IMO Cryptx should have coincided the IPO with the addition of the new hash rate.  I'm guessing the shares would be selling better if the extra 1000TH were online.



we will have additional hardware online before the IPO ends

Just keep 0.0015 dividends and everything will go just fine. Smiley

only 2-3weeks of no dividend to endure

we are on target for >50% yield even if we skip 4 weeks

Way too optimistic.
Unless there are some big whales buying ipo, or we are not going to see dividends until July/August.
Even people follow this thread, not everyone knows this do good to investors.
But if we continue 0.0015 dividends until debt is clear, many small investors would like to buy some shares.
It's psychology. Because this move is good to the project, so we are able to pay the debt, dividends as usual is not a big deal.
Then people are willing to buy in ipo, making this ipo more successful. Not like now, selling only 200 shares in 24 hours.
And with a successful ipo, we should of course be able to pay dividends as usual.
It's a positive cycle. Smiley
newbie
Activity: 37
Merit: 0
 Smiley  I'm totally happy with my investment. This is my best investment so far including precious metals which were averaging 12% annually. Yes, there may have been better places to invest, but for each new 'next big thing' there is a huge learning curve, as there was for Bitcoin. This technology has a huge future and investing in mining is the best way I can see that can make bitcoins from bitcoins passively. The CryptX guys are great. Good work, and thanks!
sr. member
Activity: 392
Merit: 250
IMO Cryptx should have coincided the IPO with the addition of the new hash rate.  I'm guessing the shares would be selling better if the extra 1000TH were online.



we will have additional hardware online before the IPO ends

Just keep 0.0015 dividends and everything will go just fine. Smiley

only 2-3weeks of no dividend to endure

we are on target for >50% yield even if we skip 4 weeks
member
Activity: 66
Merit: 10
IMO Cryptx should have coincided the IPO with the addition of the new hash rate.  I'm guessing the shares would be selling better if the extra 1000TH were online.



we will have additional hardware online before the IPO ends

Just keep 0.0015 dividends and everything will go just fine. Smiley
sr. member
Activity: 392
Merit: 250
IMO Cryptx should have coincided the IPO with the addition of the new hash rate.  I'm guessing the shares would be selling better if the extra 1000TH were online.



we will have additional hardware online before the IPO ends
legendary
Activity: 994
Merit: 1000
IMO Cryptx should have coincided the IPO with the addition of the new hash rate.  I'm guessing the shares would be selling better if the extra 1000TH were online.

hero member
Activity: 588
Merit: 504
Don't speak chinese. Can you translate?

It's nothing very useful, only says I am looking to buy hardware, what price can you offer for bulk etc- they say they are finalising some info. continues for a little while. I placed order later and receive refund on some amount already. waiting more info along with others.There is a bit of drama following them.

What's important is efficient hardware In hand, or that can be proven to be delivered and installed quickly.

 
hero member
Activity: 770
Merit: 509
Don't speak chinese. Can you translate?
hero member
Activity: 770
Merit: 509
Has petamine considered using AM chips to make their own miners? They could get 2ph instead of 1ph for 3700btc (assuming they could match hashratios production costs)

I order from hashratio 3 months ago, nothing here.. and many are unhappy with them.  meanwhile bitfury HW is deployed beginning next monday.


What did you order from hashratio?
hero member
Activity: 588
Merit: 504
Has petamine considered using AM chips to make their own miners? They could get 2ph instead of 1ph for 3700btc (assuming they could match hashratios production costs)

I order from hashratio 3 months ago, nothing here.. and many are unhappy with them.  meanwhile bitfury HW is deployed beginning next monday.
hero member
Activity: 770
Merit: 509
Has petamine considered using AM chips to make their own miners? They could get 2ph instead of 1ph for 3700btc (assuming they could match hashratio production costs)

Or they could just buy about 1.7ph from hashratio for 3700btc.
legendary
Activity: 1610
Merit: 1000
Well hello there!
My prediction for this week's upcoming dividend payout: 0.00000000/share

:p  (sorry, couldn't resist)
newbie
Activity: 20
Merit: 0
I'm not an expert in any of your numbers game , but let me tell you something about selling a stock.
You better start increasing the hash rate now so people can get more shares.

I bought into this stock looking for a %1 a week return on investment!

Everything above that is a bonus.

For all of you crying here go find me a better return on investment anywhere! on any other market!
legendary
Activity: 1064
Merit: 1001
we are currently guaranteed the 15Gh/s++ per share
the current increase in shares will not have any diluting affect

You are guaranteed >15GH/s, for now anyway, but an increase in the outstanding shares does have a diluting effect:
1,500,000 GH/s spread over 66,375 shares is ~22.6GH/s per share.
1,500,000 GH/s spread over 76,206 shares (selling out the current IPO) is ~19.68GH/s per share.

Which would you rather have?

no we are only getting a total hashrate according to how many ipo shares are sold, but it comes out as 15Gh/s per share
they are putting up their own money, as a loan, to guarantee that regardless if any ipo shares are sold

Ah, I see what you're saying. I apologize, I misunderstood before.

Since that's the case, price per GH/s starts at ~$2.84 (@$448 per BTC) and varies from there based on share price & BTC/USD fluctuations. Compared to other hosting plans, $2.84 isn't so bad...but compared to actually purchasing and running the hardware it's terrible Cheesy
sr. member
Activity: 392
Merit: 250


So if the IPO does not raise the needed funds , the old shareholders will pay with reduction in the  dividend?

well its going to impact future size of reinvestment's which will have an impact on how efficiently we can maintain network share.
IPO not raising all funds impacts all shareholders


dividend will correspond to 15Gh/s no matter what, its only when considering long term impact we can see the negative impact, this will manifest in slower Gh/s per share increase
sr. member
Activity: 350
Merit: 250
We suggest to read the Prospectus in detail, depending on how many shares are sold in IPO, we can deploy a certain amount of hardware.

Quote
Depending on the quantity of units sold, one of the following scenarios will unfold:

newbie
Activity: 20
Merit: 0


So if the IPO does not raise the needed funds , the old shareholders will pay with reduction in the  dividend?
sr. member
Activity: 392
Merit: 250
so will PETA's cost/Gh/s go down as they increase the corresponding GH/s per share


look at butterflylabs, $10.83/Gh/s cloud hosting

They should, theoretically. Right now, PETA is at about $5.64 per GH/s (~7.55 GH/s per share @ BTC0.095). Assuming full deployment of 1.5PH/s, current share value (BTC0.095) puts it at ~$1.88 per GH/s (at 66,371 outstanding shares)...but the more shares there are, the higher the 'price per GH/s' will be.

Until full deployment happens, though, CoinTerra's new hosting plans range from $4.99 down to $2.75. And I'm not sure what KnC's plans are for hosting...

we are currently guaranteed the 15Gh/s++ per share
the current increase in shares will not have any diluting affect

You are guaranteed >15GH/s, for now anyway, but an increase in the outstanding shares does have a diluting effect:
1,500,000 GH/s spread over 66,375 shares is ~22.6GH/s per share.
1,500,000 GH/s spread over 76,206 shares (selling out the current IPO) is ~19.68GH/s per share.

Which would you rather have?

no we are only getting a total hashrate according to how many ipo shares are sold, but it comes out as 15Gh/s per share
they are putting up their own money, as a loan, to guarantee that regardless if any ipo shares are sold
sr. member
Activity: 392
Merit: 250
Hi guys, redditor here. Saw a post in there and I've been doing my research as I have some BTC to invest.

Most of it looks legit apart from well, apart from a few things.

1) is it true that the team that runs this project makes money from the electricity fees?

Does that not seem completely counter productive considering its completely against investor interests?

2) why is the reinvestment strategy set so poorly? It makes no sense at all to reinvest like that unless your trying to build up electricity no?

3) Also, my numbers are pretty poor, but is it actually 3$/GHs? Last time I checked you could buy hardware directly from the manufacturer for 1.5$/GH and they would even host it for you including costs for an extra 0.2$/GHs. How come the price difference is so huge, if your buying the best machines, where is all the extra funds going?



1)
their solar project only provides 1-6% of the power used by the operation
its not counter productive ,its beneficial if they can reduce their power costs

2)
its not set poorly, their strategy will guarantee better ods of successful long term operation and larger dividends

3)
if you want to manage hardware, electricity, bandwidth, reinvestments, deals, board assembly and other things required to maintain a large scale operation, you could, but i prefer leaving that to a company that has more experience and purchasing power
the ipo is going towards funding the 1Ph purchase
legendary
Activity: 1064
Merit: 1001
so will PETA's cost/Gh/s go down as they increase the corresponding GH/s per share


look at butterflylabs, $10.83/Gh/s cloud hosting

They should, theoretically. Right now, PETA is at about $5.64 per GH/s (~7.55 GH/s per share @ BTC0.095). Assuming full deployment of 1.5PH/s, current share value (BTC0.095) puts it at ~$1.88 per GH/s (at 66,371 outstanding shares)...but the more shares there are, the higher the 'price per GH/s' will be.

Until full deployment happens, though, CoinTerra's new hosting plans range from $4.99 down to $2.75. And I'm not sure what KnC's plans are for hosting...

we are currently guaranteed the 15Gh/s++ per share
the current increase in shares will not have any diluting affect

You are guaranteed >15GH/s, for now anyway, but an increase in the outstanding shares does have a diluting effect:
1,500,000 GH/s spread over 66,375 shares is ~22.6GH/s per share.
1,500,000 GH/s spread over 76,206 shares (selling out the current IPO) is ~19.68GH/s per share.

Which would you rather have?
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