Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 123. (Read 565833 times)

people are mad they didnt get in before .095 and now they have to wait 2 weeks because the IPO is never going to finish

Yes, not investing my coin leaves it exactly as it is, excellent point.
"Investing" in *any* mining stock, on the other hand, has a long and sordid history of ending in fail and AIDS.
Unless you're fond of surprise butsecs, I would advise against it.
Of course, the above completely ignores third-party risks, such as unlicensed Panamanian exchanges pulling up stakes and going all OKTHXBI!
Hopefully this addressed most of your concerns, Anonymousg64.

If it helps you to think of me as mikemikemike, by all means do.  I realize those protective hats are unreliable now that The Lizards replaced quality tin with cheap ersatz aluminum.

There is something, I really do not get about a lot of the people posting harsh criticism here:

If you are a current shareholder, it must be in your interest for cryptx to sell all ipo shares, thereby keeping the no-dividend-time to a minimum while at the same time "growing" the mine.
Thus, if you still own shares in PETA, there is absolutely no rational incentive to criticise the management now that the IPO is actually taking place. In fact, even if you are unhappy with the situation, the best you can do now, is to promote PETA. Once the ipo is over and normal trading is resumed, you can sell and leave or try to come up with constructive ideas on how to improve the situation.

If you do not currently hold any shares in PETA, I don't get why you are wasting your energy and time posting here. You sold, got out, are done with it. Lucky you! Why ruin the situation for those who were not as lucky as you and are still "in"? Why make so much noise about something, that might not turn out so bad after all? It's like you want PETA to get into trouble. Did you guys short-sell PETA shares?

you say no yet you still missed the body of my post mikemikemike
keeping your coins leaves you with a predictable fixed return, such would not work for a stock, buy B.MINE if you truly believe in that strategy.


mikemikemike, this your second slipup, your forgot to go talk to yourself in your thread with your sock-puppet accounts.

No, simply pointed out the logical fail on which your entire post pivots.  Thus far, I've been accused of being Eduardo de Castro, Mircea Popescu, crumbs, Icebreaker, and various others.  Adding mikemikemike to the list.  

*My name is Legion: for we are many.

Agreed. And I have not seen any numbers to refute this.

you overlooked the rest of my post mikemikemike?

not in this case, numbers are pure speculation

think for second, and look at what i posted, take the point of view of someone wanting to invest in mining BTC
PETA is the best strategy forward

You're overlooking a rather obvious alternative -- keeping your coin and not "investing" it at all.
*But sure, all mining operations offered to the public have either lost money for the "investors," or simply stole it.  See your exchange-mate, COG.

mikemikemike has allot of sock-puppet accounts



lets look at PETA from an objective point of view

their profit margin is competitive, no point arguing about what they do with it

assume your choice is between buying hardware, a cloud contract or PETA shares

since PETA does everything for you we will only discuss management of revenue from other options

the intelligent strategy with either the hardware or the cloud contract is to maximize reinvestment's of initial revenue
otherwise you are holding something that is diminishing in value and in returns
with the exponential increase in difficulty, a cloud contract or mining hardware is destined to make a fixed return, you will never make more then double what you made in the first span of difficulty doubling,
aka if you made 6BTC in 2 months, assuming diff doubling rate of 2 months, you will never make more then 12BTC in the lifetime of the hardware or mining contract
so if you instead focus on reinvesting, you can grow to a point where the asymptotic curve of returns is a significant amount in $ for a long period. The larger your operation, the more you can take advantage of reinvestment's to secure your network share more efficiently then others.

there is nothing wrong with PETA's reinvestment plan, the loan will be paid back in 2 weeks, so dividends will not be suspended for long

Wouldn't it be odd if they *held* their shares while pointing out that this is a scam?

*Of course, now that trading's been halted and nobody can sell, that logic fails, but still...

Surreal... can you imagine how pissed i would be if i had been trapped without being able to sell my shares? 

¿Do these Re-IPO's with frozen shares have an antecedent or are we exploring new financial territory?

If you simply know who spread FUD and how many shares in their hands, and you'll know why they are bitching.
As far as I know, some people sell all their shares. Then starts to complain how bad this project is.
Good news to holders, bad news to weak hands.

Here's one thing I did when Scrypt-X ipo. I hodl PETA shares, and use another cold storage BTC to buy in Scrypt-X. And so far it's good, make me more btc. See what's different?

FTFTFY

http://www.reddit.com/r/Bitcoin/comments/25y9yx/petamine_new_ipo_starts_today_new_hardware_1500/

incase anyone wants to comment, bash or promote its upto you lol

FTFY

Share price is way above the original IPO prices.
Dividends are larger than ever.
In ~2 weeks, the mine hash rate will triple.
The worst case scenario for the short term is that if the new share sale is a bust, in order to pay for the new hardware (which will cause our hash rate to triple), unit holders won't receive dividends for a couple weeks -- maybe as few as 2 weeks -- while those dividends are reinvested.

So what the heck are people complaining about? There is nothing bad here. This is all fantastic news.

There is no other mine doing anywhere near this well -- growing, adapting, communicating, and paying. Unless you unluckily bought on the one spike above .1 BTC, every single unit holder is doing measurably, provably great.

Not that it matters to me since i sold yesterday, but we were promised at the beginning of the year a 700th/s investment for the IPO back then, before they changed the roadmap drastically and sprung all these "Jack in the box" investment novelties.

Current hashrate is 433th/s: 61% of what should already be installed.  so, ceterus paribus,  if PETA performs in a similar fashion to the past, they will be mining at no more than 1,000th/s in august...  

I'm keeping a copy of this  

I just realised that open market trading is suspended during the IPO.  I hope you have all reached your desired positions before that happened.

Well, sorry for interrupting ur lovefest.  BTW, just like you don't lose money 'til you sell, you haven't *made* any money 'til you've sold.  Selling, at this point, is not an option, sry IPO.
Good luck with your "investments"