Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 13. (Read 565897 times)
September 23, 2014, 11:46:10 AM
I believe that it's hardware selling time.
September 23, 2014, 08:03:09 AM
I wish I could sell it short. I wonder what kind of calculations are doing those offering BTC0.00067236 per share...
September 23, 2014, 07:06:24 AM
CryptX it's time to sell hardware...
September 23, 2014, 06:40:29 AM
Dividends are on the rise! From 70 to 72 satoshi's!
BWAHAHAHA
BWAHAHAHA
September 22, 2014, 02:52:58 PM
Last one shut off the lights.
September 22, 2014, 12:27:15 PM
How has the price not crashed yet does everyone expect a hardware payout?
Thats all a peta share has represented for quite some time now: a gamble that cryptx will indeed sell off its hardware and get decent prices for them.
I think its a risky bet, because I doubt cryptx will indeed sell off after the next difficulty adjustment (he is more likely to lower his fees as needed to keep divs a few satoshi above zero), and because in the current environment, its not going to be easy to offload 1PH of old, relatively inefficient gear - especially not when you have reputation as tarnished as cryptx when it comes to selling hardware.
September 22, 2014, 11:56:02 AM
Dont know, but if btc reaches 350... the price will crash hard...
September 22, 2014, 11:49:35 AM
...the mine should be shutting down any moment... September 22, 2014, 11:05:33 AM
...the mine should be shutting down any moment... September 22, 2014, 10:15:16 AM
And have you dont the math what it will be like a week from now, based on current price and network speed?
427 satoshi in mining revenue
-357 satoshi in fees
= 70 satoshi in dividends.
427 satoshi in mining revenue
-357 satoshi in fees
= 70 satoshi in dividends.
ROFL. Guess what today's dividend was?
Code:
2014-09-22 2014-09-22 0.00000070
Get used to it. But not for too long, in two weeks it will hit zero forever.
September 22, 2014, 04:05:03 AM
Is still 0.15$ charged per month per gh? That's nearly the same as revenues...
Dont worry, there is always a solution:
Investing in an obvious ponzi should solve this
(disclaimer for the generally not so knowledgable cryptx investors, laxo is a ponzi, and has been sending out double spend millibits as advertisement. Its not peta's fault, and dont be so stupid as to give your money to these crooks)
September 21, 2014, 02:10:59 PM
Is still 0.15$ charged per month per gh? That's nearly the same as revenues...
September 19, 2014, 08:02:25 AM
I like how it's about to die but cryptx still hasn't said anything about what happens next
Btc almost down to 350 and hashrate almost at 300 (how has one not slowed down who knows)
Btc almost down to 350 and hashrate almost at 300 (how has one not slowed down who knows)
September 19, 2014, 01:36:53 AM
ok ok, but today 0.00000742 BTC/unit 
Awesome.Its called variance.
And have you dont the math what it will be like a week from now, based on current price and network speed?
427 satoshi in mining revenue
-357 satoshi in fees
= 70 satoshi in dividends.
(btw, using the same numbers, cex.io goes negative on the next difficulty adjustment. Thats gonna be hilarious to watch too)
September 18, 2014, 10:23:05 AM
ok ok, but today 0.00000742 BTC/unit
Still not zero! 
September 18, 2014, 07:54:40 AM
ok ok, but today 0.00000742 BTC/unit
September 18, 2014, 03:51:40 AM
cex.io is far more nuts, Ill grant you that. In a week, at todays BTC price and using current estimated difficulty, mining revenue would be $0.1933 per month for $0.18 fees. Or $0.0133 in dividend, compared to $0.072 today. With some bad luck, if BTC price drops further or network growth accelerates, they could potentially hit zero a week from now. And yet the price is rising lol.
Moreover, cex.io terms state they will just pull the plug (or at least stop div payments), and thats it. With petamine at least you are supposed to get your share of the resale of hardware, pitiful as I expect that to be, especially since I strongly suspect cryptx has no interest to liquidate his mine already, he'll probably lower his fees to some point marginally below mining revenue and drag this out for as long as he can. Wouldnt be surprised he came up with a plan to prefinance the hosting fee deficit in 'anticipation' of BTC price rise or difficulty drop.
Moreover, cex.io terms state they will just pull the plug (or at least stop div payments), and thats it. With petamine at least you are supposed to get your share of the resale of hardware, pitiful as I expect that to be, especially since I strongly suspect cryptx has no interest to liquidate his mine already, he'll probably lower his fees to some point marginally below mining revenue and drag this out for as long as he can. Wouldnt be surprised he came up with a plan to prefinance the hosting fee deficit in 'anticipation' of BTC price rise or difficulty drop.
September 18, 2014, 03:05:24 AM
Bitcoin plunging to $435 and the network at an estimated 285PH.
I always said it would happen before the end of the year, now it looks like zero div day may happen as soon as early october.
Yes, zero div day is coming also for cex.io which has .18 USD/GHs/month maintenance fee, probably as soon as October 7th-8th at current BTC price. Will be fun to watch if the GHs price will reflect the fact of zero/negative dividends. I suspect that it will take a while to owners notice they have to pay for owning GH/s...
September 17, 2014, 07:59:53 PM
Bitcoin is dead. Long live Bitcoin.
September 17, 2014, 03:43:44 PM
Reminder, zero div day table:
Bitcoin plunging to $435 and the network at an estimated 285PH.
I always said it would happen before the end of the year, now it looks like zero div day may happen as soon as early october.
Code:
$/BTC Zero div PH
200 146
250 182
300 219
350 255
400 292
450 328
500 365
550 401
600 438
650 474
700 511
750 547
800 583
Bitcoin plunging to $435 and the network at an estimated 285PH.
I always said it would happen before the end of the year, now it looks like zero div day may happen as soon as early october.
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