Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 135. (Read 565833 times)

Will this link still give the mining rate?

http://www.peta-mine.co/stats/

what happens when havelock goes bust? we still have our peta shares?

Just finished reading through that prospectus. very transparent and thorough. Pleased to see the latest developments,, despite this offering initially being discounted by many more senior investors in the field, PETA operation is rapidly setting the standard for bitcoin securities;  continuously advancing above and beyond expectations.. a diamond in a sea of shit. Great Job, CryptX


 he will have to change to share price to 0,0009 in Juli

I would like to see Bcmine and his new calculations and his explanation how cex.io is better than PETA!

 

Awesome news, thank you Cryptx! Waiting monday to buy another bunch of Peta....

Woohooo!

Time for those peta-mine tshirts!

Btw our hosting costs are now considerably less than those of cex.io, as power is cheaper AND units are more efficient.

Also: Bitfury is the king!

Thank you Cryptx! These are just briliant news!!!

I bought 4 at 0.082 just before this happened. Finally a good move by me lol

Our official press release:

CRYPTX TO OFFER NEW PETAMINE IPO, WILL CLAIM 2% OF BITCOIN MINING MARKET WITH NEW HARDWARE, 1,500 TH/S HASH RATE

BRUSSELS, Belgium, 16 May, 2014 – CryptX, a limited company in Brussels, Belgium, announced today that it will deploy an additional 1,000 TH/s for PetaMine, a hosted Bitcoin mine with a current hash rate of 500 TH/s. The hardware deployment comes as part of a new IPO, through which PetaMine will grow to a hash rate of 1,500 TH/s and capture 2% of the entire Bitcoin mining market.

“We have entered a new phase of Bitcoin mining,” said CryptX CEO and CFO, Bert Valkenborgs. “Professional hosted mining operations are the future of this market. PetaMine operates in the hosted mining space and is making the leap to become a major player.”

The hardware CryptX deploys at IPO will triple the mine's hashrate. PetaMine will utilize 286 Bitfury BF3500 miners, which hash at 3.5 TH per miner. These miners maintain a maximum power consumption of 2,750 watts or 0.785 watts per GH/s, making them the best performing Bitcoin miners available today.

CryptX issued the first PetaMine IPO in August, 2013. Out of 100,000 total units, 66,206 are trading on Havelock Investments. In this IPO, CryptX will issue the remaining 33,794 units, deploying an additional 1,000 TH/s for all units outstanding. These units will be sold in three batches of 10,000 units and a final batch of 3,794 units. The initial price per unit will be 0.095 BTC, increasing to 0.0975 for the second batch, 0.10 for the third batch, and 0.1025 for the final batch. These units will be for sale from 19-31 May, 2014 on the Havelock Investments trading platform.

“The new IPO will create even more value for our investors,” said Joeri Cornelissens, CryptX CTO. “As PetaMine grows, each unit represents more hashing power. The contribution from our investors has been crucial to PetaMine's success, and we couldn't be more pleased about the expansion we're pursuing.”

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. Currently, each unit represents 7.55 GH/s of total hash power. After deploying the additional 1,000 TH/s, each unit will represent 15 GH/s of hash power. Weekly dividends will be restored after IPO. Through these measures, CryptX plans to mine a total of nearly 25,000 BTC in just one year.

For additional information, visit peta-mine.co. You can find the full prospectus on here https://www.havelockinvestments.com/reportdownload.php?id=93. CryptX also maintains a forum on bitcointalk.org dedicated exclusively to PetaMine news.

About CryptX and PetaMine

CryptX designs and builds hosted cryptocurrency mining platforms at its datacenters in Belgium and abroad. With no contractual obligations, no management or pool fees, and the latest, most sophisticated mining hardware, PetaMine provides a flexible, accessible option for Bitcoin mining investors. Learn more at cryptx.com and peta-mine.co.

https://www.havelockinvestments.com/reportdownload.php?id=93

Now that was awesome!

If not all units are sold we will still have 15GH/s/share but the total hashrate will be lower and dividends are retain to pay for all the hardware.

So, lets hope this IPO is a success.

[PETA] 71 @ 0.08337527 = 5.9196 BTC

• {7}

[HAVELOCK] [PETA] 129 @ 0.08935059 = 11.5262 BTC

• {9}

[HAVELOCK] [PETA] 69 @ 0.09446816 = 6.5183 BTC

• {7}

[HAVELOCK] [PETA] 106 @ 0.0945 = 10.017 BTC

not any more lol someone went crazy and bought up everything

Can anyone post a direct link to the prospectus?
I am either blind or cannot find it.

Looks like great news.

Will trading be halted during IPO? The IPO price is higher than the current share price

No one said sell peta to get in their other project?? i dont understand how you think their decision is fucking you over

I repeatedly told everyone that the GH/share would increase as bitmine units where not delivered as contractually stated.

cryptx has repeatadly told everyone that they would come up with something.

I am sorry, but if you cant do the math and sell early, but atleast you still got some profit out of it.

relevant quote from the prospectus:

(highlight theirs)

That would lead to 15GH/s per unit.
Also, that would make up for ~2% of total btc mining network.

Well, 15GH/s/share, here we go.

So according to the new prospectus cryptx has order 1000ths from bitfury giving us each 15ghs per unit to be deployed immediately after ipo! Sounds pretty good to me!

Annoyed that I invested in scryptx now though