[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 137.

crino

member

Activity: 82

Merit: 10

Quote from: cryptx on May 16, 2014, 09:02:42 AM

Update:

We had the opportunity to acquire a large amount of PETA units from a big investor. Instead of financing the second part of our Bitmine contract we took this proposition which gives rise to some strategic opportunities and optimizations.
- By eliminating the risk of new delays with the current Bitmine contract, we were able to lower the outstanding units from 80,673 to 66,206. This will have an immediate and positive impact on hashrate per unit, which rises from 6 GH to 7.55 GH per unit.
- The creation of these extra units together with the still outstanding units gave us the opportunity to prepare a new overall plan which will take PetaMine to the next level. We will announce the details of this new IPO later today.

More to follow today!

so, is the contract with Bitmine cancelled?

stompysteve

hero member

Activity: 574

Merit: 500

Quote from: cryptx on May 16, 2014, 09:02:42 AM

Update:

We had the opportunity to acquire a large amount of PETA units from a big investor. Instead of financing the second part of our Bitmine contract we took this proposition which gives rise to some strategic opportunities and optimizations.
- By eliminating the risk of new delays with the current Bitmine contract, we were able to lower the outstanding units from 80,673 to 66,206. This will have an immediate and positive impact on hashrate per unit, which rises from 6 GH to 7.55 GH per unit.
- The creation of these extra units together with the still outstanding units gave us the opportunity to prepare a new overall plan which will take PetaMine to the next level. We will announce the details of this new IPO later today.

More to follow today!

im not sure i completely follow will look out for later news
does this mean 100 btc/66000 divs now

Foebar

full member

Activity: 156

Merit: 100

??

New IPO ?

We haven't reached the target goal of 8.68 per share , now we get an increase by eliminating shares.
I'm having a hard time getting the whole picture here.

I know that there have been delays but the initial 8.68 GH/s per share should be a higher number with the current reinvestments.

So I hope the statement that will follow will clear things up a bit

cryptx

sr. member

Activity: 350

Merit: 250

Update:

We had the opportunity to acquire a large amount of PETA units from a big investor. Instead of financing the second part of our Bitmine contract we took this proposition which gives rise to some strategic opportunities and optimizations.
- By eliminating the risk of new delays with the current Bitmine contract, we were able to lower the outstanding units from 80,673 to 66,206. This will have an immediate and positive impact on hashrate per unit, which rises from 6 GH to 7.55 GH per unit.
- The creation of these extra units together with the still outstanding units gave us the opportunity to prepare a new overall plan which will take PetaMine to the next level. We will announce the details of this new IPO later today.

More to follow today!

Elvis Trout

member

Activity: 116

Merit: 10

Quote from: cryptx on May 15, 2014, 07:50:26 AM

An update on the current and future operations of the PETAMINE will be given shortly.

Thank you all for your patience.

Seeing as the one factor that will keep this mine going despite difficulty rises is power efficiency some info on how you factor that in to reinvestment purchases would be good.

millenium

newbie

Activity: 34

Merit: 0

My guess for today: 0.001229

BiteMyShinyMetalAss

hero member

Activity: 617

Merit: 509

Crypto Card - https://platinum.crypto.com/r/28cz7d

Increased dividends, update about bitmine hardware, new plans. Looking forward towards todays update! Roll Eyes

spartan82

hero member

Activity: 658

Merit: 500

Quote from: cryptx on May 15, 2014, 07:50:26 AM

An update on the current and future operations of the PETAMINE will be given shortly.

Thank you all for your patience.

Good news I hope lol

cryptx

sr. member

Activity: 350

Merit: 250

An update on the current and future operations of the PETAMINE will be given shortly.

Thank you all for your patience.

mikemikemike

copper member

Activity: 224

Merit: 100

Quote from: stompysteve on May 15, 2014, 07:43:30 AM

Quote from: stompysteve on May 11, 2014, 10:27:06 PM

cryptx there are still a lot of unanswered questions I thought you were gonna address last friday around when divs were released, I hope you can answer some of them this upcoming friday or just give a more detailed breakdown on your future plans and updates

-div% reinvest% changes due to hosting new project scryptx
-how are you going to be using reinvestment funds going forward(our own boards vs premade rigs)
-what is the status of new rigs from bitmine(we all know they are starting soon, but how many are we getting a week going forward)
-do we have future chip deals in line if we save up enough reinvestment funds or from opening up another IPO since there are always so many delays with manufacturers

+1

stompysteve

hero member

Activity: 574

Merit: 500

Quote from: stompysteve on May 11, 2014, 10:27:06 PM

cryptx there are still a lot of unanswered questions I thought you were gonna address last friday around when divs were released, I hope you can answer some of them this upcoming friday or just give a more detailed breakdown on your future plans and updates

-div% reinvest% changes due to hosting new project scryptx
-how are you going to be using reinvestment funds going forward(our own boards vs premade rigs)
-what is the status of new rigs from bitmine(we all know they are starting soon, but how many are we getting a week going forward)
-do we have future chip deals in line if we save up enough reinvestment funds or from opening up another IPO since there are always so many delays with manufacturers

Elvis Trout

member

Activity: 116

Merit: 10

Quote from: Collider on May 15, 2014, 06:38:48 AM

@cryptx
What is the status of the more than 250TH + compensation bitmine still owes us (since at least beginning of April)?

Will that be converted to chips or what is the current plan?

An update on the status of all outstanding orders would be nice

Collider

hero member

Activity: 714

Merit: 500

@cryptx
What is the status of the more than 250TH + compensation bitmine still owes us (since at least beginning of April)?

Will that be converted to chips or what is the current plan?

DropDead.Be

newbie

Activity: 56

Merit: 0

Quote from: nwfella on May 13, 2014, 07:48:54 PM

Quote from: rdyoung on May 13, 2014, 06:10:24 PM

Quote from: DropDead.Be on May 13, 2014, 05:25:19 PM

I predict this weeks dividends: 0.01252
Annual yield => 90%

You mean 0.001252?

Either that or they are just really really optimisitc! Tongue

My guess for this Friday: 0.00097921

Haha yes, i ment 0.001252. My bad.
195 (BTC mined) x 81.3/217 x 0.56 (44% lower $/kWh) => 40 BTC for hosting
155 BTC (remaining) x 0.65 / 80470 = 0.001252 Cheesy