Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 145. (Read 565833 times)

Info about dividend payout for this week:

211.53658438 BTC in total from mining and converted NMC's:
- 85.30117985 as Dividend (0.00105737 BTC / share)
- 45.93140453 Reinvestment
- 80.30400000 Hosting Fee

Status update:
- As mentioned last week, new hardware will arrive after official holidays. We expect a new shipment early next week.
- We are working on some analyses and will announce some ideas for strategical improvements next week.

Garbage as the TA I linked to? These are professional traders who have dedicated most of their careers to evaluating markets. Saying its garbage is saying BTC is just a guessing game, when it has proved to be arguably one of the most predictable markets of all time,  if not the most predictable market of all time.

Two to three weeks. I expect a rally within a week of the 10th of May deadline, once the breakout happens from the current trend, which it already did, but was brought back down due to the recent issues in china, I expect the start of the next uptrend before a new bubble forms late june-early july.

Please dont call the most valuable TA resource in the trading world garbage. Its offensive to your own intelligence not mine

And 550 in august? We were at 550 a few weeks ago when the markets thought this was all over. I know the next argument is this whole china ban issue could be restarted, but the latest notice given to the banks is about as final as it gets and leaves very little room for the chinese exchanges to maneuver. Ontop of that, the market is getting more and more resilient to this issue. It won't be long before these issues are completely ignored all together.

And I dont know what the issue with 550 is? If you knew resistance levels then you would know that if the price breaks past 480 and holds then it naturally has to test 550, and with the downward trend over, it is very unlikely it wouldn't break though. I thinj your forgetting our ATH is in the 1100 range, not the 600s

Time frame for 'coming weeks' or the prediction is as much garbage as the TA you linked. I would expect 550 around August, but not before June.

Just a quick refresh from last weeks update as ive got five minutes.

I predicted a 0.00091 dividend last week for this week which im revising up to 0.00093, BTC is being allot more resilient than I thought and this is the sole reason why

BTC as a whole is remarkably holding @ 450,  unfortunately the banks in china still need to issue notices and pull out their accounts. This should impact the price but considering the resolve BTC has showed so far my original estimates of a drop down to 380 are being revised upwards to 420 with a strong reversal to the 550 range in the coming weeks.

You can see further analysis at tradingview.com/s/bitcoin and less formal ideas at reddit.com/r/bitcoinmarkets

As to the arguments posted here about us dying, we are getting stronger and stronger each week, and it looks fairly unlikely this is gong to slow anytime soon. I posted my reasons on why all this doom and gloom stuff is complete BS last week, please look it up.

Im predicting a similar dividend next week of 0.00095 as the price of BTC dips to account for the final china withdrawal combined with an influx of new units on the 5th. And with BTC recoving from the 10th onwards I predict, giving few new machines, a dividend in the 0.0012 range seems the mosy plausible. I believe these are both very conservative as are all my estimates.

Interesting points for this week where the ridiculous buy taking us upto the 0.08 price. I was one of the lucky ones and sold out a chunk in the 0.075 - 0.008 range, ofcourse only to rebuy back in at the lower 0.07 boundary. I don't think there is anything to this large buy apart from a big player wanting in. I've said before this security is undervalued and I think as you all see the yield rise in the coming weeks you will understand where I was coming from.

Another interesting point of discussion will be the future IPO. as we run out of capital CryptX will no doubt look to add money so we cab grow our own units. Doing the math at current rates we could expect to add another 700-1000TH/S if these where issues around the 0.08 range. An update on this will no doubt be due in the coming months and will outline the future of this project.

Anyways, this is my analysis for this week. Would be good to get some discussion otherwise I hope you all have a great week.

Ps: im taking a holiday for a couple of weeks so I won't be checking this as much. Please don't let this place turn to shit because of a few idiots.

Peaceeee

My estimation is 0,001, so truly a record  

I'm gonna say we hit .001133 on divs today

Happy Mai everyone!

I think it will be a new record. Last dividend cycle, we'd added ~200TH/s that week, but it hadn't been mining for the whole cycle. This week, we've been +450TH/s all week. That has to add up to something good.

Yaaa. He's got a point. Our reinvestment cost is so low and so is are our hosting costs, if we die, the large majority of the rest would die before us

In better news. Anyone else expecting another record dividend this week? I don't even think it's gonna be close to last weeks. Putting it at 0.00091

It is rather amusing.

Its a shame about your analsys above though. In that situation bitcoin mining as a whole would cease to exist and then bitcoin would fail

I love this place.

Lol. He loves you mate.

Don't know why he keeps going on about neobee, guess he's gotta discredit you somehow  

Welcome back dude. Every friday to buy shares like clockwork.you should try being a bit less predictable! Try Thursday afternoon next time

Happy Mai  

In 4-6 months you should get your investment back otherwise you are making loses in mining. So mining devices companys are giving you a price for hardware, so you can ROI in 4-6 months. On the same, they develop new more efficient hardware, so they can sell you after 6-8 months new hardware.

thats 1x1 of mining since 2010. with that strategy there was possible to make 10% raise of difficulty every 10 days and mine without losing money, just making constant profits.

petamine is a bigscale failed experiment. Once broken up with selling their hardware, because they were technicaly incompetent. Now, they are technicaly able to manage their farm, but they are too late for ROI. There are financial procedures to bring the project on track, but first there will be loses for the masses.

When you look at their spreadsheet, they anticipated dividend going down, because of the their costs. Whatever, they calculated with max 3,5 PH raise a period, what was at the end of 2013 illusionary (because of the XBT jump). At that time 4 - 8 was realistic until end of 2014. As long the XBT stays low as now there should be no more higher jumps in difficulty. So a lower XBT price is living good in a symbiosis with mining.


@mikemikemike
we never forget and never forgive. because trolls and haters are destroing the world. so you still here to push petamine with your blind incompetance shown on neo&bee. Neo&bee stopped paying you? Petamine still paying you after your freak out?  i told you, go to parliament being a lobbyist and not harming bitcoins. But I guess you cant, when you such a butt-head.
Cmon start being cute again and repeat your sentance: "I was never ...... troll, hater, pusher, butt-head"

Lol.

* 5th of Mai.

Chances are its just some variance. Its huge but it might just be an issue with the stats

Im basing this on CryptX saying due to public holidays in belgium there would be no new units between the 1st and the 4th of may

The 5th of may is going to be an interesting day

did we really hit 580 or data error 

Ok Thank you for the clarifications !

Cheers   

From the February 22 update:


So the shares can still be sold, but they will have to add hashrate.

If i remember well, when the last ipo ended someone told that the unsolded shares will never reach the market again, no new ipo or diluition or shares sell...

CyptX could confirm that ?