Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 148. (Read 565833 times)

lol. only time will tell, but number's dont lie, either do adoption cycles. sleep well dude, ive only just woke up from a 14 hour sleep myself  

Only time will tell.. I realized I made a huge error in my last post I calculated 12000btc as 10% of bitcoin out there, it's only 1%. Not merely enough to move the market that much, it's way past my bedtime. My bad lol

your going to be a VERY happy man. $2000 is about as conservative as it gets. if you run the numbers we should see $4000-$5000 before a drop down to the $1000-1200 range. check the graph i posted above. these cycles are about as a predictable as it gets. the ONLY things, and its the ONLY things that would stop this, would be a 51% attack or FINCEN killing the industry. both of these are extremely unlikely.

Sorry dude, but the amount of money being pumped in means very little compared to the price psychology. You could pump in tens of millions but if the market thinks the price should be less than it currently is, then the price is going down. just like technology the price of BTC follows a very specific adoption cycle, a cycle that hasn't been broken for the last few years and has been confirmed time after time it will still carry on for atleast one more big pump and dump. we will see $2000 BTC before November easy without a doubt. it will be back in all the papers saying OMG look at bitcoin, then a couple months later everyone will be raving about its death, AGAIN. this cycle will carry on going until we have stability, but stability won't happen until major adoption.

also, dude, tens of millions is small money compared to whats about to happen with wallstreet. when second-market comes online and so do the ETF's, that ten million will look allot like the earth compared to saturn or jupiter.

Friedcat saves our asses.

During these next couple of months when asicminer is converting anywhere between $5-10MILLION US into BTC for 400,000 shareholders dividends from 10.9million GH of chip sales I dare say we will surpass the $500 BTC mark and start rising a bit again. As people see a bit of a spike in bitcoin price from the large buys, I'm sure they will follow suit and drive it up too.

I'm not even going to dignify you with an answer to that. you and BCMine have gotta be the only fucking people in this thread who don't know how much reinvestment is being spent and for what hardware. seriously, every time you post you make it clear time after time you don't understand the specifics of this project, nor do you read what is being written or what has been written. The only reason i see you being here is to be the slightly smarter version of dumb and dumber.

just for the people on this forum who don't know what they are doing but unlike you, don't chose to post because of it.

((BTC Spent x BTC Price)/Number of GH's received) = Price per GH/s

((30x440)/6000)=2.2

also, im not going to tell you were you can find the numbers for BTC spent or how many units we receive for it. if you don't already know it then thats your problem.

Good luck finding out exactly what reinvestment brought us what hardware...

he doesn't need one. take the amount we spend in reinvestment, and divide it by the amount of units we receive, then times it by their hashing power.

also, while im here.


RENT is only trading above its first IPO price because of an incremental IPO that they are still releasing.


No, this is crazy. why should they? its clear the original delays were out of their hands and impacted pretty much the whole industry. But its clear they are now working their asses off to smash through our original schedule.

anyways.

i love how this place turns to shit. i mean, every time it does the share price drops and i make money, which is great, but its mostly silly what's being written here. BTC will rise at a ridiculous rate in the new few months, difficulty will also go up with it. All this talk that difficulty will stagnate when we have all the GEN3 chips coming through soon is crazy.

all that matters in our space is deployment.

By saying PETA-MINE is going to die your basically saying the rest of the mining industry will die to. compared to everyone else, we have low costs, cheap reinvestment, we even have our own fucking machines that we can build to circumvent third-party suppliers. we're better placed than ALL of the competition apart from one potential startup that hasn't even built their first machine yet.

the most annoying thing, and i tell you, the most fucking annoying thing, is all this doom and gloom if things carry on the way they are going this project is going to the shit. BTC isn't going to continue to drop, we're just recovering from the last bubble and getting hit week in week out with bad news from china. this isn't going to continue. the rise last week to the $500's was the first week we've had without china dragging us down. but its end of days in china right now and the market is becoming more and more resilient to it each week. if you listen to any of the news coming out from the big traders, things that were written months and months ago, all of this has been expected and predicted a long time ago. i've posted links here before to where you can follow this insight but im not going to post it again.

gahhhh. i love mondays.

to cheer you all up, we have mined nearly 90 BTC already this week. the next dividend is going to smash the last one, even with the price of BTC falling. and when the next batch of our new units come through so will the next one.

i can't understand how the sentiment here changes so quickly on a weekly basis. anyways, keep it going guys, without all this bullshit, and most of it is, i'd be allot poorer than i was yesterday.

/rant

peaceee

I'll throw it there:
Shouldn't Cryptx help the shareholders for the missing deployment with cheaper fees until deployment is as expected?
 

Source?

don't worry dude. the current BTC price is expected. we will smash the all time high again soon. even with the china news bringing us down it still can't break the bubble cycle. The fact the news from China that came out last night that all the banks have been told to stop taking BTC and the price only dropped by $15-20 dollars is testament to this. we will see it drop further as the news impacts the banks but if we stay solid above $400, apart from a drop down to $300 range for the odd flash crash, then by mid-late june we will be at $1000 and rising.

http://imgur.com/a/YOV7t

Total of 1000 Bitcoins mined this week
Up to the 10 K

500 USD + Bitcoin would be great for dividends though.

weak hands.

Yes, you should add difficulty here. Each time difficulty increasing means we need to output more power to acquire the same amount of btc, that means more higher hosting fee.  1% more difficulty = 1% more hosting fee.



There is no cheaper electricity in this project. Petamine charges hosting fee 0.45 $/kwh. See? It's based on the electricity. Unless they are willing to reduce their salary.

Find other power efficiency chips is one way.



Right now as I know, Petamine's reinvestment is around 2.2 USD/Ghs. Which is not bad, currently the cheapest Ghs in the market. And that brings us about 3% of current hash rate growing each week. However, the total network is growing like 7%~8% each week. Which means we are falling behind. And I suspect the difficulty growing is not going to slow down before September. So I think it's a very harsh situation to shareholders right now. Petamine doesn't care about this, because they charge based on electricity consumed. So the problem is going to be considered by shareholders. The solution is quite clear - BTC price need to be doubled , so we are able to reinvestment more Ghs to catch up with the difficulty growing. (Assuming price rise doesn't lead to insane difficulty growing rate.)
Or Petamine needs to lower the hosting fee so that we can deploy more Ghs with the reinvestment part.
And both of these are not controlled by us. So I think the dividends are about to start decreasing in the next 2 or 3 weeks.
That's why the share price are keeping around 0.065, and I don't think it's undervalued right now.

Wow someone just drop around 300 shares and clean up bids up to 0.06

oh, and if difficulty and btc price doesn't move, and we don't deploy nothing more, this week Div should be 0.001252787

 

http://imgur.com/P0myVrg

Price or btc values, in % (looks the same).

I've added the BTC price for each dividend pay date, as a reference.
Hosting cost keeps rising and looks (correctly) correlated to btc price (until last week, were massive deployment happened... so should be fine).

I'm not convinced that I'm looking at data correctly. Maybe I should add difficulty in there?

If the trend keeps going this way, by the 1st of August we should have:
75% for Hosting
9% reinvestment
16% dividends.

At the end of September, the dividends go to zero.

Of course, only if the BTC/$ trend keeps falling and if we can't deploy at cheaper costs. I think that the focus now will really be on the new boards and on less power consumption units (or cheaper electricity?)

Reinvestment looks good until now, over 20% while difficulty didn't keep the same rate.
Am I reading this completely wrong? Does anyone have a nice excel to share?

Why is it every time your reasoning paints you into a corner, you start questioning people's agendas?  What frickin' difference does it make?  2+2=4 regardless of the intent behind it, and no matter who speaks it -- Hitler or Gandhi.


Give it a couple of weeks, Havelock usually has none

*As far as being the stock graveyard, yeah.  But due to shortages, a few of the crypts have been repurposed into maternity wards, birthing freaks and crimes against nature, like SF1/SE2 etc., etc. -- perversities fated to short, painful lives and protracted, drawn-out deaths (see every stock on Havelock, including its own HIF, lol). Simultaneously, third-trimester abortions are being tried and aborted -- see NeoBee and COG.  

Weird times.

Yes, they as a lot of people think that something can increase at a fixed % until the end of time.
I am not sure how to explain in mathematical jargon, I see it from the pov of stock prices.
Example, stock xyz is priced at 1$, it takes very little buying pressure to double the price to 2$.
If its priced at 100$ it takes even more to double it, at 1000$ even more, etc.

These are the same people projecting 30 and 40% increases till the end of time. By now we should at 1trillion or better for difficulty if they had been right.

I keep posting this, and certain few keep ignoring it.
When the network hits 100phs it will take 15phs to raise the difficulty by 15%.
At 115phs, 17.25phs is needed for 15% growth. 132.25*15% = 19.8375, etc.

We can't know when we will see the difficulty slow down, but the higher it gets the more likely it is that the difficulty will slow.