Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 153. (Read 565837 times)

Dude, we were at 200 TH/s a week ago. This is already the best sign we could have hoped for. Im gonna liquidate and send us back to the moon soon. Never been happier with one of my investments. To put this in perspective, the SP is the same as it was a week ago. We are still getting phenomenonal value. Wish bcmine was still here to spread fud as I think the opportunity for cheap shares is going to die very shortly. Were early adopters in what is the best securities investment going. Im over the moon, would hug the shit out of cryptx if I saw them

we broke 450, 1hr hasn't caught up yet though
460.45 TH 15min
404.99 TH 1hr

Im probably speculating but I wouldn't be surprise if bitmine is delivering... Maybe the PCB they are using is our design and in exchange we get delivered first... is that remotely possible?

finger cross we go above 500terra today... if we break 450terra that would be a great sign for us

Jesus christ. I hate using this saying but were going to the moon. 100 TH/s last week, 130+ this week. Call me pessimistic but I cant see us keeping this up. This is beyond ridiculous.

there we go 434terra  

to the moon

Your post from 5:09 gives the impression that you run a bot, that is apparently not selling anything which you believe has the side effect of keeping the price down.

Now you're saying you're not buying or selling anything, so i probably misunderstood your earlier post.

Right- I'm not selling any shares but I'm not buying either; not buying shares contributes about as much to demand as not selling contributes to supply, What's that got to do with a bot which continuously undercuts asks? 

You say that you're not selling any shares. that means that you are buying in some way. Buying creates demand.

110btc on blockchain + we should be mine 28btc a day = 0.000803207 dividends tomorrow, not counting altcoins/processors or eventual more TH/s added today.

not bad

I'd say it's easier to just observe yourself, it's not creating any demand as far as I could tell.

Follow the money = then it's a bot from havelock?
This would be an interesting twist!!!

You run a bot that creates supply but not demand, and now you're arguing that that 'keeps the price down'

Edit: that statement is wrong. Your bot creates demand, not supply. The question still stands though.


that sounds really cool, but it just doesn't work. The effect of buying will cancel out the effect of the bot. The only one that will profit from such a move is havelock.

Next dividend will be higher than 0.0008 

My thanks was referred to the time spent to reply to my question. I tend to be over-polite sometimes.

Assuming the bot is run by someone who has buying capabilities (funds available), he may want to keep the price down to purchase more shares, even if the bot makes him lose some little money. Or, assuming a long term shot, keeping the price down may attract more investors who see the high yearly interest, creating the opportunity to sell his ipo purchased shares.
There are many different scenarios involve here. Guessing is just a fun game for now.

Market cap is over 5000 btc now, I feel like a really small fish and there must be some really big whales out there playing with small losses today, with an eye on the future of this. And at the same time, it is fairly possible that they are "betting" on them being smarter than others.... and they could be wrong.

For sure, Cryptx knows who are the big whales and with minimum analysis find out how they are playing with their shares. Confidential info, for sure, not asking anything here!

My official next dividend guess: 0.00076564

*Some pic's of the datacenter would be pretty neat if you get some free time cryptx

Just did some math, thanks to thegenesisblock.
Cointerra's terraminer IV becomes an immediate loss at 164090MM with $/kwh at 12c which is what I pay. I live near a nuclear plant.
At 30c/kwh it becomes a net loss at 66570MM. I define loss as not mining enough to pay for its own power.

I don't know what KNC, CEX, or any others actually pay per kwh, but I would bet that if the btc/usd exchange rate flatlines for just another 6 months at most we will start see small to medium miners shutting down their rigs.

We do indeed have a LOT of hardware in research/design and production stages worldwide, but just because they are being built doesn't mean they have to turned on if someone can't afford to at the least pay the powerbill from what they mine.
Some hobby miners might be able to foot the power bill for a few months giving the price time to recover, but it will likely happen faster than you think it will. You can't count out other sha coins as a target for that hashing power. PPC seems to be getting quite the boost as of late, 50% or so increase in the last couple of weeks.

To clarify, I don't believe that the price will stay this low for much longer. We may see another dip testing the 350$ range, but if it holds and rebounds from that for a 4th time all is well. IMO there is too much interest in BTC from both the services IE exchanges/businesses, etc and the BTC as a commodity to invest in angles that there is no good reason for it not to start climbing again.

The hashrate will stagnate / drop only if BTC remains stagnant/dropping over a prolonged period of time (I would say 12+ months). For any time period less than that, there is still mining equipment already being funded/manufactured.

Once the mining equipment is being manufactured/shipping, someone is going to use to for its one and only purpose. BTC would have to be down and stay down for a long time for the difficulty to actually stagnate. Decreasing is even more unlikely, as all profitable hashpower (with respect to electricity cost) would be kept online since it would be making the same amount of / more BTC compared to its previous difficulty period's outputs.

At that point though, the network hashrate will stagnate or start dropping in which case our dividends will increase.
I do agree with you though that if the connections and funds are available starting research into 20nm or smaller now will only help us down the road.
Slightly off topic, but you triggered a geek moment. I wonder if anyone is looking into the fiber optic switching for chips.

Edit: I was correct.
http://www.intel.com/pressroom/archive/releases/2010/20100727comp_sm.htm
In 2010 they had an experimental chip that could do 50gbps.

'scalping' is the wrong word. it is not even selling these shares. if the bot is yours you will already know the behavior well, if not just take a look at the orderbook and try and sell say; 2 shares for a better understanding

The other thing we cannot control is Bitcoin's price. If bitcoin's price keeps around USD$500, and network hashrate keeps going up to 200PH/s, by that time we shareholders would receive nothing as dividends. Unless Cryptx starts to deploy better GHs/Watts miners. So it's necessary to start next gen custom boards research/production, using better chips like AM gen3 chips or something else.