Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 157. (Read 565837 times)

Slowing down?
currently 266th for some time. Was 288 previously

I love the sheer amount of speculation in this thread, CryptX must be having quite the giggle.

On another note, 477 shares wall disappeared from the sell side yesterday, which is a nice sign. That wall was going to be a killer for any future growth for the SP.

Gonna be an important week, we had nearly 100 TH/s last week, will be interesting to see how many we bring online this week, will give us a good indicator to make more acurrate predictions.

Looking at the current hashrate and the blockchain, my dividend estimate for this week is @ 0.00078.

Okay. My view on this is that it doens´t have to be specified in the contract, but most likely is.

Anyway, in the end it only matters that we get compensation, and not on what legal grounds it was provided.

I have never said such thing. I have only said that for compensation to happen, it should be specified in the contract.

Again, do you really believe, a reputable and experienced company in the bitcoin sphere like cryptx would not think of terms that apply when delivery is late,
especially when it was already late once?

Do you really think they just forgot that late delivery might be a problem?

Also:
This states that the producer has to compensate for late delivery, if any occurs.

But again, I am sure cryptx didn´t just forget that there was a possibility that bitmine would deliver late a second time.

Yeah. And such law states that the contract can be dissolved in such cases (not sure if that is the correct term..) and petamine received a part of their money back. IANAL, but business-to-business sales generally assume that both sides know what they're doing and lacks many of the protection stuff that exists on the consumer side. If compensation is not in the contract, the chance of getting any is small.

As stated by Cryptx, the revised delivery schedule of the desks/rigs was based on the new contract they had signed with bitmine.
("The latest release of our deployment schedule was based on written and contractual agreed schedule from Bitmine upon visiting them in Switzerland.")

See how it says contractual agreed schedule in the quote? That means it is a legally binding document.
When contracts are not held by one party, a compensation has to be provided.

The new contract was calculated with the shipping delay as stated in the contract (ie x number of TH/s per week) in mind.
How much compensation is actually in order, that is for cryptx and bitmine to agree on.

Fact is, there is a right for compensation and it will have to be provided.

On a side note, the bitmine/innosilicon A1 chip can now be produced at way lower than 1$/GH/s as all NRE costs are already payed.



Yes they are, this is covered by contract law.

Furthermore i highly doubt that cryptx didn´t include certain clauses, seeing that shipment had already been delayed once, so likely would be twice, seeing that this is a highly time-sensitive business.

They are not entitled to any compensation unless such clause was included in the contract.

Why not? Bitmine was contractually obligated to deliver all the hardware by early April.

They are in violation of this contract and we are therefore entitled to compensation.

woah, calm down a little, there could be many reasons for a brief outage..(so far this is the first it's happened) without knowing the reasons,  wouldn't go jumping down their throats too quickly demanding recompensation


It was my opinion the 700TH boost was already factoring in the inevitable (even then) compensation from both Cointerra and Bitmine for late&underperforming hardware , I certainly am not expecting to be preparing for more excellent news (Extra compensation) from those suppliers

For a professional miner, it is unforgivable to have all miners down. They should compensate shareholders lost by reduce the hosting fee in this week's dividend.

Uh yeah that doesn´t look to good...
But it is rising again so the equipment is restarting at the moment.

Maybe they tripped a breaker or had to take it down to install a few more 240V lines or sth.

Machines offline? What's going on? Near hardware? Power outage?

While the exact numbers are wild speculation, it remains a fact that when a contract is violated, compensation is given.

Therefore the only question is how much, so prepare for even more excellent news.

Yeah, its late and I got ahead of myself. I need to think some more to make it work. I didn't account for the spread, thats a very big oversight on my part.
I will check out that site, and I just might send you a pm.

ahh fair enough dude. if you can make money day trading the shares and collecting the dividends then great. i wish you the best of luck. there's always opportunities to make money there, as there is with all other securities

where i am uber skeptical is when people say they have a sure fire way of winning the bet itself as its based on difficulty rises and falls. which unless people know what the difficulty is going to be in a few weeks, then they are just guessing along with most of the rest of the market

but it sounds like your going down the trading route, so yeah, perfect. derivatives themselves are a messy game unless you understand the fundamentals in full, enough to make an accurate prediction on the derived true value, you then need to find people willing to buy and sell at prices better than your predictions, usually the only way to do this properly is with custom made trading bots as most of the market should already be full of these bots making their own predictions - these things are financial instruments for the serious players, your banks and financial institutions - even i don't have the balls to go in deep as there our people out there that can predict the mining difficulty game allot better than i can, and that's what these instruments are for

but yeh, if you think you've found a trading system for the shares themselves then great!

bit of a hint but if your going to try day trading systems, check out DGEX.com. the way their trading system is set up allows people with larger amounts of funds to make a relatively stable income with an extremely basic system. check it out sometime. its where i started out, and if you've got a keen eye you'll realize pretty quickly how to exploit it. feel free to drop me a PM if its not apparent and i'll explain in a bit more detail

anyways, best of luck!

Its not a golden ticket, just some well timed buy/sell orders.

I am kicking myself for not seeing it before now, but then again I hadn't looked to closely in the past.
And the price was probably me, I am playing around with a few shares and havelock was acting up, I would put in a buy up to what I was willing to pay and the trades would freeze on me. Overall I didn't do too bad, I averaged .007/ghs all said and done.
Honestly, I don't understand derivatives 100% but I am willing to pay for my education, either I grasp it off the bat, or I pay some tuition, either way I will learn.

dude. right after you posted this someone overpaid on BDD.Mine by a huge amount. a buy like that, at those prices, makes very little sense as it assumes we will see difficulty start to fall at an extremely sharp rate. just saying, make sure you fully understand whats going on. anyone who thinks they can beat the system when it comes to derivatives is usually making a huge mistake somewhere, i mean, not everyone, but 99.9% of people. best of luck though.

and yeah, if you've found the golden ticket then keep it to yourself. you'll deserve it.

Not sure if your a troll or not, and this post might get deleted as being off topic but...

I have never looked closely at the BDD until I read your bickering about it on here.
In a matter of minutes I figured out how to make a decent amount of money off BDD, I will not post this publicly because it creates competition, but it is possible to do what you are saying. I have not run any forecasts as to potential profit, but I am going to test my idea live and I am 100% certain that it will work.

Looks like someone did what I told. BDD.Mine is 0.04 now, lol.