Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 159. (Read 565837 times)

Bitcoin Difficulty Derivative (BDD) is a set of three distinct linked securities, BDD.MINE, BDD.SELL, and BDD.EXCHANGE, that allows users to speculate on the future of the Bitcoin Network Difficulty.

BDD.MINE acts as a 5 GH/s (5 GigaHash per second) Mining Bond
BDD.SELL is a bet that buyers will overvalue BDD.MINE
BDD.EXCHANGE is the security that can be purchased to receive a BDD Pair (1 BDD.MINE and 1 BDD.SELL)

Please help me to make my choice
PETA: https://www.havelockinvestments.com/fund.php?symbol=PETA or
MINE: https://www.havelockinvestments.com/fund.php?symbol=B.MINE

PETA: 300000 GH/s / 80674 shares = 3.71867 GH/s/share, price: 0.067138 BTC/share
MINE: 5 GH/S/share, price: 0.029 BTC/share

The price of 1 GH/s for PETA is 0.018054 BTC/GH/s
The price of 1 GH/s for MINE is 0.0058 BTC/GH/s
Please help me to make my choice

I just wanted to present this option, cryptx might already have thought about this.

This would be mutually beneficial, as bitmine could focus more on their retail market, pleasing more of their waiting customers, while still retaining a profit from the chips they sold, are selling and will be selling to us.

However, if parts etc. need a huge lead time or cryptx wouldn´t be able to source them in quantity, this would not really be an option.
(I do not really think this though because we are already deploying a fairly large amount of GH)

guys, CryptX and bitmine clearly have a very close relationship. I would assume whatever decisions they have come to are mutually beneficial for both companies. us speculating about what they should do most of the time is going to be counter-productive. let them deal with the business. if anything, we should be helping out with promotion and PR, these are probably the only two things we can contribute.

I also totally agree if there's not any contract points with Bitmine which could prevent that. There's certainly a lot of well capable companies out there who could do the job with better cost-effectivity, if CryptX's current resources are not enough...

We've increased size by nearly 50% within a week. this should just be the beginning as well as production is ramped up. looks like we will make our 2% target!

YAY, over 300TH/s and 15 min meter is out of the scale now!  

Problems within a few days. We need a new speedometer.. 

Totally agree with you.
Convert those orders into chips would be great. And by doing that maybe we can hit 1 PH/s very soon.

i'll be in beijing for a few weeks sometime in october; ill have to check the exact dates but i'll give you a shout closer to the time, and if your still up for it then great. as for an investors meeting, if we could, it should be quite a laugh. would be great if we could get an appearance from CryptX themselves? would like to meet the people behind the project, would happily buy them a drink or three.

Good job on the custom systems.

@Cryptx

As Bitmine´s production remains low and they didn´t meet their contractually stated deadlines again, would it be an option to simply convert the order of rigs/desks into a larger order of Chips?
(larger because assembly cost, PSU cost etc., aswell as compensation for late delivery...)

Assuming you can produce a decent amount of units per week (which this week has shown us) this might be a faster, cheaper solution with considerable advantages for both us and them.

I dont know the leadtime for parts used in your system. However, i think hat bitmine might also be happy with that agreement,
as they would no longer need to compensate for their continouing delay.

I am extremely happy with the job CryptX is doing!
Kudos to you! It's a pleasure to come to this thread everyday.
It would be great if we could organise an investor meeting somewhere someday.
Anybody who is coming to China (Beijing) send me a pm to meet up for a beer or three.

BUT:
What is going on with Bitmine is bothering me quite a lot. I have followed their official thread. The last update was over a week ago and did not contain any specific information whatsoever. Although I am just a small investor in this venture we all could be much better of if they had delivered their rigs in time.
Sure bitmine might be a small company in a difficult situation but they have received big amounts of cash, given out guarantees and are not/late delivering. With every week that passes we loose how much of possible profits and reinvestments?
250 TH: 8k USD per day? 250k per month?

PS:
I am presently making enquiries how much it would cost to host Chinese miners directly in a professional datacenter in Beijing.
I will send the results to CryptX via PM/email and post the results here. That way we could save transportation and tax and would not have to ramp up the Belgian datacenter. I don't want to make any profit with this just want to contribute to this great venture. Happy Easter everybody!

Nice payout.  Keep up the good work cryptx. 

*Digging the NMC boost, any word on IXC and DVC situation?  Again, would love to cast my vote for auto-reinvestment in hardware for those as well.

Hummm very interesting!  How about ... if Cryptx says changing the weekly dividend timing is a reasonable thing to do (who knows, maybe there are business reasons or tech nuisances that we couldn't know), then some of you geniuses figure out what time(s) in the week are best (based on historical data and/or logical reasoning) and decide something, with some numbers to show how much BTC would have been saved.  Then Cryptx can change the dividend timing, giving us one short or long "week", which will create its own exception in the ongoing financial analyses but there you have it.
(btw when I say "you geniuses" I mean it affectionately.    I definitely don't have the interest in doing something like this, but I appreciate that others do, and it could be useful for all of us long-term.)
Cheers all and esp. to Cryptx team!
J

Fantastic! PetaMine makes Fridays excellent.

Can you tell us anything about the custom boards, or is it top secret? I'm just very curious, what does the magic look like?

omg

#win

Dividend:

117.11415716 BTC in total from mining and converted NMC's:
- 54.99030742 as Dividend (0.00068164 BTC / share)
- 29.61016553 Reinvestment (which will be reinvested in new systems, 5 x 1TH units)
- 32.51368421 Hosting Fee

Status Update:
- We deployed our first new production units and they are steadily hashing, additional units should also arrive in the coming week.
- There was some speculation about the 23.399 BTC deposit, this was just a manual withdrawal request from ghash.io for mined coins. So, 350 Chips are still for sale.

maybe the people selling fall into those day trader category, where the profit selling the shares is greater than divideny payout.

The risk with this strategy is the share price going up, and them no being able to rebuy in at lower cost price

e.g.

Day Trader buys 10 shares for 0.05  each on Wednesday = 0.5
Dividend comes out on Friday at 0.0005 per share = 10 x 0.0005 = 0.005. Total value is 0.505
On Friday share price is 0.051 before dividend, selling 10 shares would be 0.51

In this scenario, selling the shares before dividend is more profitable

The trader would then put a buy order in for 10 shares at 0.05 each, hoping to buyback in for original share price, holding onto his 0.01 profit. The risk is if the share price increases rather than decreases the trader may lose their profit buying back in.

0.00068164/0.0675 * 52 = 52%
You invest 1btc and two years later you have 1 btc plus the value of your share.  

The value of share depends if we can overpass and grow faster than the difficulty.

If we stay like this (comparatively to diff) I think the real value is somewhere near  0.1/share when people will have some trust.

If the bitcoin reach again $1000 or why not $2000 and is popular in shops and consumers wallets, the share value would be... may be... 1 BTC

Selling before dividends for 3 reasons:

1 - the reason you mention
2 - lower than expected div means price will drop, so those with low div expectations sell to avoid drop
3 - price usually swells the day before divs payout, so some people buy on wed/thurs and sell right before div payout