[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 16.

Puppet

legendary

Activity: 980

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Quote from: Dexter770221 on August 28, 2014, 03:51:04 PM

Low divs was caused by troubles with cex.io https://bitcointalksearch.org/topic/m.8525065.

Sure, something is up at ghash. Good thing cryptx didnt listen to its shareholders and moved away from it.
That said, its not like they were supposed to be very high.
1GH = 0.00002109 BTC / day
Fee = 0.15 / $500 / 30 day/month= 0.00001
Expected dividend is therefore 0.00001109

From next week on, an important milestone will be achieved: fees will be higher than dividends and things will collapse real fast. it looks like ~850 satoshi's in 3 days, and a 20% increase after that will push it to ~450 satoshi's. At 365PH, with current BTC rate, its all over, and if the current network growth continues, that means in less than 2 months.

FWIW, my initial simulations showed it would happen by the end of the year, but I didnt foresee the BTC price drop.

Dexter770221

legendary

Activity: 1029

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Low divs was caused by troubles with cex.io https://bitcointalksearch.org/topic/m.8525065.
My miner also have had trouble to connect and stayed idle for few hours...

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: Jayjay04 on August 28, 2014, 11:00:36 AM

cex.io is at 0.0038 btc/GH and between 10 / 30 % fees !!!

For argument's sake, assume its 10% and cryptx 50% (too lazy to look up actual numbers), then the first one will keep paying out dividends until the network tenfolds, while the latter would be worth virtually zero once the network just doubles. Thats why fees are so important, and what doomed peta from the start.

Thats not to say cex.io isnt obscenely overpriced, because it definitely is, even after the price crashed 60+%. It will keep crashing.

nwfella

legendary

Activity: 1610

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Well hello there!

Quote from: fractal02 on August 28, 2014, 11:27:06 AM

Quote from: Jayjay04 on August 28, 2014, 11:00:36 AM

cex.io is at 0.0038 btc/GH and between 10 / 30 % fees !!!

Yep but you can sell quickly at CEX.

And very soon....no div at that rate...

1 bond normally is 1 GH/s but that don't work...see the actual div...

A very well made SCAM IMHO...well done CryptX...well done... Angry

Don't know that I would go so far as to call it an outright scam but certainly one helluva hustle at the very least.

thatguy42

newbie

Activity: 37

Merit: 0

Quote from: Netwerked on August 22, 2014, 10:42:25 AM

Quote from: oma5 on August 22, 2014, 10:31:36 AM

Quote from: Korbman on August 22, 2014, 07:47:11 AM

Quote from: JRBeagle on August 21, 2014, 11:41:12 PM

Either way the price has rallied from what some people said was certainly the death of PETA,I feel like I need Dramamine

The death knell for PETA was sounded ages ago...whether or not people choose to listen to it is a different story.

Yeah - but don't forget, one can make money in any market! Even on a dying enterprise!

Isn't that statement usually true, because you can usually short sell stocks, buy puts, or sell calls? I don't think Havelock offers that functionality.

Yes Havelock does offer that option. B.Exch, B.Mine, B.Sell.
The great thing about B.Mine, no electricity fees, no hosting fees,
daily dividends; dividends only change at difficulty changes.
Same payout per Gh/s as
https://alloscomp.com/bitcoin/calculator.
@5 gh/s per unit

CEX= .0037 per Gh/s ~ 1/3 fees
Peta= .0007 per Gh/s ~ 1/2 fees
Pbmining= .0033 per Gh/s no fees, cannot trade, div once a week
B.mine= .0024 per Gh/s no fees, can trade on market, daily div

fractal02

hero member

Activity: 504

Merit: 500

$Profile photo of fractal02$

Quote from: Jayjay04 on August 28, 2014, 11:00:36 AM

cex.io is at 0.0038 btc/GH and between 10 / 30 % fees !!!

Yep but you can sell quickly at CEX.

And very soon....no div at that rate...

1 bond normally is 1 GH/s but that don't work...see the actual div...

A very well made SCAM IMHO...well done CryptX...well done... Angry

Jayjay04

legendary

Activity: 1364

Merit: 1000

cex.io is at 0.0038 btc/GH and between 10 / 30 % fees !!!

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: Jayjay04 on August 28, 2014, 10:29:31 AM

Is it me, or Peta is a damn good bargin right now !!!

.00075 btc / Ghash

0.375 $ / Ghash

You have to figure in their fees when buying and/or comparing them to Cex or another mining company.

Jayjay04

legendary

Activity: 1364

Merit: 1000

Is it me, or Peta is a damn good bargin right now !!!

.00075 btc / Ghash

0.375 $ / Ghash

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: Swordsoffreedom on August 27, 2014, 09:30:02 PM

Quote from: nwfella on August 27, 2014, 09:23:36 PM

I wonder if I should pm CryptX the private key to my BTC wallet since it's looking like we remaining few will be owing him on the daily to continue running the gear we don't own here soon enough...I give it 8 weeks tops. :p

Death by difficulty alas it is the fate of all mining hardware, unless difficulty decreases which won't happen
Just slows down and then speeds up all over again

This asset died as a result of far more than just difficulty increases...trust me.

As for the shareholders, it's basically "death by unga-bunga"

Swordsoffreedom

legendary

Activity: 2884

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Leading Crypto Sports Betting & Casino Platform

Quote from: nwfella on August 27, 2014, 09:23:36 PM

I wonder if I should pm CryptX the private key to my BTC wallet since it's looking like we remaining few will be owing him on the daily to continue running the gear we don't own here soon enough...I give it 8 weeks tops. :p

Death by difficulty alas it is the fate of all mining hardware, unless difficulty decreases which won't happen
Just slows down and then speeds up all over again

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

I wonder if I should pm CryptX the private key to my BTC wallet since it's looking like we remaining few will be owing him on the daily to continue running the gear we don't own here soon enough...I give it 8 weeks tops. :p

stompysteve

hero member

Activity: 574

Merit: 500

Quote from: nwfella on August 27, 2014, 12:15:00 AM

Quote from: fonsie on August 26, 2014, 10:07:56 AM

Quote from: stompysteve on August 26, 2014, 09:54:18 AM

Quote from: fonsie on August 26, 2014, 09:36:43 AM

Quote from: ovdsm on August 26, 2014, 09:12:10 AM

Quote from: ChefBorjan on August 26, 2014, 06:32:24 AM

I bought in on this for a little while, but certain forum members quickly changed my mind. So.. er.. I guess... thanks.

thanks from me too. bought some shares back in July but sold it in a few weeks. even made a small overall profit from it.

however, many are speaking about that cryptx didn't turn everything to p2pool. how would that have helped to ~~fight against~~ keep up with increasing difficulty?

It wouldn't have helped againt the difficulty, but...

If the shareholders demand that their hardware is directed at P2Pool, they don't have to think about anything else, but to do as was told by their shareholders. ASAP

100% of the petamine is owned by the shareholders, those two dumbasses(or clever scammers) from CryptX have no right to overrule the shareholders... unless it's a scam, in that case it doesn't matter... shareholders are screwed either way.

it wouldnt have helped with divs, but I put the instructions on here how to do it

They probably thought "why bother, divs will be 0.000000 BTC sooner rather than later", lets invest our time in figuring out a new scam.

Certainly looking that way isn't it? Well at least we can all take some solace from the fact that CryptX will likely never have to hold down a legitimate job in his lifetime again. (banging my head against a wall here)

They would have had to charge extra hosting fees lol Tongue

stompysteve

hero member

Activity: 574

Merit: 500

Divs not bad at 957 for dropping down to 200 a few days ago

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: fonsie on August 26, 2014, 10:07:56 AM

Quote from: stompysteve on August 26, 2014, 09:54:18 AM

Quote from: fonsie on August 26, 2014, 09:36:43 AM

Quote from: ovdsm on August 26, 2014, 09:12:10 AM

Quote from: ChefBorjan on August 26, 2014, 06:32:24 AM

I bought in on this for a little while, but certain forum members quickly changed my mind. So.. er.. I guess... thanks.

thanks from me too. bought some shares back in July but sold it in a few weeks. even made a small overall profit from it.

however, many are speaking about that cryptx didn't turn everything to p2pool. how would that have helped to ~~fight against~~ keep up with increasing difficulty?

It wouldn't have helped againt the difficulty, but...

If the shareholders demand that their hardware is directed at P2Pool, they don't have to think about anything else, but to do as was told by their shareholders. ASAP

100% of the petamine is owned by the shareholders, those two dumbasses(or clever scammers) from CryptX have no right to overrule the shareholders... unless it's a scam, in that case it doesn't matter... shareholders are screwed either way.

it wouldnt have helped with divs, but I put the instructions on here how to do it

They probably thought "why bother, divs will be 0.000000 BTC sooner rather than later", lets invest our time in figuring out a new scam.

Certainly looking that way isn't it? Well at least we can all take some solace from the fact that CryptX will likely never have to hold down a legitimate job in his lifetime again. (banging my head against a wall here)

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: stompysteve on August 26, 2014, 09:54:18 AM

Quote from: fonsie on August 26, 2014, 09:36:43 AM

Quote from: ovdsm on August 26, 2014, 09:12:10 AM

Quote from: ChefBorjan on August 26, 2014, 06:32:24 AM

I bought in on this for a little while, but certain forum members quickly changed my mind. So.. er.. I guess... thanks.

thanks from me too. bought some shares back in July but sold it in a few weeks. even made a small overall profit from it.

however, many are speaking about that cryptx didn't turn everything to p2pool. how would that have helped to ~~fight against~~ keep up with increasing difficulty?

It wouldn't have helped againt the difficulty, but...

If the shareholders demand that their hardware is directed at P2Pool, they don't have to think about anything else, but to do as was told by their shareholders. ASAP

100% of the petamine is owned by the shareholders, those two dumbasses(or clever scammers) from CryptX have no right to overrule the shareholders... unless it's a scam, in that case it doesn't matter... shareholders are screwed either way.

it wouldnt have helped with divs, but I put the instructions on here how to do it

They probably thought "why bother, divs will be 0.000000 BTC sooner rather than later", lets invest our time in figuring out a new scam.

stompysteve

hero member

Activity: 574

Merit: 500

Quote from: fonsie on August 26, 2014, 09:36:43 AM

Quote from: ovdsm on August 26, 2014, 09:12:10 AM

Quote from: ChefBorjan on August 26, 2014, 06:32:24 AM

I bought in on this for a little while, but certain forum members quickly changed my mind. So.. er.. I guess... thanks.

thanks from me too. bought some shares back in July but sold it in a few weeks. even made a small overall profit from it.

however, many are speaking about that cryptx didn't turn everything to p2pool. how would that have helped to ~~fight against~~ keep up with increasing difficulty?

It wouldn't have helped againt the difficulty, but...

If the shareholders demand that their hardware is directed at P2Pool, they don't have to think about anything else, but to do as was told by their shareholders. ASAP

100% of the petamine is owned by the shareholders, those two dumbasses(or clever scammers) from CryptX have no right to overrule the shareholders... unless it's a scam, in that case it doesn't matter... shareholders are screwed either way.

it wouldnt have helped with divs, but I put the instructions on here how to do it

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: ovdsm on August 26, 2014, 09:12:10 AM

Quote from: ChefBorjan on August 26, 2014, 06:32:24 AM

I bought in on this for a little while, but certain forum members quickly changed my mind. So.. er.. I guess... thanks.

thanks from me too. bought some shares back in July but sold it in a few weeks. even made a small overall profit from it.

however, many are speaking about that cryptx didn't turn everything to p2pool. how would that have helped to ~~fight against~~ keep up with increasing difficulty?

It wouldn't have helped againt the difficulty, but...

If the shareholders demand that their hardware is directed at P2Pool, they don't have to think about anything else, but to do as was told by their shareholders. ASAP

100% of the petamine is owned by the shareholders, those two dumbasses(or clever scammers) from CryptX have no right to overrule the shareholders... unless it's a scam, in that case it doesn't matter... shareholders are screwed either way.

ovdsm

newbie

Activity: 27

Merit: 0

Quote from: ChefBorjan on August 26, 2014, 06:32:24 AM

I bought in on this for a little while, but certain forum members quickly changed my mind. So.. er.. I guess... thanks.

thanks from me too. bought some shares back in July but sold it in a few weeks. even made a small overall profit from it.

however, many are speaking about that cryptx didn't turn everything to p2pool. how would that have helped to ~~fight against~~ keep up with increasing difficulty?

dexu

full member

Activity: 155

Merit: 100

2014-08-26 0.00000836 BTC for today.

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 16. (Read 565829 times)