[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 164.

Oztwinpeaks

full member

Activity: 133

Merit: 100

Quote from: SamboNZ on April 13, 2014, 07:26:25 AM

So after further reading I found a mining pool address: http://eligius.st/~wizkid057/newstats/userstats.php/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6

Is this still valid? If so, why is it only showing 1TH/s?

They've moved pools- look at http://www.peta-mine.co/stats/ instead. 201TH/s

SamboNZ

sr. member

Activity: 1064

Merit: 253

So after further reading I found a mining pool address: http://eligius.st/~wizkid057/newstats/userstats.php/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6

Is this still valid? If so, why is it only showing 1TH/s?

ujka

hero member

Activity: 630

Merit: 500

Quote from: kenmomotaro on April 13, 2014, 04:55:26 AM

Quote from: MonkeyBear68 on April 13, 2014, 04:47:25 AM

Quote from: ujka on April 13, 2014, 02:11:18 AM

If we are at early predictions...
0.00061789

Or 0.0008 ?
just noticed a tx of 23.399 btc on PETA address. Chips are sold?

If the chips are sold, then will the BTC be used to buy more of the new line of chips or simply be used for dividends?

If it is used for dividends then it cannot simply be added to the total mined, as the hosting fee should not apply to the BTC derived from the sale of those chips.

I agree it should be used for buying new hardware. As for those money's initial purpose.

Hosting fee is applied based on eletricity consumption of every week, and does not apply on sales, but the amount will be added to weekly dividends:

Quote

The revenue will be added to the total dividend of the week in which all the chips are sold.

Edit:
Anyway, seems like chips are still not sold: https://bitcointalksearch.org/topic/wts-350-a1-chips-in-stock-new-price-10btc-562075

ujka

hero member

Activity: 630

Merit: 500

Quote from: ?? on ??

3) How are CryptX making money from this venture?

Isn't $0.45/kwh enough to make money in this project?

kenmomotaro

member

Activity: 66

Merit: 10

Quote from: MonkeyBear68 on April 13, 2014, 04:47:25 AM

Quote from: ujka on April 13, 2014, 02:11:18 AM

If we are at early predictions...
0.00061789

Or 0.0008 ?
just noticed a tx of 23.399 btc on PETA address. Chips are sold?

If the chips are sold, then will the BTC be used to buy more of the new line of chips or simply be used for dividends?

If it is used for dividends then it cannot simply be added to the total mined, as the hosting fee should not apply to the BTC derived from the sale of those chips.

I agree it should be used for buying new hardware. As for those money's initial purpose.

MonkeyBear68

full member

Activity: 154

Merit: 100

Quote from: ujka on April 13, 2014, 02:11:18 AM

If we are at early predictions...
0.00061789

Or 0.0008 ?
just noticed a tx of 23.399 btc on PETA address. Chips are sold?

If the chips are sold, then will the BTC be used to buy more of the new line of chips or simply be used for dividends?

If it is used for dividends then it cannot simply be added to the total mined, as the hosting fee should not apply to the BTC derived from the sale of those chips.

ujka

hero member

Activity: 630

Merit: 500

If we are at early predictions...
0.00061789

Or 0.0008 ?
just noticed a tx of 23.399 btc on PETA address. Chips are sold?

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

0.00059214 (early prediction for next dividend, irrespective of btc price) <---how's that for bold?

"Squid launcher!! Oh yeah!!"

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: E f f e c T on April 12, 2014, 08:43:48 AM

CryptX, what is the estimated rate of unit production per week?

in your original estimations you said you could deliver 250TH/s in three weeks, does this still stand?

No reason for this not to stand, they said they had designed a unit capable of 500ths that could be deployed in a matter of weeks.
From their havelock update february 22nd.

Quote

4. Hosting capacity

We own our own datacenter which has currently a capacity up to 750 TH/s, which enables us to deploy very fast and use custom designed hardware. We have engineered a standard unit with a hosting capacity of 500 TH/s, which can be installed fully operational in a matter of weeks. This enables us to expand at a very fast pace.

oma5

newbie

Activity: 37

Merit: 0

I concur with ujka that Bitcoin is bigger than PETA. The big picture for Bitcoin is not only in low cost payments and such, but also the amazing applications of the technology that are in the works. I believe this will be a disruptor in the financial markets. That's why there is all this incessant negative press that far outweighs the positive. Being a contrarian investor, I really get excited about these kinds of things. I have been invested in Bitcoin since Dec. 2012 and love what's happened. I'm in it for the long term and think that PETA-mine is the place to be at the moment. The drop in the price is only an opportunity to buy more and I love to use the tactic of stink bids to do it - but only if the fundamentals are sound. Volatile markets pretty well always deliver.

BTW: How about we stop the mud slinging, which is not helpful. These are opinions we are posting and we all have our various reasons for posting them. But they are only opinions. Some of us will win and some of us will loose - that's just the nature of the beast. Mud slinging will not change that and it does not help anyone make better decisions. Constructive input would be more helpful.

ujka

hero member

Activity: 630

Merit: 500

Quote from: oma5 on April 12, 2014, 10:06:58 AM

Since I bought shares, I have noticed that almost without exception the share price drops in the days before the dividend payout and then over the weekend the share price rises! Weird that people sell before they receive their dividend, and then buy after the dividend opportunity is lost! On Wednesday I put in a stink bid with my earned dividends, and on Thursday I was totally surprised that my order was filled. Now since that purchase, the share price is up over 46% in just three days plus I got my additional dividend!!! Will the share price drop again next Wednesday? I hope so, so I can repeat this again!!! Wink

You have to look at the bigger picture around Bitcoin, not only PETA project. This week we had a big drop in BTC price, and that influenced the share price here. The most two days ago.
Yesterday, but after dividends payout, CryptX announced custom boards are in production. That's great news, that we can start own production after all the delays on Bitmine part, and shares went up.

Darkstone2

full member

Activity: 154

Merit: 100

I suggest that you keep those lies to yourself. I don't run bots on petamine's share market, the phenomena oma5 mentioned exists on almost every market that deals with dividends.

Elvis Trout

member

Activity: 116

Merit: 10

Quote from: oma5 on April 12, 2014, 10:06:58 AM

Since I bought shares, I have noticed that almost without exception the share price drops in the days before the dividend payout and then over the weekend the share price rises! Weird that people sell before they receive their dividend, and then buy after the dividend opportunity is lost! On Wednesday I put in a stink bid with my earned dividends, and on Thursday I was totally surprised that my order was filled. Now since that purchase, the share price is up over 46% in just three days plus I got my additional dividend!!! Will the share price drop again next Wednesday? I hope so, so I can repeat this again!!! Wink

Probably the work of bcmine and darkstone botting. They probably pick up shares on the cheap, collect divs and then sell them again.

oma5

newbie

Activity: 37

Merit: 0

Since I bought shares, I have noticed that almost without exception the share price drops in the days before the dividend payout and then over the weekend the share price rises! Weird that people sell before they receive their dividend, and then buy after the dividend opportunity is lost! On Wednesday I put in a stink bid with my earned dividends, and on Thursday I was totally surprised that my order was filled. Now since that purchase, the share price is up over 46% in just three days plus I got my additional dividend!!! Will the share price drop again next Wednesday? I hope so, so I can repeat this again!!! Wink

mikemikemike

copper member

Activity: 224

Merit: 100

Quote from: E f f e c T on April 12, 2014, 08:43:48 AM

CryptX, what is the estimated rate of unit production per week?

in your original estimations you said you could deliver 250TH/s in three weeks, does this still stand?

if that stands the share price will break the all time high! 2% OF THE NETWORK HERE WE COME!!! CRYPTX I LOVE YOU <3

E f f e c T

member

Activity: 60

Merit: 10

CryptX, what is the estimated rate of unit production per week?

in your original estimations you said you could deliver 250TH/s in three weeks, does this still stand?

Darkstone2

full member

Activity: 154

Merit: 100

Quote from: rdyoung on April 11, 2014, 11:52:04 PM

You can't base the current fair value of something on information from one of many possible futures.

Ehh. Yes you can. Create multiple forecasts and pick one in the middle.

Quote

195,180ghs/80674 = 2.41ghs/share

Cex current ghs price = 0.0106
0.0106 * 2.41 = .0255btc/share
So if they double the hashrate that puts them at 4.82ghs/share meaning .051btc/share.

BDD = 0.0074 btc/GHs.

Additionally, your analysis is slightly flawed. One GHs at cex.io is not really 1 GHs, but 0.94 GHs since you pay hosting costs and pool fees. One GHs at BDD is really 1 GHs. And 1 GHs at petamine is more like 0.75 GHs because the high hosting costs.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: Elvis Trout on April 12, 2014, 04:13:33 AM

simply comparing hash prices completely disregards the reinvestment, which means petamine shares retain value whereas cex.io ghs lose it very quickly.

True, read my last post

Elvis Trout

member

Activity: 116

Merit: 10

simply comparing hash prices completely disregards the reinvestment, which means petamine shares retain value whereas cex.io ghs lose it very quickly.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: mikemikemike on April 12, 2014, 12:42:35 AM

and no offence, but your all wrong.

firstly, you can't use CEX.io prices to value a security. i think E f f e c T posted a pretty detailed explanation why.

and also, if hashing doubled, we would have a yield of over 100%, there is no way the share price then goes down to 0.05. the yield would then be 130%. these are securities guys, not cloud mining contracts. stop being silly comparing the two.

anyways, im gong to sleep. and then im gonna wake up a sing and dance because FUCKING YES CRYPTX YOU LEGEND

I am well aware that comparing peta to cex or any other pay per ghs cloud mining operation is like comparing apples to airplanes. I was going to go into a more detailed mathematical breakdown taking into account the hosting fee, reinvestment, etc but decided against it because its obvious we aren't dealing with a math scholar here. What you can do on a more basic level that most people will understand is compare the amount of ghs you will be earning on vs another option, even as trollish as bcmine is, this is what he is trying to get to, be it at a level that 3rd graders could understand.

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 164. (Read 565837 times)