Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 171. (Read 565837 times)

Thinking about it, the worst case is they continue delivering at the rate they are delivering now, but that will still keep us up with the difficulty rises for the next month or two, after that we have our own production and reinvestment money that is being spent elsewhere. We're not stuck with these guys for long, and crazy enough, I actually believe cryptX when he said they have the best intentions, I'm sure they will sort there shit out soon

Watch though, we will add another 50 units next week and everything will go back to "yay cryptX" and people will start to realise again the true value of this project

I can't complain, I'm not exactly less fickle than most of the investors here

I think there is something fishy going on at Bitmine, I don't know what kind of a deal Cryptx have with Bitmine regarding the delayed Hardware and if there will be compensation and how much it will be.

   but something is wrong at Bitmine and I don't know what the exact story is, they are not speaking and they are taking the easy way of things, I also find the way they've changed their attitude toward customers (now they are being all sweet and nice) really suspicious, although the timing is kind of funny, now that most people didn't receive their hardware, they  are entitled to a refund based on the TOS agreed on at the purchase. (60 days delay equal a refund + 10% penalty) for those who paid with BTC back at November/December it makes perfect sense to ask for a refund, you would get more BTC than you paid, these machines wouldn't ROI anyways. so there is that.

 I just find it really strange that Chinese copies of the based A1 chip rigs are going on a really worrying rate (not to mention the price) while Bitmine fails to deliver the simplest orders and fail to even have a working Rig design.


I think this is why the share price is going down, people are are afraid about the worst scenario, it is humans being humans, usually the price would go back when there is a clear picture of the situation (or drop forward if the news is bad).

I bet I don't get any offers. Too many people here on this forum spreading FUD that don't actually own any shares. All the big shareholders and long term and staying quiet, they will have the last laugh  

Remember, there is allot of market manipulation going on. People selling off huge amounts, coming here to post how shit this project is then waiting for someone else to sell and buying back in for a lower price

Ignore the shareprice. The dividends tell the best story, and @ 65% they speak for themselves. So many people will be kicking themselves for no investing now in a few weeks. Price is ridiculously low

Relax. Look at the facts and not what is said here. If it makes you feel better i sold out at 0.06 and I might just rebuy on the market

Hi! Wanting back in?
How the price is going  , sure there will be offers...
Not from me - not that big!

You're laughing, but my heart is not so at ease. Have to stop looking here so often. Need a vacation. Again.

If anyone wants to sell 1000+ shares to me @ 0.045 please PM me

Heh. This even better 

Where it's going (share price), you don't have to worry 

Ok

thanks everyone

I get bitcoin on Friday, hopefully the share price won't jump up till then

@Mummaslittlebear
Can't (don't know) answer to all that!  
Here is past deployment:
('new' column means Th/s added at that date)
So far, PETA project managed to keep with difficulty (and more), but ppl want more. And faster  

Edit
Mon (or Tue) there comes new hardware from China (18Th), and bitmine is promising to start the production of Rigs. PETA has 165 units. (All should have been mining by this week, if bitmine delivered on time!)

Prices of stocks/commodities/etc are based on supply/demand.
The reason some people are concerned is that the difficulty has been going up at an insane rate, couple that with the delays from cointerra/bitmine and you have a situation where the mine is not producing what was expected when people bought shares.
The mine is currently around 180ths, difficulty just jumped 22% to keep even with difficulty they would have to bring on 37ths give or take to keep the dividends on par with friday.
Everyone needs to cooldown, we are only 45ths short of the original deployment plan, the remaining 500ths is the custom hardware they are working on.

There is allot of negative sentiment towards this project due mainly to a few kids who are given bitcointalk accounts as Christmas presents from their mums and dads. Read the whole thing from start to finish, I somewhat regret selling all my shares

In one of the updates on havelock they state they have a design that fits 500ths that can be brought on relatively quickly.
I would bet that once they have a decent flow of PCBs they should be able to ramp up the hashrate quite a bit faster than we see at the moment.

Mummaslittlebear: The annual yield is an estimate based on the current price of shares, right now its at 62%, if the share price doubles then the annual yield would be 31% and if it dropped in half it would be 124%. The yield is simple math, cryptx can't game those #s.

But even if the dividends stay the same, shouldn't the share price be @ 0.1?

I understand bitmine is delivering slow but are things really that bad? dont you only need 20 units a week to keep up with the difficulty??

Are they delivering less than 20 units a week?? Sorry for all the questions

Very short answer: bitmine.ch is late in delivering hardware, so PETA project is late in deployment, BTC price is falling, so our dividends are not growing (because of electricity and maintance cost going up, in BTC).

Comparison with AM? My opinion is that ppl had/have confidence friedcat will deliver, on time. Also, AM was making his own ASICs (chips and miners), PETA depends on (undependable) manufacturers. We are all hoping, deployment will be faster when PETA project starts producing/assembling own hardware (in coming weeks, CryptX said).

Ah, wasn't so short answer  

Why is the yield of this project @ 60% but the share price is falling?  

Is cryptX a scammer? It doesn't make any sense

I want to invest as this seems like a great project, but I just don't see why people keep selling. I heard AM at its best was only at 30%

Can someone please respond? This seems too good to be true and I know when that happens it probably is?

I use data that is far more positive that i believe will be the case, and now i'm 'picking and choosing whatever satisfies my conclusion' ? I strongly belive that the 20% network growth is about right, i gave you calculations with 10%. Petamine's current hashrate is 200. I gave you calculations with 400. For the record, your bounty was based on proving that the current share price is overvalued. Not at being exactly right.

I'm giving you one more prediction: an network hashrate increase of 10%, petamine with 700TH/s under it's control next monday, and 0% of the payouts to reinvestment. If all that happens, the shares are still overpriced (by about 40%, not included liquidating the company).


I'm missing out on so many key factors...

I've said this before, the last time i made predictions, people called me a fool, insulted me. I asked for their arguments. The only one i got was that my network hashrate prediction was wrong. Now one month later, it seems that i was quite right.

I'm missing out many key factors? Very well. Then show me the evidence, or give me the bounty. For the record, i am much more interested in the evidence than the bounty. I would have defended the same point if there was no bounty at all.

You have no facts though. You are a deluded little child who summarises what is wrong with the bitcoin community. I can't believe you beat a million other sperm to the egg

Am I the only person who hasn't ignored you?