[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 173.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: dhenson on April 04, 2014, 07:36:02 PM

Quote from: BiteMyShinyMetalAss on April 04, 2014, 06:26:58 PM

P.s. Why are we still talking about buying GH/s from CEX? How come this is even a question?

At no point did Cryptx mention purchasing hash from ghash.io. As far as I can tell, that is ignorant speculation.

Indeed it is.
Someone else "NOT CRYPTX" brought it up, and I chimed in that its something to consider, not that we have to do it.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: E f f e c T on April 04, 2014, 04:28:52 PM

Has anyone here actually run the numbers instead of blindly believing what a load of kids on this forum are saying?

Seriously. Stop believing all this FUD and start thinking for yourself.

CryptX, thanks for the update, please keep up the excellent work and I look forward to your next update.

I'll donate one bitcoin to anyone who can prove, with figures and competent logic, that these shares are overvalued. From someone who has run the figures, with multiple realistic scenarios, none of you are winning this bet, infact, I argue, most of these people claiming this project is dead are not even competent enough to run a proper analysis

This is basing a 30% yield as an acceptable return, which if you look at even the best performing securities over the past year, is extremely high.

I look forward to your responses, this is going to be very very entertaining, it should also highlight who in this thread actually knows what they are talking about, something which I am very keen to learn

Look back to my posts.
Recently I ran some #s comparing peta shares to the cheapest GHS/BTC I could find. I figured a fair value at the moment of 0.026btc IIRC. I think I based it on 150 days to ROI.
It wasn't a perfect comparison, but considering there aren't that many trustworthy cloudmining operations this math has to do.

Please note that I am not jumping ship like all these drama queens.
However, if you step back and look at hard #s for the current state of the operation, you get a # much lower than your belief in the future gives you. As they bring on more hardware then the fair value will increase.
I felt it more applicable to compare price per GHS rather than potential earnings because we don't know what will happen.

babcoccl

newbie

Activity: 36

Merit: 0

Quote from: jessebtc on April 04, 2014, 05:49:36 PM

Quote from: anon29426 on April 04, 2014, 02:00:57 PM

we are so lucky the difficulty has slowed, but its starting to ramp up now.
im jumping ship as soon as i can get on my laptop

You do understand that bitmine's problems affect rollout for many people, not just peta, and therefore that is part of why the difficulty rise has slowed?
Considering the tone of your previous post, I look forward to you jumping ship and no longer posting on this forum. I and others are buying shares, please put yours up for sale.
J

+1

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: BiteMyShinyMetalAss on April 04, 2014, 06:26:58 PM

P.s. Why are we still talking about buying GH/s from CEX? How come this is even a question?

At no point did Cryptx mention purchasing hash from ghash.io. As far as I can tell, that is ignorant speculation.

BiteMyShinyMetalAss

hero member

Activity: 617

Merit: 509

Crypto Card - https://platinum.crypto.com/r/28cz7d

At least Bitmine is producing and problems are clear:"customs are holding the equipment". If we look to the BFL, nothing is clear there. While its not 100% success for PETA, but its not that bad as people try to depict in this forum. Maybe people expected to be a millionaires tomorrow, well that aint happening, so please sell your shares (cheaper the better)

and good luck.
For I believe its an intentional FUD to encourage people to sell their shares. Not like I complain, its good for me, as I can pay lesser price...

P.s. Why are we still talking about buying GH/s from CEX? How come this is even a question?

jessebtc

newbie

Activity: 8

Merit: 0

Quote from: anon29426 on April 04, 2014, 02:00:57 PM

we are so lucky the difficulty has slowed, but its starting to ramp up now.
im jumping ship as soon as i can get on my laptop

You do understand that bitmine's problems affect rollout for many people, not just peta, and therefore that is part of why the difficulty rise has slowed?
Considering the tone of your previous post, I look forward to you jumping ship and no longer posting on this forum. I and others are buying shares, please put yours up for sale.
J

oma5

newbie

Activity: 37

Merit: 0

I'm invested in a number of areas from stocks to mining and real estate. I believe that at this time PETAmine beats them all. I appreciate all the efforts everyone has put in to this mine and I look forward to continuing great results. With the share price currently approaching the IPO price (thanks to the weak hands!), not only will I be re-investing my dividends into more shares but I hope PETAmine buys back its own shares to increase our own overall return! That said, if we can stay ahead of the difficulty, this should be a great ride! The jackpot will come when the world wakes up to Bitcoin.

pleiotropik

full member

Activity: 144

Merit: 100

In general terms i think the btc community is in the midst of an ongoing trollnado. i wouldn't be surprised if this trollnado has its origin in one of the alphabet soup agencies. Anybody who has followed its 4 year history can see how much FUD has been doled out... That said: any environment that has Capital formation as its main motif will be filled with a complete ecosystem of predators...

Yes i'm paranoid. i have every reason to be... have you heard about Snowden's leaks?

Keep good mental hygiene.

As for PETA: what dividend is average in S&P500? 2.2% per year. Compare... perhaps the safety(of ultralow yields) of the stock market is preferred.

E f f e c T

member

Activity: 60

Merit: 10

Has anyone here actually run the numbers instead of blindly believing what a load of kids on this forum are saying?

Seriously. Stop believing all this FUD and start thinking for yourself.

CryptX, thanks for the update, please keep up the excellent work and I look forward to your next update.

I'll donate one bitcoin to anyone who can prove, with figures and competent logic, that these shares are overvalued. From someone who has run the figures, with multiple realistic scenarios, none of you are winning this bet, infact, I argue, most of these people claiming this project is dead are not even competent enough to run a proper analysis

This is basing a 30% yield as an acceptable return, which if you look at even the best performing securities over the past year, is extremely high.

I look forward to your responses, this is going to be very very entertaining, it should also highlight who in this thread actually knows what they are talking about, something which I am very keen to learn

cryptoconomist

full member

Activity: 226

Merit: 100

thanks Cryptx for the hard work looking forward to the "next few weeks" Wink

1) CEX.IO is a good move for now. I still believe setting up our own mining pool should be a project for Peta in the near future

2) I vote against using reinvestment to buy cex ghs. Nerveless I believe it is in the interest of shareholders to use some of the reinvestment to support Peta shares, by doing so Peta would providing liquidity and increase our div. unless of course we need the money now to start our "own ASIC production"

P.S. weak hands please sell below IPO price... real investors will buy and hold!

Anotheranonlol

hero member

Activity: 588

Merit: 504

The order books are pretty thin. If someone wants to sell bulk shares, via havelock transfer you are welcome to contact to arrange a deal.

ujka

hero member

Activity: 630

Merit: 500

Quote from: babcoccl on April 04, 2014, 04:02:02 PM

Thanks for the update Cryptx. It's crappy about Bitmine but what can you do? You've delivered steady dividends so far and I'm confident that you guys are trying your hardest to rectify this difficult situation. Thanks for your efforts!

+1

babcoccl

newbie

Activity: 36

Merit: 0

Thanks for the update Cryptx. It's crappy about Bitmine but what can you do? You've delivered steady dividends so far and I'm confident that you guys are trying your hardest to rectify this difficult situation. Thanks for your efforts!

tgdollaz

newbie

Activity: 15

Merit: 0

And we have officially dropped below the IPO price to 0.48 btc per share.

Way to go CryptX! I didn't think it was possible to fubar up an operation like this while lining your pockets at your shareholders expense. I'm out, good luck to the rest of you.

BiteMyShinyMetalAss

hero member

Activity: 617

Merit: 509

Crypto Card - https://platinum.crypto.com/r/28cz7d

Good news! Even with a price low, i am happy to stay, its just an amazing opportunity to top up for me. We will eventually reach those 1-2% of the total network. With custom boards, coming weeks, not months. So the beginning of May, thats pretty sweet. So I guess, the next reinvestment will go to the custom boards...?

ujka

hero member

Activity: 630

Merit: 500

CryptX said they have two 'working designs'. That would mean that design part is done and tested. Next is manufacturing PCBs and assembly. And there we again depend on PCB manufacturer timeline slots.

Elvis Trout

member

Activity: 116

Merit: 10

Great update!

Shame about Bitmine, but at this stage it is expected, they suck, they aren't going to magically get better. Would be nice to know what compensation we're getting for breach of contract though.

Great news about new hardware arriving!

I like the new pool, shame cex is a stupid company, but it will be better for us.

Lastly excellent to hear about the PCBs. Sure coming weeks could mean a long time but at least progress is being made. I guess with 2 working designs you can build both and test to see what's better?

ujka

hero member

Activity: 630

Merit: 500

'Revenue from hardware sales' - IMHO, that's revenue from selling hardware used in the mine, not new hardware they are assembling outside of PETA project.
This is from FAQ on PETA website:

Quote

All hardware of the PETA-MINE will be owned by the shareholders. When necessary we will replace our mining blades by more efficient ones. The net revenue of these sales will also be distributed to the shareholders.

ujka

hero member

Activity: 630

Merit: 500

Quote from: anon29426 on April 04, 2014, 02:00:57 PM

Quote from: ujka on April 04, 2014, 01:55:08 PM

Thanks for update. An update every friday works fine for me (even if I check here daily

Still, some good points, anon29426. 'Delivery ramping up' is really sweet talk - they at bitmine are still not sure when the production of rigs will even start! And that 'coming weeks' timeline is very vague.

If we look at the coins minted, PETA did manage to keep with diff last week(s), it's that btc price drop lowered our divs.

well, the major consensus is btc is probably going to stay in the 400-500 range for a while. so basically were fucked. increasing hosting costs as new machines are added, but the new machines are coming in at such a slow rate that the hosting cost aswell as the difficulty increase is going to kill us. tell me im wrong? please. im tired of following this bullshit blindly.

You're right -bitmine 'sweet talking' and such a slow rate of new hardware coming are going to kill us. Own systems can help, but if done faster than 'coming weeks'.

anon29426

newbie

Activity: 34

Merit: 0

Quote from: ujka on April 04, 2014, 01:55:08 PM

Thanks for update. An update every friday works fine for me (even if I check here daily

Still, some good points, anon29426. 'Delivery ramping up' is really sweet talk - they at bitmine are still not sure when the production of rigs will even start! And that 'coming weeks' timeline is very vague.

If we look at the coins minted, PETA did manage to keep with diff last week(s), it's that btc price drop lowered our divs.

well, the major consensus is btc is probably going to stay in the 400-500 range for a while. so basically were fucked. increasing hosting costs as new machines are added, but the new machines are coming in at such a slow rate that the hosting cost aswell as the difficulty increase is going to kill us. tell me im wrong? please. im tired of following this bullshit blindly.

this prob isn't cryptX's fault, they seem professional. but bitmine are an absolute joke, and our entire business is relying on them most likely for the next couple of months.

we are so lucky the difficulty has slowed, but its starting to ramp up now.

im jumping ship as soon as i can get on my laptop

this project might be going somewhere in a few months when we actually start producing our own hardware, but its not going anywhere in the near future but downhill

please, someone, tell me im wrong. the signs are on the wall as clear as day

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 173. (Read 565837 times)