[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 181.

mikemikemike

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Quote from: EdoBcn on March 31, 2014, 05:25:30 AM

thanks all for the "theories"

I've seen it myself when I entered my second batch of purchases how the price was going up and up (right before the over 0.1 increase). So I get the overall picture. I must agree with the general feeling of Cryptx not giving much updates. I understand that he doesn't want to be hold liable for promises that could go wrong (promises from the manufacturers) but still... he did it few weeks ago with the 700 TH/s announcement, and we are still far from it.
With the current price it is quite inviting to purchase more. The BTC/$ rate could stay longer like this, go down or up, but if we can get the TH to actually get where it should be, I would be less concerned about the costs.

Also, with the price so low, it make an additional barrier (psychological) to not sell shares now and hold further.
Oh boy, I'm the worse poker player around... I just want to go and "see" the figures once all TH (or a big part of it) it's deployed

once BTC shoots up so will PETA.

and my favorite graph of the day - http://i.imgur.com/ejrTU8r.jpg

also, as much as what i said seems like a far-fetched "theory" it is not, while there are other factors at play, i can guarantee most of the major dives are because of one or two people - i'd post proof but i think i'd create a large amount of enemies from long-term holders - if anyone wanted to bet me some BTC through escrow that i was wrong, then i could be persuaded

EdoBcn

sr. member

Activity: 241

Merit: 250

thanks all for the "theories"

I've seen it myself when I entered my second batch of purchases how the price was going up and up (right before the over 0.1 increase). So I get the overall picture. I must agree with the general feeling of Cryptx not giving much updates. I understand that he doesn't want to be hold liable for promises that could go wrong (promises from the manufacturers) but still... he did it few weeks ago with the 700 TH/s announcement, and we are still far from it.
With the current price it is quite inviting to purchase more. The BTC/$ rate could stay longer like this, go down or up, but if we can get the TH to actually get where it should be, I would be less concerned about the costs.

Also, with the price so low, it make an additional barrier (psychological) to not sell shares now and hold further.
Oh boy, I'm the worse poker player around... I just want to go and "see" the figures once all TH (or a big part of it) it's deployed

mikemikemike

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Activity: 224

Merit: 100

Quote from: IamNotSure on March 31, 2014, 04:38:05 AM

Quote from: EdoBcn on March 31, 2014, 03:51:36 AM

(does anyone have a good theory on why the share price is falling this much?)

Because there is no buying orders. As soon as a shareholder with 10 BTC worth of PETA shares sells, price drop by 0.01 on average.

you'll find most of these massive sells are the same person buying slowly and reselling all at once

IamNotSure

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Quote from: EdoBcn on March 31, 2014, 03:51:36 AM

(does anyone have a good theory on why the share price is falling this much?)

Because there is no buying orders. As soon as a shareholder with 10 BTC worth of PETA shares sells, price drop by 0.01 on average.

mikemikemike

copper member

Activity: 224

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removed

SamWalters

full member

Activity: 238

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Sam Mother Fuckin' Walters

I like peta

EdoBcn

sr. member

Activity: 241

Merit: 250

Quote from: ujka on March 31, 2014, 03:37:16 AM

Quote from: nwfella on March 30, 2014, 08:07:15 PM

Barring any siginficant # of unit's coming in this week (which I suspect they won't)...I'm going to guess 0.00058912 for next dividend payout. (Also assuming BTC stays above $450 (fingers and toes crossed))

With BTC at $450 dividend should be around 0.00064 (150Th/s, 105 BTC minted, 25 BTC hosting)

I hope CryptX returns from Switzerland with a truck full of rigs.

+1 !

(does anyone have a good theory on why the share price is falling this much?)

ujka

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Quote from: nwfella on March 30, 2014, 08:07:15 PM

Barring any siginficant # of unit's coming in this week (which I suspect they won't)...I'm going to guess 0.00058912 for next dividend payout. (Also assuming BTC stays above $450 (fingers and toes crossed))

With BTC at $450 dividend should be around 0.00064 (150Th/s, 105 BTC minted, 25 BTC hosting)

I hope CryptX returns from Switzerland with a truck full of rigs.

BiteMyShinyMetalAss

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

Well, I dont think the management is bad. Just because we dont get update everyday, does not mean those guys are not doing their job.

spartan82

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I tell u what for the amount of money that this operation has invested in mining gear, management is hopeless

nwfella

legendary

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Well hello there!

Barring any siginficant # of unit's coming in this week (which I suspect they won't)...I'm going to guess 0.00058912 for next dividend payout. (Also assuming BTC stays above $450 (fingers and toes crossed))

*ps, cryptx I do have a couple of BFL jalapeno's I would consider selling to the project if the price was right!! They earn darn near enough to cover the electricity at this point! :p (yes, this is a joke people)

kenmomotaro

member

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Merit: 10

One thing is that could PETA request a refund since those Coincraft rigs are severely delayed? If yes, it's better to use those money buy some 1THs rigs from Chinese vendor, much cheaper and faster. And sure, PETA still buy chips from Bitmine, just refund some of those Coincraft rigs and we could make a quick deployment in 2 weeks.

mikemikemike

copper member

Activity: 224

Merit: 100

Quote from: anon29426 on March 30, 2014, 02:50:50 PM

Quote from: VonSpecht on March 30, 2014, 02:06:35 PM

It could be some kind of a turning point for this project right now - when short-term "investors" are probably jumping out because of the current uncertain situation and long-term real investors, perhaps with also better risk tolerance, are increasing their investments at current cheap rates (both BTC+PETA)... At least I hope so. In long-term, this could mean slightly more stable volatility, as long as anything catastrophic won't happen out there... Does anyone agree

i think its silly for any short-term investors to jump ship. we are just beginning to ramp up delivery to expected levels, CryptX is going to visit bitmine next week so we should get some good news from that, and i think once CryptX has visited bitmine we will get an update on the custom boards. So yeah, on the contrary, i think nows probably the best time to invest.

i am a shareholder though so im slightly biased, but yeah, im holding, and prob buy some more on payday tuesday

+1

only thing is pre-ipo was the best time to invest, nows still pretty good imo, as we have a 50%+ yield and still got a few hundred TH of units to arrive. the next two weeks will be critical, we could be hitting 0.15 or still riding the waves through 0.06-0.07, all depends on how bitmine and cryptX handle everything

anon29426

newbie

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Quote from: VonSpecht on March 30, 2014, 02:06:35 PM

It could be some kind of a turning point for this project right now - when short-term "investors" are probably jumping out because of the current uncertain situation and long-term real investors, perhaps with also better risk tolerance, are increasing their investments at current cheap rates (both BTC+PETA)... At least I hope so. In long-term, this could mean slightly more stable volatility, as long as anything catastrophic won't happen out there... Does anyone agree

i think its silly for any short-term investors to jump ship. we are just beginning to ramp up delivery to expected levels, CryptX is going to visit bitmine next week so we should get some good news from that, and i think once CryptX has visited bitmine we will get an update on the custom boards. So yeah, on the contrary, i think nows probably the best time to invest.

i am a shareholder though so im slightly biased, but yeah, im holding, and prob buy some more on payday tuesday

VonSpecht

newbie

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It could be some kind of a turning point for this project right now - when short-term "investors" are probably jumping out because of the current uncertain situation and long-term real investors, perhaps with also better risk tolerance, are increasing their investments at current cheap rates (both BTC+PETA)... At least I hope so. In long-term, this could mean slightly more stable volatility, as long as anything catastrophic won't happen out there... Does anyone agree?

ujka

hero member

Activity: 630

Merit: 500

Quote from: BiteMyShinyMetalAss on March 30, 2014, 10:43:44 AM

Sorry for the dumb question in advance, but what is AM ?

ASICMINER
https://bitcointalksearch.org/topic/asicminer-entering-the-future-of-asic-mining-by-inventing-it-99497

anon29426

newbie

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Quote from: ujka on March 30, 2014, 10:37:25 AM

Bitmine really need a push. Did they deliver any Rig so far?

Chips are already paid for. At bitmine Huh

CryptX need to desing and manufacture a PCB. And that seem a big task. Bitmine is doing that since December.

Ahhhh durrrr. My bad. Forgot bitmine were also doing the chips. Thanks!

And yeah, the china situation is annoying, it seems already priced in slightly so the effect if that news does drop should be mitigated, but it seems unlikely, we would have heard from one of the exchanges by now or confirmation from the PBOC

But yeah, fuck knows, I'm also a long way away from china until later this year when I'm gonna go visit for a month, wish I had some Chinese friends, definitely gonna get some so I can get quick translations, being so far behind bitcoins biggest market is a nightmare

AM: AsicMiner - they produce mining chips

BiteMyShinyMetalAss

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

Sorry for the dumb question in advance, but what is AM ?

Usman056

newbie

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Quote from: ujka on March 30, 2014, 09:55:19 AM

AM price is $0.5-$1 per Gh/s, not per chip.

Also, you used just the cost of a bare chip.
Need to add the cost to design and manufacture the PCBs, populate PCBs with chips, add cooling, power...

good catch

ujka

hero member

Activity: 630

Merit: 500

Bitmine really need a push. Did they deliver any Rig so far?

Chips are already paid for. At bitmine Huh

CryptX need to desing and manufacture a PCB. And that seems a big task. Bitmine is trying to design a stable rig board since December.

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 181. (Read 565837 times)