[HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 188.

Usman056

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Quote from: stompysteve on March 24, 2014, 10:46:29 AM

Quote from: stompysteve on March 24, 2014, 09:56:23 AM

Quote from: ujka on March 24, 2014, 09:40:26 AM

Quote from: millenium on March 24, 2014, 08:59:08 AM

seems more hw coming online, default miners is 67 TH Grin

73.50 Th/s now for 'default' worker, 134 Th/s total Wink

(22 min average, so it's not variance)

yup more stuff coming online
12 hours   116.44 Th/s   1171148624
3 hours   119.81 Th/s   301266688
22.5 minutes   134.24 Th/s   42194176
256 seconds   136.00 Th/s   8106033
128 seconds   136.04 Th/s   4054342

MOAR HASH!!

12 hours   117.61 Th/s   1182927104
3 hours   124.51 Th/s   313100816
22.5 minutes   137.63 Th/s   43261440
256 seconds   143.09 Th/s   8529042
128 seconds   146.50 Th/s   4366045

we are still not keeping up with predicted difficulty increase (18.48% https://bitcoinwisdom.com/bitcoin/difficulty)... We only increased hash by 13-16%. if we keep getting equipment weekly at 20TH per week we may be able to squeeze out some more div's per difficulty but thats if there isn't a supply problem which there clearly is.. Huh

howardb

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Quote from: rdyoung on March 22, 2014, 12:41:23 PM

This is the most important part.
Owning shares in Peta is akin to owning ghs on the exchanges that sell them, except Peta will reinvest on your behalf and you can still cash out at your leisure.
If you bought 1 share and then sold after dividends were paid you cashed out with a positive roi, regardless of what's going on behind the scenes.

Only true if the asset values do not go down because re-investment did not keep up with BTC difficulty!
Suggesting to people they cannot lose assumes the share price won't go down, which it obviously will if the above happens! Somewhat disengenuous of you!

howardb

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Activity: 574

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Quote from: spartan82 on March 22, 2014, 09:02:25 AM

It should be noted that 46%, as stated on havelock at time of posting this, is a pretty attractive yield and considering that we are nowhere near our initial guestimated hashing power, I myself feel that the shareholders/investors are doing a considerably great job keeping the share price at a stable price of approximately 0.07btc. The 35% reinvestment fund is the make or break part of this operation. If we can get to the 8.68gh/share real quick and the reinvestment funds are used adequately to keep up with the difficulty increases then this could most probably be the best mining fund out there for its value. I see cryptx is taking his time out each week to update shareholders with information of what the dividends consist of, which is fair play, but the schedule of mining equipment coming online has not been so forthcoming. Seeing the difficulty rises have not been as cut throat as many have expected, I think it is safe to say now that the development and supply of mining equipment has been delayed across the board and has not just affected this particular mining fund.

Using the 'Yield' figure at this stage of the project is completely meaningless. As you correctly pointed out the re-investment is the key, and unless the re-investment rate can keep up with bitcoin difficulty, the asset base will devalue, which means the shares will devalue. In essence we will be robbing peter to pay paul if we are taking dividends whilst the asset base devalues and will lose overall. I think at the first sign of not being able to keep up with difficulty, Cryptx should take a vote on more dividend going to re-investment.

pedrog

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Quote from: hephaist0s on March 24, 2014, 11:01:48 AM

So awesome. Did we ever confirm whether "week 13" was counting from the start of the calendar year, or from the date of the 700 TH/s announcement? Because if it was counting from the beginning of the year, that means we're there now and custom hardware is scheduled to happen.
http://www.peta-mine.co/petamine-will-deploy-700-ths-or-8-68-ghs-per-share/

I was under the impression it was from the beginning of the year, let's wait for an update from cryptx on this subject...

naaktslak

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any projections what the dividends will be in the coming weeks/month?

hephaist0s

hero member

Activity: 711

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So awesome. Did we ever confirm whether "week 13" was counting from the start of the calendar year, or from the date of the 700 TH/s announcement? Because if it was counting from the beginning of the year, that means we're there now and custom hardware is scheduled to happen.
http://www.peta-mine.co/petamine-will-deploy-700-ths-or-8-68-ghs-per-share/

stompysteve

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Activity: 574

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Quote from: stompysteve on March 24, 2014, 09:56:23 AM

Quote from: ujka on March 24, 2014, 09:40:26 AM

Quote from: millenium on March 24, 2014, 08:59:08 AM

seems more hw coming online, default miners is 67 TH Grin

73.50 Th/s now for 'default' worker, 134 Th/s total Wink

(22 min average, so it's not variance)

yup more stuff coming online
12 hours   116.44 Th/s   1171148624
3 hours   119.81 Th/s   301266688
22.5 minutes   134.24 Th/s   42194176
256 seconds   136.00 Th/s   8106033
128 seconds   136.04 Th/s   4054342

MOAR HASH!!

12 hours   117.61 Th/s   1182927104
3 hours   124.51 Th/s   313100816
22.5 minutes   137.63 Th/s   43261440
256 seconds   143.09 Th/s   8529042
128 seconds   146.50 Th/s   4366045

stompysteve

hero member

Activity: 574

Merit: 500

Quote from: ujka on March 24, 2014, 09:40:26 AM

Quote from: millenium on March 24, 2014, 08:59:08 AM

seems more hw coming online, default miners is 67 TH Grin

73.50 Th/s now for 'default' worker, 134 Th/s total Wink

(22 min average, so it's not variance)

yup more stuff coming online
12 hours   116.44 Th/s   1171148624
3 hours   119.81 Th/s   301266688
22.5 minutes   134.24 Th/s   42194176
256 seconds   136.00 Th/s   8106033
128 seconds   136.04 Th/s   4054342

ujka

hero member

Activity: 630

Merit: 500

Quote from: millenium on March 24, 2014, 08:59:08 AM

seems more hw coming online, default miners is 67 TH Grin

~~73.50~~ 76.4 Th/s now for 'default' worker, ~~134~~ 137.6 Th/s total Wink

(22 min average, so it's not variance)

ujka

hero member

Activity: 630

Merit: 500

Quote from: Foebar on March 24, 2014, 06:14:33 AM

Quote from: ujka on March 24, 2014, 05:53:13 AM

Quote from: Foebar on March 24, 2014, 05:36:58 AM

@ Cryptx : maybe set an auto payout thresshold in Eligius, then we don't have to wait 34 blocks to process bigger BTC amounts.

Don't know what you mean, minimum treshold? Won't help.
Maximum? No such thing.

Automatic payout every 4 or 5 BTC credited to our account, now cryptx logs on to Eligius and asks for a payout

Eligius doesn't work that way (there is no log on for payout). Automatic payout is set, defaults to 0.04 btc, can be set lower, at 0.01.
But every address has to wait for payout until there is NO OTHER address that is waiting LONGER.

eyecoins

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Activity: 28

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Quote from: stompysteve on March 24, 2014, 08:09:34 AM

Quote from: eyecoins on March 24, 2014, 08:01:46 AM

Looks like more hardware coming online this morning. 128 second average: 125TH.

it will hit 128 sometimes if all the machines pump out a buncha shares all at once making them look faster because they were lucky, nothing new online

This is the first time its ever been over 130TH so I think it is more than just variance.

millenium

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seems more hw coming online, default miners is 67 TH Grin

stompysteve

hero member

Activity: 574

Merit: 500

Quote from: eyecoins on March 24, 2014, 08:01:46 AM

Looks like more hardware coming online this morning. 128 second average: 125TH.

it will hit 128 sometimes if all the machines pump out a buncha shares all at once making them look faster because they were lucky, nothing new online

eyecoins

newbie

Activity: 28

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Looks like more hardware coming online this morning. 128 second average: 125TH.

mikemikemike

copper member

Activity: 224

Merit: 100

CryptX, fancy updating us with the current delivery schedule/situation?

Foebar

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Activity: 156

Merit: 100

Quote from: ujka on March 24, 2014, 05:53:13 AM

Quote from: Foebar on March 24, 2014, 05:36:58 AM

Eligius is acting up again, all miners (not only PETA) are dropping hashrate
Maybe convert the mine to a more stable pool?

Eligius unnder DDoS:

Quote from: wizkid057 on March 24, 2014, 05:35:53 AM

Someone is hitting Eligius pretty hard with a DDoS, hitting multiple Eligius nodes simultaneously.

Working on mitigation.

Quote from: Foebar on March 24, 2014, 05:36:58 AM

@ Cryptx : maybe set an auto payout thresshold in Eligius, then we don't have to wait 34 blocks to process bigger BTC amounts.

Don't know what you mean, minimum treshold? Won't help.
Maximum? No such thing.

Automatic payout every 4 or 5 BTC credited to our account, now cryptx logs on to Eligius and asks for a payout

With auto payouts, we get a more stable flow of BTC to the wallet and we don't run the risk that on payout day the total balance is short 15 - 20 BTC because it's in a long payout queue at Eligius (remember that we're going for a 700 TH mine and that payouts should be 6 times higher when all hardware is delivered)

ujka

hero member

Activity: 630

Merit: 500

Quote from: Foebar on March 24, 2014, 05:36:58 AM

Eligius is acting up again, all miners (not only PETA) are dropping hashrate
Maybe convert the mine to a more stable pool?

Eligius unnder DDoS:

Quote from: wizkid057 on March 24, 2014, 05:35:53 AM

Someone is hitting Eligius pretty hard with a DDoS, hitting multiple Eligius nodes simultaneously.

Working on mitigation.

Quote from: Foebar on March 24, 2014, 05:36:58 AM

@ Cryptx : maybe set an auto payout thresshold in Eligius, then we don't have to wait 34 blocks to process bigger BTC amounts.

Don't know what you mean, minimum treshold? Won't help.
Maximum? No such thing.

Foebar

full member

Activity: 156

Merit: 100

Eligius is acting up again, all miners (not only PETA) are dropping hashrate

Maybe convert the mine to a more stable pool?

@ Cryptx : maybe set an auto payout thresshold in Eligius, then we don't have to wait 34 blocks to process bigger BTC amounts.

Anotheranonlol

hero member

Activity: 588

Merit: 504

Quote from: DropDead.Be on March 22, 2014, 06:26:58 AM

Quote from: tauren on March 22, 2014, 05:40:24 AM

I've just discovered PETA while browsing Havelock and am interested in learning more and possibly investing.

I did a bit of math, to see how long it would take to pay back my investment by earning dividends:

PETA Last dividend: 0.00063172 BTC/unit/week
PETA Last price: 0.07200201 BTC/unit

Weeks to recoup unit cost: 0.07200201 / 0.00063172 =~ 114 weeks = 2.2 years

Even if the dividends were to double, we are still looking at over a year. Is this calculation meaningful? Is 1 - 2 years to recoup this investment considered good, bad, or so-so? What am I not factoring in or taking into consideration? How are you seeing the value of this investment?

I guess I'm questioning this because most mining operations expect to recoup their investment in months, not years.

It was supposed to be months, not years. We're currently hashing at 120 Th/s. Should have been north of 500 by now. Bitmine is failing to deliver on time. If we can get the 700 Th/s by end of April I'd say ROI at current share price would be 6 months.

can always go with asicminer instead. based on last dividend you are looking at just shy of 40 years... Roll Eyes

rdyoung

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Activity: 994

Merit: 1000

Quote from: ujka on March 22, 2014, 07:35:32 AM

Quote from: tauren on March 22, 2014, 05:40:24 AM

I've just discovered PETA while browsing Havelock and am interested in learning more and possibly investing.

I did a bit of math, to see how long it would take to pay back my investment by earning dividends:

PETA Last dividend: 0.00063172 BTC/unit/week
PETA Last price: 0.07200201 BTC/unit

Weeks to recoup unit cost: 0.07200201 / 0.00063172 =~ 114 weeks = 2.2 years

Even if the dividends were to double, we are still looking at over a year. Is this calculation meaningful? Is 1 - 2 years to recoup this investment considered good, bad, or so-so? What am I not factoring in or taking into consideration? ...

Not taking into consideration, that you own the shares, too.
You can 'mine' for some time, then sell the shares.

This is the most important part.
Owning shares in Peta is akin to owning ghs on the exchanges that sell them, except Peta will reinvest on your behalf and you can still cash out at your leisure.
If you bought 1 share and then sold after dividends were paid you cashed out with a positive roi, regardless of what's going on behind the scenes.

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 188. (Read 565837 times)