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Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 190. (Read 565837 times)

sr. member
Activity: 241
Merit: 250
millenium 0.000461 - 0.000624
nwfella 0.000572
tsm13 0.000502129 - 0.000589287
rdyoung 0.00055
jjohnson 0.000598
EdoBcn 0.000651
VonSpecht 0.000710
stompysteve 0.00085085

We should do this every week. Sounds fun.
Also, we could arrange a minimum bet type of thing, who gets it right wins all bets Smiley
legendary
Activity: 1610
Merit: 1000
Well hello there!
hero member
Activity: 574
Merit: 500
What's the over/under on these predictions?
shit I also forgot we are playing the price is right, I mighta guessed to high so ill be out  Cry lol
legendary
Activity: 994
Merit: 1000
What's the over/under on these predictions?
newbie
Activity: 30
Merit: 0
newbie
Activity: 45
Merit: 0
My guess is ~0.000710  Cool
newbie
Activity: 34
Merit: 0
ceiling: 0,000624
Floor: 0,000461
member
Activity: 95
Merit: 10
My guess

0.000502129 if the current btc being mined doesn't make it
0.000589287 if it does*

*cryptx fronted this last week, so hopefully will happen again this week Smiley

PETA is undervalued imho, cryptx is doing a good job and needs more pats on his/her back!

Chimay for everyone Smiley
legendary
Activity: 2786
Merit: 1031
I almost forgot about NMC, how much of that did we mine im not sure what address we are using

Not sure which one.

@Cryptx

Why change the nmc address in Eligius from NCnxjbJedracS6uW57wnQ9w4cN6ireRNP7  to  N6a18WfxGRmyzLhAMmzXGokAXt5PizB28B

What about mining income generated before the change?

Please clarify
legendary
Activity: 994
Merit: 1000
Looks like dividends should be almost 2x from last week

anyone want to play the price is right
0.00085085


You can't forget the management cost.
BTC has dropped recently, I would factor in 20%.

My call is 0.00055 So not exactly 2X.
legendary
Activity: 994
Merit: 1000
Well,
Forgetting about the share price, if there are less shares but we keep the total TH/s power, it means more GH/s per share = more dividends at the next round.
For the reinvestment part, however, it will still generate the same amount of bitcoins to set for reinvestment.

80673 shares for 8.68 GH/s per share.
we currently have 57 Btc for reinvestment, that at 0.07 price means 824 shares.
Buying those out of the market, will make only 79849 shares eligible for dividends, making it a 8.77 GH/s power per share. Not much, I agree.

Or, maybe another brain fart Smiley Those shares dividends will be kept by Cryptix and all reinvested?

I'm just trying to find a way to make those 57btc (today, tomorrow maybe 70btc) generate something while they wait to be spent Smiley


Now I see what your aiming for, but its not going to happen.
They fixed the shares at 100k, and then they pulled the remaining shares from the IPO leaving us with 80674 total.
They would have to destroy shares for your idea to work, if they just bought the shares back those shares would still be owed a dividend.
In the prospectus on havelock I saw nothing pertaining to cryptx buying back shares from the market.

Companies have been known to do something similar to what your driving at, but its via a different method, its called a reverse split.
It effectively increases the price and reduces the total # of shares by whatever ratio they choose, however this method is not as normal a normal stock split.

And cryptx owns no shares in petamine, they are all owned by the public.
hero member
Activity: 574
Merit: 500
Looks like dividends should be almost 2x from last week

anyone want to play the price is right
0.00085085



0.000651 Smiley
I almost forgot about NMC, how much of that did we mine im not sure what address we are using
sr. member
Activity: 241
Merit: 250
Looks like dividends should be almost 2x from last week

anyone want to play the price is right
0.00085085



0.000651 Smiley
sr. member
Activity: 241
Merit: 250
Well,
Forgetting about the share price, if there are less shares but we keep the total TH/s power, it means more GH/s per share = more dividends at the next round.
For the reinvestment part, however, it will still generate the same amount of bitcoins to set for reinvestment.

80673 shares for 8.68 GH/s per share.
we currently have 57 Btc for reinvestment, that at 0.07 price means 824 shares.
Buying those out of the market, will make only 79849 shares eligible for dividends, making it a 8.77 GH/s power per share. Not much, I agree.

Or, maybe another brain fart Smiley Those shares dividends will be kept by Cryptix and all reinvested?

I'm just trying to find a way to make those 57btc (today, tomorrow maybe 70btc) generate something while they wait to be spent Smiley
hero member
Activity: 574
Merit: 500
Looks like dividends should be almost 2x from last week

anyone want to play the price is right
0.00085085
legendary
Activity: 994
Merit: 1000
An interesting thought. What happens if the reinvestment part is used (once or twice) to purchase shares of PETA?
Wouldn't that mean that each share actually increases in TH/s, making it more interesting for price and future dividends?

I've been doing this for the last few dividends... repurchasing more shares, meaning MY own total TH/s (GH/s) increased, meaning my future dividends should be higher (as I now hold more shares).

Is it just a brain fart or does it make any sense to someone else as well?
 Huh

Yes, you had a brain fart.
If your talking about using the funds set aside to purchase hardware being used to buy up shares on havelock, then its pointless.
All it would do is raise the price of shares while NOT giving us more hardware.

You reinvesting via the DRIP method is completely different from cryptx/petamines side of the operation.
Right now the shares your buying are being bought from other shareholders.
full member
Activity: 172
Merit: 100
Maybe just one more ASIC maker with pre-orders.
https://bitcointalksearch.org/topic/ann-spondoolies-tech-carrier-grade-data-center-ready-mining-rigs-521520
http://www.spondoolies-tech.com/

Very interesting power consumption. First miners scheduled for April.
Some legit people behind it - could be worth investigating.


full member
Activity: 154
Merit: 100
An interesting thought. What happens if the reinvestment part is used (once or twice) to purchase shares of PETA?
Wouldn't that mean that each share actually increases in TH/s, making it more interesting for price and future dividends?

I've been doing this for the last few dividends... repurchasing more shares, meaning MY own total TH/s (GH/s) increased, meaning my future dividends should be higher (as I now hold more shares).

Is it just a brain fart or does it make any sense to someone else as well?
 Huh

Yes as long as CryptX's reinvestment strategy proves successful and PETA remains a successful mining operation, then you should get higher dividends in the future. A lot of it also depends on how quickly the overall network hash rate goes up. If CryptX can achieve and maintain the stated goal of 2% of the total network hash rate then your strategy is a wise one.  Smiley
full member
Activity: 154
Merit: 100
How is this overpriced?
The spreadsheet cryptx released prices their cost per TH @ 4500. Yes, we aren't at the 700th starting line yet, but we will get there.
I am not sure you are up to speed on what/how cryptx/petamine is designed to operate.
At the moment there is no "better/faster" equipment than the 28nm chips they are buying from bitmine.
There is no reason to believe that bitmine is mining with equipment before selling it.
After the hardware that was ordered from bitmine/cointerra is deployed, going forward it will be custom equipment with the A1 chips from bitmine.
AFAIK KnC is the only one working on 20nm and they wont be ready for months. So we are "stuck" with 28 for the time being, it will be profitable for quite sometime. Looking further down the road, hopefully cryptx has or will reach out and align themselves with someone working on the next gens of chip design so that when that tech is ready it can be deployed as soon as chips are available.

I do understand how PETA will operate and that 35% is saved for reinvestment. It is crucial that we build up BTC in the reinvestment account so that we will have a large amount available for pre-ordering these new 20nm and other technologies. Based on the current values ($3500) that CryptX can produce a TH for, and even if we use the $4500 value you quote above, it is still not wise to waste reinvestment money on old technology.

Reinvestment is usually done to make something better. If current difficulty remained totally unchanged it would take over 2 months (66 days) just to recoup the $5000 at 1TH/sec. In reality it would be closer to 5 months because of difficulty increases. At that point we would have just paid for the equipment. Out of the 8.4 BTC generated by the equipment we would have 2.8 BTC (35%) in the reinvestment account. IMHO it would be much better to save the 8.4 BTC that would be required to purchase each TH and have it readily available for 20nm pre-orders in 5 months time.
sr. member
Activity: 241
Merit: 250
An interesting thought. What happens if the reinvestment part is used (once or twice) to purchase shares of PETA?
Wouldn't that mean that each share actually increases in TH/s, making it more interesting for price and future dividends?

I've been doing this for the last few dividends... repurchasing more shares, meaning MY own total TH/s (GH/s) increased, meaning my future dividends should be higher (as I now hold more shares).

Is it just a brain fart or does it make any sense to someone else as well?
 Huh
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